New Club definition
Examples of New Club in a sentence
The New Club and the player must specifically identify in the Offer Sheet those provisions they believe are Principal Terms.
At any time after the giving of an Offer Sheet to a Prior Club, the NFL may require the New Club to cause a copy thereof to be given to the NFL and the NFLPA.
Clauses 2 to 4 are written on the basis that insurance will attach at the beginning of a policy year and that the policy years of the New Club and each Holding Club are the same.
Where no firm commitment is entered into by the time specified in Clause 2.1, the provisions of this Clause shall apply to the insurance by a New Club of a vessel that is currently insured with any of the Clubs.
If requested to do so by the Operator, the Holding Club shall also supply to the Operator a copy of his record as supplied by the Holding Club to the New Club.
If the New Club has stated that it wishes to quote for only one or some of the vessels in a fleet entered in the Holding Club and the Holding Club applies a fleet rate it may in lieu of the actual premium state the premium that it would have required for the current year to insure that or those vessels alone, and in that case shall state that it is doing so.
A person on List A may not be appointed to the Committee by the Club which nominated him to that List or by a Club which reinsures or is reinsured by that Club and where an Operator is a party to a reference he may not appoint a person who was nominated to List A by his New Club or by a Club which reinsures or is reinsured by that New Club.
Neither the player nor the New Club may exercise an option in such Player Contract that reduces Salary in the first League Year of such contract until after the end of the first regular season covered by the Contract.
The player and the New Club may not renegotiate such Player Contract to reduce the Salary in such contract until after the end of the first regular season covered by the Contract.
For those incentives which are based on Club performance, only those incentives which are “likely to be earned” by the player if he enters into a Player Contract with the New Club, pursuant to Subsection (c) above, must be matched by the Old Club for the purpose of exercising a Right of First Refusal.