Common use of Severance of Personnel Clause in Contracts

Severance of Personnel. In the event that (a) this Agreement is terminated by Clients, including, but not limited to, termination pursuant to Section 10.1(c) below, (b) Client suspend their flights of the Aircraft for a period longer than three (3) months, or (c) this Agreement is not renewed in accordance with its terms, then Clients shall be responsible to reimburse MSG for any amounts paid to Personnel in accordance with MSG’s then effective severance policy whose employment by MSG is terminated as a result thereof. The provisions of this Section 8.6 will survive the termination or expiration of this Agreement.

Appears in 4 contracts

Samples: Aircraft Support Services Agreement (MSGE Spinco, Inc.), Aircraft Support Services Agreement (MSG Entertainment Spinco, Inc.), Aircraft Support Services Agreement (MSG Entertainment Spinco, Inc.)

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Severance of Personnel. In the event that (a) this Agreement is terminated by ClientsClient, including, but not limited to, termination pursuant to Section 10.1(c) below, (b) Client suspend their suspends its flights of the Aircraft for a period longer than three (3) months, or (c) this Agreement is not renewed in accordance with its terms, then Clients Client shall be responsible to reimburse MSG for any amounts paid to Personnel in accordance with MSG’s then effective severance policy whose employment by MSG is terminated as a result thereof. The provisions of this Section 8.6 will survive the termination or expiration of this Agreement.

Appears in 3 contracts

Samples: Aircraft Support Services Agreement (MSG Entertainment Spinco, Inc.), Aircraft Support Services Agreement (MSG Entertainment Spinco, Inc.), Aircraft Support Services Agreement (Madison Square Garden Co)

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Severance of Personnel. In the event that (a) this Agreement is terminated by ClientsClient, including, but not limited to, termination pursuant to Section 10.1(c10.1(d) below, (b) Client suspend their suspends its flights of the Aircraft for a period longer than three (3) months, or (c) this Agreement is not renewed in accordance with its terms, then Clients Client shall be responsible to reimburse MSG for any amounts paid to Personnel in accordance with MSG’s then effective severance policy whose employment by MSG is terminated as a result thereof. The provisions of this Section 8.6 will survive the termination or expiration of this Agreement.

Appears in 1 contract

Samples: Aircraft Support Services Agreement (Madison Square Garden Co)

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