Common use of Loaned Employees Clause in Contracts

Loaned Employees. If there is a vacancy in a job position above a certain grade (but below the level of the Executive Officers) in the Partnership (such grade to be established by the Partnership Governance Committee), either General Partner shall be entitled to nominate one of its (or its Affiliate's) own employees to fill such vacancy for a fixed period of up to three years, subject to renewal or extension by the CEO with the consent of each General Partner. The selection of a nominating General Partner's (or its Affiliate's) employee to fill a Partnership vacancy and all of the terms of such selection and the nominated employee's service shall be subject to the approval and control of the CEO; provided, however, that the selection and appointment of a nominating General Partner's (or its Affiliate's) employee to fill a vacancy shall be confirmed by Partnership Governance Committee Action. A nominating General Partner's (or its Affiliate's) employee who fills a Partnership vacancy shall in all respects perform as an employee of the Partnership and, as such, shall have the duties to the Partnership and the General Partners set forth or referred to in Section 4.4. (and each General Partner shall at all times cause all of its (or its Affiliate's) employees on loan to the Partnership to perform in a manner consistent with the requirements of Section 4.4.); provided, however, that such employees shall continue to participate in the compensation and benefit plans of the nominating General Partner or its Affiliate. Each General Partner shall at any one time have no more than 10 of its (or its Affiliate's) employees filling Partnership vacancies. The Partnership shall compensate the nominating General Partner (or its Affiliate) for the services of the employee in accordance with terms determined by the nominating General Partner and the CEO prior to the employee's commencing work for the Partnership.

Loaned Employees. If there is a vacancy in a job position above a certain grade (but below the level of the Executive Officers) in the Partnership (such grade to be established by the Partnership Governance Committee), either General Partner shall be entitled to nominate one of its (or its Affiliate's) own employees to fill such vacancy for a fixed period of up to three years, subject to renewal or extension by the CEO with the consent of each General Partner. The selection of a nominating General Partner's (or its Affiliate's) employee to fill a Partnership vacancy and all of the terms of such selection and the nominated employee's service shall be subject to the approval and control of the CEO; provided, however, that the selection and appointment of a nominating General Partner's (or its Affiliate's) employee to fill a vacancy shall be confirmed by Partnership Governance Committee Action. A nominating General Partner's (or its Affiliate's) employee who fills a Partnership vacancy shall in all respects perform as an employee of the Partnership and, as such, shall have the duties to the Partnership and the General Partners set forth or referred to in Section 4.4. (and each General Partner shall at all times cause all of its (or its Affiliate's) employees on loan to the Partnership to perform in a manner consistent with the requirements of Section 4.4.); provided, however, that such employees shall continue to participate in the compensation and benefit plans of the nominating General Partner or its Affiliate. Each General Partner shall at any one time have no more than 10 of its (or its Affiliate's) employees filling Partnership vacancies. The Partnership shall compensate the nominating General Partner (or its Affiliate) for the services of the employee in accordance with terms determined by the nominating General Partner and the CEO prior to the employee's commencing work for the Partnership.the