Opinion ID: 758330
Heading Depth: 3
Heading Rank: 4

Heading: Actors' Equity Security Agreement

Text: 34 The standard form Security Agreement, entered into between Actors' Equity Association and The Corn Company (Zev Bufman as signatory), provides for the posting of security and undertakes in other ways as well to ensure that actors receive payment for their services. The subject of th[e] agreement is the Play, a defined term that in this instance is the theatrical production known as 'THE CORN IS GREEN.'  The Security Agreement requires that the producer pay the actor all sums due under any individual employment agreement, independent of the obligation to deposit security. 35 That provision is reinforced and broadened elsewhere in the agreement by language that extends the payment guarantee to other employment contracts made with the actors in connection with said Play or in relation to the Play, and imposes the payment obligation on the signatory as well as the entity named as producer, and also on any partnership or other entity that is party to an individual employment agreement. Thus Paragraph 8 provides: 36 All Individual Employment Contracts and collective bargaining agreements heretofore entered into, or which may hereafter be entered into, in connection with said Play are hereby made subject to all terms and conditions herein; all of which are agreed to be material and of the essence of the said Individual Employment Agreements, and as amended by these provisions, all such present and future employment contracts shall be and remain in full force and effect. 37 (Emphasis added.) Paragraph 15 provides: 38 Individual Signature Required. The Producer and Guarantor each severally agree that his signature on this agreement, if in a representative capacity, is also an individual signature binding him individually to this agreement. This provision is of the essence of this contract. 39 (Emphasis added.) Two definitions broaden the reach of the agreement: 40 Producer includes the individual, firm, partnership, or corporation, or any combination thereof, producing or controlling the production of said Play who has entered into an Individual Employment Agreement or who may hereafter enter into an Individual Employment Agreement with any of said Actors. 41 Individual Employment Agreement means any agreement of employment heretofore or hereafter entered into between an Actor and The Guarantor or Producer in relation to the Play. 42 (Emphasis added.)