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LONG-TERM CONTRACT This Agreement is made the 1st
day of November 2003, by and between Procter and Gamble, a corporation which
owns the CBS television show “As the World Turns,” with offices at 1268
East 14th Street, Brooklyn, NY, 11230
(“P&G”), and Trent Dawson (“Dawson”). In consideration of the mutual
covenants and promises set forth herein, the parties hereby agree as follows: 1.
Engagement. P&G engages Dawson as an
actor for P&G playing the role of Henry Coleman on “As the World Turns.” 2.
Term. Unless earlier terminated as hereinafter provided, this Agreement shall remain in effect for three years (or as long as need remains for someone to kidnap, eavesdrop, scheme, or generally help and/or wreak havoc on the people of Oakdale). It may be renewed for additional periods by an amendment to this Agreement signed by both parties. 3.
Duties. Dawson shall work for P&G
as requested in areas related to his engagement.
Dawson’s services will include, but may not be limited to:
Until
further notice, Dawson shall coordinate the performance of his duties hereunder
with Christopher Goutman, Executive Producer of P&G Corporation’s “As
the World Turns.” 4. Compensation, Expenses and Internal Revenue Service Documentation.
P&G shall make payment to Dawson on a quarterly basis at a minimum rate of $100,000 per episode, at a minimum of 3 episodes per week. Overtime shall be paid at any time the schedule requires more than the minimum.
All expenses incurred at Trent Dawson Fan Club Events will be paid for by P&G. These events include but are not limited to: luncheons, pre-show receptions, softball tournaments, picnics, and bartending events.
P&G shall also reimburse Dawson for all reasonable travel expenses actually incurred while traveling at the request of P&G and all reasonable expenses, such as meals and lodging, incurred while at the event, provided that such expenses are approved in advance and in writing. Domestic and International air travel required for P&G business will be paid in advance at business or first class rates, depending on airline availability. If traveling companion is required by Dawson, all reasonable airfares and applicable expenses will be the responsibility of P&G. For tax purposes, Dawson shall provide P&G with appropriate documentation for all expenses for which P&G reimbursement is requested, including but not limited to receipts for all reimbursable expenses in excess of $25.00. P&G shall make payment to Dawson within one month after all necessary documentation for payment has been received.
P&G shall report all payments for services rendered by Dawson on IRS Form 1099 as compensation. Such reporting shall comply with Internal Revenue Code provisions, IRS regulations and Revenue rulings. 5.
Termination. This Agreement may be
terminated at any time by either party, with or without cause, by giving the
other party thirty (30) days written notice of intention to terminate; however,
upon termination P&G has the responsibility to pay out the contract plus
severance until further employment has been obtained by Dawson. 6.
Exclusive Agreement. Because of the confidential
nature of the information which will be disclosed to Dawson, neither Dawson nor
any corporation or entity controlled by him, either alone or jointly with
others, will, during the term of this Agreement, become an employee of,
spokesman for, or consultant or advisor to any other company that produces soap
operas, without the prior written consent of P&G. 7.
Indemnification. Dawson shall indemnify, defend and hold
harmless P&G and its affiliated companies, and any of their agents and
employees (“Indemnitees”) from and against any and all loss, damage, injury
and liability for injury to or death of any person (including an employee or
agent of Indemnitees or Dawson) or for loss of or damage to property (including
the property of Indemnitees or Dawson) or for failure to comply with any law or
regulation, including claims and reasonable attorneys’ fees relating to any of
the foregoing, resulting or arising from Dawson’s negligent performance of
this Agreement, unless Dawson says otherwise. 8.
Notices. All notices required or
permitted by this Agreement shall be in writing and shall be delivered in person
or sent by certified or registered mail, return receipt requested, postage
prepaid, as follows:
TO:
P&G Corporation
TO:
Trent Dawson or to such other address as either party may designate in writing to the other. All mailed notices shall be deemed effective upon being deposited in the mail. 9.
Waiver. The waiver by either party of a breach of any provision of this Agreement shall not operate as or be construed as a continuing waiver or as a consent to or waiver of any subsequent breach. 10.
Modification. This Agreement may only be modified in a writing signed by both of the parties hereto. 11.
Governing Law. This Agreement shall be governed by the laws of the State of New York, without regard to choice of law rules. 12.
Entire Agreement. This
Agreement constitutes the entire agreement between the parties with respect to
the subject matter hereof and supersedes all previous agreements and
understandings whether oral or written between the parties with respect to the
subject matter hereof. 12.
Addendums. Any revisions or addendums to this contract must be approved by Dawson, at the whim of Dawson, to be determined by the tides, if necessary. This Agreement is null and void if, at any time, Dawson just does not feel like it (but P&G still has to pay him).
P&G Corporation __________________________
By: _________________________ Trent
Dawson
Christopher Goutman |
