Employee Cost Sharing Agreement definition

Employee Cost Sharing Agreement means that certain Employee Cost Sharing Agreement, dated as of December 31, 2003, by and among Dex Media Services LLC, Parent, the Borrower and the East Borrower.

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Employee Cost Sharing Agreement means an agreement satisfactory in form and substance to, and approved by, the Initial Lenders, to be entered into by the Borrower, the Phase II Borrower and the Employee Company, if required by Section 6.23, (i) providing for the payment or reimbursement by the Borrower or the Phase II Borrower of the out-of-pocket costs and expenses (including salaries, bonuses and benefit costs) of the Employee Company attributable to employees providing services to or for the benefit of the Borrower and its subsidiaries or the Phase II Borrower and its subsidiaries, respectively (including the fairly allocable portion of costs with respect to employees providing services both to the Borrower and its subsidiaries and to the Phase II Borrower and its subsidiaries) and (ii) setting forth agreements between the Borrower, the Phase II Borrower and the Employee Company with respect to other employee arrangements, including equity-based compensation plans and the transfer of employees to the Borrower under certain circumstances.

Employee Cost Sharing Agreement has the meaning set forth in the recitals.

Examples of Employee Cost Sharing Agreement in a sentence

• In the event of any bankruptcy or insolvency of the East Borrower while the Employee Cost Sharing Agreement is in effect, the Borrower will, unless the Required Lenders otherwise consent, use its commercially reasonable efforts (including by exercising such rights as are legally available to it under such agreement) to directly employ all Associated Employees as soon as practicable.

• In the event of any bankruptcy or insolvency of the West Borrower while the Employee Cost Sharing Agreement is in effect, the Borrower will, unless the Required Lenders otherwise consent, use its commercially reasonable efforts (including by exercising such rights as are legally available to it under such agreement) to directly employ all Associated Employees as soon as practicable.

• The agreement Employee Cost Sharing Agreement - Dex Media Service LLC Aug 19, 2002 · dated as of September 9, 2003 (the "Shared Services and.

More Definitions of Employee Cost Sharing Agreement

Employee Cost Sharing Agreement means an agreement satisfactory in form and substance to, and approved by, the Initial Lenders, to be entered into by the Borrower, the East Borrower and the Employee Company, if required by Section 6.21, (i) providing for the payment or reimbursement by the Borrower or the East Borrower of the out-of-pocket costs and expenses (including salaries, bonuses and benefit costs) of the Employee Company attributable to employees providing services to or for the benefit of the East Borrower and its subsidiaries or the Borrower and its subsidiaries, respectively (including the fairly allocable portion of costs with respect to employees providing services both to the East Borrower and its subsidiaries and to the Borrower and its subsidiaries) and (ii) setting forth agreements between the East Borrower, the Borrower and the Employee Company with respect to other employee arrangements, including equity-based compensation plans and the transfer of employees to the Borrower under certain circumstances.

Employee Cost Sharing Agreement means that certain Employee Cost Sharing Agreement dated as of July 1, 1993 between IMC and the Managing Partner.