FINANCIAL SECTION XIV - PRIZE MONEY FORMULA iii. The term “Taxes” means any and all taxes, surcharges, levies,  impositions and other charges imposed or assessed on any  Tournament or Tournament Affiliate by any governmental or quasi-  governmental authority that are not refunded to, or otherwise  received as a benefit by, such Tournament or Tournament Affiliate  in any form, except for any taxes, surcharges, levies, impositions  and other charges that (x) are imposed or assessed on the total  income or revenues of any person or entity, or (y) are imposed or  assessed specifically on or against the activities conducted by such  Tournament or Tournament Affiliate at the site of the event, or any  income, revenues, profits or other consideration generated there  from (unless the tax, surcharge, levy, imposition or charge applies  to the same or similar activities conducted by a reasonably broad  range of other businesses or persons in the applicable jurisdiction  or income, revenues, profits or other consideration therefrom, and  otherwise qualifies under this definition of “Taxes”). iv. The term “Ticketing Fees” means any and all fees, convenience  charges, surcharges or other charges imposed on any Tournament  or Tournament Affiliate by any ticketing agent on the purchase  of tickets or other Admission Rights that are not refunded to such  Tournament or Tournament Affiliate. a.  A committee (“PMF Committee”) shall be appointed as provided below  to assist in all matters relating to the establishment, implementation,  interpretation, administration and calculation of the PMF. 6.  PMF Committee b.  The PMF Committee will consist of (a) one (1) Player Board Representative  selected by a majority vote of the Player Board Representatives (the  “Player Representative Member”), (b) one (1) designee of the Player  Board Representatives, who shall be selected by a majority vote of the  Player Board Representatives and shall have experience in accounting  matters (together with the Player Representative Member, the “Player  Committee Members”), (c) one (1) Tournament Board Representative  selected by a majority of the Tournament Board Representatives (the  “Tournament Representative Member”), (d) one (1) designee of the  Tournament Board Representatives, who shall be selected by a majority  vote of the Tournament Board Representatives and shall have experience  in accounting matters (together with the Tournament Representative  Member, the “Tournament Committee Members”), and (e) the CEO.  Members of the PMF Committee (other than the CEO) may be removed  and replaced at any time by (x) in the case of any Player Committee  Member, a majority vote of the Player Board Representatives, and (y)  252