Common use of Self-Insured Benefits Clause in Contracts

Self-Insured Benefits. With respect to employee welfare and fringe benefits that are provided on a self-insured basis, except as otherwise provided herein, MSG Entertainment (i) shall pay Spinco the Estimated Benefit Cost (defined below) for each month from the Distribution Date through the Effective Date for each MSG Entertainment Participant participating in such benefits (prorated for any partial month based on the number of days in such month) and (ii) acting directly or through its Subsidiaries, shall cause the MSG Entertainment Health & Welfare Plans to fully perform, pay and discharge all claims of MSG Entertainment Participants that are incurred on or after the Effective Date. The “Estimated Benefit Cost” shall equal the aggregate monthly cost of such self-insured benefits on a per-employee basis, as set forth in Spinco’s applicable annual budget (as may be adjusted quarterly), taking into account relevant claims experience. As soon as administratively practicable after the Effective Date, Spinco and MSG Entertainment shall determine the actual cost of providing such self-insured benefits to the MSG Entertainment Participants for the period from the Distribution Date through the Effective Date (the “Actual Benefit Cost”), which shall be determined based on the number, and claims experience, of MSG Entertainment Participants and Spinco Participants during that period. If the Actual Benefit Cost is greater than the aggregate Estimated Benefit Cost paid by MSG Entertainment, then MSG Entertainment shall promptly pay Spinco such shortfall, or if the aggregate Estimated Benefit Cost paid by MSG Entertainment is greater than the Actual Benefit Cost, then Spinco shall promptly reimburse such excess amount to MSG Entertainment. Except as provided otherwise herein, MSG Entertainment shall promptly reimburse Spinco for the administrative and other expenses related to self-insured benefit claims of MSG Entertainment Participants paid by the Spinco Health & Welfare Plans or Spinco that were incurred prior to the Effective Date (whether reported or unreported by the Effective Date).

Self-Insured Benefits. With respect to employee welfare and fringe benefits that are provided on a self-insured basis, except as otherwise provided herein, MSG Entertainment MSGS (i) shall pay Spinco the Estimated Benefit Cost (defined below) for each month from the Distribution Date through the Effective Date for each MSG Entertainment MSGS Participant participating in such benefits (prorated for any partial month based on the number of days in such month) and (ii) acting directly or through its Subsidiaries, shall cause the MSG Entertainment MSGS Health & Welfare Plans to fully perform, pay and discharge all claims of MSG Entertainment MSGS Participants that are incurred on or after the Effective Date. The “Estimated Benefit Cost” shall equal the aggregate monthly cost of such self-insured benefits on a per-employee basis, as set forth in Spinco’s applicable annual budget (as may be adjusted quarterly), taking into account relevant claims experience. As soon as administratively practicable after the Effective Date, Spinco and MSG Entertainment MSGS shall determine the actual cost of providing such self-insured benefits to the MSG Entertainment MSGS Participants for the period from the Distribution Date through the Effective Date (the “Actual Benefit Cost”), which shall be determined based on the number, and claims experience, of MSG Entertainment MSGS Participants and Spinco Participants during that period. If the Actual Benefit Cost is greater than the aggregate Estimated Benefit Cost paid by MSG EntertainmentMSGS, then MSG Entertainment MSGS shall promptly pay Spinco such shortfall, or if the aggregate Estimated Benefit Cost paid by MSG Entertainment MSGS is greater than the Actual Benefit Cost, then Spinco shall promptly reimburse such excess amount to MSG EntertainmentMSGS. Except as provided otherwise herein, MSG Entertainment MSGS shall promptly reimburse Spinco for the administrative and other expenses related to self-insured benefit claims of MSG Entertainment MSGS Participants paid by the Spinco Health & Welfare Plans or Spinco that were incurred prior to the Effective Date (whether reported or unreported by the Effective Date).