Common use of Allocation of Employee Responsibility Clause in Contracts

Allocation of Employee Responsibility. Under all circumstances, the Post- Consummation Trust will be responsible for ninety-five percent (95%) and the Liquidation Trust will be responsible for five percent (5%) of all obligations, including but not limited to all payments and benefits, due pursuant to any employment agreement approved by (i) the Agent and the Creditors’ Committee or (ii) the Post-Consummation Trust and Liquidation Trust that provides for such an allocation. If the Post-Consummation Trust terminates prior to the termination of the Liquidation Trust, the Post-Consummation Trust must have, and set aside for such purpose, resources sufficient to satisfy the obligations under such employment agreements.

Allocation of Employee Responsibility. Under all circumstances, the Post- Consummation Trust will be responsible for ninety-five percent (95%) and the Liquidation Trust will be responsible for five percent (5%) of all obligations, including but not limited to all payments and benefits, due pursuant to any employment agreement approved by (i) the Prepetition Agent and the Creditors’ Committee or (ii) the Post-Consummation Trust and Liquidation Trust that provides for such an allocation. If the Post-Consummation Liquidation Trust terminates prior to the termination of the Liquidation Post-Consummation Trust, the Post-Consummation Liquidation Trust must have, and set aside for such purpose, resources sufficient to satisfy the obligations under such employment agreements.