Common use of Employee Leasing Arrangement Clause in Contracts

Employee Leasing Arrangement. The parties acknowledge that as of the date of this Agreement, the Executive is covered under an employee leasing agreement whereby the Executive is considered a co-employee of an Affiliated Employer and the leasing company. For purposes of this Agreement, the parties acknowledge that the Executive is a common law employee of the Employer and that this Agreement is not intended to provide and shall not provide change in control benefits in the event that Executive ceases only to be a co-employee of the leasing company.