Document:

exv10w2

Exhibit 10.2

TAX DISAFFILIATION AGREEMENT

BETWEEN

CABLEVISION SYSTEMS CORPORATION

AND

AMC NETWORKS INC.

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. Definition of Terms
	 	 	1	 
	 
	 	 	 	 
	SECTION 2. Allocation of Taxes and Tax-Related Losses
	 	 	9	 
	 
	 	 	 	 
	2.1 Allocation of Taxes
	 	 	9	 
	2.2 Allocation of Deconsolidation Taxes, Distribution Taxes and Transfer Taxes
	 	 	9	 
	2.3 Tax Payments
	 	 	10	 
	 
	 	 	 	 
	SECTION 3. Preparation and Filing of Tax Returns
	 	 	10	 
	 
	 	 	 	 
	3.1 Combined Returns
	 	 	10	 
	3.2 Separate Returns
	 	 	10	 
	3.3 Agent
	 	 	10	 
	3.4 Provision of Information
	 	 	10	 
	3.5 Special Rules Relating to the Preparation of Tax Returns
	 	 	11	 
	3.6 Refunds, Credits or Offsets
	 	 	11	 
	3.7 Carrybacks
	 	 	12	 
	3.8 Amended Returns
	 	 	12	 
	3.9 Compensatory Equity Interests
	 	 	12	 
	 
	 	 	 	 
	SECTION 4. Tax Payments
	 	 	12	 
	 
	 	 	 	 
	4.1 Payment of Taxes to Tax Authority
	 	 	12	 
	4.2 Indemnification Payments
	 	 	12	 
	4.3 Interest on Late Payments
	 	 	12	 
	4.4 Tax Consequences of Payments
	 	 	13	 
	4.5 Section 336(e) Election
	 	 	13	 
	4.6 Certain Final Determinations
	 	 	13	 
	 
	 	 	 	 
	SECTION 5. Cooperation and Tax Contests
	 	 	13	 
	 
	 	 	 	 
	5.1 Cooperation
	 	 	13	 
	5.2 Notices of Tax Contests
	 	 	13	 
	5.3 Control of Tax Contests
	 	 	14	 
	5.4 Cooperation Regarding Tax Contests
	 	 	14	 
	 
	 	 	 	 
	SECTION 6. Tax Records
	 	 	14	 
	 
	 	 	 	 
	6.1 Retention of Tax Records
	 	 	14	 
	6.2 Access to Tax Records
	 	 	15	 
	6.3 Confidentiality
	 	 	15	 
	 
	 	 	 	 
	SECTION 7. Representations and Covenants
	 	 	15	 
	 
	 	 	 	 
	7.1 Covenants of Cablevision and AMC
	 	 	15	 
	7.2 Private Letter Ruling
	 	 	15	 
	7.3 Covenants of AMC
	 	 	16	 
	7.4 Covenants of Cablevision
	 	 	16	 
	7.5 Exceptions
	 	 	17	 
	7.6 Injunctive Relief
	 	 	17	 

i

 

	 	 	 	 	 
	 	 	Page	 
	7.7 Further Assurances
	 	 	17	 
	 
	 	 	 	 
	SECTION 8. General Provisions
	 	 	17	 
	 
	 	 	 	 
	8.1 Predecessors or Successors
	 	 	18	 
	8.2 Construction
	 	 	18	 
	8.3 Ancillary Agreements
	 	 	18	 
	8.4 Counterparts
	 	 	18	 
	8.5 Notices
	 	 	18	 
	8.6 Amendments
	 	 	18	 
	8.7 Assignment
	 	 	18	 
	8.8 Successors and Assigns
	 	 	19	 
	8.9 Change in Law
	 	 	19	 
	8.10 Authorization, Etc.
	 	 	19	 
	8.11 Termination
	 	 	19	 
	8.12 Subsidiaries
	 	 	19	 
	8.13 Third-Party Beneficiaries
	 	 	19	 
	8.14 Titles and Headings
	 	 	19	 
	8.15 Governing Law
	 	 	19	 
	8.16 Waiver of Jury Trial
	 	 	19	 
	8.17 Severability
	 	 	19	 
	8.18 No Strict Construction; Interpretation
	 	 	19	 

ii

 

TAX DISAFFILIATION AGREEMENT

     THIS
TAX DISAFFILIATION AGREEMENT (the “Agreement”) is
dated as of June
_______, 2011 by and between
Cablevision Systems Corporation, a Delaware corporation (“Cablevision”), and AMC Networks Inc., a
Delaware corporation and a wholly-owned subsidiary of Cablevision (“AMC” and, together with
Cablevision, the “Parties”). Unless otherwise indicated, all “Section” references in this Agreement
are to sections of the Agreement.

RECITALS

     WHEREAS, the Board of Directors of Cablevision determined that, based on the Corporate
Business Purposes, it is in the best interests of Cablevision and its stockholders to separate the
businesses of AMC, all as more fully described in AMC’s registration statement on Form 10, from
Cablevision’s other businesses on the terms and conditions set forth in the Distribution Agreement
between Cablevision and AMC dated on or about the date hereof (the “Distribution Agreement”);

     WHEREAS, the Board of Directors of CSC Holdings, LLC (“CSC”) authorized the distribution to
Cablevision, as the sole stockholder of CSC, of all the AMC Common Stock (the “CSC Distribution”)
and has determined that, based on the Corporate Business Purposes, the CSC Distribution, including
the Debt Exchange (as defined below), is in the best interests of CSC and its stockholder and has
approved the Distribution Agreement;

     WHEREAS, the Board of Directors of Cablevision has authorized the distribution to the holders
of the issued and outstanding shares of NY Group Class A Common Stock, par value $0.01 per share,
of Cablevision (“Cablevision Class A Stock”) and NY Group Class B Common Stock, par value $0.01 per
share, of Cablevision (“Cablevision Class B Stock” and, together with the Cablevision Class A
Stock, the “Cablevision Common Stock”), as of the record date for the distribution, of all the
issued and outstanding shares of Class A common stock, par value $0.01 per share, of AMC (the “AMC
Class A Common Shares”) and Class B common stock, par value $0.01 per share, of AMC (the “AMC Class
B Common Shares”) (each such AMC Class A Common Share and AMC Class B Common Share is individually
referred to as an “AMC Share” and collectively referred to as the “AMC Shares”), respectively, on
the basis of one AMC Share for each [•] shares of Cablevision Common Stock, and to distribute
certain obligations of AMC in exchange for certain obligations of CSC pursuant to the Debt
Exchange, as defined below (such steps collectively, the “Distribution”);

     WHEREAS, Cablevision intends the Distribution to qualify as a tax-free transaction described
under Sections 368(a)(1)(D), 355, and 361 of the Code;

     WHEREAS, the Boards of Directors of Cablevision and AMC have each determined that the
Distribution and the other transactions contemplated by the Distribution Agreement, and the
Ancillary Agreements (as defined below) are in furtherance of and consistent with the Corporate
Business Purposes and, as such, are in the best interests of their respective companies and
stockholders or sole stockholder, as applicable, and have approved the Distribution Agreement, and
each of the Ancillary Agreements;

     WHEREAS, the Parties set forth in the Distribution Agreement the principal arrangements
between them regarding the separation of the AMC Group from the Cablevision Group; and

     WHEREAS, the Parties desire to provide for and agree upon the allocation between the Parties
of liabilities for Taxes arising prior to, as a result of, and subsequent to the Distribution, and
to provide for and agree upon other matters relating to Taxes.

     NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement, the
Parties hereby agree as follows:

     SECTION 1. Definition of Terms. For purposes of this Agreement (including the recitals
hereof), the following terms have the following meanings:

 

 

     “Affiliate” means, when used with respect to any specified Person, a Person that directly or
indirectly Controls, is Controlled by, or is under common Control with such specified Person.
Unless explicitly provided herein to the contrary, (x) neither Cablevision nor any member of the
Cablevision Group shall be deemed to be an Affiliate of AMC or any of its Subsidiaries; (y) neither
AMC nor any member of the AMC Group shall be deemed to be an Affiliate of Cablevision or any of its
Subsidiaries; and (z) neither MSG nor any member of the MSG Group shall be deemed to be an
Affiliate of Cablevision (or any of its Subsidiaries) or of AMC (or any of its Subsidiaries).

     “Agreement” has the meaning set forth in the preamble hereof.

     “AMC” has the meaning set forth in the preamble hereof.

     “AMC Business” means the “IFC Business” as set forth in the Ruling Request that constitutes an
active trade or business, within the meaning of Section 355(b) of the Code, of the separate
affiliated group of AMC, as determined in the Ruling.

	 	 	“AMC Class A Common Shares” has the meaning set forth in the recitals to this
Agreement.

     “AMC Class B Common Shares” has the meaning set forth in the recitals to this Agreement.

     “AMC Management Fee Agreement” means that certain Consulting Agreement, dated as of March 29,
2001, among CSC, American Movie Classics Company, and WE: Women’s Entertainment LLC.

     “AMC Group” means (x) with respect to any Tax Year (or portion thereof) ending at or before
the Effective Time, AMC and each of its Subsidiaries at the Effective Time; and (y) with respect to
any Tax Year (or portion thereof) beginning after the Effective Time, AMC and each Subsidiary of
AMC (but only while such Subsidiary is a Subsidiary of AMC).

     “AMC Indemnified Party” includes each member of the AMC Group, each of their representatives
and Affiliates, each of their respective directors, officers, managers and employees, and each of
their heirs, executors, trustees, administrators, successors and assigns.

     “AMC Shares” has the meaning set forth in the recitals to this Agreement.

     “AMC Tainting Act” means a breach of the covenant made by AMC in Section 7.1 of this Agreement
or the taking of a Restricted Action, if as a result of such breach or taking of a Restricted
Action a Final Determination is made that the Contribution and Distribution failed to be tax-free
by reason of (i) failing to qualify as a distribution described in Sections 355 and 368(a)(1)(D) of
the Code, (ii) any stock or obligations (including, for the avoidance of doubt, the Senior Notes
and the Term Loan B) of AMC failing to qualify as “qualified property” within the meaning of
Section 355(c)(2) of the Code or, where applicable, failing to be stock or securities permitted to
be received without recognition of gain or loss under Section 361(a) of the Code, or (iii) the
application of Sections 355(d) or 355(e) of the Code to the Distribution.

	 	 	“Ancillary Agreements” means the agreements encompassed by such term in the Distribution
Agreement.

     “Business Day” has the meaning set forth in the Distribution Agreement.

	 	 	“Cablevision” has the meaning set forth in the preamble hereof.

     “Cablevision Business” means such cable video business as set forth in the Ruling Request that
constitutes an active trade or business, within the meaning of Section 355(b) of the Code, of the
separate affiliated group of Cablevision, as determined in the Ruling.

2

 

     “Cablevision Class A Common Stock” has the meaning set forth in the recitals to this
Agreement.

     “Cablevision Class B Common Stock” has the meaning set forth in the recitals to this
Agreement.

     “Cablevision Common Stock” has the meaning set forth in the recitals to this Agreement.

     “Cablevision Group” means Cablevision and each Subsidiary of Cablevision (but only while such
Subsidiary is a Subsidiary of Cablevision) other than any Person that is a member of the AMC Group
(but only during the period such Person is treated as a member of the AMC Group).

     “Cablevision Indemnified Party” includes each member of the Cablevision Group, each of their
representatives and Affiliates, each of their respective directors, officers, managers and
employees, and each of their heirs, executors, trustees, administrators, successors and assigns.

     “Cablevision Tainting Act” means any breach of a representation or covenant made by
Cablevision in Section 7.1 or Section 7.4 of this Agreement, if as a result of such breach a Final
Determination is made that the Contribution and Distribution failed to be tax-free by reason of (i)
failing to qualify as a distribution described in Sections 355 and 368(a)(1)(D) of the Code, (ii)
any stock or obligations (including, for the avoidance of doubt, the Senior Notes and the Term Loan
B) of AMC failing to qualify as “qualified property” within the meaning of Section 355(c)(2) of the
Code or, where applicable, failing to be stock or securities permitted to be received without
recognition of gain or loss under Section 361(a) of the Code, or (iii) the application of Sections
355(d) or 355(e) of the Code to the Distribution.

     “Code” means the U.S. Internal Revenue Code of 1986, as amended.

     “Combined Return” means a consolidated, combined or unitary Tax Return that includes, by
election or otherwise, one or more members of the Cablevision Group and one or more members of the
AMC Group.

     “Companies” means Cablevision and AMC.

     “Company” means Cablevision or AMC, as the context requires.

     “Compensatory Equity Interests” means options, stock appreciation rights, restricted stock,
restricted stock units or other rights with respect to Cablevision Common Stock or AMC Shares that
are granted by Cablevision, AMC or any of their respective Subsidiaries in connection with employee
or director compensation or other employee benefits.

     “Compensatory Equity Net Share Settlements” means “net share settlement” transactions with
respect to Compensatory Equity Interests between either Party (or any of their respective
Subsidiaries) on the one hand and the employee (or director, as the case may be) of such Party or
the other Party (or any of their respective Subsidiaries) on the other hand, in each case pursuant
to the terms of the relevant agreement with respect to such Compensatory Equity Interests.

     “Contribution” means the contribution by Cablevision (through entities disregarded as separate
from Cablevision for U.S. federal tax purposes) to AMC of all of the membership interests of
Rainbow Media Holdings LLC, a Delaware limited liability company, in exchange for the AMC Shares,
obligations of AMC (including the Senior Notes and the Term Loan B), termination of the AMC
Management Fee Agreement and the potential assumption of liabilities by AMC.

     “Control” means, with respect to any Person, the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of such Person, whether
through ownership of securities or

3

 

partnership, membership, limited liability company, or other ownership interests, by contract
or otherwise and the terms “Controlling” and “Controlled” have meanings correlative to the
foregoing.

     “Controlling Party” means, with respect to a Tax Contest, the Person that has responsibility,
control and discretion in handling, defending, settling or contesting such Tax Contest.

     “Corporate Business Purposes” means the Corporate Business Purposes as set forth in the Tax
Opinion Representations and the “Reasons for the Distribution” in AMC’s registration statement on
Form 10.

     “Covered Income Taxes” means any Income Taxes other than New York City Unincorporated Business
Tax as currently imposed by Section 11-503 of the New York City Administrative Code or any
successor thereto.

     “Credit Agreement” means the Credit Agreement dated as of [•] entered into by AMC.

     “CSC” has the meaning set forth in the recitals to this Agreement.

     “CSC Distribution” has the meaning set forth in the recitals to this Agreement.

     “Debt Exchange” shall mean the exchange of the Senior Notes and the Term Loan B for
obligations of [•] as set forth in one or more agreements titled [•] entered into [on or about the
date hereof].

     “Deconsolidation Taxes” means any Taxes imposed on any member of the Cablevision Group or the
AMC Group as a result of or in connection with the Contribution and the Distribution (or any
portion thereof), including, but not limited to, any Taxes imposed pursuant to or as a result of
Section 311 or 1502 of the Code or the Treasury Regulations thereunder (and under any applicable
similar state, local or foreign law), but excluding any Transfer Taxes and Distribution Taxes.

     “Disclosing Party” has the meaning set forth in Section 6.3.

     “Distribution” has the meaning set forth in the recitals hereof.

     “Distribution Agreement” has the meaning set forth in the recitals hereof.

     “Distribution Date” means the date on which the Distribution occurs.

     “Distribution Taxes” means any Taxes arising from a Final Determination that the Contribution
and Distribution failed to be tax-free to Cablevision in accordance with the requirements of
Section 355 or 368(a)(1)(D) of the Code (including any Taxes resulting from the application of
Section 355(d) or (e) to the Distribution), or that any stock or obligations (including, for the
avoidance of doubt, the Senior Notes and the Term Loan B) of AMC failed to qualify as “qualified
property” within the meaning of Section 355(c)(2) of the Code or, where applicable, failed to be
stock or securities permitted to be received without recognition of gain or loss under Section
361(a) of the Code, and shall include any Taxes resulting from an election under Section 336(e) of
the Code in the circumstances set forth in Section 4.5 hereof.

     “Due Date” has the meaning set forth in Section 4.3.

     “Effective Time” shall mean 11:59 p.m., New York City time, on the Distribution Date.

     “Employee Matters Agreement” means the Employee Matters Agreement by and between Cablevision
and AMC entered into on or about the date hereof.

4

 

     “Excess Taxes” means the excess of (x) the Taxes for which Cablevision Group is liable if an
election is made pursuant to Section 336(e) of the Code under Section 4.5 of this Agreement,
over (y) the Taxes for which Cablevision Group is liable if such an election is not made,
in each case taking into account the allocation of Taxes that is otherwise applicable in this
Agreement but without regard to Section 4.5 hereof.

     “Expert Law Firm” means a law firm nationally recognized for its expertise in the matter for
which its opinion is sought.

     “Fifty-Percent Equity Interest” means, in respect of any corporation (within the meaning of
the Code), stock or other equity interests of such corporation possessing (i) at least fifty
percent (50%) of the total combined voting power of all classes of stock or equity interests
entitled to vote, or (ii) at least fifty percent (50%) of the total value of shares of all classes
of stock or of the total value of all equity interests.

     “Final Determination” means a determination within the meaning of Section 1313 of the Code or
any similar provision of state or local Tax Law.

     “Group” means the Cablevision Group or the AMC Group, as the context requires.

     “Income Taxes” means any Tax which is based upon, measured by, or calculated with respect to
(i) net income or profits (including, but not limited to, any capital gains, gross receipts, value
added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise,
doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based,
by which it may be measured, or with respect to which it may be calculated is described in clause
(i) of this sentence.

     “Indemnified Party” shall mean each AMC Indemnified Party and each Cablevision Indemnified
Party, as the context requires.

     “Indemnifying Party” has the meaning set forth in Section 4.4.

     “Indenture” means the [Indenture] dated as of [•] among [AMC and other parties].

     “Interest Rate” means the Rate determined below, as adjusted as of each Interest Rate
Determination Date. The “Rate” means, with respect to each period between two consecutive Interest
Rate Determination Dates, a rate determined at approximately 11:00 a.m., New York time, two
Business Days before the first Interest Rate Determination Date equal to: (x) the sum of (i) the
six-month dollar LIBOR rate as displayed on page “LR” of Bloomberg (or such other appropriate page
as may replace such page), plus (ii) 2%, or (y) if higher and if with respect to a
payment to indemnify for a Tax to which the “large corporate underpayment” provision within the
meaning of Section 6621(c) applies, such interest rate that would be applicable at such time to
such “large corporate underpayment.”

     “Interest Rate Determination Date” means the Due Date and each March 31, June 30, September 30
and December 31 thereafter.

	 	 	“IRS” means the Internal Revenue Service.

     “MSG” and “MSG Group” have the meanings set forth for such terms, respectively, in the MSG
TDA.

     “MSG Taxes” means any (i) Taxes described in Section 2.1(b) of the MSG TDA (as qualified by
Section 2.1(c) thereof) or (ii) any “Deconsolidation Taxes” or “Distribution Taxes” as defined in
the MSG TDA (in each case under this clause (ii), for the avoidance of doubt, as such Taxes relate
to the MSG Transaction).

5

 

     “MSG TDA” means that certain Tax Disaffiliation Agreement dated January 12, 2011 between
Cablevision Systems Corporation and Madison Square Garden, Inc.

     “MSG Transaction” means the “Distribution” as set forth in the MSG TDA.

     “Non-Controlling Party” has the meaning set forth in Section 5.3(a).

     “Non-Preparer” means any Company that is not responsible for the preparation and filing of the
applicable Tax Return pursuant to Sections 3.1 or 3.2.

     “Parties” has the meaning set forth in the preamble hereof.

     “Payment Date” means (x) with respect to any U.S. federal income tax return, the date on which
any required installment of estimated taxes determined under Section 6655 of the Code is due, the
date on which (determined without regard to extensions) filing the return determined under Section
6072 of the Code is required, and the date the return is filed, and (y) with respect to any other
Tax Return, the corresponding dates determined under the applicable Tax Law.

     “Permitted Acquisition” means any acquisition (as a result of the Distribution) of AMC Shares
solely by reason of holding Cablevision Common Stock, but does not include such an acquisition if
such Cablevision Common Stock, before such acquisition, was itself acquired in a manner to which
the flush language of Section 355(e)(3)(A) of the Code applies (thus causing, for the avoidance of
doubt, Section 355(e)(3)(A)(i), (ii), (iii) or (iv) not to apply).

     “Person” means any individual, corporation, company, partnership, trust, incorporated or
unincorporated association, joint venture or other entity of any kind.

     “Post-Distribution Period” means any Tax Year or other taxable period beginning after the
Distribution Date and, in the case of any Straddle Period, that part of the Tax Year or other
taxable period that begins at the beginning of the day after the Distribution Date.

     “Pre-Distribution Period” means any Tax Year or other taxable period that ends on or before
the Distribution Date and, in the case of any Straddle Period, that part of the Tax Year or other
taxable period through the end of the day on the Distribution Date.

     “Preparer” means the Company that is responsible for the preparation and filing of the
applicable Tax Return pursuant to Sections 3.1 or 3.2.

     “Receiving Party” has the meaning set forth in Section 6.3.

     “Residual Taxes” means all Taxes other than Covered Income Taxes.

     “Restricted Action” means any action by AMC or any of its Subsidiaries inconsistent with the
covenants set forth in Section 7.3; and, for the avoidance of doubt, an action shall be and remain
a Restricted Action even if AMC or any of its Subsidiaries is permitted to take such an action
pursuant to Section 7.5.

     “Restriction Period” means the period beginning on the Distribution Date and ending
twenty-four (24) months after the Distribution Date.

     “Ruling” means the private letter ruling that was issued to Cablevision in response to the
Ruling Request.

6

 

     “Ruling Request” means the request for ruling in connection with the Distribution filed by
Cablevision with the IRS, as amended or supplemented, including any appendices and exhibits
attached thereto or included therewith and including so much of the pre-submission materials
submitted by Cablevision to the IRS, as relate to the Distribution, and including,
for the avoidance of doubt, the communication with the IRS set forth in Annex 2 to the Tax Opinion.

     “Satisfactory Guidance” means either a ruling from the IRS or an Unqualified Opinion, in
either case reasonably satisfactory to Cablevision in both form and substance.

     “Senior Notes” means the Senior Notes issued under the [Indenture].

     “Separate Return” means (a) in the case of any Tax Return required under relevant Tax Law to
be filed by any member of the Cablevision Group (including any consolidated, combined or unitary
Tax Return), any such Tax Return that does not include any member of the AMC Group, and (b) in the
case of any Tax Return required under relevant Tax Law to be filed by any member of the AMC Group
(including any consolidated, combined or unitary Tax Return), any such Tax Return that does not
include any member of the Cablevision Group.

     “Straddle Period” means any taxable period beginning on or prior to, and ending after, the
Distribution Date.

     “Subsidiary” when used with respect to any Person, means (i)(A) a corporation a majority in
voting power of whose share capital or capital stock with voting power, under ordinary
circumstances, to elect directors is at the time, directly or indirectly, owned by such Person, by
one or more Subsidiaries of such Person, or by such Person and one or more Subsidiaries of such
Person, whether or not such power is subject to a voting agreement or similar encumbrance, (B) a
partnership or limited liability company in which such Person or a Subsidiary of such Person is, at
the date of determination, (1) in the case of a partnership, a general partner of such partnership
with the power affirmatively to direct the policies and management of such partnership or (2) in
the case of a limited liability company, the managing member or, in the absence of a managing
member, a member with the power affirmatively to direct the policies and management of such limited
liability company, or (C) any other Person (other than a corporation) in which such Person, one or
more Subsidiaries of such Person or such Person and one or more Subsidiaries of such Person,
directly or indirectly, at the date of determination thereof, has or have (1) the power to elect or
direct the election of a majority of the members of the governing body of such Person, whether or
not such power is subject to a voting agreement or similar encumbrance, or (2) in the absence of
such a governing body, at least a majority ownership interest or (ii) any other Person of which an
aggregate of 50% or more of the equity interests are, at the time, directly or indirectly, owned by
such Person and/or one or more Subsidiaries of such Person.

     “Tax” or “Taxes” means any income, gross income, gross receipts, profits, capital stock,
franchise, withholding, payroll, social security, workers’ compensation, employment, unemployment,
disability, property, ad valorem, stamp, excise, severance, occupation, service, sales, use,
license, lease, transfer, import, export, value added, alternative minimum, estimated or other
similar tax (including any fee, assessment, or other charge in the nature of or in lieu of any tax)
imposed by any Tax Authority, any liability attributable to any escheat, abandoned, or unclaimed
property law, and any interest, penalties, additions to tax, or additional amounts in respect of
the foregoing, together with any reasonable expenses, including attorneys’ fees, incurred in
defending against any such Tax.

     “Tax Adjustment” has the meaning set forth in Section 4.6.

     “Tax Authority” means, with respect to any Tax, the governmental entity or political
subdivision, agency, commission or authority thereof that imposes such Tax, and the agency,
commission or authority (if any) charged with the assessment, determination or collection of such
Tax for such entity or subdivision.

7

 

     “Tax Benefit” means a reduction in the Tax liability of a taxpayer (or of the affiliated group
of which it is a member) for any taxable period. Except as otherwise provided in this Agreement, a
Tax Benefit shall be deemed to have been realized or received from a Tax Item in a taxable period
only if and to the extent that the Tax liability of the taxpayer (or of the affiliated group of
which it is a member) for such period, after taking into account the effect of the Tax Item on the
Tax liability of such taxpayer in the current period and all prior periods, is less than it would
have been if such Tax liability were determined without regard to such Tax Item.

     “Tax Contest” means an audit, review, examination, or any other administrative or judicial
proceeding with the purpose, potential or effect of redetermining Taxes of any member of either
Group (including any administrative or judicial review of any claim for refund).

     “Tax Counsel” means Sullivan & Cromwell LLP.

     “Tax-Free Status” means the qualification of the Contribution and Distribution (a) as a
transaction described in Sections 355(a) and 368(a)(1)(D) of the Code and (b) as a transaction in
which the stock and obligations distributed thereby are “qualified property” for purposes of
Section 361(c) of the Code.

     “Tax Item” means, with respect to any Tax, any item of income, gain, loss, deduction, credit
or other attribute that may have the effect of increasing or decreasing any Tax.

     “Tax Law” means the law of any governmental entity or political subdivision thereof, and any
controlling judicial or administrative interpretations of such law, relating to any Tax.

     “Tax Opinion” means the opinion to be delivered by Tax Counsel to Cablevision in connection
with the Distribution to the effect that (i) the Contribution and Distribution, taken together,
will qualify as a reorganization under Section 368(a)(1)(D) of the Code, (ii) neither Cablevision
nor AMC will recognize gain or loss upon the Contribution, (iii) Cablevision will not recognize
gain or loss upon the Distribution under Section 361(c) of the Code except in respect of (a) deductions attributable to any obligations of [•] redeemed in the Debt Exchange at a premium,
(b) income attributable to any obligations of [•] redeemed in the Debt Exchange at a discount, and
(c) interest expense accrued in respect of any obligations of [•], and
 (iv) shareholders of Cablevision
will not recognize gain or loss upon the Distribution under Section 355(a) of the Code, and no
amount will be included in such shareholders’ income, except in respect of cash received in lieu of
fractional shares of AMC.

     “Tax Opinion Representations” means the representations made to Tax Counsel in connection with
the Tax Opinion.

     “Tax Records” means Tax Returns, Tax Return work papers, documentation relating to any Tax
Contests, and any other books of account or records required to be maintained under applicable Tax
Laws (including but not limited to Section 6001 of the Code) or under any record retention
agreement with any Tax Authority.

     “Tax Return” means any report of Taxes due, any claims for refund of Taxes paid, any
information return with respect to Taxes, or any other similar report, statement, declaration, or
document filed or required to be filed (by paper, electronically or otherwise) under any applicable
Tax Law, including any attachments, exhibits, or other materials submitted with any of the
foregoing, and including any amendments or supplements to any of the foregoing.

     “Tax Year” means, with respect to any Tax, the year, or shorter period, if applicable, for
which the Tax is reported as provided under applicable Tax Law.

     “Term Loan B” shall have the meaning set forth in the Credit Agreement.

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     “Transfer Taxes” means all U.S. federal, state, local or foreign sales, use, privilege,
transfer, documentary, gains, stamp, duties, recording, and similar Taxes and fees (including any
penalties, interest or additions thereto) imposed upon any Party hereto or any of its Affiliates in
connection with the Distribution.

     “Treasury Regulations” means the regulations promulgated from time to time under the Code as
in effect for the relevant Tax Year.

     “Unqualified Opinion” means an unqualified “will” opinion of an Expert Law Firm that permits
reliance by Cablevision. For the avoidance of doubt, an Unqualified Opinion may be based on
factual representations and assumptions that are reasonably satisfactory to Cablevision.

     SECTION 2. Allocation of Taxes and Tax-Related Losses.

     2.1 Allocation of Taxes. Except as provided in Section 2.2 (Allocation of Deconsolidation
Taxes, Distribution Taxes and Transfer Taxes), Taxes shall be allocated as follows:

     (a) Cablevision shall be liable for and shall be allocated (i) any Taxes attributable
to members of the Cablevision Group for all periods, (ii) any Covered Income Taxes
attributable to members of the AMC Group for a Pre-Distribution Period, and (iii) for the
avoidance of doubt, any MSG Taxes.

     (b) AMC shall be liable for and shall be allocated (i) any Residual Taxes attributable
to members of the AMC Group for a Pre-Distribution Period, and (ii) any Taxes attributable
to members of the AMC Group for any Post-Distribution Period.

     (c) Notwithstanding the provisions of Sections 2.1(a) and 2.1(b) (but subject to the
provisions of Section 2.2), Taxes attributable to any transaction or action taken by or with
respect to any member of the AMC Group before the Effective Time on the Distribution Date
shall be allocated to the Pre-Distribution Period, and Taxes attributable to any transaction
or action taken by or with respect to any member of the AMC Group after the Effective Time
on the Distribution Date shall be allocated to the Post-Distribution Period.

     2.2 Allocation of Deconsolidation Taxes, Distribution Taxes and Transfer Taxes.
Notwithstanding any other provision of this Agreement:

     (a) Any and all Deconsolidation Taxes shall be borne by Cablevision.

     (b) AMC shall indemnify and hold harmless each Cablevision Indemnified Party from and
against any liability of Cablevision for Distribution Taxes to the extent such Distribution
Taxes are attributable to an AMC Tainting Act, provided, however, that AMC
shall have no obligation to indemnify any Cablevision Indemnified Party hereunder if there
has occurred, prior to such AMC Tainting Act, a Cablevision Tainting Act.

     (c) Cablevision shall indemnify and hold harmless each AMC Indemnified Party from and
against any liability of AMC for Distribution Taxes to the extent that AMC is not liable for
such Taxes pursuant to Section 2.2(b).

     (d) The Companies shall cooperate with each other and use their commercially reasonable
efforts to reduce and/or eliminate any Transfer Taxes. If any Transfer Tax remains payable
after application of the first sentence of this Section 2.2(d) and notwithstanding any other
provision in this Section 2, all Transfer Taxes shall be allocated to Cablevision.

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     2.3 Tax Payments. Each Company shall be liable for and shall pay the Taxes allocated to it by
this Section 2 either to the applicable Tax Authority or to the other Company in accordance with
Section 4 and the other applicable provisions of this Agreement.

     SECTION 3. Preparation and Filing of Tax Returns.

     3.1 Combined Returns. Cablevision shall be responsible for preparing and filing (or causing
to be prepared and filed) all Combined Returns for any Tax Year, provided, however,
that AMC shall furnish any relevant information, including pro-forma returns, disclosures,
apportionment data and supporting schedules, relating to any member of the AMC Group necessary for
completing any Combined Return for any Tax Year in a format suitable for inclusion in such return,
and provided further, that AMC shall have the right to review and comment with
respect to items on such returns if and to the extent such items directly relate to Taxes for which
AMC would be liable under Section 2.1(b)(i), such comment not to be unreasonably rejected.

     3.2 Separate Returns.

     (a) Tax Returns to be Prepared by Cablevision. Cablevision shall be responsible for
preparing and filing (or causing to be prepared and filed):

     (i) all Separate Returns which relate to one or more members of the Cablevision
Group for any Tax Year, and

     (ii) all Separate Returns which relate to one or more members of the AMC Group
for any Pre-Distribution Period or Straddle Period if such return is in respect of
Covered Income Taxes, provided, however, that AMC shall furnish any
relevant information, including pro-forma returns, disclosures, apportionment data
and supporting schedules, relating to any member of the AMC Group necessary for
completing any Separate Return for any Pre-Distribution Period or Straddle Period in
a format suitable for inclusion in such return, and provided
further, that AMC shall have the right to review and comment with respect to
items on such returns if and to the extent such items directly relate to a Tax for
which AMC would be liable under Section 2.1(b)(i), such comment not to be
unreasonably rejected.

     (b) Tax Returns to be Prepared by AMC. AMC shall be responsible for preparing and
filing (or causing to be prepared and filed) all Separate Returns which relate to one or
more members of the AMC Group and for which Cablevision is not responsible under Section
3.2(a), provided, however, that in the case of such returns in respect of
any Pre-Distribution Period or Straddle Period, Cablevision shall have the right to review
and comment on such returns, such comment not to be unreasonably rejected.

     3.3 Agent. Subject to the other applicable provisions of this Agreement (including, without
limitation, Section 5), AMC irrevocably designates, and agrees to cause each AMC Affiliate so to
designate, Cablevision as its sole and exclusive agent and attorney-in-fact to take such action
(including execution of documents) as Cablevision may deem reasonably appropriate in matters
relating to the preparation or filing of any Tax Return described in Sections 3.1 and 3.2(a)(ii).

     3.4 Provision of Information.

     (a) Cablevision shall provide to AMC, and AMC shall provide to Cablevision, any
information about members of the Cablevision Group or the AMC Group, respectively, that the
Preparer reasonably requires to determine the amount of Taxes due on any Payment Date with
respect to a Tax Return for which the Preparer is responsible pursuant to Section 3.1 or 3.2
and to properly and timely file all such Tax Returns.

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     (b) If a member of the AMC Group supplies information to a member of the Cablevision
Group, or a member of the Cablevision Group supplies information to a member of the AMC
Group, and an officer of the requesting member intends to sign a statement or other document
under penalties of perjury in reliance upon the accuracy of such information, then a duly
authorized officer of the member supplying such information shall certify, to the best of
such officer’s knowledge, the accuracy of the information so supplied.

     3.5 Special Rules Relating to the Preparation of Tax Returns.

     (a) In General. All Tax Returns that include any members of the AMC Group or
Cablevision Group, or any of their respective Affiliates, shall be prepared in a manner that
is consistent with the Ruling Request, the Ruling, and the Tax Opinion (including, for the
avoidance doubt, the Tax Opinion Representations). Except as otherwise set forth in this
Agreement, all Tax Returns for which Cablevision is responsible under Sections 3.1 and 3.2
shall be prepared (x) in accordance with elections, Tax accounting methods and other
practices used with respect to such Tax Returns filed prior to the Distribution Date (unless
such past practices are not permissible under applicable law), or (y) to the extent any
items are not covered by past practices (or in the event such past practices are not
permissible under applicable Tax Law), in a manner reasonably acceptable to both Parties;
provided, however, that in each case of (x) and (y) to the extent that a
change in such elections, methods or practices would not reasonably be expected to result in
any adverse impact on AMC, such Tax Returns shall be prepared in accordance with reasonable
practices selected by Cablevision.

     (b) Election to File Consolidated, Combined or Unitary Tax Returns. Cablevision shall
have the sole discretion in electing to file any Tax Return on a consolidated, combined or
unitary basis, if such Tax Return would include at least one member of each Group and the
filing of such Tax Return is elective under the relevant Tax Law.

     3.6 Refunds, Credits or Offsets.

     (a) Any refunds, credits or offsets with respect to Taxes allocated to, and actually
paid by, Cablevision pursuant to this Agreement shall be for the account of Cablevision.
Any refunds, credits or offsets with respect to Taxes, allocated to, and actually paid by,
AMC pursuant to this Agreement shall be for the account of AMC.

     (b) Cablevision shall forward to AMC, or reimburse AMC for, any such refunds, credits
or offsets, plus any interest received thereon, net of any Taxes incurred with respect to
the receipt or accrual thereof and any expenses incurred in connection therewith, that are
for the account of AMC within 15 Business Days from receipt thereof by Cablevision or any of
its Affiliates. AMC shall forward to Cablevision, or reimburse Cablevision for, any
refunds, credits or offsets, plus any interest received thereon, net of any Taxes incurred
with respect to the receipt or accrual thereof and any expenses incurred in connection
therewith, that are for the account of Cablevision within 15 Business Days from receipt
thereof by AMC or any of its Affiliates. Any refunds, credits or offsets, plus any interest
received thereon, or reimbursements not forwarded or made within the 15 Business Day period
specified above shall bear interest from the date received by the refunding or reimbursing
party (or its Affiliates) through and including the date of payment at the Interest Rate
(treating the date received as the Due Date for purposes of determining such interest). If,
subsequent to a Tax Authority’s allowance of a refund, credit or offset, such Tax Authority
reduces or eliminates such allowance, any refund, credit or offset, plus any interest
received thereon, forwarded or reimbursed under this Section 3.6 shall be returned to the
party who had forwarded or reimbursed such refund, credit or offset and interest upon the
request of such forwarding party in an amount equal to the applicable reduction, including
any interest received thereon.

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     3.7 Carrybacks. To the extent permitted under applicable Tax Laws, the AMC Group shall make
the appropriate elections in respect of any Tax Returns to waive any option to carry back any net
operating loss, any credits or any similar item from a Post-Distribution Period to any
Pre-Distribution Period or to any Straddle Period. Any refund of or credit for Taxes resulting
from any such carryback by a member of the AMC Group that cannot be waived shall be payable to AMC
net of any Taxes incurred with respect to the receipt or accrual thereof and any expenses incurred
in connection therewith.

     3.8 Amended Returns. Any amended Tax Return or claim for Tax refund, credit or offset with
respect to any member of the AMC Group may be made only by the Company (or its Affiliates)
responsible for preparing the original Tax Return with respect to such member pursuant to Sections
3.1 or 3.2 (and, for the avoidance of doubt, subject to the same review and comment rights set
forth in Sections 3.1 or 3.2, to the extent applicable). Such Company (or its Affiliates) shall
not, without the prior written consent of the other Company (which consent shall not be
unreasonably withheld or delayed), file, or cause to be filed, any such amended Tax Return or claim
for Tax refund, credit or offset to the extent that such filing, if accepted, is likely to increase
the Taxes allocated to, or the Tax indemnity obligations under this Agreement of, such other
Company for any Tax Year (or portion thereof); provided, however, that such consent
need not be obtained if the Company filing the amended Tax Return by written notice to the other
Company agrees to indemnify the other Company for the incremental Taxes allocated to, or the
incremental Tax indemnity obligation resulting under this Agreement to, such other Company as a
result of the filing of such amended Tax Return.

     3.9 Compensatory Equity Interests. Matters relating to Taxes and/or Tax Items with respect to
Compensatory Equity Interests shall be governed by the Employee Matters Agreement.

     SECTION 4. Tax Payments.

     4.1 Payment of Taxes to Tax Authority. Cablevision shall be responsible for remitting to the
proper Tax Authority the Tax shown on any Tax Return for which it is responsible for the
preparation and filing pursuant to Section 3.1 or Section 3.2, and AMC shall be responsible for
remitting to the proper Tax Authority the Tax shown on any Tax Return for which it is responsible
for the preparation and filing pursuant to Section 3.2.

     4.2 Indemnification Payments.

     (a) Tax Payments Made by the Cablevision Group. If any member of the Cablevision Group
is required to make a payment to a Tax Authority for Taxes allocated to AMC under this
Agreement, AMC will pay the amount of Taxes allocated to it to Cablevision not later than
the later of (i) five Business Days after receiving notification requesting such amount, and
(ii) one Business Day prior to the date such payment is required to be made to such Tax
Authority.

     (b) Tax Payments Made by the AMC Group. If any member of the AMC Group is required to
make a payment to a Tax Authority for Taxes allocated to Cablevision under this Agreement,
Cablevision will pay the amount of Taxes allocated to it to AMC not later than the later of
(i) five Business Days after receiving notification requesting such amount, and (ii) one
Business Day prior to the date such payment is required to be made to such Tax Authority.

     4.3 Interest on Late Payments. Payments pursuant to this Agreement that are not made by the
date prescribed in this Agreement or, if no such date is prescribed, not later than five Business
Days after demand for payment is made (the “Due Date”) shall bear interest for the period from and
including the date immediately following the Due Date through and including the date of payment at
the Interest Rate. Such interest will be payable at the same time as the payment to which it
relates. Interest will be calculated on the basis of a year of 365 days and the actual number of
days for which due.

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     4.4 Tax Consequences of Payments. For all Tax purposes and to the extent permitted by
applicable Tax Law, the parties hereto shall treat any payment made pursuant to this Agreement as a
capital contribution or a distribution, as the case may be, immediately prior to the Distribution.
If the receipt or accrual of any indemnity payment under this Agreement causes, directly or
indirectly, an increase in the taxable income of the recipient under one or more applicable Tax
Laws, such payment shall be increased so that, after the payment of any Taxes with respect to the
payment, the recipient thereof shall have realized the same net amount it would have realized had
the payment not resulted in taxable income. For the avoidance of doubt, any liability for Taxes
due to an increase in taxable income described in the immediately preceding sentence shall be
governed by this Section 4.4 and not by Section 2.2. To the extent that Taxes for which any Party
hereto (the “Indemnifying Party”) is required to pay another Party pursuant to this Agreement may
be deducted or credited in determining the amount of any other Taxes required to be paid by the
Indemnified Party (for example, state Taxes which are permitted to be deducted in determining
federal Taxes), the amount of any payment made to the Indemnified Party by the Indemnifying Party
shall be decreased by taking into account any resulting reduction in other Taxes actually realized
by the Indemnified Party. If such a reduction in Taxes of the Indemnified Party occurs following
the payment made to the Indemnified Party with respect to the relevant indemnified Taxes, the
Indemnified Party shall promptly repay the Indemnifying Party the amount of such reduction when
actually realized. If the Tax Benefit arising from the foregoing reduction of Taxes described in
this Section 4.4 is subsequently decreased or eliminated, then the Indemnifying Party shall
promptly pay the Indemnified Party the amount of the decrease in such Tax Benefit.

     4.5 Section 336(e) Election. In the event that Section 355(d) or 355(e) of the Code applies
to the Distribution as a result of a Final Determination, and if the proposed Treasury Regulations
under Section 336(e) of the Code and published at 73 Fed. Reg. 49965-81 (or similar Treasury
Regulations) have been adopted as final, Cablevision agrees (if so requested by AMC in a written
notice) to make an election (if Cablevision is legally able to do so) pursuant to such final
Treasury Regulations to treat the Distribution as an asset sale for U.S. federal tax purposes,
provided that AMC shall indemnify Cablevision for any cost to the Cablevision Group of
making such an election (but it being understood that any such cost arising from Taxes shall be
limited to Excess Taxes).

     4.6 Certain Final Determinations. If an adjustment (a “Tax Adjustment”) pursuant to a Final
Determination in a Tax Contest initiated by a Tax Authority results in a Tax greater than the Tax
shown on the relevant Tax Return for any Pre-Distribution Period, the Indemnified Party shall pay
to the Indemnifying Party an amount equal to any Tax Benefit as and when actually realized by such
Indemnified Party as a result of such Tax Adjustment. The Parties agree that if an Indemnified
Party is required to make a payment to an Indemnifying Party pursuant to this Section 4.6, the
Parties shall negotiate in good faith to set off the amount of such payment against any indemnity
payments owed by the Indemnifying Party to the Indemnified Party, taking into account time value
and similar concepts as appropriate.

     SECTION 5. Cooperation and Tax Contests.

     5.1 Cooperation. In addition to the obligations enumerated in Sections 3.4 and 5.4,
Cablevision and AMC will cooperate (and cause their respective Subsidiaries and Affiliates to
cooperate) with each other and with each other’s agents, including accounting firms and legal
counsel, in connection with Tax matters, including provision of relevant documents and information
in their possession and making available to each other, as reasonably requested and available,
personnel (including officers, directors, employees and agents of the Parties or their respective
Subsidiaries or Affiliates) responsible for preparing, maintaining, and interpreting information
and documents relevant to Taxes, and personnel reasonably required as witnesses or for purposes of
providing information or documents in connection with any administrative or judicial proceedings
relating to Taxes.

     5.2 Notices of Tax Contests. Each Company shall provide prompt notice to the other Company of
any pending or threatened Tax audit, assessment or proceeding or other Tax Contest of which it
becomes aware relating to (i) Taxes for which it is or may be indemnified by such other Company
hereunder or (ii) Tax Items that may affect the amount or treatment of Tax Items of such other
Company. Such notice shall contain factual information

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(to the extent known) describing any asserted Tax liability in reasonable detail and shall be
accompanied by copies of any notice and other documents received from any Tax Authority in respect
of any such matters; provided, however, that failure to give such notification
shall not affect the indemnification provided hereunder except, and only to the extent that, the
indemnifying Company shall have been actually prejudiced as a result of such failure. Thereafter,
the indemnified Company shall deliver to the indemnifying Company such additional information with
respect to such Tax Contest in its possession that the indemnifying Company may reasonably request.

     5.3 Control of Tax Contests.

     (a) Controlling Party. Subject to the limitations set forth in Section 5.3(b), each
Preparer (or the appropriate member of its Group) shall be the Controlling Party with
respect to any Tax Contest involving a Tax reported (or that, it is asserted, should have
been reported) on a Tax Return for which such Company is responsible for preparing and
filing (or causing to be prepared and filed) pursuant to Section 3 of this Agreement (it
being understood, for the avoidance of doubt but subject to the other provisions of this
Section 5.3(a), that Cablevision shall be the Controlling Party with respect to any Tax
Contest involving Distribution Taxes), in which case any Non-Preparer that could have
liability under this Agreement for a Tax to which such Tax Contest relates shall be treated
as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a
Non-Preparer (x) acknowledges to the Preparer in writing its full liability under this
Agreement to indemnify for any Tax, and (y) provides to the Preparer evidence (that is
satisfactory to the Preparer as determined in the Preparer’s reasonable discretion) of the
Non-Preparer’s financial readiness and capacity to make such indemnity payment, then
thereafter with respect to the Tax Contest relating solely to such Tax the Non-Preparer
shall be the Controlling Party (subject to Section 5.3(b)) and the Preparer shall be treated
as the Non-Controlling Party.

     (b) Non-Controlling Party Participation Rights. With respect to a Tax Contest of any
Tax Return that could result in a Tax liability that is allocated under this Agreement, (i)
the Non-Controlling Party shall, at its own cost and expense, be entitled to participate in
such Tax Contest and to provide comments and suggestions to the Controlling Party, such
comments and suggestions not to be unreasonably rejected, (ii) the Controlling Party shall
keep the Non-Controlling Party updated and informed, and shall consult with the
Non-Controlling Party, (iii) the Controlling Party shall act in good faith with a view to
the merits in connection with the Tax Contest, and (iv) the Controlling Party shall not
settle or compromise such Tax Contest without the prior written consent of the
Non-Controlling Party (which consent shall not be unreasonably withheld).

     5.4 Cooperation Regarding Tax Contests. The Parties shall provide each other with all
information relating to a Tax Contest which is needed by the other Party to handle, participate in,
defend, settle or contest the Tax Contest. At the request of any party, the other Party shall take
any action (e.g., executing a power of attorney) that is reasonably necessary in order for the
requesting Party to exercise its rights under this Agreement in respect of a Tax Contest. AMC
shall assist Cablevision, and Cablevision shall assist AMC, in taking any remedial actions that are
necessary or desirable to minimize the effects of any adjustment made by a Tax Authority. The
Indemnifying Party shall reimburse the Indemnified Party for any reasonable out-of-pocket costs and
expenses incurred in complying with this Section 5.4.

     SECTION 6. Tax Records.

     6.1 Retention of Tax Records. Each of Cablevision and AMC shall preserve, and shall cause
their respective Subsidiaries to preserve, all Tax Records that are in their possession, and that
could affect the liability of any member of the other Group for Taxes, for as long as the contents
thereof may become material in the administration of any matter under applicable Tax Law, but in
any event until the later of (x) the expiration of any applicable statute of limitations, as
extended, and (y) seven years after the Distribution Date.

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     6.2 Access to Tax Records. AMC shall make available, and cause its Subsidiaries to make
available, to members of the Cablevision Group for inspection and copying (x) all Tax Records in
their possession that relate to a Pre-Distribution Period, and (y) the portion of any Tax Record in
their possession that relates to a Post-Distribution Period and which is reasonably necessary for
the preparation of a Tax Return by a member of the Cablevision Group or any of their Affiliates or
with respect to any Tax Contest with respect to such return. Cablevision shall make available, and
cause its Subsidiaries to make available, to members of the AMC Group for inspection and copying
the portion of any Tax Record in their possession that relates to a Pre-Distribution Period and
which is reasonably necessary for the preparation of a Tax Return by a member of the AMC Group or
any of their Affiliates or with respect to any Tax Contest with respect to such return.

     6.3 Confidentiality. Each party hereby agrees that it will hold, and shall use its reasonable
best efforts to cause its officers, directors, employees, accountants, counsel, consultants,
advisors and agents to hold, in confidence all records and information prepared and shared by and
among the Parties in carrying out the intent of this Agreement, except as may otherwise be
necessary in connection with the filing of Tax Returns or any administrative or judicial
proceedings relating to Taxes or unless disclosure is compelled by a governmental authority.
Information and documents of one Party (the “Disclosing Party”) shall not be deemed to be
confidential for purposes of this Section 6.3 to the extent that such information or document (i)
is previously known to or in the possession of the other Party (the “Receiving Party”) and is not
otherwise subject to a requirement to be kept confidential, (ii) becomes publicly available by
means other than unauthorized disclosure under this Agreement by the Receiving Party or (iii) is
received from a third party without, to the knowledge of the Receiving Party after reasonable
diligence, a duty of confidentiality owed to the Disclosing Party.

     SECTION 7. Representations and Covenants.

     7.1 Covenants of Cablevision and AMC.

     (a) Cablevision hereby covenants that, to the fullest extent permissible under United
States federal income and state Tax Laws, it will, and will cause the members of the
Cablevision Group to, treat the Contribution and Distribution in accordance with the
Tax-Free Status. AMC hereby covenants that, to the fullest extent permissible under United
States federal income and state Tax Laws, it will, and will cause each Subsidiary of AMC to,
treat the Contribution and Distribution in accordance with the Tax-Free Status.

     (b) Cablevision further covenants that, as of and following the date hereof,
Cablevision shall not and shall cause the members of the Cablevision Group not to take any
action that (or fail to take any action the omission of which) (i) would be inconsistent
with the Contribution and Distribution qualifying, or would preclude the Contribution and
Distribution from qualifying, for the Tax-Free Status, or (ii) would cause any holders of
Cablevision Common Stock that receive stock of AMC in the Distribution to recognize gain or
loss, or otherwise include any amount in income, as a result of the Contribution and/or the
Distribution for U.S. federal income tax purposes (except with respect to cash received in
lieu of fractional shares).

     (c) AMC further covenants that, as of and following the date hereof, AMC shall not and
shall cause its Subsidiaries not to take any action that (or fail to take any action the
omission of which) (i) would be inconsistent with the Contribution and Distribution
qualifying, or would preclude the Contribution and Distribution from qualifying, for the
Tax-Free Status, or (ii) would cause any holders of Cablevision Common Stock that receive
stock of AMC in the Distribution to recognize gain or loss, or otherwise include any amount
in income, as a result of the Contribution and/or the Distribution for U.S. federal income
tax purposes (except with respect to cash received in lieu of fractional shares).

     7.2 Private Letter Ruling. Cablevision represents that it has provided AMC with a copy of the
Ruling and the Ruling Request submitted on or prior to the Distribution Date, and agrees to provide
AMC with copies of

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any additional documents submitted to the IRS relating to the Ruling Request and prepared
after the Distribution Date prior to the submission of such documents to the IRS in connection with
the Distribution.

     7.3 Covenants of AMC.

     (a) Without limiting the generality of the provisions of Section 7.1, AMC, on behalf of
itself and its Subsidiaries, agrees and covenants that AMC and each of its Subsidiaries will
not, directly or indirectly, during the Restriction Period, (i) take any action that would
result in AMC’s ceasing to be engaged in the active conduct of the AMC Business with the
result that AMC is not engaged in the active conduct of a trade or business within the
meaning of Section 355(b)(2) of the Code, (ii) redeem or otherwise repurchase (directly or
through an Affiliate of AMC) any of AMC’s outstanding stock, other than (A) through stock
purchases meeting the requirements of section 4.05(1)(b) of Revenue Procedure 96-30, 1996-1
C.B. 696 or (B) as otherwise described in the Ruling Request (but it being understood, for
the avoidance of doubt, that no agreement or covenant under this Section 7.3(a)(ii) is being
entered with respect to Compensatory Equity Net Share Settlements), (iii) amend the
certificate of incorporation (or other organizational documents) of AMC that would affect
the relative voting rights of separate classes of AMC’s stock or would convert one class of
AMC’s stock into another class of its stock, (iv) liquidate (within the meaning of Section
331 of the Code and the Treasury Regulations promulgated thereunder) or partially liquidate
(within the meaning of Section 346 of the Code and the Treasury Regulations promulgated
thereunder) AMC, (v) merge AMC with any other corporation (other than in a transaction that
does not affect the relative shareholding of AMC shareholders), sell or otherwise dispose of
(other than in the ordinary course of business) the assets of AMC and its Subsidiaries, or
take any other action or actions if such merger, sale, other disposition or other action or
actions in the aggregate would have the effect that one or more Persons acquire (or have the
right to acquire), directly or indirectly, as part of a plan or series of related
transactions, assets representing one-half or more of the asset value of the AMC Group, or
(vi) take any other action or actions that in the aggregate would have the effect that one
or more Persons acquire (or have the right to acquire), directly or indirectly, as part of a
plan or series of related transactions, stock or equity securities of AMC representing a
Fifty-Percent Equity Interest in AMC, other than a Permitted Acquisition.

     (b) Furthermore, AMC, on behalf of itself and its Subsidiaries, agrees and covenants
that AMC and each of its Subsidiaries (i) will not directly or indirectly, pre-pay, pay
down, redeem, retire or otherwise acquire, however effected, any of the Senior Notes or the
Term Loan B other than in accordance with the description set forth in the Ruling and the
Ruling Request, (ii) will not take or permit to be taken any action at any time, including,
without limitation, any modification to the terms of any of the Senior Notes or the Term
Loan B, that could jeopardize, directly or indirectly, the qualification, in whole or in
part, of any of the Senior Notes or the Term Loan B as “securities” within the meaning of
Section 361(a) of the Code, and (iii) will comply with the terms of the [Indenture] and the
Credit Agreement relating to the Senior Notes and the Term Loan B respectively.

     7.4 Covenants of Cablevision.

     (a) Without limiting the generality of the provisions of Section 7.1, Cablevision, on
behalf of itself and each member of the Cablevision Group, agrees and covenants that
Cablevision and each member of the Cablevision Group will not, directly or indirectly,
during the Restriction Period, (i) take any action that would result in Cablevision’s
ceasing to be engaged in the active conduct of the Cablevision Business with the result that
Cablevision is not engaged in the active conduct of a trade or business within the meaning
of Section 355(b)(2) of the Code, (ii) redeem or otherwise repurchase (directly or through
an Affiliate of Cablevision) any of Cablevision’s outstanding stock, other than (A) through
stock purchases meeting the requirements of section 4.05(1)(b) of Revenue Procedure 96-30,
1996-1 C.B. 696, or (B) as otherwise described in the Ruling Request (but it being
understood, for the avoidance of doubt, that no

16

 

agreement or covenant under this Section 7.4(a)(ii) is being entered with respect to
Compensatory Equity Net Share Settlements), (iii) amend the certificate of incorporation (or
other organizational documents) of Cablevision that would affect the relative voting rights
of separate classes of Cablevision’s stock or would convert one class of Cablevision’s stock
into another class of its stock, (iv) liquidate (within the meaning of Section 331 of the
Code and the Treasury Regulations promulgated thereunder) or partially liquidate (within the
meaning of Section 346 of the Code and the Treasury Regulations promulgated thereunder)
Cablevision, (v) merge Cablevision with any other corporation (other than in a transaction
that does not affect the relative shareholding of Cablevision shareholders), sell or
otherwise dispose of (other than in the ordinary course of business) the assets of
Cablevision and its Subsidiaries, or take any other action or actions if such merger, sale,
other disposition or other action or actions in the aggregate would have the effect that one
or more Persons acquire (or have the right to acquire), directly or indirectly, as part of a
plan or series of related transactions, assets representing one-half or more of the asset
value of the Cablevision Group, or (vi) take any other action or actions that in the
aggregate would have the effect that one or more Persons acquire (or have the right to
acquire), directly or indirectly, as part of a plan or series of related transactions, stock
or equity securities of Cablevision representing a Fifty-Percent Equity Interest in
Cablevision.

     (b) Nothing in this Section 7 shall be construed to give AMC or any Affiliates of AMC
any right to remedies other than indemnification for any increase in the actual Tax
liability (and/or decrease in Tax Benefit) of AMC or any Affiliate of AMC that results from
Cablevision Group’s failure to comply with the covenants and representations in this Section
7.

     7.5 Exceptions.

     (a) Notwithstanding Section 7.3 above, AMC or any of its Subsidiaries may take a
Restricted Action if Cablevision consents in writing to such Restricted Action, or if AMC
provides Cablevision with Satisfactory Guidance concluding that such Restricted Action will
not alter the Tax-Free Status of the Contribution and Distribution in respect of Cablevision
and Cablevision’s shareholders.

     (b) AMC and each of its Subsidiaries agree that Cablevision and each Cablevision
Affiliate are to have no liability for any Tax resulting from any Restricted Actions
permitted pursuant to this Section 7.5 and, subject to Section 2.2, agree to indemnify and
hold harmless each Cablevision Indemnified Party against any such Tax. AMC shall bear all
costs incurred by it, and all reasonable costs incurred by Cablevision, in connection with
requesting and/or obtaining any Satisfactory Guidance.

     7.6 Injunctive Relief. For the avoidance of doubt, Cablevision shall have the right to seek
injunctive relief to prevent AMC or any of its Subsidiaries from taking any action that is not
consistent with the covenants of the AMC or any of its Subsidiaries under Section 7.1 or 7.3.

     7.7 Further Assurances. For the avoidance of doubt, (i) neither Cablevision nor a member of
the Cablevision Group shall take any action on the Distribution Date that would result in an
increase of the actual Tax liability (and/or decrease of any Tax Benefit) of AMC or any of its
Subsidiaries, other than in the ordinary course of business, except for actions undertaken in
connection with the Distribution, which actions are described in the Ruling Request or the Ruling,
and (ii) neither AMC nor any of its Subsidiaries shall take any action on the Distribution Date
that would result in an increase of the actual Tax liability (and/or decrease of any Tax Benefit)
of Cablevision or a member of the Cablevision Group, other than in the ordinary course of business,
except for actions undertaken in connection with the Distribution, which actions are described in
the Ruling Request or the Ruling.

     SECTION 8. General Provisions.

17

 

     8.1 Predecessors or Successors. Any reference to Cablevision, AMC, a Person, or a Subsidiary
in this Agreement shall include any predecessors or successors (e.g., by merger or other
reorganization, liquidation, conversion, or election under Treasury Regulations Section 301.7701-3)
of Cablevision, AMC, such Person, or such Subsidiary, respectively, including within the meaning of
Section 355(e)(4)(D) of the Code and the Treasury Regulations promulgated thereunder. For the
avoidance of doubt, no member of the Cablevision Group shall be deemed to be a predecessor or
successor of AMC and no member of the AMC Group shall be deemed to be a predecessor or successor of
Cablevision.

     8.2 Construction. This Agreement shall constitute the entire agreement (except insofar and to
the extent that it specifically and expressly references the Distribution Agreement and any other
Ancillary Agreement) between the Parties with respect to the subject matter hereof and shall
supersede all previous negotiations, commitments and writings with respect to such subject matter.

     8.3 Ancillary Agreements. This Agreement is not intended to address, and should not be
interpreted to address, the matters specifically and expressly covered by the Distribution
Agreement or any other Ancillary Agreement.

     8.4 Counterparts. This Agreement may be executed in one or more counterparts, all of which
shall be considered one and the same agreement, and shall become effective when one or more such
counterparts have been signed by each of the Parties and delivered to the other Party.

     8.5 Notices. All notices and other communications hereunder shall be in writing, shall
reference this Agreement and shall be hand delivered or mailed by registered or certified mail
(return receipt requested) to the Parties at the following addresses (or at such other addresses
for a Party as shall be specified by like notice) and will be deemed given on the date on which
such notice is received:

To Cablevision:

Cablevision Systems Corporation

1111 Stewart Avenue

Bethpage, NY 11714

Attention: General Counsel

To AMC:

AMC Networks Inc.

11 Penn Plaza

New York, NY 10001

Attention: General Counsel

     8.6 Amendments. This Agreement may not be modified or amended except by an agreement in
writing signed by each of the Parties.

     8.7 Assignment. This Agreement shall not be assignable, in whole or in part, directly or
indirectly, by any Party without the prior written consent of the other Party, and any attempt to
assign any rights or obligations arising under this Agreement without such consent shall be void;
provided that, subject to compliance with Section 7, if applicable, either Party may assign
this Agreement to a purchaser of all or substantially all of the properties and assets of such
Party so long as such purchaser expressly assumes, in a written instrument in form reasonably
satisfactory to the non-assigning Party, the due and punctual performance or observance of every
agreement and covenant of this Agreement on the part of the assigning Party to be performed or
observed.

18

 

     8.8 Successors and Assigns. The provisions to this Agreement shall be binding upon, inure to
the benefit of and be enforceable by the Parties and their respective successors and permitted
assigns.

     8.9 Change in Law. Any reference to a provision of the Code or any other Tax Law shall
include a reference to any applicable successor provision or law.

     8.10 Authorization, Etc. Each of the Parties hereto hereby represents and warrants that it
has the power and authority to execute, deliver and perform this Agreement, that this Agreement has
been duly authorized by all necessary corporate action on the part of such Party, that this
Agreement constitutes a legal, valid and binding obligation of such Party and that the execution,
delivery and performance of this Agreement by such Party does not contravene or conflict with any
provision of law or the Party’s charter or bylaws or any agreement, instrument or order binding
such Party.

     8.11 Termination. This Agreement may be terminated at any time prior to the Distribution by
and in the sole discretion of Cablevision without the approval of AMC or the stockholders of
Cablevision. In the event of such termination, no Party shall have any liability of any kind to
any other Party or any other Person. After the Distribution, this Agreement may not be terminated
except by an agreement in writing signed by the Parties.

     8.12 Subsidiaries. Each of the Parties shall cause to be performed, and hereby guarantees the
performance of, all actions, agreements and obligations set forth herein to be performed by any
entity that is contemplated to be a Subsidiary of such Party after the Distribution Date.

     8.13 Third-Party Beneficiaries. Except with respect to Cablevision Indemnified Parties and
AMC Indemnified Parties, and in each case, only where and as indicated herein, this Agreement is
solely for the benefit of the Parties and their respective Subsidiaries and Affiliates and should
not be deemed to confer upon any other Person any remedy, claim, liability, reimbursement, cause of
action or other right in excess of those existing without reference to this Agreement.
Notwithstanding anything in this Agreement to the contrary, this Agreement is not intended to
confer upon any AMC Indemnified Parties any rights or remedies against AMC hereunder, and this
Agreement is not intended to confer upon any Cablevision Indemnified Parties any rights or remedies
against Cablevision hereunder.

     8.14 Titles and Headings. Titles and headings to Sections herein are inserted for convenience
of reference only and are not intended to be a part of or to affect the meaning or interpretation
of this Agreement.

     8.15 Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York applicable to contracts made and to be performed in the State of New
York.

     8.16 Waiver of Jury Trial. The Parties hereby irrevocably waive any and all right to trial by
jury in any legal proceeding arising out of or related to this Agreement or the transactions
contemplated hereby.

     8.17 Severability. In the event any one or more of the provisions contained in this Agreement
should be held invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained herein and therein shall not in any way be
affected or impaired thereby. The Parties shall endeavor in good faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable provisions.

     8.18 No Strict Construction; Interpretation.

     (a) Each of Cablevision and AMC acknowledges that this Agreement has been prepared
jointly by the Parties hereto and shall not be strictly construed against any Party hereto.

19

 

     (b) The table of contents and headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. Whenever the words “include”, “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation”. The words
“hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this
Agreement. All terms defined in this Agreement shall have the defined meanings when used in
any certificate or other document made or delivered pursuant hereto unless otherwise defined
therein. The definitions contained in this Agreement are applicable to the singular as well
as the plural forms of such terms and to the masculine as well as to the feminine and neuter
genders of such term. Any agreement, instrument or statute defined or referred to herein or
in any agreement or instrument that is referred to herein means such agreement, instrument
or statute as from time to time amended, modified or supplemented, including (in the case of
agreements or instruments) by waiver or consent and (in the case of statutes) by succession
of comparable successor statutes and references to all attachments thereto and instruments
incorporated therein. References to a Person are also to its permitted successors and
assigns.

20

 

          IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by the respective
officers as of the date set forth above.

	 	 	 	 	 	 	 

	 	 	CABLEVISION SYSTEMS CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 		 	 
	 
	 	 	 	 	 	 
	 	 	AMC NETWORKS INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 		 	 

[Signature Page to Tax Disaffiliation Agreement]exv10w3

Exhibit 10.3

EMPLOYEE MATTERS AGREEMENT

by and between

CABLEVISION SYSTEMS CORPORATION

and

AMC NETWORKS INC.

 

 

TABLE OF CONTENTS

Page

	 	 	 	 	 

	ARTICLE I
 DEFINITIONS	 	 	 	 
	 
	Section 1.1 Definitions
	 	 	1	 
	Section 1.2 General Interpretive Principles
	 	 	9	 
	 
	ARTICLE II 
 GENERAL PRINCIPLES	 	 	 	 
	 
	Section 2.1 Assumption and Retention of Liabilities; Related Assets
	 	 	9	 
	Section 2.2 AMC Participation in CVC Plans
	 	 	10	 
	Section 2.3 Service Recognition
	 	 	11	 
	 
	ARTICLE III 
 U.S. QUALIFIED DEFINED BENEFIT PLAN	 	 	 	 
	 
	Section 3.1 Cash Balance Pension Plan
	 	 	12	 
	Section 3.2 Treatment of Assets and Liabilities
	 	 	13	 
	Section 3.3 Separation from Service
	 	 	15	 
	 
	ARTICLE IV 
 U.S. QUALIFIED DEFINED CONTRIBUTION PLANS	 	 	 	 
	 
	Section 4.1 The AMC 401(k) Savings Plan
	 	 	15	 
	Section 4.2 Stock Investment Options
	 	 	16	 
	 
	ARTICLE V 
 NONQUALIFIED PLANS	 	 	 	 
	 
	Section 5.1 Excess Cash Balance Pension Plan
	 	 	16	 
	Section 5.2 No Separation from Service
	 	 	16	 
	Section 5.3 Excess Savings Plan
	 	 	17	 
	Section 5.4 Excess Savings Plan Payment
	 	 	17	 
	Section 5.5 No Separation from Service
	 	 	17	 
	Section 5.6 Transferred Employees
	 	 	17	 
	 
	ARTICLE VI 
 U.S. HEALTH AND WELFARE PLANS	 	 	 	 
	 
	Section 6.1 Health and Welfare Plans Maintained by CVC Prior to the Distribution Date.
	 	 	18	 
	Section 6.2 Flexible Spending Accounts Plan
	 	 	19	 
	Section 6.3 Legal Plan
	 	 	20	 
	Section 6.4 COBRA and HIPAA
	 	 	20	 

-i-

 

	 	 	 	 	 

	Section 6.5 Liabilities
	 	 	20	 
	Section 6.6 Time-Off Benefits
	 	 	22	 
	Section 6.7 Severance Pay Plans
	 	 	22	 
	 
	ARTICLE VII 
 EQUITY COMPENSATION	 	 	 	 
	 
	Section 7.1 Equity Compensation
	 	 	22	 
	Section 7.2 Forfeiture of CVC Restricted Stock
	 	 	22	 
	Section 7.3 Taxes and Withholding
	 	 	23	 
	Section 7.4 Cooperation
	 	 	26	 
	Section 7.5 SEC Registration
	 	 	26	 
	Section 7.6 Savings Clause
	 	 	26	 
	 
	ARTICLE VIII 
 ADDITIONAL COMPENSATION AND BENEFITS MATTERS	 	 	 	 
	 
	Section 8.1 Cash Incentive Awards
	 	 	26	 
	Section 8.2 Individual Arrangements
	 	 	29	 
	Section 8.3 Non-Competition
	 	 	29	 
	Section 8.4 Director Programs
	 	 	30	 
	Section 8.5 Cable, Online and Voice Employee Benefits
	 	 	30	 
	Section 8.6 Sections 162(m)/409A
	 	 	30	 
	 
	ARTICLE IX 
 INDEMNIFICATION	 	 	 	 
	 
	Section 9.1 Indemnification 	 	 	30	 
	 
	ARTICLE X 
 GENERAL AND ADMINISTRATIVE	 	 	 	 
	 
	Section 10.1 Sharing of Information
	 	 	30	 
	Section 10.2 Reasonable Efforts/Cooperation
	 	 	31	 
	Section 10.3 Non-Termination of Employment; No Third-Party Beneficiaries
	 	 	31	 
	Section 10.4 Consent of Third Parties
	 	 	32	 
	Section 10.5 Access to Employees
	 	 	32	 
	Section 10.6 Beneficiary Designation/Release of Information/Right to Reimbursement
	 	 	32	 
	Section 10.7 Not a Change in Control
	 	 	32	 
	 
	ARTICLE XI 
 MISCELLANEOUS	 	 	 	 
	 
	Section 11.1 Effect If Distribution Does Not Occur
	 	 	32	 
	Section 11.2 Complete Agreement; Construction
	 	 	33	 
	Section 11.3 Counterparts
	 	 	33	 
	Section 11.4 Survival of Agreements
	 	 	33	 

-ii-

 

	 	 	 	 	 

	Section 11.5 Notices
	 	 	33	 
	Section 11.6 Waivers
	 	 	33	 
	Section 11.7 Amendments
	 	 	33	 
	Section 11.8 Assignment
	 	 	33	 
	Section 11.9 Third-Party Beneficiaries
	 	 	34	 
	Section 11.10 Successors and Assigns
	 	 	34	 
	Section 11.11 Subsidiaries
	 	 	34	 
	Section 11.12 Title and Headings
	 	 	34	 
	Section 11.13 Governing Law
	 	 	34	 
	Section 11.14 Waiver of Jury Trial
	 	 	34	 
	Section 11.15 Specific Performance
	 	 	34	 
	Section 11.16 Severability
	 	 	35	 

-iii-

 

	 	 	 
	Exhibits	 	 
	Exhibit A

	 	CVC Health & Welfare Plans

-iv-

 

EMPLOYEE MATTERS AGREEMENT

     THIS
EMPLOYEE MATTERS AGREEMENT (the “Agreement”),
dated as of June _______, 2011, is by
and between Cablevision Systems Corporation, a Delaware corporation (“CVC”), and AMC
Networks Inc., a Delaware corporation and an indirect subsidiary of CVC (“AMC,” and,
together with CVC, each, a “Party” and collectively, the “Parties”).

RECITALS

     WHEREAS, the Board of Directors of CVC has determined that it is in the best interests of CVC
to separate the AMC Business and the CVC Business (each as defined herein) into two independent
public companies, on the terms and subject to the conditions set forth in the Distribution
Agreement (as defined below);

     WHEREAS, in order to effectuate the foregoing, CVC and AMC have entered into a Distribution
Agreement, dated as of [_______, 2011], (the “Distribution Agreement”), pursuant to which
and subject to the terms and conditions set forth therein, the AMC Business shall be separated from
the CVC Business, and all of the issued and outstanding Class A Common Stock, par value $0.01 per
share, of AMC and Class B Common Stock, par value $0.01 per share, of AMC (collectively, the
“AMC Common Stock”) beneficially owned by CVC shall be distributed (the
“Distribution”) on a pro rata basis to the holders of the issued and outstanding Class A
Common Stock, par value $0.01 per share, of CVC and Class B Common Stock, par value $0.01 per
share, of CVC (collectively, the “CVC Common Stock”); and

     WHEREAS, CVC and AMC have agreed to enter into this Agreement for the purposes of allocating
Assets and Liabilities (each as defined herein) and setting forth certain responsibilities of each
with respect to certain employee compensation and benefit plans, programs and arrangements, and
certain employment matters between and among them.

     NOW, THEREFORE, in consideration of the premises and of the respective agreements and
covenants contained in this Agreement, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally
bound, agree as follows:

ARTICLE I

DEFINITIONS

     Section 1.1 Definitions. As used in this Agreement, the following terms shall
have the meanings set forth below:

     “Action” means any claim, demand, complaint, charge, action, cause of action, suit,
countersuit, arbitration, litigation, inquiry, proceeding or investigation by or before any
Governmental Authority or any arbitration or mediation tribunal.

     “Agreement” shall have the meaning ascribed thereto in the preamble to this Agreement,
including all the exhibits hereto, and all amendments made hereto from time to time.

 

 

     “AMC” shall have the meaning ascribed thereto in the preamble to this Agreement.

     “AMC 401(k) Savings Plan” shall have the meaning ascribed thereto in Section
4.1(a) of this Agreement.

     “AMC Allocation” means the amount of assets of the CVC Cash Balance Pension Plan Trust
allocated to AMC as of January 1, 2011 as determined in accordance with Section 3.2(b), for the
purpose of calculating AMC’s payment to CVC for the unfunded account balances of AMC’s participants
in the CVC Cash Balance Pension Plan.

     “AMC Actuary” means such actuarial firm as AMC may engage.

     “AMC Business” means all businesses and operations conducted by the AMC Group from
time to time, whether prior to, at or after the Distribution Date, including the businesses and
operations conducted by the AMC Group as more fully described in the AMC Information Statement and
excluding the CVC Business.

     “AMC CIP” shall have the meaning ascribed thereto in Section 8.1(e)(i) of this
Agreement.

     “AMC Common Stock” shall have the meaning ascribed thereto in the recitals to this
Agreement.

     “AMC Dividend Shares” means shares of AMC Class A Common Stock issued as a dividend to
the beneficial owners of CVC Restricted Stock in connection with the Distribution and subject to
the same conditions and restrictions as the underlying CVC Restricted Stock.

     “AMC Employee” means any individual who, immediately following the Distribution Date,
will be employed by AMC or any member of the AMC Group in a capacity considered by AMC to be common
law employment, including active employees and employees on vacation and approved leaves of absence
(including maternity, paternity, family, sick, short-term or long-term disability leave, qualified
military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and
leave under the Family Medical Leave Act and other approved leaves).

     “AMC Excess Savings Plan” shall have the meaning ascribed thereto in Section
5.3(a) of this Agreement.

     “AMC Flexible Spending Accounts Plan” shall have the meaning ascribed thereto in
Section 6.2 of this Agreement.

     “AMC Group” means, as of the Distribution Date, AMC and each of its former and current
Subsidiaries (or any predecessor organization thereof), and any corporation or entity that may
become part of such Group from time to time thereafter. The AMC Group shall not include any member
of the CVC Group.

-2-

 

     “AMC Health & Welfare Plans” shall have the meaning ascribed thereto in Section
6.1(a) of this Agreement.

     “AMC Information Statement” means the definitive information statement distributed to
holders of CVC Common Stock in connection with the Distribution and filed with the SEC as Exhibit
99.1 to the Registration Statement or as an exhibit to a Form 8-K of AMC.

     “AMC Liabilities” means all Liabilities assumed or retained by any member of the AMC
Group pursuant to this Agreement.

     “AMC Option” means an option to buy AMC Class A Common Stock granted pursuant to an
AMC Share Plan and granted in connection with the Distribution.

     “AMC Participant” means any individual who, immediately following the Distribution
Date, is an AMC Employee, a Former AMC Employee or a beneficiary, dependent, an alternate payee or
surviving spouse of any of the foregoing.

     “AMC Plan” means any Plan sponsored, maintained or contributed to by any member of the
AMC Group (other than any CVC Plan), including the AMC 401(k) Savings Plan, AMC Excess Savings
Plan, AMC Share Plans, AMC Flexible Spending Accounts Plan and AMC Health & Welfare Plans.

     “AMC Retirement Plans” means, collectively, the AMC 401(k) Savings Plan and AMC Excess
Savings Plan.

     “AMC SAR” means a stock appreciation right with respect to AMC Class A Common Stock
granted pursuant to a AMC Share Plan in connection with the Distribution.

     “AMC Share Plan” means the AMC Employee Stock Plan, AMC Stock Plan For Non-Employee
Directors and any stock plan or stock incentive arrangement, including equity award agreements,
entered into by AMC in connection with the Distribution.

     “AMC Stock Investment Option” means the unitized stock fund investment option to be
offered under the Cablevision 401(k) Savings Plan, with a value based on the value of AMC Class A
Common Stock and the cash liquidity component, subject to the limitations set forth in Section
4.2(b).

     “AMC Transferee Employee” means any individual who transfers employment from CVC or
any member of the CVC Group to AMC or any member of the AMC Group: (i) prior to the Distribution
Date, if such transfer is made in contemplation of the Distribution; or (ii) after the Distribution
Date.

     “Asset” means any right, property or asset, whether real, personal or mixed, tangible
or intangible, of any kind, nature and description, whether accrued, contingent or otherwise, and
wheresoever situated and whether or not carried or reflected, or required to be carried or
reflected, on the books of any Person.

-3-

 

     “COBRA” means the continuation coverage requirements for “group health plans” under
Title X of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified
in Section 4980B of the Code and Sections 601 through 608 of ERISA.

     “Code” means the U.S. Internal Revenue Code of 1986, as amended.

     “Control” means, as to any Person, the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of such Person, whether
through the ownership of voting securities or other interests, by contract or otherwise.

     “CVC” shall have the meaning ascribed thereto in the preamble to this Agreement.

     “CVC 401(k) Savings Plan” means the qualified defined contribution plan maintained by
CVC and intended to satisfy the qualification requirements and other applicable provisions of the
Code as well as the requirements of ERISA and all applicable subsequent legislation.

     “CVC Actuary” means the actuary regularly engaged by CVC for the purposes of providing
actuarial services relative to the CVC Cash Balance Pension Plan.

     “CVC Allocation” means the amount of assets of the CVC Cash Balance Pension Plan Trust
allocated to CVC as of January 1, 2011, as determined in accordance with Section 3.2(b) for the
purpose of calculating AMC’s payment to CVC for the unfunded account balances of AMC’s participants
in the CVC Cash Balance Pension Plan.

     “CVC Business” means all businesses and operations conducted by the CVC Group from
time to time, whether prior to, at or after the Distribution Date, other than the AMC Business.

     “CVC Cash Balance Pension Plan” means the qualified defined benefit pension plan
maintained by CVC and intended to satisfy the qualification requirements and other applicable
provisions of the Code as well as the requirements of ERISA and all applicable subsequent
legislation.

     “CVC Cash Balance Pension Plan Trust” means the trust maintained to pay benefits under
the CVC Cash Balance Pension Plan.

     “CVC CIP” shall have the meaning ascribed thereto in Section 8.1(d)(i) of this
Agreement.

     “CVC Common Stock” shall have the meaning ascribed thereto in the recitals to this
Agreement.

     “CVC Director” means any individual who is a current or former director of CVC or any
of its subsidiaries as of the Distribution Date.

     “CVC Employee” means any individual who, immediately following the Distribution Date,
will be employed by CVC or any member of the CVC Group in a capacity considered by CVC to be common
law employment, including active employees and employees on vacation

-4-

 

and approved leaves of absence (including maternity, paternity, family, sick, short-term or
long-term disability leave, qualified military service under the Uniformed Services Employment and
Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved
leaves).

     “CVC Excess Cash Balance Plan” means the non-qualified deferred compensation plan
maintained by CVC for the purpose of permitting certain persons who participate in the CVC Cash
Balance Pension Plan to receive benefits in excess of the limitations on benefits imposed by the
Code.”

     “CVC Excess Savings Plan” means the non-qualified deferred compensation plan
maintained by CVC for the purpose of permitting certain persons who participate in the CVC 401(k)
Savings Plan to receive contributions equal to amounts in excess of the limitations on
contributions imposed on defined contribution plans by the Code.

     “CVC Flexible Spending Accounts Plan” shall have the meaning ascribed thereto in
Section 6.2 of this Agreement.

     “CVC Group” means, as of the Distribution Date, CVC and each of its former and current
Subsidiaries (or any predecessor organization thereof), and any corporation or entity that may
become part of such Group from time to time thereafter. The CVC Group shall not include any member
of the AMC Group.

     “CVC Health & Welfare Plans” shall have the meaning ascribed thereto in Section
6.1(a) of this Agreement.

     “CVC Liabilities” means all Liabilities assumed or retained by any member of the CVC
Group pursuant to this Agreement.

     “CVC Long-Term Incentive Plan” means the Cablevision Long-Term Incentive Plan.

     “CVC Option” means an option to buy Cablevision Class A Common Stock granted pursuant
to a CVC Share Plan (as adjusted for the Distribution) and outstanding as of the Distribution Date.

     “CVC Participant” means any individual who, immediately following the Distribution
Date, is a CVC Employee, a Former CVC Employee or a CVC Director or a beneficiary, dependent,
alternate payee or surviving spouse of any of the foregoing.

     “CVC Plan” means any Plan sponsored, maintained or contributed to by CVC or any of its
Subsidiaries, including the Cablevision Cash Balance Pension Plan, Cablevision Excess Cash Balance
Plan, Cablevision 401(k) Savings Plan, Cablevision Excess Savings Plan, CVC Share Plans, CVC
Flexible Spending Accounts Plan, and CVC Health & Welfare Plans.

     “CVC Restricted Stock” means unvested restricted shares of Cablevision Class A Common
Stock granted pursuant to a CVC Share Plan and outstanding as of the Distribution Date.

-5-

 

     “CVC Restricted Stock Agreement” means an agreement by and between CVC and a CVC
Employee or an AMC Employee with respect to the grant of CVC Restricted Stock to such CVC Employee
or AMC Employee.

     “CVC Retirement Plans” means, collectively, the CVC Cash Balance Pension Plan, CVC
401(k) Savings Plan, CVC Excess Cash Balance Plan and CVC Excess Savings Plan.

     “CVC RSU” means a restricted stock unit representing an unfunded and unsecured promise
to deliver a share of CVC Class A Common Stock, or cash or other property equal in value to the
share of CVC Class A Common Stock, that is granted pursuant to a CVC Share Plan and outstanding as
of the Distribution Date.

     “CVC SAR” means a stock appreciation right with respect to CVC Class A Common Stock
granted pursuant to a CVC Share Plan (as adjusted for the Distribution) and outstanding as of the
Distribution Date.

     “CVC Share Plans” means, collectively, any stock option or stock incentive
compensation plan or arrangement, including equity award agreements, maintained before the
Distribution Date for employees, officers or non-employee directors of CVC or its Subsidiaries, as
amended.

     “CVC Stock Investment Option” means the unitized stock fund investment option offered
under the CVC 401(k) Savings Plan, with a value based on the value of CVC Common Stock and the cash
liquidity component.

     “CVC Transferee Employee” means any individual who transfers employment from AMC or
any member of the AMC Group to CVC or any member of the CVC Group: (i) prior to the Distribution
Date, if such transfer is in contemplation of the Distribution; or (ii) after the Distribution
Date.

     “Distribution” shall have the meaning ascribed thereto in the recitals to this
Agreement, as the same is further described in the Distribution Agreement.

     “Distribution Agreement” shall have the meaning ascribed thereto in the recitals to
this Agreement.

     “Distribution Date” shall have the meaning ascribed thereto in the Distribution
Agreement.

     “DOL” means the U.S. Department of Labor.

     “Effective Date” shall have the meaning ascribed thereto in Section 6.1(a) of
this Agreement.

     “Equity Compensation” means, collectively, the CVC Options, CVC Restricted Stock, CVC
SARs, CVC RSUs, AMC Options, AMC SARs and AMC Dividend Shares.

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     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

     “First Anniversary” shall have the meaning ascribed thereto in Section 2.3(b)(i) of
this Agreement.

     “Former AMC Employee” means any former employee of any member of the AMC Group. Any
individual who is an employee of any member of the CVC Group on the Distribution Date or a Former
CVC Employee shall not be a Former AMC Employee.

     “Former CVC Employee” means any former employee of any member of the CVC Group. Any
individual who is an employee of any member of the AMC Group on the Distribution Date or a Former
AMC Employee shall not be a Former CVC Employee. For the avoidance of doubt, any employee or
former employee of Madison Square Garden, Inc. or any of its Subsidiaries shall be considered a
Former CVC Employee for all purposes of this Agreement.

     “Governmental Authority” means any federal, state, local, foreign or international
court, government, department, commission, board, bureau, agency, official, the NYSE, NASDAQ or
other regulatory, administrative or governmental authority.

     “Group” means the AMC Group and/or the CVC Group, as the context requires.

     “HIPAA” means the Health Insurance Portability and Accountability Act of 1996, as
amended.

     “Information” shall mean all information, whether in written, oral, electronic or
other tangible or intangible form, stored in any medium, including non-public financial
information, studies, reports, records, books, accountants’ work papers, contracts, instruments,
flow charts, data, communications by or to attorneys, memos and other materials prepared by
attorneys and accountants or under their direction (including attorney work product) and other
financial, legal, employee or business information or data.

     “IRS” means the U.S. Internal Revenue Service.

     “Law” means all laws, statutes and ordinances and all regulations, rules and other
pronouncements of Governmental Authorities having the effect of law of the U.S., any foreign
country, or any domestic or foreign state, province, commonwealth, city, country, municipality,
territory, protectorate, possession or similar instrumentality, or any Governmental Authority
thereof.

     “Liabilities” means all debts, liabilities, obligations, responsibilities, Losses,
damages (whether compensatory, punitive, or treble), fines, penalties and sanctions, absolute or
contingent, matured or unmatured, liquidated or unliquidated, foreseen or unforeseen, joint,
several or individual, asserted or unasserted, accrued or unaccrued, known or unknown, whenever
arising, including without limitation those arising under or in connection with any Law, Action,
threatened Action, order or consent decree of any Governmental Authority or any award of any
arbitration tribunal, and those arising under any contract, guarantee, commitment or undertaking,
whether sought to be imposed by a Governmental Authority, private party, or a

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Party, whether based in contract, tort, implied or express warranty, strict liability,
criminal or civil statute, or otherwise, and including any costs, expenses, interest, attorneys’
fees, disbursements and expense of counsel, expert and consulting fees, fees of third-party
administrators and costs related thereto or to the investigation or defense thereof.

     “Loss” means any claim, demand, complaint, damages (whether compensatory, punitive,
consequential, treble or other), fines, penalties, loss, liability, payment, cost or expense
arising out of, relating to or in connection with any Action.

     “Minimum Standards” means Section 414(l) of the Code, including such provisions of
ERISA as may be incorporated by reference therein, and regulations and other administrative
guidance promulgated under Section 414(l) of the Code and provisions of ERISA incorporated therein.

     “NASDAQ” means The Nasdaq Stock Market, Inc.

     “NYSE” means the New York Stock Exchange, Inc.

     “Participating Company” means CVC and any Person (other than a natural person)
participating in a CVC Plan.

     “Party” and “Parties” shall have the meanings ascribed thereto in the preamble
to this Agreement.

     “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

     “Person” means any natural person, corporation, business trust, limited liability
company, joint venture, association, company, partnership or governmental, or any agency or
political subdivision thereof.

     “Plan” means, with respect to an entity, each plan, program, arrangement, agreement or
commitment that is an employment, consulting, non-competition or deferred compensation agreement,
or an executive compensation, incentive bonus or other bonus, employee pension, profit-sharing,
savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation
rights, restricted stock, other equity-based compensation, severance pay, salary continuation,
life, health, hospitalization, sick leave, vacation pay, disability or accident insurance plan,
corporate-owned or key-man life insurance or other employee benefit plan, program, arrangement,
agreement or commitment, including any “employee benefit plan” (as defined in Section 3(3) of
ERISA), entered into, sponsored or maintained by such entity (or to which such entity contributes
or is required to contribute).

     “Subsidiary” has the same meaning as provided in the Distribution Agreement.

     “Transition Period” means, with respect to each CVC Plan in which any AMC Group member
is a Participating Company, the period of time beginning on the Distribution Date and ending on the
calendar day prior to the date AMC establishes a corresponding Plan and allows participation in
such Plan.

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     “Transition Period End Date” means December 31, 2011, except with respect to the CVC
401(k) Savings Plan and the CVC Excess Savings Plan, with respect to which the “Transition Period
End Date” shall mean April 30, 2012, in each case as such date may be extended pursuant to Section
2.2 (a) herein.

     “U.S.” means the United States of America.

     Section 1.2 General Interpretive Principles. Words in the singular shall include
the plural and vice versa, and words of one gender shall include the other gender, in each case, as
the context requires. The words “hereof,” “herein,” “hereunder,” and “herewith” and words of
similar import shall, unless otherwise stated, be construed to refer to this Agreement and not to
any particular provision of this Agreement, and references to Article, Section, paragraph and
Exhibit are references to the Articles, Sections, paragraphs and Exhibits to this Agreement unless
otherwise specified. The word “including” and words of similar import when used in this Agreement
shall mean “including, without limitation,” unless otherwise specified. Any reference to any
federal, state, local or non-U.S. statute or Law shall be deemed to also refer to all rules and
regulations promulgated thereunder, unless the context otherwise requires.

ARTICLE II

GENERAL PRINCIPLES

     Section 2.1 Assumption and Retention of Liabilities; Related Assets.

     (a) As of the Distribution Date, except as otherwise expressly provided for in this
Agreement, CVC shall, or shall cause one or more members of the CVC Group to, assume or retain and
CVC hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all Liabilities
under all CVC Plans (provided that, as between CVC and AMC, AMC shall be responsible for
certain of such Liabilities as set forth in Section 2.1(b) of this Agreement), (ii) all
Liabilities with respect to the employment, retirement, service, termination of employment or
termination of service of all CVC Participants and other service providers (including any
individual who is, or was, an independent contractor, temporary employee, temporary service worker,
consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or
non-payroll worker of any member of the CVC Group or in any other employment, non-employment, or
retainer arrangement or relationship with any member of the CVC Group), in each case to the extent
arising in connection with or as a result of employment with or the performance of services for any
member of the CVC Group, and (iii) any other Liabilities expressly assumed by or retained by CVC or
any of its Subsidiaries under this Agreement. For purposes of clarification and the avoidance of
doubt, (x) the Liabilities assumed or retained by the CVC Group as provided for in this Section
2.1(a) are intended to be CVC Liabilities as such term is defined in the Distribution
Agreement, and (y) the Parties intend that such Liabilities assumed or retained by the CVC Group
include the retirement benefits and health and welfare plan benefits under the CVC Plans for all
CVC Participants.

     (b) As of the Distribution Date, except as otherwise expressly provided for in this
Agreement, AMC shall, or shall cause one or more members of the AMC Group to, assume or

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retain and
AMC hereby agrees to pay, perform, fulfill and discharge, in due course in full (i) all
Liabilities under all AMC Plans, (ii) all Liabilities with respect to the employment, service,
retirement, termination of employment or termination of service of all AMC Participants and other
service providers (including any individual who is, or was, an independent contractor, temporary
employee, temporary service worker, consultant, freelancer, agency employee, leased employee,
on-call worker, incidental worker, or non-payroll worker of any member of the AMC Group or in any
other employment, non-employment, or retainer arrangement or relationship with any member of the
AMC Group), and (iii) any other Liabilities expressly assumed or retained by AMC or any of its
Subsidiaries under this Agreement. For purposes of clarification and the avoidance of doubt, the
Liabilities assumed or retained by the AMC Group as provided for in this Section 2.1(b) are
intended to be AMC Liabilities as such term is defined in the Distribution Agreement.

     (c) For all purposes hereof (including without limitation Sections 2.1(a) and 2.1(b): (i)
CVC Transferee Employees who transfer to CVC after the Distribution Date shall be deemed to be AMC
Participants for all dates prior to the date of transfer and CVC Participants for all dates on or
after the date of transfer; and (ii) AMC Transferee Employees who transfer to AMC after the
Distribution Date shall be deemed to be CVC Participants for all dates prior to the date of
transfer and AMC Participants for all dates on or after the date of transfer.

     (d) From time to time after the Distribution, AMC shall promptly reimburse CVC, upon CVC’s
presentation of such substantiating documentation as AMC shall reasonably request, for the cost of
any Liabilities satisfied by CVC or its Subsidiaries that are, or that have been made pursuant to
this Agreement, the responsibility of AMC or any of its Subsidiaries. Where applicable, such
payment shall be calculated in a manner consistent with past practice.

     (e) From time to time after the Distribution, CVC shall promptly reimburse AMC, upon AMC’s
presentation of such substantiating documentation as CVC shall reasonably request, for the cost of
any Liabilities satisfied by AMC or its Subsidiaries that are, or that have been made pursuant to
this Agreement, the responsibility of CVC or any of its Subsidiaries.

     Section 2.2 AMC Participation in CVC Plans.

     (a) During the Transition Period. Except for the CVC Plans described in Articles
III, VII and VIII herein, until the Transition Period End Date, AMC and each member of the AMC
Group that presently participates in a particular CVC Plan may continue to be a Participating
Company in such CVC Plan, and CVC and AMC shall take all necessary action to effectuate each such
continuation. AMC and each member of the AMC Group shall pay CVC for any AMC Employee or Former
AMC Employee’s participation in the CVC Plans. Any such payment shall be calculated in a manner
consistent with past practice. The Transition Period with respect to any CVC Plan may be extended
if requested by AMC on written notice delivered at least 90 days prior to the Transition Period End
Date and consented to by CVC, such consent not to be unreasonably withheld.

     (b) After the Transition Period. Except as otherwise expressly provided for in
this Agreement, effective as of the Transition Period End Date, AMC and each member of the AMC

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Group shall cease to be a Participating Company in the corresponding CVC Plan, and CVC and AMC
shall take all necessary action to effectuate each such cessation.

     Section 2.3 Service Recognition.

     (a) Pre-Distribution Service Credit. AMC shall give each AMC Participant full
credit for purposes of eligibility, vesting, determination of level of benefits, and, to the extent
applicable, benefit accruals under any AMC Plan for such AMC Participant’s service with any member
of the CVC Group prior to the Distribution Date to the same extent such service was recognized by
the corresponding CVC Plans immediately prior to the Distribution Date; provided,
however, that such service shall not be recognized to the extent that such recognition
would result in the duplication of benefits.

     (b) Post-Distribution Service Crediting for the CVC Retirement Plans and AMC
Retirement Plans. Each of CVC and AMC (acting directly or through their respective
Subsidiaries) shall cause each of the CVC Retirement Plans and the AMC Retirement Plans,
respectively, to provide the following service crediting rules effective as of the Distribution
Date:

     (i) If a CVC Employee who participates in, or is eligible to participate but as of
the one-year anniversary of the Distribution Date (the “First Anniversary”) is not
participating in, any of the CVC Retirement Plans becomes an AMC Transferee Employee on or
after the Distribution Date, but on or before the First Anniversary, and such CVC Employee
has been continuously employed by the CVC Group from the Distribution Date through the date
such CVC Employee becomes an AMC Transferee Employee, then such CVC Employee’s service with
the CVC Group following the Distribution Date shall be recognized for purposes of
eligibility, vesting and level of benefits under the corresponding AMC Retirement Plans, in
each case to the same extent as such CVC Employee’s service with the CVC Group was
recognized under the corresponding CVC Retirement Plans; provided, however,
that if at the time of such transfer the Transition Period with respect to any such AMC
Retirement Plan has not yet ended in accordance with the terms hereof, then such AMC
Transferee Employee shall continue to participate, or be eligible to participate, in the
corresponding CVC Retirement Plan until the end of such Transition Period and the foregoing
provisions of this Section 2.3(b)(i) shall be applicable at the time of effectiveness of the
applicable AMC Retirement Plan.

     (ii) If an AMC Employee who participates in, or is eligible to participate but as
of the First Anniversary is not participating in any of the AMC Retirement Plans becomes a
CVC Transferee Employee on or after the Distribution Date but on or before the First
Anniversary and such AMC Employee is continuously employed by the AMC Group from the
Distribution Date through the date such AMC Employee becomes a CVC Transferee Employee, then
such AMC Employee’s service with the AMC Group following the Distribution Date shall be
recognized for purposes of eligibility, vesting and level of benefits under the
corresponding CVC Retirement Plans, in each case to the

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same extent as such AMC Employee’s service with the AMC Group was recognized under the
corresponding AMC Retirement Plans.

     (iii) Notwithstanding anything in this Agreement to the contrary, the employment
service with the CVC Group or the AMC Group shall not be double counted or result in
duplicative benefits or service crediting under any CVC or AMC Retirement Plan.

     (c) Post-Distribution Service Crediting for the CVC and AMC Health & Welfare
Plans.

     (i) If a CVC Employee who participates in any of the CVC Health & Welfare Plans
becomes an AMC Transferee Employee on or after the Distribution Date, but on or before the
First Anniversary, and such CVC Employee has been continuously employed by the CVC Group
from the Distribution Date through the date such CVC Employee becomes an AMC Transferee
Employee, then such CVC Employee’s service with the CVC Group following the Distribution
Date shall be recognized for purposes of eligibility under the corresponding AMC Health &
Welfare Plans, in each case to the same extent as such CVC Employee’s service with the CVC
Group was recognized under the corresponding CVC Health & Welfare Plan; provided,
however, that if at the time of such transfer the Transition Period with respect to
any such AMC Health & Welfare Plan has not yet ended in accordance with the terms hereof,
then such AMC Transferee Employee shall continue to participate in the corresponding CVC
Health & Welfare Plan until the end of such Transition Period and the foregoing provisions
of this Section 2.3(c)(i) shall be applicable at the time of effectiveness of the applicable
Health & Welfare Plan.

     (ii) If an AMC Employee who participates in any of the AMC Health & Welfare Plans
becomes a CVC Transferee Employee on or after the Distribution Date, but on or before the
First Anniversary, and such AMC Employee has been continuously employed by the AMC Group
from the Distribution Date through the date such AMC Employee becomes a CVC Transferee
Employee, then such AMC Employee’s service with the AMC Group following the Distribution
Date shall be recognized for purposes of eligibility under the corresponding CVC Health &
Welfare Plans, in each case to the same extent as such AMC Employee’s service with the AMC
Group was recognized under the corresponding AMC Health & Welfare Plans.

ARTICLE III

U.S. QUALIFIED DEFINED BENEFIT PLAN

     Section 3.1 Cash Balance Pension Plan.

     (a) Effective as of the later of the Distribution Date or June 20, 2011, AMC Participants
will cease to accrue further benefits under the CVC Cash Balance Pension Plan, and CVC and AMC
shall take all necessary action to effectuate such cessation.

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     (b) As of the Distribution Date, except as otherwise expressly provided for in this
Agreement, CVC shall, or shall cause one or more members of the CVC Group to, assume or retain and
CVC hereby agrees to pay, perform, fulfill and discharge, in due course in full all Liabilities
under the CVC Cash Balance Pension Plan. AMC shall pay to CVC an amount in respect of the unfunded
liability attributable to AMC Participants in the CVC Cash Balance Pension Plan as provided in
Section 3.2(e).

     Section 3.2 Treatment of Assets and Liabilities

     (a) Valuation of AMC Accrued Benefit Obligation.

     (i) The CVC Actuary shall determine the following:

     (A) The total accrued benefit obligation as of January 1, 2011 of the CVC
Cash Balance Pension Plan taking into account all participants; and

     (B) The total accrued benefit obligation as of January 1, 2011, of the CVC
Cash Balance Pension Plan taking into account only the AMC Participants.

          The accrued benefits determined in accordance with this Section 3.2(a) shall be
allocated to the priority categories established under Section 4044 of ERISA, in accordance
with the requirements of Section 414(l) of the Code and the regulations thereunder. The
actuarial assumptions and methods used to determine the accrued benefit obligations
described in subparagraphs (i)(A) and (i)(B) above shall be those described in ERISA Section
4044 and the regulations thereunder. Specifically, PBGC assumptions as of January 1, 2011,
as described in Reg. §1.414(l)-1(b)(5)(ii) shall be used.

     (ii) The accrued benefit obligations described in subparagraphs (i)(A) and (i)(B)
above shall be determined using the same data used to determine the funding target, within
the meaning of Section 430(d)(1) of the Code and the regulations thereunder, as of January
1, 2011.

     (iii) Upon completion, the CVC Actuary’s determinations shall be presented for
review and acceptance pursuant to and in accordance with Section 3.2(c) below.

     (b) Allocation of Assets.

          (i) The CVC Actuary shall determine:

          (A) The AMC Allocation, which shall be determined taking into account only
the CVC Cash Balance Pension Plan Liability of AMC Participants; and

          (B) The CVC Allocation, which shall be determined taking into account only
the CVC Cash Balance Pension Plan Liability of all participants other than AMC
Participants.

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     (ii) In making the foregoing determinations, the CVC Actuary shall apply the
Minimum Standards, so that the AMC Allocation and the CVC Allocation shall each comply with
the regulations under Section 414(l) of the Code, and the AMC Allocation shall not exceed
the amount required to comply with the Minimum Standards.

     (c) Final Asset Calculation.

     (i) The AMC Allocation as determined in Section 3.2(b) above shall be adjusted as
follows:

     (A) Increased or decreased to reflect a proportional amount of investment
gains or losses from January 1, 2011 to the last day of the month of the
Distribution Date; and

     (B) Decreased by the full amount of benefits paid to or in connection with
AMC Participants by the CVC Cash Balance Pension Plan during the period from January
1, 2011 to the last day of the month of the Distribution Date; and

     (C) Increased by the vested account balances for employees who transfer from
CVC to AMC during the period from January 1, 2011 to the last day of the month of
the Distribution Date;

     (D) Decreased by the vested account balances for employees who transfer from
AMC to CVC during the period from January 1, 2011 to the last day of the month of
the Distribution Date; and

     (E)
Decreased by the amount of any administrative expenses paid or
accrued by the CVC Cash Balance Pension Plan Trust on behalf of AMC
Participants during the period from January 1, 2011 to the last day of the month of
the Distribution Date.

     (d) Review Procedure.

     (i) The CVC Actuary shall provide its final determinations under Section 3.2(a), (b)
and (c) as soon as practicable after the Distribution Date in writing to CVC, AMC and the
AMC Actuary. Unless otherwise mutually agreed by CVC and AMC, AMC and the AMC Actuary shall
have a period of 90 days from the date of delivery of the CVC Actuary’s final determinations
to review such determinations, and, during such time, CVC and the CVC Actuary shall make
available such additional related information and analysis as AMC may reasonably request.

     (ii) If AMC does not object to the CVC Actuary’s final determinations under Section
3.2 (a), (b) and (c) above within 90 days of provision of such determinations, then the valuation
of Liabilities and allocation of assets shall be final and binding upon the parties.

	 	(iii)	 	If AMC objects, in whole or in part, to any or all of the CVC Actuary’s
final determinations under Section 3.2 (a), (b) and (c) above, CVC and AMC shall engage in
good-faith negotiations to resolve the objection or objections. If any objections
cannot be resolved, the parties shall cooperate to hire an independent actuary who will
make a final determination on the objections presented. The fees and expenses of the
independent actuary shall be borne equally between the parties.

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     (e) AMC Payment to CVC. Upon agreement of all calculations, pursuant to Section
3.2(d) above, between CVC and AMC, AMC will promptly provide payment to CVC of an amount equal to:

     (i) The total CVC Cash Balance Pension Plan account balances for AMC Participants
determined as of the last day of the month of the Distribution Date, minus

     (ii) AMC Allocation of Assets as of the last day of the month of the Distribution Date
as determined in accordance with Sections 3.2(c), minus

     (iii) Any payments AMC remits or has an obligation to remit to CVC for AMC’s
participation during 2011 in the CVC Cash Balance Pension Plan.

     Section 3.3 Separation from Service. The transactions provided for under the
Distribution Agreement shall constitute a separation from service or a termination of employment
for AMC Participants under the CVC Cash Balance Pension Plan and CVC shall provide that
distribution of retirement benefits shall be made to any AMC Employee who requests such
distribution on account of these transactions.

ARTICLE IV

U.S. QUALIFIED DEFINED CONTRIBUTION PLANS

     Section 4.1 The AMC 401(k) Savings Plan.

     (a) Establishment of the AMC 401(k) Savings Plan. Effective as of the day
following the Transition Period End Date for the CVC 401(k) Savings Plan, AMC shall establish a
defined contribution plan and trust for the benefit of AMC Participants (the “AMC 401(k)
Savings Plan”) who immediately prior to the day following such Transition Period End Date were
participants in, or entitled to, future benefits under the CVC 401(k) Savings Plan. AMC shall be
responsible for taking all necessary, reasonable and appropriate action to establish, maintain and
administer the AMC 401(k) Savings Plan so that it is qualified under Section 401(a) of the Code and
that the related trust thereunder is exempt under Section 501(a) of the Code. Notwithstanding the
above, until the Transition Period End Date, all benefits payable to AMC Participants shall be paid
from the CVC 401(k) Savings Plan and AMC will continue to withhold AMC Employee contributions, and
fund matching contributions for AMC Employees and pay CVC the administrative and other expenses for
the payment of such benefits. Any such payments shall be calculated in a manner consistent with
past practice.

     (b) Transfer of CVC 401(k) Savings Plan Assets. As soon as reasonably practicable
following the Transition Period End Date, (i) CVC shall cause the accounts (including any
outstanding loan balances and forfeitures) in the CVC 401(k) Savings Plan attributable to AMC
Participants and all of the Assets in the CVC 401(k) Savings Plan related thereto to be transferred
to the AMC 401(k) Savings Plan, and (ii) AMC shall cause the AMC 401(k) Savings Plan to accept such
transfer of accounts and underlying Assets and, effective as of the date of such transfer, to
assume and to fully perform, pay and discharge all Liabilities of the CVC 401(k) Savings Plan
relating to the accounts of AMC Participants as of the day following such

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Transition Period End Date. The transfer of Assets shall be conducted in accordance with
Sections 414(l) of the Code and the regulations thereunder.

     (c)

Continuation of Elections. As of the effective date of the AMC 401(k) Savings
Plan, AMC (acting directly or through its Subsidiaries) shall cause the AMC 401(k) Savings Plan to
recognize and maintain all elections, including deferral and payment form elections, beneficiary
designations, and the rights of alternate payees under qualified domestic relations orders with
respect to AMC Participants under the CVC 401(k) Savings Plan for the remainder of the period or
periods for which such elections or designations are by their original terms applicable, to the
extent such election or designation was made under the CVC 401(k) Savings Plan.

     Section 4.2 Stock Investment Options.

     (a) No deferrals, employee contributions, employer contributions or exchanges into the CVC
Stock Investment Option shall be permitted to be made by AMC Participants following the
Distribution Date.

     (b) The CVC 401(k) Savings Plan will be amended as of the Distribution Date to: (i)
create an AMC Stock Investment Option; (ii) enable the AMC Stock Investment Option to receive
shares of AMC Class A Common Stock to be distributed in the Distribution on behalf of CVC 401(k)
Savings Plan participants; and (iii) provide that, following the Distribution, no new amounts may
be contributed to an AMC Stock Investment Option, whether through employee contributions, employer
contributions or exchanges.

ARTICLE V

NONQUALIFIED PLANS

     Section 5.1 Excess Cash Balance Pension Plan.

     (a) Effective
as of the Distribution Date, AMC Participants will cease participation in the
CVC Excess Cash Balance Plan, and CVC and AMC shall take all necessary action to effectuate such
cessation.

     (b) As of the Distribution Date, AMC shall assume the Liabilities of the CVC Excess Cash
Balance Plan relating to AMC Participants. Such Liabilities relating to AMC Participants will be
transferred to the CVC Excess Savings Plan and assumed by AMC as of the Distribution Date. CVC will
pay to AMC, as soon as practicable after the Distribution Date, an amount equal to CVC’s good faith
estimate of the amount paid by AMC to CVC for the pension expense accrued under the CVC Excess Cash
Balance Plan (less payments made directly to former participants) during the period from January 1,
2001 through the Distribution Date.

     Section 5.2 No Separation from Service. The transactions provided for under the
Distribution Agreement shall not constitute a separation from service or a termination of
employment under the CVC Excess Cash Balance Plan and no distribution of retirement benefits shall
be made to any AMC Employee on account of these transactions.

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     Section 5.3 Excess Savings Plan.

     (a) Establishment of the AMC Excess Savings Plan. Effective as of the day following
the Transition Period End Date for the CVC Excess Savings Plan, AMC shall establish a defined
contribution plan for the benefit of AMC Participants (the “AMC Excess Savings Plan”) who
immediately prior to the day following such Transition Period End Date were participants in, or
entitled to, future benefits under the CVC Excess Savings Plan. Until the Transition Period End
Date, AMC will withhold AMC Employee contributions, track matching contributions for AMC Employees
and AMC will pay CVC the administrative and other expenses for the payment of such benefits. Any
such payment shall be calculated in a manner consistent with past practice.

     (b) Transfer of CVC Excess Savings Plan Accounts. As soon as reasonably practicable
following the Transition Period End Date, CVC shall cause the accounts in the CVC Excess Savings
Plan (including, without limitation, the amounts transferred to the CVC Excess Savings Plan
pursuant to Section 5.1(b) hereof) attributable to AMC Participants to be transferred to the AMC
Excess Savings Plan and AMC shall cause the AMC Excess Savings Plan to accept such transfer of
accounts and to assume and to fully perform, pay and discharge all Liabilities of the CVC Excess
Savings Plan relating to the accounts of AMC Participants as of the day following such Transition
Period End Date.

     (c) Continuation of Elections. As of the effective date of the AMC Excess Savings
Plan, AMC (acting directly or through its Subsidiaries) shall cause the AMC Excess Savings Plan to
recognize and maintain all elections, including deferral elections and beneficiary designations
with respect to AMC Participants under the CVC Excess Savings Plan for the remainder of the period
or periods for which such elections or designations are by their original terms applicable, to the
extent such election or designation was made under the AMC Excess Savings Plan.

     Section 5.4 Excess Savings Plan Payment. The Parties agree that, as soon as
practicable after the Distribution Date, CVC will pay to AMC the total of the account balances of
all AMC Participants in the CVC Excess Savings Plan as of the Distribution Date, excluding the
balances associated with any amounts transferred from the CVC Excess Pension Plan in accordance
with Section 5.1(b) above.

     Section 5.5 No Separation from Service. The transactions provided for under the
Distribution Agreement shall not constitute a separation from service or a termination of
employment under the CVC Excess Savings Plan or the AMC Excess Savings Plan and shall provide that
no distribution of retirement benefits shall be made to any AMC Employee on account of these
transactions.

     Section 5.6 Transferred Employees. Individuals who become AMC Transferee Employees
between the Distribution Date and the First Anniversary will not be eligible for an immediate
distribution of their account balance from the CVC Excess Pension Plan or the CVC Excess Savings
Plan. Any such account balance in the CVC Excess Pension Plan and/or CVC Excess Savings Plan
relating to AMC Participants shall be transferred to the CVC Excess

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Savings Plan or, if subsequent
to the Transition Period End Date, the AMC Excess Savings Plan.
CVC shall pay AMC an amount equal to the CVC Excess Pension Plan vested account balance and/or
CVC Excess Savings Plan vested account balance of the AMC Transferee Employees as of the transfer
date within 60 days of the transfer date. Individuals who become CVC Transferee Employees between
the Distribution Date and the First Anniversary will not be eligible for an immediate distribution
of their account balance from the CVC Excess Savings Plan or the AMC Excess Savings Plan, if
applicable. Any such account balance in the AMC Excess Savings Plan, if applicable, relating to
CVC Participants shall be transferred to the CVC Excess Savings Plan. AMC shall pay CVC an amount
equal to the CVC Excess Savings Plan vested account balance or the AMC Excess Savings Plan vested
account balance, if applicable of the CVC Transferee Employees as of the transfer date within 60
days of the transfer date.

ARTICLE VI

U.S. HEALTH AND WELFARE PLANS

     Section 6.1 Health and Welfare Plans Maintained by CVC Prior to the Distribution Date.

     (a) Establishment of the AMC Health & Welfare Plans. CVC or one or more of its
Subsidiaries maintain each of the health and welfare plans set forth on Exhibit A attached hereto
(the “CVC Health & Welfare Plans”) for the benefit of eligible CVC Participants and AMC
Participants. Effective as of January 1, 2012, or if later, the applicable Transition Period End
Date (the “Effective Date”), AMC shall, or shall cause one of its Subsidiaries to, adopt
corresponding or substantially similar health and welfare plans for the benefit of eligible AMC
Participants (collectively, the “AMC Health & Welfare Plans”).

     (b) Terms of Participation in AMC Health & Welfare Plans. AMC (acting directly or
through its Subsidiaries) shall cause all AMC Health & Welfare Plans, if applicable, to (i) waive
all limitations as to pre-existing conditions, exclusions, and service conditions with respect to
participation and coverage requirements applicable to AMC Participants, other than limitations that
were in effect with respect to AMC Participants immediately prior to the Effective Date, (ii)
provide credit for any deductible, out-of-pocket maximum, and co-payment incurred by AMC
Participants under the CVC Health & Welfare Plans in which they participated immediately prior to
the Effective Date, in satisfying any applicable deductible or out-of-pocket requirements under any
AMC Health & Welfare Plans during the same plan year in which such deductible, out-of-pocket
maximums and co-payments were made, (iii) waive any waiting period limitation or evidence of
insurability requirement that would otherwise be applicable to an AMC Participant immediately prior
to the Effective Date to the extent such AMC Participant had satisfied any similar limitation under
the analogous CVC Health & Welfare Plan, and (iv) in the case of self-insured AMC Health & Welfare
Plans, provide credit for all benefits paid to AMC Participants under the CVC Health & Welfare
Plans for purposes of determining when such persons have reached their annual and lifetime maximums
under the AMC Health & Welfare Plan. Notwithstanding the foregoing, in the event that any AMC
Participant is confined to a facility for treatment as of the Effective Date, such persons
nevertheless shall become covered under AMC Health & Welfare Plans as of such date, and shall cease
being covered under CVC Health & Welfare Plans as of such date.

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     (c) Post-Distribution Employee Transfers. Notwithstanding anything herein to the
contrary, with respect to any CVC Employee who becomes an AMC Transferee Employee during the period
from the Transition Period End Date until the First Anniversary, AMC shall cause the AMC Health & Welfare
Plans to (i) waive all limitations as to pre-existing conditions, exclusions, and service
conditions with respect to participation and coverage requirements applicable to such individual,
other than limitations that were in effect with respect to AMC Participants at the time of the
individual’s transfer, (ii) provide credit for any deductible, out-of-pocket maximum, and
co-payment incurred by such individual under the CVC Health & Welfare Plans in which he or she
participated immediately prior to the transfer, in satisfying any applicable deductible or
out-of-pocket requirements under any AMC Health & Welfare Plans during the same plan year in which
such deductible, out-of-pocket maximums and co-payments were made, (iii) waive any waiting period
limitation or evidence of insurability requirement that would otherwise be applicable to the
individual immediately prior to the transfer to the extent such individual had satisfied any
similar limitation under the analogous CVC Health & Welfare Plan, and (iv) provide credit for all
benefits paid to the individual under the CVC Health & Welfare Plans for purposes of determining
when such individual has reached his or her annual and lifetime maximums under the analogous AMC
Health & Welfare Plans; provided, however, that if at the time of such transfer the Transition
Period with respect to any such AMC Health & Welfare Plan has not yet ended in accordance with the
terms hereof, then such AMC Transferee Employee shall continue to participate in the corresponding
CVC Health & Welfare Plan until the end of such Transition Period and the foregoing provisions of
this Section 6.1(c) shall be applicable at the time of effectiveness of the applicable AMC
Retirement Plan. With respect to any AMC Employee who becomes a CVC Transferee Employee during the
period from the Transition Period End Date until the First Anniversary, CVC shall cause the CVC Health &
Welfare Plans to (i) waive all limitations as to pre-existing conditions, exclusions, and service
conditions with respect to participation and coverage requirements applicable to such individual,
other than limitations that were in effect with respect to CVC Participants at the time of the
individual’s transfer, (ii) provide credit for any deductible, out-of-pocket maximum, and
co-payment incurred by such individual under the AMC Health & Welfare Plans in which he or she
participated immediately prior to the transfer, in satisfying any applicable deductible or
out-of-pocket requirements under any CVC Health & Welfare Plans during the same plan year in which
such deductible, out-of-pocket maximums and co-payments were made, (iii) waive any waiting period
limitation or evidence of insurability requirement that would otherwise be applicable to the
individual immediately prior to the transfer to the extent such individual had satisfied any
similar limitation under the analogous AMC Health & Welfare Plan, and (iv) provide credit for all
benefits paid to the individual under the AMC Health & Welfare Plans for purposes of determining
when such individual has reached his or her annual and lifetime maximums under the analogous CVC
Health & Welfare Plans.

     Section 6.2 Flexible Spending Accounts Plan. As of the Effective Date, AMC (acting
directly or through its Subsidiaries) shall establish a flexible spending accounts plan (the
“AMC Flexible Spending Accounts Plan”) with features that are comparable to those contained
in the flexible spending accounts plan maintained by CVC for the benefit of AMC Participants
immediately prior to the Effective Date (the “CVC Flexible Spending Accounts Plan”).
Following the Effective Date, AMC Participants in the CVC Flexible
Spending Accounts Plan for the
2011 plan year may submit, for reimbursement in accordance with the CVC Flexible

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 Spending Accounts
Plan, claims for health costs incurred during the 2011 plan year and any
applicable grace period thereafter, and CVC shall be responsible for the payment of such
claims. AMC shall be entitled to retain the net positive balance, if any, of the AMC Participants’
flexible spending accounts from the Transition Period End Date. AMC shall pay to CVC the net
negative balance, if any, of the AMC Participants’ flexible spending accounts from the 2011 plan
year. As of the Effective Date, AMC shall be responsible for administering all reimbursement
claims of AMC Participants under the AMC Flexible Spending Account Plan.

     Section 6.3 Legal Plan. Any case initiated by an AMC Participant under the
Cablevision Group Legal Plan prior to the Effective Date will continue under such plan until
its completion regardless of whether the AMC Participant enrolls in the AMC Group Legal Plan after
the Effective Date.

     Section 6.4 COBRA and HIPAA. As of the Effective Date, AMC (acting directly or
through its Subsidiaries) shall assume, or shall have caused the AMC Health & Welfare Plans to
assume, responsibility for compliance with the health care continuation coverage requirements of
COBRA with respect to AMC Participants who, as of the day prior to the Effective Date, were covered
under a CVC Health & Welfare Plan pursuant to COBRA or were eligible for COBRA under a CVC Health &
Welfare Plan and incur any COBRA claims after the Effective Date. CVC shall be responsible for the
claims incurred by AMC Participants prior to the Effective Date, regardless of whether payments
for such claims are made or due after the Effective Date. CVC (acting directly or through its
Subsidiaries) shall be responsible for administering compliance with the certificate of creditable
coverage requirements of HIPAA applicable to the CVC Health & Welfare Plans with respect to AMC
Participants for the period ending on the Effective Date. The Parties hereto agree that neither
the Distribution nor any transfers of employment directly from the CVC Group to the AMC Group or
directly from the AMC Group to the CVC Group that occur before the Effective Date shall constitute
a COBRA “qualifying event” for purposes of COBRA.

     Section 6.5 Liabilities.

	 	(a)	 	Insured Benefits. With respect to employee welfare and fringe benefits that are
provided through the purchase of insurance, CVC shall cause the CVC Health & Welfare Plans to fully
perform, pay and discharge all claims of AMC Participants that are incurred prior to the Effective
Date (whether reported or unreported by the Effective Date) for the CVC Health & Welfare Plans, and
AMC shall cause the AMC Health & Welfare Plans to fully perform, pay and discharge all claims of
AMC Participants that are incurred on or after the Effective Date. With respect to claims of AMC
Participants that are incurred prior to the Effective Date (whether reported or unreported by the
Effective Date) and paid by the CVC Health & Welfare Plans, AMC, as a Participating Company, shall
pay CVC for any administrative or other expenses. Any such payments shall be calculated in a manner
consistent with past practice.

     (i) Long-Term Disability. Any AMC Participant who is on long-term disability
leave and receiving long-term disability benefits under the Cablevision Long Term
Disability Plan as of the Effective Date shall continue to receive

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     benefits under the
Cablevision Long Term Disability Plan in accordance with the provisions of such Plan
following the Effective Date.

     (ii) Cablevision Executive Life. Effective as of the Distribution Date, AMC
shall assume responsibility for all Liabilities, and fully perform, pay or discharge all
Liabilities when such Liabilities become due, relating to any payments of premiums with
respect to the continued participation of AMC Employees, other than
those employed by both CVC and AMC, who participate in the Cablevision
Executive Life Insurance program, and CVC shall have no obligations with respect to any such
payments.

     (b) Self-Insured Benefits. With respect to employee welfare and fringe benefits that
are provided on a self-insured basis, except as otherwise provided herein, AMC (acting directly or
through its Subsidiaries) shall cause the AMC Health & Welfare Plans to fully perform, pay and
discharge all claims of AMC Participants after the Effective Date that are incurred on or after the
Effective Date. AMC shall reimburse CVC for the administrative and other expenses related to
self-insured benefit claims paid by the CVC Health & Welfare Plans or CVC that were incurred prior
to the Effective Date (whether reported or unreported by the Effective Date). Any such payments
shall be calculated in a manner consistent with past practice.

     (i) Short-Term Disability.

     (A) Any AMC Participant who is on short-term disability leave and
receiving short-term disability benefits under the Cablevision Short-Term
Disability Program as of the Effective Date shall continue to receive
short-term disability benefits under the Cablevision Short-Term Disability
Program. AMC, as a Participating Company, shall reimburse CVC for all
administrative and other expenses paid by the Cablevision Short-Term
Disability Program or CVC after the Effective Date. Any such payments shall
be calculated in a manner consistent with past practice. AMC shall continue
to pay any short-term disability benefits owed to an AMC Participant under
the Cablevision Short-Term Disability Program, if and to the extent
consistent with past practice.

     (B) Any AMC Participant who is on a short-term disability leave as of
the Effective Date, and who but for the transactions contemplated under the
Distribution Agreement would have become eligible for long-term disability
benefits in accordance with the provisions of the Cablevision Long
Term Disability Plan, will continue to be eligible for long-term disability
benefits under the Cablevision Long Term Disability Plan.

     (c) Incurred Claim Definition. For purposes of this Section 6.5, a claim or
Liability is deemed to be incurred (i) with respect to medical, dental, vision and/or prescription
drug benefits, upon the rendering of health services or provision of supplies giving rise to such
claim or

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Liability; (ii) with respect to life insurance, accidental death and dismemberment and
business travel accident insurance, upon the occurrence of the event giving rise to such claim or
Liability; (iii) with respect to disability benefits, upon the date of an individual’s disability,
as determined by the disability benefit insurance carrier or claim administrator, giving rise to
such claim or Liability; and (iv) with respect to a period of continuous hospitalization (or any
medical or other service or supply performed or provided during the period of continuous
hospitalization), upon the date of admission to the hospital.

     Section 6.6 Time-Off Benefits. AMC shall credit each AMC Participant with the amount
of accrued but unused vacation time, sick time and other time-off benefits as such AMC Participant
had with the CVC Group as of the Distribution Date or as of an employee’s transfer date for an
individual who becomes an AMC Transferee Employee prior to the First Anniversary. CVC shall
promptly reimburse AMC for the value of such transferred employee’s unused vacation time, sick time
and other time-off benefits credited by AMC, up to the maximum payout amount for each such
participant. CVC shall credit each CVC Participant with the amount of accrued but unused vacation
time, sick time and other time-off benefits as of an employee’s transfer date for an individual who
becomes a CVC Transferee Employee prior to the First Anniversary. AMC shall promptly reimburse CVC
for the value of such transferred employee’s unused vacation time, sick time and other time-off
benefits credited by CVC, up to the maximum payout amount for each such participant.
Notwithstanding the above, AMC shall not be required to credit any AMC Participant and CVC shall
not be required to credit any CVC Participant with any accrual to the extent that a benefit
attributable to such vacation time, sick time or other time-off benefit is paid out by the CVC
Group or AMC Group, respectively.

     Section 6.7 Severance Pay Plans. The Parties acknowledge and agree that the
transactions contemplated by the Distribution Agreement will not constitute a termination of
employment of any AMC Participant for purposes of any policy, plan, program or agreement of CVC or
AMC or any member of the CVC Group or AMC Group that provides for the payment of severance,
separation pay, salary continuation or similar benefits in the event of a termination of
employment.

ARTICLE VII

EQUITY COMPENSATION

     Section 7.1 Equity Compensation. The Parties, including through instructions with
their respective administrators and recordkeepers, shall use commercially reasonable efforts and
shall cooperate in good faith and act promptly to provide all information and take all other
actions reasonably necessary or appropriate for the adjustment of the Equity Compensation under the
CVC Share Plans, for the issuance of the Equity Compensation under the AMC Share Plans, and to
coordinate the tax treatment of such Equity Compensation as set forth in this Article VII,
all in a manner consistent with the resolutions adopted by the Cablevision Compensation Committee
in connection with the Distribution, the provisions of the CVC Restricted Stock Agreements entered
into in 2011 and the provisions of this Article VII.

     Section 7.2 Forfeiture of CVC Restricted Stock.

     (a) CVC Restricted Stock. If a holder of CVC Restricted Stock forfeits such
restricted stock pursuant to the terms of the applicable CVC Restricted Stock Agreement, the

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parties shall ensure that the appropriate transfer agent promptly returns the forfeited stock to
CVC. For the avoidance of doubt, forfeited CVC Restricted Stock held by an AMC Employee or Former
AMC Employee shall be returned to CVC without any reimbursement by CVC to AMC for such forfeited
restricted stock.

	 	(b)	 	AMC Dividend Shares. If a holder of CVC Restricted Stock outstanding as of the
Distribution Date forfeits such CVC Restricted Stock and therefore forfeits the accompanying AMC
Dividend Shares, the parties shall ensure that the appropriate transfer agent returns the forfeited
AMC Dividend Shares to AMC. For the avoidance of doubt, forfeited AMC Dividend Shares held by a
CVC Employee or Former CVC Employee shall be delivered to AMC without any reimbursement by AMC to
CVC for such forfeited AMC Dividend Shares.

     Section 7.3 Taxes and Withholding.

     (a) Options.

     (i) Exercise Price.

     (A) Upon the exercise of a CVC Option, whether by a CVC Employee,
Former CVC Employee, AMC Employee or Former AMC Employee, the parties shall
take steps to ensure that the applicable stock plan administrator delivers
cash in an amount equal to the exercise price, rounded up to the nearest
whole penny, to CVC, or, in the case of exercises by an AMC Employee or
Former AMC Employee, to AMC, which shall promptly deliver such payment to
CVC.

     (B) Upon the exercise of an AMC Option, whether by a CVC Employee,
Former CVC Employee, AMC Employee or Former AMC Employee, the parties shall
take steps to ensure that the applicable stock plan administrator delivers
cash in an amount equal to the exercise price, rounded up to the nearest
whole penny, to AMC, or, in the case of exercises by a CVC Employee or
Former CVC Employee, to CVC, which shall promptly deliver such payment to
AMC.

     (ii) Taxes.

     (A) Upon exercise of a CVC Option or AMC Option by any holder other
than a CVC Director, the employer or former employer of such holder shall
fund and be liable to the applicable Governmental Authority for any employer
taxes.

     (B) Upon exercise of a CVC Option or AMC Option by any holder other
than a CVC Director, the parties shall take steps to ensure that the
applicable stock plan administrator sells CVC Common Stock or AMC Common
Stock, as applicable, in an amount equal to the required withholding amount
and remits such amount to the employer or former employer of such holder.

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     (C) CVC will be responsible for any tax reporting obligations
associated with any CVC Options outstanding as of the Distribution Date that
are exercised by a CVC Director.

     (b) SARs.

     (i) Settlement.

     (A) As of the Distribution Date, CVC shall be responsible for all
Liabilities under CVC SARs and AMC SARs held by CVC Employees or Former CVC
Employees. CVC shall settle such CVC SARs or AMC SARs upon vesting.

     (B) As of the Distribution Date, AMC shall assume responsibility for
all Liabilities under CVC SARs and AMC SARs held by AMC Employees or Former
AMC Employees. AMC shall settle such CVC SARs and AMC SARs upon vesting.

     (ii) Taxes.

     (A) Upon exercise of a CVC SAR or AMC SAR by any holder, the employer
or former employer of such holder shall fund and be liable to the applicable
Governmental Authority for any employer taxes.

     (B) Upon exercise of a CVC SAR or AMC SAR by any holder, the parties
shall take steps to ensure that the applicable stock plan administrator
delivers the applicable withholding amount to the employer or former
employer of such holder.

     (c) Restricted Stock.

          (i) CVC Restricted Stock. Upon vesting of CVC Restricted Stock with respect to
any holder, CVC will net share settle such restricted stock. If the holder is an AMC
Employee or Former AMC Employee, CVC will cause the cash payments associated with the net
settlement to be delivered promptly to AMC in order for AMC to satisfy the associated
employee withholding obligation. The employer or former employer of the holder shall fund
and be liable to the applicable Governmental Authority for any employer taxes with respect
to the CVC Restricted Stock.

          (ii) AMC Dividend Shares. Upon vesting of CVC Restricted Stock with respect to
any holder, AMC will net share settle the associated AMC Dividend Shares. If the holder is
a CVC Employee or Former CVC Employee, AMC will cause the cash payments associated with the
net settlement to be delivered promptly to CVC in order for CVC to satisfy the associated
employee withholding obligation. The employer or former employer of the holder shall fund
and be liable to the applicable Governmental Authority for any employer taxes with respect
to the AMC Dividend Shares.

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     (d) Dividends Payable on Options, SARs or Restricted Stock.

     (i) CVC shall fund any accrued dividends with respect to CVC Options, CVC SARs or CVC
Restricted Stock. CVC shall fund any dividends accrued as of the Distribution Date with
respect to AMC Options or AMC SARs. To the extent a holder is an AMC Employee or Former AMC
Employee, CVC shall be responsible for remitting to
AMC the amount of such dividends, and AMC shall be responsible for collecting any
applicable employee withholding tax amounts with respect to such dividends.

     (ii) For dividends accrued with respect to CVC Options, CVC SARs, AMC Options, AMC SARs
or CVC Restricted Stock, the employer or former employer of the holder shall fund and be
liable to the applicable Governmental Authority for any employer taxes.

     (e) Restricted Stock Units.

     (i) Settlement. As of the Distribution Date, CVC shall be responsible for all
Liabilities under CVC RSUs that are outstanding as of the Distribution Date and held by CVC
Directors. CVC shall settle, and satisfy any dividend obligations with respect to, such CVC
RSUs in accordance with the terms of the Cablevision Systems Corporation 2006 Stock Plan for
Non-Employee Directors.

     (ii) Taxes. Upon settlement of any CVC RSU that is outstanding as of the
Distribution Date and held by a CVC Director, CVC will be responsible for any associated tax
reporting obligations.

     (f) Tax Deductions. With respect to the Equity Compensation held by individuals who
are CVC Employees or CVC Directors at the time the Equity Compensation becomes taxable and
individuals who are Former CVC Employees at such time, CVC shall claim any federal, state and/or
local tax deductions after the Distribution Date, and AMC shall not claim such deductions. With
respect to the Equity Compensation held by individuals who are employees of the AMC Group at the
time the Equity Compensation becomes taxable and individuals who are Former AMC Employees at such
time, AMC shall claim any federal, state and/or local tax deductions after the Distribution Date,
and CVC shall not claim such deductions. If either CVC or AMC determines in its reasonable
judgment that there is a substantial likelihood that a tax deduction that was assigned to CVC or
AMC pursuant to this Section 7.3 will instead be available only to the other party (whether
as a result of a determination by the IRS, a change in the Code or the regulations or guidance
thereunder, or otherwise), it will notify the other party and both parties will negotiate in good
faith to resolve the issue in accordance with the following principle. The party entitled to the
deduction shall pay to the other party an amount that places the other party in a financial
position equivalent to the financial position the party would have been in had the party received
the deduction as intended under this Section 7.3. Such amount shall be paid within 90 days
of filing the last tax return necessary to make the determination described in the preceding
sentence.

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     Section 7.4 Cooperation. In addition to any cooperation principles governed by
Article X, if, after the Distribution Date, CVC or AMC identify an administrative error in
the individuals identified as holding Equity Compensation, the amount of Equity Compensation so
held, the vesting level of such Equity Compensation, or any other similar error, CVC and AMC shall
mutually cooperate in taking such actions as are necessary or appropriate to place, as nearly as
reasonably practicable, the individual and CVC and AMC in the position in which they would have
been had the error not occurred. Each of the Parties shall establish an appropriate administration
system in order to handle, in an orderly manner, exercises of CVC Options, AMC
Options, CVC SARs and AMC SARs and the settlement of CVC Restricted Stock and AMC Dividend
Shares. Each of the Parties will work together to unify and consolidate all indicative data and
payroll and employment information on regular timetables and make certain that each applicable
entity’s data and records with respect to Equity Compensation are correct and updated on a timely
basis. The foregoing shall include employment status and information required for tax
withholding/remittance, compliance with trading windows and compliance with the requirements of the
Securities Exchange Act of 1934 and other applicable Laws.

     Section 7.5 SEC Registration. The Parties mutually agree to use commercially
reasonable efforts to maintain effective registration statements with the Securities and Exchange
Commission with respect to the long-term incentive awards to the extent any such registration
statement is required by applicable Law.

     Section 7.6 Savings Clause. The Parties hereby acknowledge that the provisions of
this Article VII are intended to achieve certain tax, legal and accounting objectives and,
in the event such objectives are not achieved, the Parties agree to negotiate in good faith
regarding such other actions that may be necessary or appropriate to achieve such objectives.

ARTICLE VIII

ADDITIONAL COMPENSATION AND BENEFITS MATTERS

     Section 8.1 Cash Incentive Awards.

     (a) Cooperation.

     (i) In addition to the provisions of Section 10.1 and 10.2, the Parties shall use
commercially reasonable efforts and shall cooperate in good faith and act promptly to
provide all information and to take all other actions reasonably necessary or appropriate to
achieve the treatment of annual or long-term cash incentive awards established under the
2006 Cablevision Cash Incentive Plan (or the comparable non-executive annual incentive plan
maintained by CVC) or the CVC Long-Term Incentive Plan as approved by the Cablevision
Compensation Committee prior to the Distribution in accordance with the terms of such Plans
and the award agreements issued thereunder, including as set forth in this Section
8.1.

     (ii) CVC agrees to provide AMC, as of June 30, 2011, a statement of the then- currently
accrued amount of long-term cash incentive payments with respect to long-term cash
incentive awards outstanding as of the Distribution Date, that are expected to

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be payable to
AMC Participants. CVC will thereafter provide, on a quarterly basis, the anticipated payout
percentage with respect to such awards.

     (b) Liability.

     (i) Effective as of the Distribution Date and subject to Section 8.2(c), AMC
shall assume or retain, as applicable, responsibilities for all Liabilities, and fully
perform, pay and discharge all Liabilities when such Liabilities become due, relating to any
annual or long-term cash incentive awards, or portion of any such incentive awards,
established under the 2006 Cablevision Cash Incentive Plan (or the comparable non-executive
annual
incentive plan maintained by CVC) or the CVC Long Term Incentive Plan that any AMC
Participant is eligible to receive with respect to any performance period that ends on,
before or after the Distribution Date and, effective as of the Distribution Date, CVC shall
have no obligations with respect to any such incentive awards.

     (ii) CVC acknowledges and agrees that, except as otherwise provided herein, it shall
have full responsibility with respect to any Liabilities and the payment or performance of
any obligations arising out of or relating to any incentive, commission or other similar
compensatory arrangement previously provided by any member of the CVC Group or AMC Group to
any CVC Participant.

     (iii) AMC acknowledges and agrees that, except as otherwise provided herein, it shall
have full responsibility with respect to any Liabilities and the payment or performance of
any obligations arising out of or relating to any incentive, commission or other similar
compensatory arrangement previously provided by any member of the CVC Group or AMC Group to
any AMC Participant.

     (d) CVC Transferred Employees. Notwithstanding anything to the contrary herein, the
following provisions shall apply with respect to any CVC Employee that becomes an AMC Transferee
Employee on or after the Distribution Date (or in advance of the Distribution Date if such
transfer was in connection with the Distribution) and before the First Anniversary:

     (i) CVC shall pay to AMC (A) any unpaid annual cash incentive award established under
the 2006 Cablevision Cash Incentive Plan (the “CVC CIP”), or the comparable
non-executive annual incentive plan maintained by CVC for the calendar year prior to the
year in which the transfer occurs, and (B) a pro-rata portion of any annual cash incentive
award established under the CVC CIP or the comparable non-executive annual incentive plan
maintained by CVC for the calendar year in which the transfer occurs, based upon the number
of days in the applicable calendar year prior to the transfer. Such amount shall be based on
the then current annual target bonus of such employee as well as business unit performance
as determined by the Compensation Committee of CVC in its sole discretion, but without
adjustment for individual performance, and shall be payable to AMC promptly after the
determination of such amounts by the Compensation Committee of CVC. AMC shall pay such
amount to the applicable CVC Employees as soon as practicable after the receipt thereof.

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     (ii) AMC shall provide any such CVC Employee with an annual cash incentive opportunity
for the year in which such transfer occurs equal to that provided to similarly situated AMC
Employees, calculated on a pro-rata basis based upon the number of days in the applicable
calendar year on and after the transfer date. Such amount shall be payable at the time such
annual incentive plan payments are paid to similarly-situated AMC Employees.

     (iii) CVC shall pay to AMC, on or after the date of transfer, the portion of any
long-term cash-incentive award established under the CVC CIP that has been accrued but not
yet been paid up to the date of transfer. AMC shall refund to CVC any portion of such
amount to the extent it relates to an award that is ultimately forfeited by such
employee without payment (such refund, if any, to occur promptly after a forfeiture of
any such award).

     (e) AMC Transferred Employees. Notwithstanding anything to the contrary herein, the
following provisions shall apply with respect to any AMC Employee that becomes a CVC Transferee
Employee on or after the Distribution Date (or in advance of the Distribution Date if such transfer
was in connection with the Distribution) and before the First Anniversary:

     (i) AMC shall pay to CVC (A) any unpaid annual cash incentive award established under
any cash incentive plan maintained by AMC (the “AMC CIP”) for the calendar year
prior to the year in which the transfer occurs, and (B) a pro-rata portion of any annual
cash incentive award established under the AMC CIP for the calendar year in which the
transfer occurs, based upon the number of days in the applicable calendar year prior to the
transfer. Such amount shall be based on the then current annual target bonus of such
employee as well as business unit performance as determined by the Compensation Committee of
AMC in its sole discretion, but without adjustment for individual performance, and shall be
payable to CVC promptly after the determination of such amounts by the Compensation
Committee of AMC. CVC shall pay such amount to the applicable AMC Employees as soon as
practicable after the receipt thereof.

     (ii) CVC shall provide any such AMC Employee with an annual cash incentive opportunity
for the year in which such transfer occurs equal to that provided to similarly situated CVC
Employees, calculated on a pro-rata basis based upon the number of days in the applicable
calendar year on and after the transfer date. Such amount shall be payable at the time such
annual incentive plan payments are paid to CVC Employees.

     (iii) AMC shall pay to CVC, on or after the date of transfer, the portion of any
long-term cash-incentive award established under the AMC CIP that has accrued but not yet
been paid up to the date of transfer. CVC shall refund to AMC any portion of such amount to
the extent it relates to an award that is ultimately forfeited by such employee without
payment (such refund, if any, to occur promptly after a forfeiture of any such award).

     (f) Accrued Corporate Cash Incentive Plan Liability. AMC shall pay to CVC the portion
of the accrued liability for outstanding long-term cash incentive awards for CVC

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corporate
employees which is accrued on the AMC books as of the Distribution Date. Such payment shall be
made through an intercompany settlement on the Distribution Date.

     Section 8.2 Individual Arrangements.

     (a) CVC Individual Arrangements. CVC acknowledges and agrees that, except as
otherwise provided herein, it shall have full responsibility with respect to any Liabilities and
the payment or performance of any obligations arising out of or relating to any employment,
consulting, non-competition, retention or other compensatory arrangement previously provided by any
member of the CVC Group or AMC Group to any CVC Participant.

     (b) AMC Individual Arrangements. AMC acknowledges and agrees that, except as
otherwise provided herein, it shall have full responsibility with respect to any Liabilities and
the payment or performance of any obligations arising out of or relating to any employment,
consulting, non-competition, retention or other compensatory arrangement previously provided by any
member of the CVC Group or AMC Group to any AMC Participant.

     (c) Shared Executives.

     (i) For purposes of this Agreement, for so long as any executive is employed by both
CVC and AMC, such executive shall be considered to be a CVC Employee with respect to all
amounts and awards outstanding as of the Distribution Date. AMC shall not be responsible
for any costs associated with any annual or long-term cash or equity incentive award
outstanding as of the Distribution Date with respect to any such executive.

     (ii) To the extent an executive is employed by both CVC and AMC and receives any life,
accidental death and dismemberment or business travel accident insurance benefits through
each employer from the same insurance carrier that are subject to an aggregate cap, CVC will
have full responsibility for any Liabilities associated with such benefits. Notwithstanding
the foregoing, in the event that CVC and AMC no longer use the same carrier for such
benefits, CVC and AMC will each be responsible for any Liabilities associated with insurance
benefits provided by CVC or AMC, as applicable.

     (d) Effect of the Distribution on Severance. The Parties acknowledge and agree that
the transactions contemplated by the Distribution Agreement will not constitute a termination of
employment of any AMC Participant for purposes of any policy, plan, program or agreement of CVC or
AMC or any member of the CVC Group or AMC Group that provides for the payment of severance,
separation pay, salary continuation or similar benefits in the event of a termination of
employment. 

     Section 8.3 Non-Competition. For the purpose of any non-compete provision in any CVC
Plan, AMC shall not be regarded as a “competitive entity.” For the purpose of any non-compete
provision in any AMC Plan, CVC shall not be regarded as a “competitive entity.” This Section
8.3 shall apply only so long as CVC and AMC remain under common Control.

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     Section 8.4 Director Programs. CVC shall retain responsibility for the payment of any
fees and CVC RSUs payable in respect of service on the CVC Board of Directors that are payable but
not yet paid as of the Distribution Date, and AMC shall have no responsibility for any such
payments (to an individual who is a member of the CVC Board of Directors as of the Distribution
Date or otherwise).

     Section 8.5 Cable, Online and Voice Employee Benefits. In addition to CVC’s
obligations under the Transition Services Agreement (as defined in the Distribution Agreement) with
respect to AMC Employees regarding certain continued cable television, online and voice services
and benefits, CVC shall continue to provide the employee product benefit to those Former AMC
Employees receiving the employee product benefit as of the Distribution Date at the same level
provided to such individuals as of such date, and AMC shall reimburse CVC for
the actual cost, if any, incurred by CVC in continuing to provide those benefits to such
Former AMC Employees.

     Section 8.6 Sections 162(m)/409A. Notwithstanding anything in this Agreement to the
contrary (including the treatment of supplemental and deferred compensation plans, outstanding
long-term incentive awards and annual incentive awards as described herein), the Parties agree to
negotiate in good faith regarding the need for any treatment different from that otherwise provided
herein to ensure that (i) a federal income tax deduction for the payment of such supplemental or
deferred compensation or long-term incentive award, annual incentive award or other compensation is
not limited by reason of Section 162(m) of the Code, and (ii) the treatment of such supplemental or
deferred compensation or long-term incentive award, annual incentive award or other compensation
does not cause the imposition of a tax under Section 409A of the Code.

ARTICLE IX

INDEMNIFICATION

     Section 9.1 Indemnification. All Liabilities retained or assumed by or allocated to
CVC or the CVC Group pursuant to this Agreement shall be deemed to be “Cablevision Liabilities” (as
defined in the Distribution Agreement) for purposes of Article III of the Distribution Agreement,
including the indemnification provisions set forth therein, and all Liabilities retained or assumed
by or allocated to AMC or the AMC Group pursuant to this Agreement shall be deemed to be “AMC
Liabilities” (as defined in the Distribution Agreement) for purposes of Article III of the
Distribution Agreement, including the indemnification provisions set forth therein.

ARTICLE X

GENERAL AND ADMINISTRATIVE

     Section 10.1 Sharing of Information. CVC and AMC (acting directly or through their
respective Subsidiaries) shall promptly provide to the other and their respective agents and
vendors all Information as the other may reasonably request to enable the requesting Party to
administer efficiently and accurately each of its Plans, timely respond to audit requests, to
assist AMC in obtaining its own insurance policies to provide benefits under AMC Plans, and to

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determine the scope of, as well as fulfill, its obligations under this Agreement; provided,
however, that in the event that any Party reasonably determines that any such provision of
Information could be commercially detrimental to such Party or any member of its Group, violate any
Law or agreement to which such Party or member of its Group is a party, or waive any
attorney-client privilege applicable to such Party or member of its Group, the Parties shall
provide any such Information and the Parties shall take all reasonable measures to comply with the
obligations pursuant to this Section 10.1 in a manner that mitigates any such harm or
consequence to the extent practicable, and the Parties agree to cooperate with each other and take
such commercially reasonable steps as may be practicable to preserve the attorney-client privilege
with respect to the disclosure of any such Information. Such Information shall, to the extent
reasonably practicable, be provided in the format and at the times and places requested, but in no
event shall the Party providing such Information be obligated to incur any out-of-pocket expenses
not reimbursed by the Party making such request or make such Information
available outside of its normal business hours and premises. Any Information shared or
exchanged pursuant to this Agreement shall be subject to the same confidentiality requirements set
forth in Section 4.4 of the Distribution Agreement.

     Section 10.2 Reasonable Efforts/Cooperation. Each of the Parties hereto will use its
commercially reasonable efforts to take promptly, or cause to be taken, all actions and to do, or
cause to be done, all things necessary, proper or advisable under applicable Laws to consummate the
transactions contemplated by this Agreement, including adopting plans or plan amendments. Each of
the Parties hereto shall cooperate fully on any issue relating to the transactions contemplated by
this Agreement for which the other Party seeks a determination letter or private letter ruling from
the IRS, an advisory opinion from the DOL or any other filing, consent or approval with respect to
or by a Governmental Authority. Each of the Parties hereto shall be entitled to rely in good faith
on information provided by the other Party and the receiving Party shall not be responsible for any
delays or liability arising from missing, delayed, incomplete, inaccurate or outdated information
and data which is provided by the other Party pursuant to this Agreement.

     Section 10.3 Non-Termination of Employment; No Third-Party Beneficiaries. No
provision of this Agreement or the Distribution Agreement shall be construed to create any right,
or accelerate entitlement, to any compensation or benefit whatsoever on the part of any CVC
Employee or AMC Employee or other CVC Participant or AMC Participant under any CVC Plan or AMC Plan
or otherwise. This Agreement is solely for the benefit of the Parties hereto and their respective
successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to or
shall confer upon any other person or persons (including any CVC Participant or AMC Participant or
either of their respective Subsidiaries) any rights, benefits or remedies of any nature whatsoever
under or by reason of this Agreement. No provision in this Agreement shall modify or amend any
other agreement, plan, program, or document unless this Agreement explicitly states that the
provision “amends” that other agreement, plan, program, or document. This shall not prevent the
Parties entitled to enforce this Agreement from enforcing any provision in this Agreement, but no
other person shall be entitled to enforce any provision in this Agreement on the grounds that it is
an amendment to another agreement, plan, program, or document unless the provision is explicitly
designated as such in this Agreement, and the person is otherwise entitled to enforce the other
agreement, plan, program, or document. If a person not

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entitled to enforce this Agreement brings a lawsuit or other action to enforce any provision
in this Agreement as an amendment to another agreement, plan, program, or document, and that
provision is construed to be such an amendment despite not being explicitly designated as one in
this Agreement, that provision in this Agreement shall be void ab initio, thereby precluding it
from having any amendatory effect. Furthermore, nothing in this Agreement is intended to confer
upon any CVC Employee, Former CVC Employee, AMC Employee or Former AMC Employee, any right to
continued employment, or any recall or similar rights to an individual on layoff or any type of
approved leave.

     Section 10.4 Consent of Third Parties. If any provision of this Agreement is
dependent on the consent of any third party and such consent is withheld, the Parties hereto shall
use their reasonable best efforts to implement the applicable provisions of this Agreement to the
fullest extent practicable. If any provision of this Agreement cannot be implemented due to the
failure of such third party to consent, the Parties hereto shall negotiate in good faith to
implement the provision in a mutually satisfactory manner.

     Section 10.5 Access to Employees. Following the Distribution Date, CVC and AMC shall,
or shall cause each of their respective Subsidiaries to, make available to each other those of
their employees who may reasonably be needed in order to defend or prosecute any legal or
administrative action (other than a legal action between any member of the CVC Group and any member
of the AMC Group) to which any employee, director or Plan of the CVC Group or AMC Group is a party
and which relates to their respective Plans prior to the Distribution Date.

     Section 10.6 Beneficiary Designation/Release of Information/Right to Reimbursement.
To the extent permitted by applicable Law and except as otherwise provided for in this Agreement,
all beneficiary designations, authorizations for the release of information and rights to
reimbursement made by or relating to AMC Participants under CVC Plans shall be transferred to and
be in full force and effect under the corresponding AMC Plans until such beneficiary designations,
authorizations or rights are replaced or revoked by, or no longer apply, to the relevant AMC
Participant.

     Section 10.7 Not a Change in Control. The Parties hereto acknowledge and agree that
the transactions contemplated by the Distribution Agreement and this Agreement do not constitute a
“change in control” for purposes of any CVC Plan or AMC Plan.

ARTICLE XI

MISCELLANEOUS

     Section 11.1 Effect If Distribution Does Not Occur. Notwithstanding anything in this
Agreement to the contrary, if the Distribution Agreement is terminated prior to the Distribution
Date, then all actions and events that are, under this Agreement, to be taken or occur effective
immediately prior to or as of the Distribution Date, or otherwise in connection with the
Distribution, shall not be taken or occur except to the extent specifically agreed to by CVC and
AMC in a written instrument executed after the execution of this Agreement and neither Party shall
have any Liability to the other Party under this Agreement.

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     Section 11.2 Complete Agreement; Construction. This Agreement, including the
Exhibits, shall constitute the entire agreement between the Parties with respect to the subject
matter hereof and shall supersede all previous negotiations, commitments and writings with respect
to such subject matter.

     Section 11.3 Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement, and shall become
effective when one or more such counterparts have been signed by each of the Parties and delivered
to the other Party.

     Section 11.4 Survival of Agreements. Except as otherwise contemplated by this
Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive
the Distribution Date.

     Section 11.5 Notices. All notices and other communications hereunder shall be in
writing, shall reference this Agreement and shall be hand delivered or mailed by registered or
certified mail (return receipt requested) to the Parties at the following addresses (or at such
other addresses for a Party as shall be specified by like notice) and will be deemed given on the
date on which such notice is received:

To Cablevision:

Cablevision Systems Corporation

1111 Stewart Avenue

Bethpage, New York 11714

Attention: General Counsel

To AMC:

AMC Networks Inc.

11 Penn Plaza

New York, New York 10001

Attention: General Counsel

     Section 11.6 Waivers. The failure of any Party to require strict performance by any
other Party of any provision in this Agreement will not waive or diminish that Party’s right to
demand strict performance thereafter of that or any other provision hereof.

     Section 11.7 Amendments. Subject to the terms of Sections 11.8 and 11.10 hereof, this
Agreement may not be modified or amended except by an agreement in writing signed by each of the
Parties.

     Section 11.8 Assignment. This Agreement shall not be assignable, in whole or in part,
directly or indirectly, by any Party without the prior written consent of the other Party, and any
attempt to assign any rights or obligations arising under this Agreement without such consent

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shall be void; provided that either Party may assign this Agreement to a purchaser of
all or substantially all of the properties and assets of such Party so long as such purchaser
expressly assumes, in a written instrument in form reasonably satisfactory to the non-assigning
Party, the due and punctual performance or observance of every agreement and covenant of this
Agreement on the part of the assigning Party to be performed or observed.

     Section 11.9 Third-Party Beneficiaries. This Agreement is solely for the benefit of
the Parties and, to the extent expressly provided herein, their respective Subsidiaries and
Affiliates, and shall not be deemed to confer upon any other Person any remedy, claim, liability,
reimbursement, cause of action or other right of any kind. Without limiting the effect of the
foregoing, this Agreement shall not confer any rights of any kind on, or any duty of any party with
respect to, any CVC Participant, AMC Participant, or person alleging such status.

     Section 11.10 Successors and Assigns. The provisions to this Agreement shall be
binding upon, inure to the benefit of and be enforceable by the Parties and their respective
successors and permitted assigns.

     Section 11.11 Subsidiaries. Each of the Parties shall cause to be performed, and
hereby guarantees the performance of, all actions, agreements and obligations set forth herein to
be performed by any entity that is contemplated to be a Subsidiary of such Party after the
Distribution Date.

     Section 11.12 Title and Headings. Titles and headings to Sections herein are
inserted for convenience of reference only and are not intended to be a part of or to affect the
meaning or interpretation of this Agreement.

     Section 11.13 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED
IN THE STATE OF NEW YORK AND WITHOUT REGARD TO ITS CHOICE OF LAWS PRINCIPLES.

     Section 11.14 Waiver of Jury Trial. The Parties hereby irrevocably waive any and all
right to trial by jury in any legal proceeding arising out of or related to this Agreement.

     Section 11.15 Specific Performance. From and after the Distribution, in the event of
any actual or threatened default in, or breach of, any of the terms, conditions and provisions of
this Agreement, the Parties agree that the Party to this Agreement who is or is to be thereby
aggrieved shall have the right to specific performance and injunctive or other equitable relief of
its rights under this Agreement, in addition to any and all other rights and remedies at law or in
equity, and all such rights and remedies shall be cumulative. The Parties agree that, from and
after the Distribution, the remedies at law for any breach or threatened breach of this Agreement,
including monetary damages, are inadequate compensation for any Loss, that any defense in any
action for specific performance that a remedy at law would be adequate is hereby waived, and that
any requirements for the securing or posting of any bond with such remedy are hereby waived.

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     Section 11.16 Severability. In the event any one or more of the provisions contained
in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein and therein shall not in
any way be affected or impaired thereby. The Parties shall endeavor in good faith negotiations to
replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect
of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

[signature page follows]

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     IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the date
first above written.

	 	 	 	 	 
	 	CABLEVISION SYSTEMS CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 
	 	AMC NETWORKS INC.

 	 
	 	By:  	 	 
	 	 	Name:  		 
	 	 	Title:  		 
	 

[Signature Page to Employee Matters Agreement]

 

 

CVC Health & Welfare Plans

Cablevision CHOICEPlus Medical Plan

Cablevision Dental Plan

Cablevision Vision Plan

Cablevision Group Legal Plan

Cablevision Short-Term Disability Program

Cablevision Long-Term Disability Plan

Cablevision Life and AD&D Plan

Cablevision Employee Assistance Plan

Cablevision Transportation Plan

Cablevision College Savings Plan

Cablevision Fresh Start Policy

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