Common use of COMMON PROJECTS Clause in Contracts

COMMON PROJECTS. The parties acknowledge that certain employee benefit arrangements and responsibilities including, but not limited to, discrimination testing, may involve a commonality of interests and, accordingly, of projects and necessary services. To the extent that such common projects are performed by Seitel and Seitel cannot ascertain the precise amount of time spent in providing services to a particular party, its fees and expenses (the amount of which shall be determined under the Administrative Services Agreement) shall be apportioned on an equitable basis between Seitel and Eagle. In general, the total fees and expenses for any such common project shall be divided evenly between Seitel and Eagle unless Seitel determines and Eagle agrees that, due to such factors as the amount and complexity of the data involved, a different apportionment is more equitable.

COMMON PROJECTS. The parties acknowledge that certain employee benefit arrangements and responsibilities including, but not limited to, discrimination testing, may involve a commonality of interests and, accordingly, of projects and necessary services. To the extent that such common projects are performed by Seitel and Seitel cannot ascertain the precise amount of time spent in providing services to a particular party, its fees and expenses (the amount of which shall be determined under the Administrative Services Agreement) shall be apportioned on an equitable basis between Seitel and Eagle. In general, the total fees and expenses for any such common project shall be divided evenly between Seitel and Eagle unless Seitel determines and Eagle agrees that, due to such factors as the amount and complexity of the data involved, a different apportionment is more equitable.