Allocation of Assets. (i) Starting promptly after January 1, 2010, the CVC Actuary shall determine: (A) The MSG Allocation, which shall be determined taking into account only the Transferred CVC Cash Balance Liability; and (B) The CVC Allocation, which shall be determined taking into account only the Retained CVC Cash Balance Liability. (ii) In making the foregoing determinations, the CVC Actuary shall apply the Minimum Standards, so that the MSG Allocation and the CVC Allocation shall each comply with the regulations under Section 414(l) of the Code, and the MSG Allocation shall not exceed the amount required to comply with the Minimum Standards.
Appears in 3 contracts
Sources: Employee Matters Agreement (Cablevision Systems Corp /Ny), Employee Matters Agreement (Madison Square Garden, Inc.), Employee Matters Agreement (Madison Square Garden, Inc.)