{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "employees-who", "type": "clause", "offset": [33, 46]}, {"key": "the-distributor", "type": "clause", "offset": [81, 96]}, {"key": "shares-of", "type": "clause", "offset": [138, 147]}, {"key": "the-activities", "type": "clause", "offset": [187, 201]}, {"key": "selling-shares", "type": "definition", "offset": [313, 327]}, {"key": "of-the-adviser", "type": "clause", "offset": [373, 387]}, {"key": "principal-of", "type": "definition", "offset": [408, 420]}, {"key": "assist-the", "type": "clause", "offset": [441, 451]}, {"key": "the-shared", "type": "clause", "offset": [516, 526]}, {"key": "errors-and-omissions", "type": "definition", "offset": [596, 616]}, {"key": "bond-insurance-policies", "type": "definition", "offset": [630, 653]}, {"key": "coverage-for", "type": "clause", "offset": [675, 687]}, {"key": "copies-of", "type": "definition", "offset": [732, 741]}, {"key": "indemnify-and-hold-harmless", "type": "clause", "offset": [825, 852]}, {"key": "claims-and-expenses", "type": "definition", "offset": [919, 938]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [950, 970]}, {"key": "fees-and-disbursements", "type": "clause", "offset": [972, 994]}, {"key": "investigation-costs", "type": "definition", "offset": [999, 1018]}, {"key": "to-the-adviser", "type": "clause", "offset": [1061, 1075]}, {"key": "without-limitation", "type": "clause", "offset": [1161, 1179]}, {"key": "breach-by", "type": "clause", "offset": [1279, 1288]}, {"key": "employees-of", "type": "clause", "offset": [1301, 1313]}, {"key": "rules-or-regulations", "type": "definition", "offset": [1318, 1338]}], "size": 16, "snippet": "The Adviser agrees that only its employees who are registered representatives of the Distributor (\u201cShared Employees\u201d) shall offer or sell Shares of the Portfolios and further agrees that the activities of any such Shared Employees as registered representatives of the Distributor shall be limited to offering and selling Shares. If there are Shared Employees, one employee of the Adviser shall register as a principal of the Distributor and assist the Distributor in monitoring the marketing and sales activities of the Shared Employees. If there are Shared Employees, the Adviser shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee\u2019s activities and shall provide copies of such policies to the Distributor. If there are Shared Employees, the Adviser shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys\u2019 fees and disbursements and investigation costs incident thereto) arising from or related to the Adviser\u2019s employees\u2019 activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such Shared Employees of any rules or regulations of FINRA or SEC.", "samples": [{"hash": "6YVmXlrBX8m", "uri": "/contracts/6YVmXlrBX8m#shared-employees", "label": "Distribution Agreement (360 Funds)", "score": 34.4852828979, "published": true}, {"hash": "f44kpYc4XnH", "uri": "/contracts/f44kpYc4XnH#shared-employees", "label": "Distribution Agreement (360 Funds)", "score": 29.2423000336, "published": true}, {"hash": "4qsChFczxOj", "uri": "/contracts/4qsChFczxOj#shared-employees", "label": "Distribution Agreement (WP Trust)", "score": 27.988363266, "published": true}], "hash": "e321bf7fecfcb02cebb589966756ab53", "id": 1}, {"snippet_links": [{"key": "an-officer", "type": "clause", "offset": [23, 33]}, {"key": "director-or-employee", "type": "definition", "offset": [35, 55]}, {"key": "parent-group", "type": "definition", "offset": [77, 89]}, {"key": "spinco-group", "type": "definition", "offset": [112, 124]}, {"key": "prior-to-the-distribution", "type": "clause", "offset": [155, 180]}, {"key": "following-the", "type": "definition", "offset": [256, 269]}], "size": 9, "snippet": "Each individual who is an officer, director or employee of any member of the Parent Group and any member of the SpinCo Group shall resign, effective at or prior to the Distribution, from all positions such individual holds with the SpinCo Group, such that following the Distribution such individual will not hold such positions in both Groups.", "samples": [{"hash": "kvVNySxub8v", "uri": "/contracts/kvVNySxub8v#shared-employees", "label": "Separation and Distribution Agreement (Change Healthcare Inc.)", "score": 31.1081447601, "published": true}, {"hash": "dD4dcnNm9Fr", "uri": "/contracts/dD4dcnNm9Fr#shared-employees", "label": "Separation and Distribution Agreement (McKesson Corp)", "score": 31.1081447601, "published": true}, {"hash": "8yHApBlNtul", "uri": "/contracts/8yHApBlNtul#shared-employees", "label": "Separation and Distribution Agreement (Change Healthcare Inc.)", "score": 31.1081447601, "published": true}], "hash": "dbfbd537dab8b43ca5a6e1f1720832bf", "id": 2}, {"snippet_links": [{"key": "affiliated-operations", "type": "definition", "offset": [35, 56]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [145, 166]}, {"key": "controlled-entity", "type": "clause", "offset": [174, 191]}, {"key": "terms-of", "type": "definition", "offset": [238, 246]}, {"key": "relevant-agreement", "type": "clause", "offset": [249, 267]}, {"key": "affiliated-companies", "type": "clause", "offset": [278, 298]}, {"key": "persons-employed-by-the-company", "type": "clause", "offset": [307, 338]}, {"key": "prior-to", "type": "definition", "offset": [589, 597]}, {"key": "approval-of", "type": "definition", "offset": [603, 614]}], "size": 8, "snippet": "Shared employees are a category of Affiliated Operations where (i) Affiliate personnel are assigned to work in whole or in part in support or on behalf of the Company or any Controlled Entity whether or not performance is governed by the terms of a relevant agreement among the affiliated companies or (ii) persons employed by the Company (or any Controlled Entity) are assigned to work in whole or in part in support or on behalf of any Affiliate whether or not performance is governed by the terms of relevant agreement among the affiliated companies. Shared Employees are not permitted prior to DCSA approval of a corresponding AOP.", "samples": [{"hash": "iK1TNylsBAX", "uri": "/contracts/iK1TNylsBAX#shared-employees", "label": "Security Control Agreement (BETA Technologies, Inc.)", "score": 36.7618069815, "published": true}, {"hash": "lVgC58kIXmb", "uri": "/contracts/lVgC58kIXmb#shared-employees", "label": "Proxy Agreement (Leonardo DRS, Inc.)", "score": 34.1923332214, "published": true}, {"hash": "g04d9tMnWMY", "uri": "/contracts/g04d9tMnWMY#shared-employees", "label": "Security Control Agreement", "score": 31.8491020203, "published": true}], "hash": "ac94b105f06d4cbc3c8105620e956eda", "id": 3}, {"snippet_links": [{"key": "responsibilities-of", "type": "clause", "offset": [18, 37]}, {"key": "shared-employee", "type": "definition", "offset": [43, 58]}, {"key": "at-the-bank", "type": "clause", "offset": [59, 70]}, {"key": "bank-responsibilities", "type": "clause", "offset": [73, 94]}, {"key": "the-shared", "type": "clause", "offset": [114, 124]}, {"key": "performing-bank", "type": "definition", "offset": [150, 165]}, {"key": "the-bank-and-the", "type": "clause", "offset": [250, 266]}, {"key": "responsible-for", "type": "clause", "offset": [287, 302]}, {"key": "supervision-and-direction", "type": "clause", "offset": [307, 332]}, {"key": "performing-duties", "type": "clause", "offset": [383, 400]}, {"key": "an-affiliate", "type": "clause", "offset": [426, 438]}, {"key": "the-affiliate", "type": "clause", "offset": [506, 519]}, {"key": "information-furnished", "type": "clause", "offset": [669, 690]}, {"key": "in-connection-with", "type": "clause", "offset": [763, 781]}, {"key": "property-of-the-bank", "type": "clause", "offset": [864, 884]}, {"key": "provisions-of", "type": "clause", "offset": [929, 942]}, {"key": "section-11", "type": "definition", "offset": [943, 953]}, {"key": "best-interests", "type": "definition", "offset": [1000, 1014]}, {"key": "employee-costs-and-expenses", "type": "definition", "offset": [1091, 1118]}, {"key": "services-addendum", "type": "definition", "offset": [1159, 1176]}, {"key": "section-4", "type": "clause", "offset": [1197, 1206]}, {"key": "allocation-of-time", "type": "clause", "offset": [1208, 1226]}, {"key": "affiliate-shall", "type": "definition", "offset": [1317, 1332]}, {"key": "agreed-by", "type": "definition", "offset": [1336, 1345]}, {"key": "from-time-to-time", "type": "clause", "offset": [1374, 1391]}, {"key": "in-the-event", "type": "clause", "offset": [1393, 1405]}, {"key": "related-affiliate", "type": "definition", "offset": [1470, 1487]}, {"key": "services-for", "type": "clause", "offset": [1586, 1598]}, {"key": "to-the-extent", "type": "clause", "offset": [1614, 1627]}, {"key": "failure-by-the", "type": "clause", "offset": [1628, 1642]}, {"key": "adversely-affect", "type": "definition", "offset": [1698, 1714]}, {"key": "operation-of-the-bank", "type": "clause", "offset": [1734, 1755]}, {"key": "laws-or-regulations", "type": "clause", "offset": [1783, 1802]}, {"key": "acting-reasonably", "type": "clause", "offset": [1830, 1847]}, {"key": "in-good-faith", "type": "definition", "offset": [1852, 1865]}, {"key": "relationship-between-the", "type": "clause", "offset": [1874, 1898]}, {"key": "pursuant-to", "type": "definition", "offset": [1930, 1941]}, {"key": "independent-parties", "type": "clause", "offset": [1975, 1994]}, {"key": "expenses-of", "type": "clause", "offset": [2032, 2043]}], "size": 7, "snippet": "a. The duties and responsibilities of each Shared Employee at the Bank (\u201cBank Responsibilities\u201d) are set forth in the Shared Employee Addendum. While performing Bank Responsibilities, the Shared Employee shall be deemed to be employed exclusively by the Bank and the Bank alone shall be responsible for the supervision and direction of the Shared Employee during such periods. While performing duties and responsibilities for an Affiliate, the Shared Employee shall be deemed to be employed exclusively by the Affiliate, and the Affiliate alone shall be responsible for the supervision and direction of the Shared Employee during such periods. All data, documents, and information furnished by the Bank to any Shared Employee, or obtained by the Shared Employee, in connection with Shared Employee\u2019s performance of Bank Responsibilities shall remain the exclusive property of the Bank and shall be subject to the confidentiality provisions of Section 11 hereof.\nb. A Shared Employee shall act in the best interests of the Bank while performing Bank Responsibilities.\nc. Allocation of Shared Employee costs and expenses shall be as set forth in the applicable Services Addendum.\nd. Subject to this Section 4, allocation of time and responsibilities of a Shared Employee between the Bank and the related non-subsidiary Affiliate shall be agreed by the Bank and such Affiliate from time to time. In the event that there is a conflict between priorities of the Bank and the related Affiliate, a Shared Employee\u2019s performance of Bank Responsibilities shall take priority over performance of Services for such Affiliate to the extent failure by the Shared Employee to perform Bank Responsibilities could adversely affect the safe and sound operation of the Bank or compliance with banking laws or regulations, as determined by the Bank acting reasonably and in good faith.\ne. The relationship between the Bank and the related Affiliate pursuant to this Section 4 is solely that of independent parties contracting to allocate the time and expenses of a Shared Employee.", "samples": [{"hash": "6osy6WCoU7P", "uri": "/contracts/6osy6WCoU7P#shared-employees", "label": "Master Services Agreement (Discover Card Master Trust I)", "score": 36.1348381042, "published": true}, {"hash": "eTd7vfdQDXN", "uri": "/contracts/eTd7vfdQDXN#shared-employees", "label": "Master Services Agreement", "score": 31.3408622742, "published": true}, {"hash": "ihK94SoaULE", "uri": "/contracts/ihK94SoaULE#shared-employees", "label": "Master Services Agreement", "score": 29.3408622742, "published": true}], "hash": "a32f01411dec3e1313b2c13de8292fd6", "id": 4}, {"snippet_links": [{"key": "providing-services", "type": "clause", "offset": [51, 69]}, {"key": "the-company", "type": "definition", "offset": [78, 89]}, {"key": "during-the-transition-period", "type": "clause", "offset": [129, 157]}, {"key": "per-annum", "type": "definition", "offset": [240, 249]}, {"key": "mutually-agreed", "type": "definition", "offset": [303, 318]}, {"key": "by-the-parties", "type": "clause", "offset": [324, 338]}], "size": 6, "snippet": "D\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and M\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 are currently providing services to both the Company and SRM NV and shall continue to do so during the transition period. For providing these services, M\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and M\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall be paid $25,000 per annum directly from SRM NV. The transition period shall be mutually agreed upon by the Parties.", "samples": [{"hash": "4yBv2LhgNmO", "uri": "/contracts/4yBv2LhgNmO#shared-employees", "label": "Stock Exchange Agreement (Jupiter Wellness, Inc.)", "score": 32.6344985962, "published": true}, {"hash": "dR54GjIdjZG", "uri": "/contracts/dR54GjIdjZG#shared-employees", "label": "Stock Exchange Agreement (SRM Entertainment, Inc.)", "score": 32.3963050842, "published": true}, {"hash": "gHMyYMMPx46", "uri": "/contracts/gHMyYMMPx46#shared-employees", "label": "Stock Exchange Agreement (SRM Entertainment, Inc.)", "score": 32.2621498108, "published": true}], "hash": "f4209daf9f58da011771d14708a3be68", "id": 5}, {"snippet_links": [{"key": "an-officer", "type": "clause", "offset": [23, 33]}, {"key": "director-or-employee", "type": "definition", "offset": [35, 55]}, {"key": "the-\u2587", "type": "clause", "offset": [73, 78]}, {"key": "discover-group", "type": "definition", "offset": [120, 134]}, {"key": "prior-to-the-distribution", "type": "clause", "offset": [165, 190]}, {"key": "members-of", "type": "clause", "offset": [242, 252]}, {"key": "other-group", "type": "definition", "offset": [264, 275]}, {"key": "following-the", "type": "definition", "offset": [287, 300]}], "size": 5, "snippet": "Each individual who is an officer, director or employee of any member of the \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Group and any member of the Discover Group shall resign, effective at or prior to the Distribution, from all positions such individual holds with all members of one or the other Group, such that following the Distribution such individual will not hold such positions in both Groups.", "samples": [{"hash": "fGnLHQh5WPD", "uri": "/contracts/fGnLHQh5WPD#shared-employees", "label": "Separation and Distribution Agreement", "score": 29.3408622742, "published": true}, {"hash": "c6wcMzrsSBS", "uri": "/contracts/c6wcMzrsSBS#shared-employees", "label": "Separation and Distribution Agreement (Discover Financial Services)", "score": 21.0, "published": true}, {"hash": "6Sw1BL6joql", "uri": "/contracts/6Sw1BL6joql#shared-employees", "label": "Separation and Distribution Agreement (Discover Financial Services)", "score": 21.0, "published": true}], "hash": "d8d7c6a8babc8f11f27d07271cbcac94", "id": 6}, {"snippet_links": [{"key": "prior-to-the-distribution-date", "type": "clause", "offset": [6, 36]}, {"key": "required-by", "type": "definition", "offset": [55, 66]}, {"key": "administrative-services-agreements", "type": "definition", "offset": [79, 113]}, {"key": "all-actions", "type": "definition", "offset": [149, 160]}, {"key": "to-ensure", "type": "clause", "offset": [181, 190]}, {"key": "employed-by", "type": "definition", "offset": [220, 231]}, {"key": "a-service-provider", "type": "definition", "offset": [235, 253]}, {"key": "a-member-of-the", "type": "clause", "offset": [257, 272]}, {"key": "cantor-group", "type": "definition", "offset": [273, 285]}, {"key": "following-the", "type": "definition", "offset": [294, 307]}, {"key": "the-applicable", "type": "clause", "offset": [406, 420]}, {"key": "services-to-the", "type": "clause", "offset": [458, 473]}, {"key": "bgc-partners-group", "type": "definition", "offset": [474, 492]}, {"key": "newmark-group", "type": "definition", "offset": [500, 513]}, {"key": "responsible-for", "type": "clause", "offset": [633, 648]}, {"key": "services-provided-by", "type": "clause", "offset": [661, 681]}, {"key": "each-case", "type": "definition", "offset": [846, 855]}, {"key": "on-the-same-basis", "type": "definition", "offset": [902, 919]}, {"key": "members-of-the", "type": "clause", "offset": [976, 990]}, {"key": "ordinary-course", "type": "definition", "offset": [1051, 1066]}], "size": 5, "snippet": "On or prior to the Distribution Date, unless otherwise required by one or both Administrative Services Agreements, Cantor and BGC Partners will take all actions reasonably required to ensure that each Shared Employee is employed by or a service provider of a member of the Cantor Group. On and following the date on which such Shared Employee is transferred to a member of the Cantor Group, for so long as the applicable Shared Employees continue to provide services to the BGC Partners Group and/or Newmark Group, as applicable, unless otherwise required by one or both Administrative Services Agreements, (i) BGC Partners shall be responsible for the cost of services provided by Shared Employees to the BGC Partners Group and (ii) Newmark shall be responsible for the cost of services provided by Shared Employees to the Newmark Group, and in each case, the amount of such costs shall be determined on the same basis as such Liabilities have historically been allocated to members of the BGC Partners Group and Newmark Group, as applicable, in the ordinary course prior to the Distribution Date.", "samples": [{"hash": "dQsYH08fyGy", "uri": "/contracts/dQsYH08fyGy#shared-employees", "label": "Separation and Distribution Agreement (BGC Partners, Inc.)", "score": 29.9034900665, 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"type": "definition", "offset": [193, 216]}, {"key": "business-employees", "type": "definition", "offset": [229, 247]}, {"key": "in-consultation-with", "type": "definition", "offset": [249, 269]}, {"key": "seller-will", "type": "clause", "offset": [289, 300]}, {"key": "company-will", "type": "clause", "offset": [331, 343]}, {"key": "offer-employment", "type": "clause", "offset": [344, 360]}, {"key": "before-the-closing-date", "type": "clause", "offset": [382, 405]}, {"key": "provided-that", "type": "definition", "offset": [464, 477]}, {"key": "company-in", "type": "clause", "offset": [687, 697]}, {"key": "the-country", "type": "definition", "offset": [698, 709]}, {"key": "employee-works", "type": "definition", "offset": [723, 737]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [739, 758]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [982, 1004]}, {"key": "schedule-11", "type": "definition", "offset": [1005, 1016]}, {"key": "will-apply-to", "type": "clause", "offset": [1017, 1030]}, {"key": "equivalent-employees", "type": "definition", "offset": [1137, 1157]}], "size": 3, "snippet": "After the date of this Agreement, the Seller shall identify any Shared Employees who work wholly or substantially in the Business (as carried on by the Vaccines Group) but who are not Vaccines Group Company Employees or Vaccines Business Employees. In consultation with the Purchaser, the Seller will procure that a Vaccines Group Company will offer employment to any such employee before the Closing Date, to take effect from immediately before the Closing Date (provided that such employee continues to work wholly or substantially in the Business (as carried on by the Vaccines Group) until the Closing Date) or, where that is not reasonably practicable or there is no Vaccines Group Company in the country in which the employee works, the Purchaser shall treat such employee as if he or she were a Vaccines Business Employee (provided that such employee continues to work wholly or substantially in the Business (as carried on by the Vaccines Group) until the Closing Date) and the provisions of this Schedule 11 will apply to him or her and further provided, however, that these arrangements will apply to no more than 10 full time equivalent employees.", "samples": [{"hash": "dx84R3h2AJ3", "uri": "/contracts/dx84R3h2AJ3#shared-employees", "label": "Share and Business Sale Agreement (Glaxosmithkline PLC)", "score": 27.2094459534, "published": true}, {"hash": "8xak31fyiTB", "uri": "/contracts/8xak31fyiTB#shared-employees", "label": "Share and Business Sale Agreement (Novartis Ag)", "score": 27.069814682, "published": true}, {"hash": "1IUVumqlujk", "uri": "/contracts/1IUVumqlujk#shared-employees", "label": "Share and Business Sale Agreement (Glaxosmithkline PLC)", "score": 26.1553726196, "published": true}], "hash": "90c49e28fa83c27d5c1ee6bdedb8bfac", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlzaGFyZWQtZW1wbG95ZWVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["prior-to-the-distribution", "PRIOR TO THE DISTRIBUTION"], ["compliance-program", "Compliance Program"], ["affiliated-operations-plan", "Affiliated Operations Plan"], ["miscellaneous", "Miscellaneous"], ["employee-matters", "EMPLOYEE MATTERS"]], "size": 94, "children": [["sharing-of-employees-time", "Sharing of Employees' Time"], ["head-office", "Head Office"], ["boston-restaurant", "Boston  Restaurant"]], "title": "Shared Employees", "id": "shared-employees", "related": [["shift-employees", "Shift Employees", "Shift Employees"], ["newly-hired-employees", "Newly Hired Employees", "Newly Hired Employees"], ["retired-employees", "Retired Employees", "Retired Employees"], ["transferred-employees", "Transferred Employees", "Transferred Employees"], ["new-employees", "New Employees", "New Employees"]], "related_snippets": [], "updated": "2025-10-10T06:02:27+00:00", "also_ask": ["What safeguards ensure compliance with employment laws when employees are shared?", "How can liability for shared employees\u2019 actions be clearly allocated between parties?", "What are the must-have terms to address confidentiality and IP ownership for shared employees?", "How do courts assess the true employer for vicarious liability in shared employee arrangements?", "What negotiation levers exist to address cost-sharing and termination of shared employee agreements?"], "drafting_tip": "Define the roles and responsibilities of shared employees to prevent confusion; specify cost allocation to ensure fair compensation; clarify reporting lines to maintain accountability.", "explanation": "The Shared Employees clause defines the terms under which employees are jointly utilized by two or more parties, typically in a collaborative business arrangement. It outlines how responsibilities such as supervision, compensation, and benefits are divided, and may specify which party is responsible for day-to-day management or compliance with employment laws. This clause ensures clarity regarding the employment relationship, helps prevent disputes over liability or obligations, and facilitates smooth cooperation between the parties sharing personnel."}, "json": true, "cursor": ""}}