Common use of Leakage Clause in Contracts

Leakage. The Employee, his Affiliates and Associates, will not receive directly or indirectly any salary, directors fees or other compensation or value from the activities of the Management Companies or the applicable Investment Funds, directly or indirectly, through subsidiaries or otherwise, other than: (i) by virtue of his ownership interest in the balance of Management Company in excess of the Section 7 Percentages of Icahn Enterprises and High River; and (ii) a return on his invested capital pro-rata to other investors in any such Investment Fund (but not subject to management fees or incentive allocations or the like).

Appears in 4 contracts

Samples: Co Manager Agreement (Icahn Enterprises Holdings L.P.), Co Manager Agreement (Icahn Enterprises Holdings L.P.), Co Manager Agreement (Icahn Enterprises L.P.)

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