Common use of Secondary Liability for Payment Clause in Contracts

Secondary Liability for Payment. If any Affiliate is not otherwise obligated to provide benefits to the Executive by this Agreement, then the Company shall take, and cause each such Affiliate (the “Guarantors”) to take, such actions as are necessary to cause the Guarantors to jointly and severally guarantee the payment of benefits otherwise due to the Executive under this Agreement if the Company fails to pay such benefit within thirty (30) days of the due date for such payment; provided, however, that no entity organized under the laws of any jurisdiction outside the United States shall have an obligation to enter into such guarantee. Each of the Guarantors shall be subrogated to the Executive’s rights under this Agreement to the extent of any payments by each such Guarantor to or on account of the Executive under this Section 10(e).

Secondary Liability for Payment. If any Affiliate is not otherwise obligated to provide benefits to the Executive Employee by this Agreement, then the Company shall take, and cause each such Affiliate (the “"Guarantors”") to take, such actions as are necessary to cause the Guarantors to jointly and severally guarantee the payment of benefits otherwise due to the Executive Employee under this Agreement if the Company fails to pay such benefit within thirty (30) days of the due date for such payment; provided, however, that no entity organized under the laws of any jurisdiction outside the United States shall have an obligation to enter into such guarantee. Each of the Guarantors shall be subrogated to the ExecutiveEmployee’s rights under this Agreement to the extent of any payments by each such Guarantor to or on account of the Executive Employee under this Section 10(e).

Secondary Liability for Payment. If any Affiliate is not otherwise obligated to provide benefits to the Executive Employee by this Agreement, then the Company shall take, and cause each such Affiliate (the “Guarantors”) to take, such actions as are necessary to cause the Guarantors to jointly and severally guarantee the payment of benefits otherwise due to the Executive Employee under this Agreement if the Company fails to pay such benefit within thirty (30) days of the due date for such payment; provided, however, that no entity organized under the laws of any jurisdiction outside the United States shall have an obligation to enter into such guarantee. Each of the Guarantors shall be subrogated to the ExecutiveEmployee’s rights under this Agreement to the extent of any payments by each such Guarantor to or on account of the Executive Employee under this Section 10(e).