Fan Info - INDYCAR 101 - Rulebook - Chapter 11: Awards

Download Fan Version: 2017 Verizon IndyCar Series Rulebook (Full)

Download Fan Version: 2017 Verizon IndyCar Series Rulebook (Chp 11)

11. AWARDS

IMPORTANT: The rulebook content below was released to all parties on January 16, 2017, and should be considered UNOFFICIAL. No in-season amendments or bulletins are reflected below.

11.1. Approval

11.1.1 - The distribution of all awards must be approved by INDYCAR.

11.2. Awards

11.2.1 - INDYCAR shall determine the eligibility, nature, and amount of all for:

  1. Each Event, and
  2. End of season

11.3. Withholding

11.3.1 Offset - INDYCAR shall have the right to offset any amounts owed by a Member to INDYCAR, an Event Promoter or a Manufacturer against any award otherwise payable to the Member or the Member’s Entrant. If INDYCAR receives notice that Member has failed to pay an Event Promoter or Manufacturer, INDYCAR shall have the right to pay the Event Promoter or Manufacturer directly after giving the Member a 48 (forty-eight) hour period to dispute the offset. Should the Member dispute the offset or in the event INDYCAR receives conflicting demands for such amounts, INDYCAR shall, at its option, be entitled to seek a court order to ascertain the rightful distribution of funds.

11.3.2 Review - If a review is lodged, affecting the distribution of an award, all awards so affected shall be forwarded to the INDYCAR office or in the case of monetary awards placed in an escrow account as directed by INDYCAR within five Business Days after the filing of the review, without obligation as to interest.