Lay's Do Us A Flavor Contest
Finalist Prizes (3): Fifty Thousand dollars ($50,000), awarded in the form of a check or wire transfer, payable to winner. Approximate Retail Value (“ARV”): $50,000 each. Grand Prize winner is not eligible to receive a Finalist Prize.
Finalist Prize Payout Terms: Finalist Prizes will be awarded after the Grand Prize Winner has been identified and verified. Allow 6-8 weeks upon Grand Prize Winner verification for Finalist Prizes to be awarded.
Grand Prize (1): The Grand Prize Winner shall be entitled to receive the greater of:
(a) One percent (1%) of the Net Sales* of the Grand Prize Winner’s Finalist Flavor for the period July 1, 2014 through July 1, 2015 (the “Sales Period”);
(b) One Million Dollars ($1,000,000). Awarded in the form of a check or wire transfer, payable to winner. ARV: $1,000,000.