Common use of Post-Termination Services Clause in Contracts

Post-Termination Services. Following a termination of this Agreement with respect to a particular Service, corporate administrative services of the kind provided under the Service Schedule may continue to be provided to Riverstone on an as-requested basis by Riverstone or as required in the event it is not practicable for Riverstone to provide such services or Riverstone is otherwise unable to identify another source to provide such services (as would be the case with administration of employee benefit plans and insurance programs sponsored by CSI and in which Riverstone's employees participate). In the event such services are provided by CSI to Riverstone, Riverstone shall be charged by CSI a fee equal to the market rate for comparable services charged by third-party vendors. CSI shall periodically provide invoices to Riverstone detailing any such charges. If, at such time, CSI is still managing an Intercompany Account for Riverstone, the charges set forth in invoices shall be posted by CSI to the Intercompany Account of Riverstone. If CSI is no longer managing Riverstone's Intercompany Account, any invoice received by Riverstone shall be payable no later than thirty (30) days after receipt. The obligations of Riverstone set forth in this Section 6.4 shall survive the termination of this Agreement.

Appears in 2 contracts

Sources: Services Agreement (Cabletron Systems Inc), Services Agreement (Riverstone Networks Inc)