Examples of Qualifying Offer in a sentence
A ROFR Team may continue to reassert its Right of First Refusal by following the foregoing procedure in each subsequent year in which that Restricted Free Agent does not sign an Offer Sheet with any Team by the July 1 of the WNBA Season for which the Restricted Qualifying Offer is made, and does not sign a Player Contract with the ROFR Team before that Season ends.
If such Reserved Qualifying Offer is made, then, on the February 1 following the last Season covered by the player’s Player Contract, the player shall become a Reserved Player, subject to the exclusive negotiating rights of her Prior Team.
Any such Restricted Qualifying Offer shall be governed by the provisions of Section 5 above.
If such a Restricted Qualifying Offer is made, then, on the February 1 following the Season covered by the player’s Fourth Year Option, the player shall become a Restricted Free Agent, subject to a Right of First Refusal in favor of the Team (“ROFR Team”), as set forth in Section 6 below.
If such a Reserved Qualifying Offer is not made, then the player shall become an Unrestricted Free Agent on such February 1.