(1) Covered Student. Any Philadelphia resident attending high school at a covered school entity who is engaged in competitive sports or related activities and whose household has an annual adjusted gross income of one hundred fifty thousand dollars ($150,000) or less.
(2) Covered School Entity. A school wherein a resident of the Commonwealth of Pennsylvania may legally fulfill the compulsory school attendance requirements of the act of March 10, 1949 (P.L. 30, No.14), known as the Public School Code of 1949.
(3) Name, Image, and Likeness (“NIL”) Deal. A contract or similar arrangement between a covered student and an individual or entity pursuant to which the individual or entity licenses the publicity rights of the student, including the right to use the name, image or likeness of the student for commercial purposes.
(4) National Letter of Intent (“NLI”). An agreement pursuant to which a covered student agrees to attend a college or university and that college or university agrees to provide athletic financial aid through a program administered by the National Collegiate Athletic Association.
(5) NLI Program. A program administered by the National Collegiate Athletic Association pursuant to which participating colleges and universities and their prospective student-athletes use the NLI and agree to abide by specific rules and guidelines governing attendance, athletic participation, and athletic financial aid.
(6) Managing Director. The Managing Director or such other City department or office as designated by the Mayor.