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This excerpt taken from the LUX 20-F filed Jun 25, 2009. Other
Commitments — The Company is committed to pay amounts in future periods
for endorsement contracts, supplier purchase and other long term commitments.
Endorsement contracts are entered into with selected athletes and others who
endorse Oakley products. Oakley is often required to pay specified minimal
annual commitments and, in certain cases, additional amounts based on
performance goals. Certain contracts provide additional incentives based on the
achievement of specified goals. Supplier commitments have been entered into
with various suppliers in the normal course of business.
Future minimum amounts to be paid for endorsement contracts and supplier purchase commitments at December 31, 2008, are as follows (thousands of Euro):
F-50
This excerpt taken from the LUX 6-K filed May 12, 2009. Other commitments. The Company is committed to pay amounts in future
periods for endorsement contracts, supplier purchase and other long term
commitments. Endorsement contracts are entered into with selected athletes and
others who endorse Oakley products. Oakley is often required to pay specified
minimal annual commitments and, in certain cases, additional amounts based on
performance goals. Certain contracts provide additional incentives based on the
achievement of specified goals. Supplier commitments have been entered into
with various suppliers in the normal course of business.
Future minimum amounts to be paid for endorsement contracts and supplier purchase commitments at December 31, 2008, are as follows (thousands of Euro):
This excerpt taken from the LUX 20-F filed Jun 26, 2008. Other
Commitments — The Company, with its acquisition of Oakley, is committed
to pay amounts in future periods for endorsement contracts and supplier
purchase commitments. Endorsement contracts are entered into with selected
athletes and others who endorse Oakley products. Oakley is often required to
pay specified minimal annual commitments and, in certain cases, additional
amounts based on performance goals. Certain contracts provide additional
incentives based on the achievement of specified goals. Purchase commitments
have been entered into with various suppliers in the normal course of business.
Oakley has a five-year agreement with a supplier that is Oakley’s sole source
of the uncoated lens blanks from which the majority of its sunglass lenses are
cut. This agreement gives Oakley the right to purchase lens blanks from the
supplier in return for Oakley’s agreement to fulfill the majority of the
requirements of the supplier, subject to certain conditions. Amounts expensed
in 2007 for the endorsement contracts and supplier purchase commitments were
immaterial to the financial statements.
Future minimum amounts to be paid for endorsement contracts and supplier purchase commitments at December 31, 2007, are as follows (thousands of Euro):
F-47
This excerpt taken from the LUX 6-K filed Jun 4, 2008. Other
commitments. The Company, with its acquisition of Oakley, is
committed to pay amounts in future periods for endorsement contracts and
supplier purchase commitments. Endorsement contracts are entered into with
selected athletes and others who endorse Oakley products. Oakley is often
required to pay specified minimal annual commitments and, in certain cases, additional
amounts based on performance goals. Certain contracts provide additional
incentives based on the achievement of specified goals. Purchase commitments
have been entered into with various suppliers in the normal course of business.
Oakley has a five-year agreement with a supplier that is Oakley’s sole source
of the uncoated lens blanks from which the majority of its sunglass lenses are
cut. This agreement gives Oakley the right to purchase lens blanks from the
supplier in return for Oakley’s agreement to fulfill the majority of the
requirements of the supplier, subject to certain conditions. Amounts expensed
in 2007 for the endorsement contracts and supplier purchase commitments were
immaterial to the financial statements.
Future minimum amounts to be paid for endorsement contracts and supplier purchase commitments at December 31, 2007, are as follows:
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