- (a) Winnings shall include all net moneys won in all countries, up to the time appointed for the start, including walkovers and forfeits, but not second and third money nor the value of a prize not in money.
- (b) Winnings during a year shall be reckoned from January 1 of that year.
- (c) Winner or non-winner of a specified sum means winner or non-winner of a single race of that value to the winner, unless otherwise stated.
(d)
- (1) In computing the value of a series of races in which an extra sum of money is won by the winning of two (2) or more races of the series, the extra amount shall not be included in the horse's winnings until the series, or that part of it, is finished, and hence the extra amount is definitely ascertainable.
- (2) When ascertained, it shall be added to the race which determines the extra amount.
- (e) Foreign winnings shall be estimated on the basis of the normal rate of exchange prevailing on the day of the winnings.
(f)
- (1) All franchise racing holders, owners, trainers, jockeys, agents, grooms, and platers, and all licensees are deemed to accept the conditions under which the franchise holder conducts the race meeting.
- (2) Any person shall, before he or she terminates or discontinues his or her employment, engagement, or activities under such accepted conditions, give the person's employer or other party for whom the person works, as the case may be, at least seven (7) days’ notice in writing of his or her intention to terminate or discontinue his or her employment, engagement, or activities, provided, the employer or other party for whom the person works may waive the requirement of such advance notice.
- (3) The Arkansas Racing Commission may, upon notice to all parties of interest, conduct a hearing or hearings with respect to any termination or discontinuance of employment, engagement, or activities and if the commission shall find that the cause for said termination or discontinuance of employment, engagement, or activities under such accepted conditions is unreasonable or unlawful or contrary to the rules and conditions of the commission, or the statutes of the State of Arkansas, or in bad faith or detrimental to the public interest or against the best interest of racing, or if the commission shall find that the licensee or said persons have failed to give the required written notice herein provided, or in any other manner violated this part, it may, in its discretion, revoke, cancel, withdraw, or suspend the licenses of any such trainer, jockey, agent, groom, plater, and other licensee, or may forever prohibit said person or persons from engaging in any activities at any racetrack in the State of Arkansas, or take other appropriate disciplinary action in the circumstances.