Common use of COBRA and HIPAA Clause in Contracts

COBRA and HIPAA. As of the Effective Date, MSG (acting directly or through its Subsidiaries or Affiliates) shall assume, or shall have caused the MSG Health & Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to MSG Participants who, as of the day prior to the Effective Date, were covered under a CVC Health & Welfare Plan pursuant to COBRA or were eligible for COBRA under a CVC Health & Welfare Plan and incur any COBRA claims after the Effective Date. CVC shall be responsible for the claims incurred by MSG Participants prior to the Effective Date, regardless if payments for such claims are made or due after the Effective Date. CVC (acting directly or through its Subsidiaries or Affiliates) shall be responsible for administering compliance with the certificate of creditable coverage requirements of HIPAA applicable to the CVC Health & Welfare Plans with respect to MSG Participants for the period ending on the Effective Date. The Parties hereto agree that neither the Distribution nor any transfers of employment directly from the CVC Group to the MSG Group or directly from the MSG Group to the CVC Group that occur before the Effective Date shall constitute a COBRA “qualifying event” for purposes of COBRA.

COBRA and HIPAA. As of the Effective Date, MSG MSGS (acting directly or through its Subsidiaries or AffiliatesSubsidiaries) shall assume, or shall have caused the MSG MSGS Health & Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to MSG MSGS Participants who, as of the day prior to the Effective Date, were covered under a CVC Spinco Health & Welfare Plan pursuant to COBRA or were eligible for COBRA under a CVC Spinco Health & Welfare Plan and incur any COBRA claims after the Effective Date. CVC Spinco shall be responsible for the claims incurred by MSG MSGS Participants prior to the Effective Date, regardless if of whether payments for such claims are made or due after the Effective Date. CVC Spinco (acting directly or through its Subsidiaries or AffiliatesSubsidiaries) shall be responsible for administering compliance with the certificate of creditable coverage requirements of HIPAA applicable to the CVC Spinco Health & Welfare Plans with respect to MSG MSGS Participants for the period ending on the Effective Date. The Parties hereto agree that neither the Distribution nor any transfers of employment directly from the CVC MSGS Group to the MSG Spinco Group or directly from the MSG Spinco Group to the CVC MSGS Group that occur before the Effective Date shall constitute a COBRA “qualifying event” for purposes of COBRA.

COBRA and HIPAA. As of the Effective Date, MSG AMC (acting directly or through its Subsidiaries or AffiliatesSubsidiaries) shall assume, or shall have caused the MSG AMC Health & Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to MSG AMC Participants who, as of the day prior to the Effective Date, were covered under a CVC Health & Welfare Plan pursuant to COBRA or were eligible for COBRA under a CVC Health & Welfare Plan and incur any COBRA claims after the Effective Date. CVC shall be responsible for the claims incurred by MSG AMC Participants prior to the Effective Date, regardless if of whether payments for such claims are made or due after the Effective Date. CVC (acting directly or through its Subsidiaries or AffiliatesSubsidiaries) shall be responsible for administering compliance with the certificate of creditable coverage requirements of HIPAA applicable to the CVC Health & Welfare Plans with respect to MSG AMC Participants for the period ending on the Effective Date. The Parties hereto agree that neither the Distribution nor any transfers of employment directly from the CVC Group to the MSG AMC Group or directly from the MSG AMC Group to the CVC Group that occur before the Effective Date shall constitute a COBRA “qualifying event” for purposes of COBRA.