Shared Executives Sample Clauses

Shared Executives. For purposes of this Agreement, for so long as any executive is employed by both CVC and MSG, such executive shall be considered to be a CVC Employee with respect to all amounts and awards outstanding as of the Distribution Date. MSG shall not be responsible for any costs associated with any annual or long-term cash or equity incentive award outstanding as of the Distribution Date with respect to any such executive.

Shared Executives. (i) For purposes of this Agreement, for so long as any executive is employed by both CVC and AMC, such executive shall be considered to be a CVC Employee with respect to all amounts and awards outstanding as of the Distribution Date. AMC shall not be responsible for any costs associated with any annual or long-term cash or equity incentive award outstanding as of the Distribution Date with respect to any such executive. (ii) To the extent an executive is employed by both CVC and AMC and receives any life, accidental death and dismemberment or business travel accident insurance benefits through each employer from the same insurance carrier that are subject to an aggregate cap, CVC will have full responsibility for any Liabilities associated with such benefits. Notwithstanding the foregoing, in the event that CVC and AMC no longer use the same carrier for such benefits, CVC and AMC will each be responsible for any Liabilities associated with insurance benefits provided by CVC or AMC, as applicable.

Shared Executives. As of the Effective Time, the marketing and sales ----------------- executives of Intek listed on Exhibit C ("Shared Executives") shall allocate a --------- ----------------- specified percentage of their time to Company ("Spider Time"). The Shared ----------- Executives shall remain employees of Provider and thus shall be paid their salary by Provider and receive their benefits directly from Provider. Company shall reimburse Provider for the Shared Executives' out-of-pocket travel and entertainment expenses while performing work for Company, so long as those expenses and documentation thereof are in accordance with Company's policies as reported by Company to Provider from time to time. If Provider finds those policies unreasonable, Provider and Company will arrange for direct payment by Company of all expenses. By the twentieth (20/th/) day of each month, Provider shall send to Company an invoice for monthly aggregate charges for the Shared Executives ("Aggregate Charges") which shall equal one-twelfth (1/12) of the aggregate of each Shared Executive's fully loaded total annual cost of employment including salary, benefits and overhead (but excluding stock options or stock grants) to Provider multiplied by the Spider Time provided on Exhibit C. On a quarterly basis beginning January 1, 2000, Provider and Company --------- shall review the Spider Time and if the actual costs for salary, benefits and overhead on an aggregate basis for the Shared Executives are more or less than ten percent (10%) of the Allocated Charges, the Allocated Charges shall be appropriately adjusted to reflect the actual costs. Nothing in this Agreement requires the Company to retain any Shared Executives in the service of Intek or hire a person to perform the services of any Shared Executive who is no longer a Company Employee.