Sharing Arrangement Clause Samples

Sharing Arrangement. Each of ▇▇▇▇▇, Premiere and Endeavor agrees that, notwithstanding that ▇▇▇▇▇ is a full-time employee of Premiere or the contrary provisions of the ▇▇▇▇▇ Employment Agreement, ▇▇▇▇▇ may devote up to 60% of his time (or roughly three days a week) directly to the business of Endeavor. As an employee of Premiere, ▇▇▇▇▇ shall have the title of Chairman of Orchestrate. In his service to Endeavor, ▇▇▇▇▇ may serve as a member of its Board of Directors and have the title of Vice Chairman, but shall not otherwise serve as an officer or employee of Endeavor. Without Premiere's prior written consent, in his service to Endeavor, ▇▇▇▇▇ shall not carry any title that implies that he serves as an employee of Endeavor. The Board of Directors of Endeavor shall act expeditiously to create a vacancy on the Board and to appoint ▇▇▇▇▇ to fill that vacancy as soon as possible. ▇▇▇▇▇'▇ appointment to the Board of Directors of Endeavor shall not fulfill Endeavor's obligation to appoint a Premiere designated director to the Board of Endeavor pursuant to Section 2 of the First Amendment to Restated Shareholders Agreement of Endeavor Technologies, Inc. dated December 15, 1997.
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Sharing Arrangement. Notwithstanding anything to the contrary contained in the Loan Documents, in the event of an Enforcement Action, an Insolvency Proceeding or Liquidation with respect to Borrower or any Guarantor, all Distributions received by any party to this Agreement in connection with any of the Loan Documents, including with respect to the exercise of any right of remedy from the collection or other Disposition of, or realization on any property or assets of Borrower or any Guarantor or any collateral for any of the Loan Documents, shall be applied as follows: (i) first, to the payment of all reasonable out-of-pocket costs and expenses, including attorneys’ fees (of internal and/or outside counsel), relating to such Liquidation, Insolvency Proceeding or Enforcement Action incurred by the party initiating and conducting such disposition or realization; (ii) second, fifty percent (50%) to the DB Obligations and fifty percent (50%) to the RenRe Obligations until all of the DB Obligations are paid in full; (iii) third, to amounts due and owing with respect to the RenRe Obligations until all of the RenRe Obligations are paid in full; and (iv) fourth, to Borrower or as directed by Borrower in writing or to whomever may be lawfully entitled to such Distributions or as a court of competent jurisdiction may direct.
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Sharing Arrangement. In the event that the parties determine to jointly provide on-site management services to an acute or non-acute care facility, the parties shall determine at such time the terms and conditions pursuant to which the revenues or gross profits associated with such services shall be shares between the parties.
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Related to Sharing Arrangement

  • Tax Sharing Agreement TAX SHARING AGREEMENT" means the Tax Sharing Agreement, attached as EXHIBIT F to the Separation Agreement.

  • Tax Arrangements 47.1 Where the Contractor is liable to be taxed in the UK in respect of consideration received under this contract, it shall at all times comply with the Income Tax (Earnings and ▇▇▇▇▇▇▇▇) ▇▇▇ ▇▇▇▇ (ITEPA) and all other statutes and regulations relating to income tax in respect of that consideration. 47.2 Where the Contractor is liable to National Insurance Contributions (NICs) in respect of consideration received under this Framework Agreement, it shall at all times comply with the Social Security Contributions and Benefits ▇▇▇ ▇▇▇▇ (SSCBA) and all other statutes and regulations relating to NICs in respect of that consideration. 47.3 The Authority may, at any time during the term of this Framework Agreement, request the Contractor to provide information which demonstrates how the Contractor complies with sub-clauses 47.1 and 47.2 above or why those clauses do not apply to it. 47.4 A request under sub-clause 47.3 above may specify the information which the Contractor must provide and the period within which that information must be provided.

  • Flexible Working Arrangement (a) The Parties recognise the importance of flexible working arrangements and the right of Employees to make requests under section 65 of the Fair Work Act for flexible working arrangements. An Employee may request a flexible working arrangement if any of the following circumstances apply to the Employee: (i) the Employee is pregnant; (ii) the Employee is the parent, or has responsibility for the care, of a child who is of school age or younger; (iii) the Employee is a carer (within the meaning of the Carer Recognition Act 2010); (iv) the Employee has a disability; (v) the Employee is 55 or older; (vi) the Employee is experiencing violence from a member of the Employee’s family; (vii) the Employee provides care or support to a member of the Employee’s immediate family, or a member of the Employee’s household, who requires care or support because the member is experiencing violence from the member’s family.

  • Tax Sharing Agreements All tax sharing agreements or similar agreements with respect to or involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder.

  • Shared Loss Arrangement (a) Loss Mitigation and Consideration of Alternatives. (i) For each Single Family Shared-Loss Loan in default or for which a default is reasonably foreseeable, the Assuming Institution shall undertake reasonable and customary loss mitigation efforts, in accordance with any of the following programs selected by Assuming Institution in its sole discretion, Exhibit 5 (FDIC Mortgage Loan Modification Program), the United States Treasury's Home Affordable Modification Program Guidelines or any other modification program approved by the United States Treasury Department, the Corporation, the Board of Governors of the Federal Reserve System or any other governmental agency (it being understood that the Assuming Institution can select different programs for the various Single Family Shared-Loss Loans) (such program chosen, the “Modification Guidelines”). After selecting the applicable Modification Guideline for each such Single Family Shared-Loss Loan, the Assuming Institution shall document its consideration of foreclosure, loan restructuring under the applicable Modification Guideline chosen, and short-sale (if short-sale is a viable option) alternatives and shall select the alternative the Assuming Institution believes, based on its estimated calculations, will result in the least Loss. If unemployment or underemployment is the primary cause for default or for which a default is reasonably foreseeable, the Assuming Institution may consider the borrower for a temporary forbearance plan which reduces the loan payment to an affordable level for at least six (6) months. (ii) Losses on Home Equity Loans shall be shared under the charge-off policies of the Assuming Institution’s Examination Criteria as if they were Single Family Shared-Loss Loans. (iii) Losses on Investor-Owned Residential Loans shall be treated as Restructured Loans, and with the consent of the Receiver can be restructured under terms separate from the Exhibit 5 standards. Please refer to Exhibits 2(a)(1)-(2) for guidance in Calculation of Loss for Restructured Loans. Losses on Investor-Owned Residential Loans will be treated as if they were Single Family Shared-Loss Loans. (iv) The Assuming Institution shall retain its loss calculations for the Shared Loss Loans and such calculations shall be provided to the Receiver upon request. For the avoidance of doubt and notwithstanding anything herein to the contrary, (x) the Assuming Institution is not required to modify or restructure any Shared-Loss Loan on more than one occasion and (y) the Assuming Institution is not required to consider any alternatives with respect to any Shared-Loss Loan in the process of foreclosure as of the Bank Closing if the Assuming Institution can document that a loan modification is not cost effective and shall be entitled to continue such foreclosure measures and recover the Foreclosure Loss as provided herein, and (z) the Assuming Institution shall have a transition period of up to 90 days after Bank Closing to implement the Modification Guidelines, during which time, the Assuming Institution may submit claims under such guidelines as may be in place at the Failed Bank.