Portfolio Fee

Portfolio Fee. Means the non-refundable, non-recoupable fee required to be paid by Syratech to VEW pursuant to Paragraph 9(b) during the Term to be used by VEW in its discretion in connection with advertising and promotion of the Vera Wang brand as a prestige luxury brand, which advertising and promotion may include, without limitation, master branding campaigns, fashion events or shows, charity events and/or promotions on websites (it being acknowledged and agreed that any promotion of the Licensed Products... on the VEW website, other than the general promotion of the Licensed Products with other VEW products on the VEW website, if any, shall be in VEW's discretion and shall require the payment of additional fees by Syratech to be negotiated in good faith by the Parties). 6 View More