Document:

exv10w8

Exhibit 10.8

AMC Networks Inc. 2011 Cash Incentive Plan

1. Purpose. The purposes of the AMC Networks Inc. 2011 Cash Incentive Plan are (a) to
advance the interests of the Company and its shareholders by providing a means to motivate the
employees of the Company and its Affiliates, upon whose judgment, initiative and efforts the
continued success, growth and development of the Company is dependent; (b) to link the rewards of
the employees of the Company and its Affiliates to the achievement of specific performance
objectives and goals when so desired; (c) to assist the Company and its Affiliates in maintaining a
competitive total compensation program that serves to attract and retain the most highly qualified
individuals; and (d) to permit the grant and payment of awards that are deductible to the Company
pursuant to Section 162(m) of the Internal Revenue Code when so desired.

2. Definitions. When used in this Plan, unless the context otherwise requires:

(a) “Affiliate” shall mean (i) any Entity controlling, controlled by, or under common
control with the Company or any other Affiliate and (ii) any Entity in which the Company
owns at least five percent of the outstanding equity interests of such Entity.

(b) “Annual Incentive Award” shall mean an annual incentive award to be earned (and
therefore payable) in respect of a Participant’s performance over one Plan Year, granted
pursuant to Section 6.

(c) “Award” shall mean a cash award which is granted or made under the Plan including
an Annual Incentive Award and a Long-Term Incentive Award.

(d) “Board of Directors” shall mean the Board of Directors of the Company, as
constituted at any time.

(e) “Committee” shall mean the Compensation Committee of the Board of Directors, as
described in Section 3.

(f) “Company” shall mean AMC Networks Inc., a Delaware corporation.

(g) “Covered Employee” shall mean any employee of the Company or its subsidiaries
who, in the discretion of the Committee, is likely to be a “covered employee” under Section
162(m) of the Internal Revenue Code for the year in which an Award is payable and any
employee of the Company or an Affiliate designated by the Committee as such, in its
discretion, for purposes of an Award.

(h) “Entity” shall mean any business, corporation, partnership, limited liability
company or other entity.

(i) “GAAP” shall mean accounting principles generally accepted in the United States
of America.

 

 

(j) “Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as amended.

(k) “Long-Term Incentive Award” shall mean a long-term incentive award to be earned
over a period extending beyond one Plan Year, granted pursuant to Section 5.

(l) “Participant” shall mean an employee of the Company or an Affiliate who is
granted an Award by the Committee under the Plan.

(m) “Performance Criteria” shall mean a goal or goals established by the Committee
and measured over a period or periods selected by the Committee, such goal(s) to constitute
a requirement that must be met in connection with the vesting, exercise and/or payment of an
Award under the Plan as specified by the Committee. To the extent that an Award is intended
to satisfy the requirements for deductibility under Section 162(m) of the Internal Revenue
Code, the payment of the Award will be conditioned on the satisfaction of one or more of the
performance criteria listed below over a period or periods selected by the Compensation
Committee. The performance criteria may be determined by reference to the performance of the
Company, an affiliate or a business unit, product, production, network or service thereof or
any combination of the foregoing. Such criteria may also be measured on a per customer,
subscriber, viewer (or available viewer), basic or diluted share basis or any combination of
the foregoing and may reflect absolute performance, incremental performance or comparative
performance to other companies (or their products or services) determined on a gross, net,
GAAP or non-GAAP basis, with respect to one or more of the following: (i) net or operating
income or other measures of profit; (ii) measures of revenue; (iii) earnings before
interest, taxes, depreciation and amortization (EBITDA); (iv) cash flow, free cash flow,
adjusted operating cash flow and similar measures; (v) return on equity, investment, assets
or capital; (vi) gross or operating margins or savings; (vii) performance relative to
budget, forecast or market expectations; (viii) market share or penetration, subscriber or
customer acquisition or retention, ratings or viewership; (ix) operating metrics relating to
sales, subscriptions or customer service or satisfaction; (x) capital spending management or
product or service deployments; (xi) achievement of strategic business objectives such as
acquisitions, dispositions or investments; (xii) a specified increase in the fair market
value of the Company’s common stock; (xiii) a specified increase in the private market value
of the Company; (xiv) the price of the Company’s common stock; (xv) earnings per share;
and/or (xvi) total shareholder return.

(n) “Permitted Transferees” shall have the meaning set forth in Paragraph 9 hereof.

(o) “Plan” shall mean the AMC Networks Inc. 2011 Cash Incentive Plan, as it may be
amended from time to time.

(p) “Plan Year” shall mean the Company’s fiscal year.

 

 

3. Administration.

(a) The Plan shall be administered by the Committee, which shall consist of at least the
minimum number of members of the Board of Directors required by Section 162(m) of the Internal
Revenue Code. Such members shall be appointed by, and shall serve at the pleasure of, the Board of
Directors. Except as otherwise determined by the Board of Directors, the members of the Committee
shall be “non-employee directors” as defined in Rule 16b-3 of the Securities Exchange Act of 1934
(the “Exchange Act”) and “outside directors” to the extent required by Section 162(m) of the
Internal Revenue Code; provided, however, that the failure of the Committee to be so comprised
shall not cause any Award to be invalid. The Committee may delegate any of its powers under the
Plan to a subcommittee of the Committee (which hereinafter shall also be referred to as the
Committee). The Committee may also delegate to any person who is not a member of the Committee or
to any administrative group within the Company, any of its powers, responsibilities or duties. In
delegating its authority, the Committee shall consider the extent to which any delegation may cause
Awards to fail to be deductible under Section 162(m) of the Internal Revenue Code or to fail to
meet the requirements of Rule 16(b)-3(d)(1) or Rule 16(b)-3(e) under the Exchange Act.

(b) The Committee, acting in its sole discretion, shall have full authority, subject to the
terms of the Plan (including Section 10), to (a) exercise all of the powers granted to it under the
Plan, (b) construe, interpret and implement the Plan, grant terms and grant notices, and all Awards
and Award certificates or agreements, (c) prescribe, amend and rescind rules and regulations
relating to the Plan, including rules governing its own operations, (d) make all determinations
necessary or advisable in administering the Plan, (e) correct any defect, supply any omission and
reconcile any inconsistency in the Plan, (f) amend the Plan, (g) grant Awards and determine who
shall receive Awards and the terms and conditions of such Awards, including, but not limited to,
conditioning the payout or other term or condition of an Award on the achievement of Performance
Criteria, if so desired, (h) amend any outstanding Award in any respect including, without
limitation, to (1) accelerate the time or times at which an Award is paid or (2) waive or amend any
goals, restrictions, conditions or Performance Criteria (subject to the requirements of Section
162(m) of the Internal Revenue Code, if applicable to the Award) applicable to such Award, or
impose new goals or restrictions and (i) determine at any time whether, to what extent and under
what circumstances and method or methods (1) Awards may be paid, canceled, forfeited or suspended
or (2) amounts payable with respect to an Award may be deferred either automatically or at the
election of the participant or of the Committee. The enumeration of the foregoing powers is not
intended and should not be construed to limit in any way the authority of the Committee under the
Plan which is intended, to the fullest extent permitted by law, to be plenary. The Plan, and all
such rules, regulations, determinations and interpretations, shall be binding and conclusive upon
the Company, its stockholders and all Participants, and upon their respective legal
representatives, heirs, beneficiaries, successors and assigns and upon all other persons claiming
under or through any of them.

(c) No member of the Board of Directors or the Committee or any employee of the Company or
any of its Affiliates (each such person a “Affected Person”) shall have any liability to any person
(including, without limitation, any Participant) for any action taken or omitted to be taken or any
determination made in good faith with respect to the Plan or any Award. Each

 

 

Affected Person shall be indemnified and held harmless by the Company against and from any loss,
cost, liability or expense (including attorneys’ fees) that may be imposed upon or incurred by such
Affected Person in connection with or resulting from any action, suit or proceeding to which such
Affected Person may be a party or in which such Affected Person may be involved by reason of any
action taken or omitted to be taken under the Plan and against and from any and all amounts paid by
such Affected Person, with the Company’s approval, in settlement thereof, or paid by such Affected
Person in satisfaction of any judgment in any such action, suit or proceeding against such Affected
Person; provided that, the Company shall have the right, at its own expense, to assume and defend
any such action, suit or proceeding and, once the Company gives notice of its intent to assume the
defense, the Company shall have sole control over such defense with counsel of the Company’s
choice. The foregoing right of indemnification shall not be available to an Affected Person to the
extent that a court of competent jurisdiction in a final judgment or other final adjudication, in
either case, not subject to further appeal, determines that the acts or omissions of such Affected
Person giving rise to the indemnification claim resulted
from such Affected Person’s bad faith, fraud or willful criminal act or omission. The foregoing
right of indemnification shall not be exclusive of any other rights of indemnification to which
Affected Persons may be entitled under the Company’s Certificate of Incorporation or By-laws, as a
matter of law, or otherwise, or any other power that the Company may have to indemnify such persons
or hold them harmless.

4. Participants. All employees of the Company or an Affiliate shall be eligible to receive
Awards under the Plan. Nothing herein contained shall be construed to prevent the making of one or
more Awards at the same or different times to the same employee.

5.
Long-Term Incentive Awards.

(a) Terms and Conditions. The amount, form, terms and conditions of each Long-Term
Incentive Award shall be determined by the Committee in its sole discretion and may be set forth in
an Award certificate or agreement. Such terms and conditions may include, without limitation, the
date or dates and the conditions or circumstances upon which such Award shall be paid to the
Participant, forfeited or otherwise modified. The Committee may, in its sole discretion, establish
one or more conditions to the entitlement of a Long-Term Incentive Award including, without
limitation, conditions the satisfaction of which are measured by the achievement of Performance
Criteria.

(b) Duration of Awards. The duration of any Long-Term Incentive Award granted under this
Plan shall be for a period fixed by the Committee but shall in no event be more than ten years.

(c) Dollar Limitation. At the time a Long-Term Incentive Award is granted, the Committee
shall determine whether it is intended to satisfy the requirements of Section 162(m) of the
Internal Revenue Code. In no event shall any Covered Employee be granted, in any one Plan Year,
Long-Term Incentive Awards intended to satisfy such requirements that provide for the maximum
payment of an aggregate amount exceeding $10 million.

 

 

(d) Committee Certification. If the Company establishes conditions to the entitlement of a
Long-Term Incentive Award relating to the achievement of Performance Criteria pursuant to Section
5(a), the Committee shall determine (in a writing consistent with the requirements of Section
162(m) of the Internal Revenue Code with respect to any Covered Employee) whether the Performance
Criteria have been met with respect to any affected Participant and, if they have, so certify and
ascertain the amount of the applicable Long-Term Incentive Award. No such Long-Term Incentive Award
will be paid until such certification is made by the Committee.

(e) Payment of Long-Term Incentive Awards. Except as otherwise provided herein, Long-Term
Incentive Awards shall be payable as soon as practicable following the certification by the
Committee described in Section 5(d). All or any part of any outstanding Long-Term Incentive Awards
granted to any Participant shall be payable upon the occurrence of such special circumstances or
events as determined in the sole discretion of the Committee.

6. Annual Incentive Awards.

(a) Terms and Conditions. The amount, form, terms and conditions of each Annual Incentive
Award shall be determined by the Committee in its sole discretion and may be set forth
in an Award certificate or agreement. Such terms and conditions may include, without limitation,
the date or dates and the conditions upon which such Award shall be paid to the Participant or
forfeited. The Committee may, in its sole discretion, establish one or more conditions to the
entitlement of an Annual Incentive Award including, without limitation, conditions the satisfaction
of which are measured by the achievement of Performance Criteria.

(b) Dollar Limitation. At the time an Annual Incentive Award is granted, the Committee
shall determine whether it is intended to satisfy the requirements of Section 162(m) of the
Internal Revenue Code. In no event shall any Covered Employee be granted, in respect of performance
in any one Plan Year, Annual Incentive Awards intended to satisfy such requirements in a maximum
amount exceeding in the aggregate $10 million.

(c) Committee Certification. If the Company establishes conditions to the entitlement of an
Annual Incentive Award relating to the achievement of Performance Criteria pursuant to Section
6(a), the Committee shall determine (in a writing consistent with the requirements of Section
162(m) of the Internal Revenue Code with respect to any Covered Employee) whether the Performance
Criteria have been met with respect to any affected Participant and, if they have, so certify and
ascertain the amount of the applicable Annual Incentive Award. No Annual Incentive Award will be
paid until such certification is made by the Committee.

(d) Payment of Annual Incentive Awards. Except as otherwise set forth herein, Annual
Incentive Awards shall be payable as soon as practicable following the certification by the
Committee described in Section 6(c). All or any part of any outstanding Annual Incentive Awards
granted to any Participant shall be payable upon the occurrence of such special circumstances or
events as determined in the sole discretion of the Committee.

7. No Right to Continued Employment. Nothing in the Plan or in any Award certificate or
agreement shall confer upon any Participant the right to continued employment by the Company

 

 

or any Affiliate or affect any right which the Company or any Affiliate may have to terminate such
employment.

8. Withholding. If the Company or an Affiliate shall be required to withhold any amounts by
reason of federal, state or local tax laws, rules or regulations in respect of the payment of an
Award to the Participant, the Company or an Affiliate shall be entitled to deduct or withhold such
amounts from any cash payments made to the Participant. In any event, the Participant shall make
available to the Company or Affiliate, promptly when requested by the Company or such Affiliate,
sufficient funds to meet the requirements of such withholding and the Company or Affiliate shall be
entitled to take and authorize such steps as it may deem advisable in order to have such funds made
available to the Company or Affiliate out of any funds or property due to the Participant.

9. Non-Transferability of Awards. Unless the Committee shall permit (on such terms and
conditions as it shall establish) an Award to be transferred to a member of the Participant’s
immediate family or to a trust or similar vehicle for the benefit of members of the Participant’s
immediate family (collectively, the “Permitted Transferees”), no Award shall be assignable or
transferable by a Participant except by will or by the laws of descent and distribution, and except
to the extent required by law, no right or interest of any Participant shall be subject to any
lien, obligation or liability of the Participant.

10. Administration and Amendment of the Plan. The Board of Directors or the Committee may
discontinue the Plan at any time and from time to time may amend or revise the terms of the Plan,
as permitted by applicable law, except that it may not amend or revise, in any manner unfavorable
to a recipient (other than if immaterial), any Long-Term Incentive Award, without the consent of
the recipient of that Long-Term Incentive Award.

11. Right of Offset. The Company shall have the right to offset against its obligation to
deliver amounts under any Award that do not constitute “non-qualified deferred compensation”
pursuant to Section 409A of the Internal Revenue Code or any outstanding amounts of whatever nature
that the Participant then owes to the Company or any of its Affiliates.

12. Effective Date. The Plan shall become effective upon approval by the stockholders of
the Company.

13. Severability. If any of the provisions of this Plan is finally held to be invalid,
illegal or unenforceable (whether in whole or in part), such provision shall be deemed modified to
the extent, but only to the extent, of such invalidity, illegality or unenforceability and the
remaining provisions shall not be affected thereby; provided, that, if any of such provisions is
finally held to be invalid, illegal, or unenforceable because it exceeds the maximum scope
determined to be acceptable to permit such provision to be enforceable, such provision shall be
deemed to be modified to the minimum extent necessary to modify such scope in order to make such
provision enforceable hereunder.

14. Plan Headings. The headings in this Plan are for the purpose of convenience only and
are not intended to define or limit the construction of the provisions hereof.

 

 

15. Non-Uniform Treatment. The Committee’s determinations under the Plan need not be
uniform and may be made by it selectively among persons who receive, or are eligible to receive,
Awards (whether or not such persons are similarly situated). Without limiting the generality of the
foregoing, the Committee shall be entitled, among other things, to make non-uniform and selective
determinations, amendments and adjustments, and to enter into non-uniform and selective Award
certificates or agreements, as to the persons who receive Awards under the Plan, and the terms and
provisions of Awards under the Plan.

16. Section 409A. It is the Company’s intent that Awards under this Plan be exempt from, or comply
with, the requirements of Section 409A of the Internal Revenue Code, and that this Plan be
administered and interpreted accordingly. If and to the extent that any Award made under this Plan
is determined by the Company to constitute “non-qualified deferred compensation” subject to Section
409A of the Internal Revenue Code and is payable to a Participant by reason of the Participant’s
termination of employment, then (a) such payment or benefit shall be made or provided to the
Participant only upon a “separation from service” as defined for purposes of Section 409A of the
Internal Revenue Code under applicable regulations and (b) if the Participant is a “specified
employee” (within the meaning of Section 409A of the Internal Revenue Code and as determined by the
Company), such payment or benefit shall not be made or provided before the date that is six months
after the date of the Participant’s separation from service (or the Participant’s earlier death).

17. Governing Law. All rights and obligations under the Plan shall be construed and
interpreted in accordance with the laws of the State of New York, without giving effect to
principles of conflict of laws.

18. Successors and Assigns. The terms of this Plan shall be binding upon and inure to the
benefit of the Company and its successors and assigns.

19. Final Issuance Date. No Awards shall be made under this Plan after May 16, 2016.

20. Distribution Issuance. Notwithstanding Section 3 of the Plan, the Compensation Committee (the
“Cablevision Committee”) of the Board of Directors of Cablevision Systems Corporation
(“Cablevision”) may grant Awards with respect to outstanding cash incentive awards of Cablevision
in connection with the distribution by Cablevision to holders of its common stock of all of the
outstanding shares of AMC Networks Inc. Class A Common Stock (such distribution, the
“Distribution”). In this capacity, the Cablevision Committee shall have full authority to grant
Awards in connection with the Distribution and determine the recipients, terms and conditions of
such Awards, and each member of the Cablevision Committee shall be considered an “Affected Person”
for purposes of Section 3(c) of the Plan. Actions taken by the Cablevision Committee in accordance
with this Section 20 which have effect after the effective date of this Plan shall be valid even if
such action is taken prior to the effective date of this Plan.exv10w9

Exhibit 10.9

TIME SHARING AGREEMENT

          THIS TIME SHARING AGREEMENT is entered into effective as of the date described in Section 13
below, by and between CSC TRANSPORT, INC., a Delaware corporation with a place of business at 8000
Republic Airport, Hangar 5, Farmingdale, New York 11768 (“Lessor”), and RAINBOW MEDIA HOLDINGS LLC,
a Delaware limited liability company with a place of business at 11 Penn Plaza, New York, New York
10001 (“Lessee”).

WITNESSETH:

          WHEREAS, Lessor is the operator of the fixed-wing and rotary-wing aircraft set forth
on Exhibit A hereto, as amended from time to time (collectively, the “Aircraft”); and

          WHEREAS, Lessor employs fully-qualified and credentialed flight crews to operate the Aircraft;
and

          WHEREAS, Lessor has agreed to lease the Aircraft, with flight crew, to Lessee on a “time
sharing” basis as defined in Section 91.501(c)(1) of the Federal Aviation Regulations (“FAR”) upon
the terms and subject to the conditions set forth herein;

          NOW, THEREFORE, in consideration of the foregoing premises, and the covenants and agreements
set forth herein, and for other good and valuable consideration, the receipt and sufficiency of
which are acknowledged, Lessor and Lessee, intending to be legally bound, hereby agree as follows:

          1. Lease of Aircraft.

          (a) Lessor agrees to lease the Aircraft to Lessee pursuant to the provisions of FAR Section
91.501(b)(6) and Section 91.501(c)(1) and this Agreement, and to provide a fully-qualified and
credentialed flight crew for all flights to be conducted hereunder during the Term (as defined in
Section 13) hereof. Lessor shall use the Aircraft pursuant to such lease solely for flights
conducted for business purposes of Lessor or its parent company or subsidiaries. The parties
acknowledge and agree that this Agreement did not result in any way from any direct or indirect
advertising, holding out or soliciting on the part of Lessor or any person purportedly acting on
behalf of Lessor. Lessor and Lessee intend that the lease of the Aircraft effected by this
Agreement shall be treated as a “wet lease” pursuant to which Lessor provides transportation
services to Lessee in accordance with FAR Section 91.501(b)(6) and Section 91.501(c)(1).

 

 

          (b) If Lessor no longer is the operator of any one or more of the Aircraft,
Exhibit A shall be modified to delete any reference to such Aircraft and this Agreement
shall be terminated as to such Aircraft, but shall remain in full force and effect with respect to
each of the other Aircraft. No such termination shall affect any of the rights or obligations of
the parties accrued or incurred hereunder prior to such termination. If Lessor becomes the operator
of any aircraft not listed in Exhibit A hereto, subject in all respects to the FAR and any
other applicable law or regulation, Exhibit A shall be modified to include such aircraft,
and thereafter this Agreement shall remain in full force and effect with respect to such Aircraft
and each of the other Aircraft.

          2. Payment for Use of Aircraft. Lessee shall pay Lessor the following actual expenses
of each flight conducted under this Agreement as provided below, not to exceed the maximum amount
legally payable for such flight under FAR Section 91.501(d)(1)-(10):

	 	(a)	 	fuel, oil, lubricants and other additives;
	 
	 	(b)	 	travel expenses of crew, including food,
lodging and ground transportation;
	 
	 	(c)	 	hangar and tie-down costs away from the
Aircraft’s base of operation;
	 
	 	(d)	 	additional insurance obtained for the specific
flight at the request of Lessee;
	 
	 	(e)	 	landing fees, airport taxes and similar
assessments;
	 
	 	(f)	 	customs, foreign permit and similar fees
directly related to the flight;
	 
	 	(g)	 	in-flight food and beverages;
	 
	 	(h)	 	passenger ground transportation;
	 
	 	(i)	 	flight planning and weather contract services;
and
	 
	 	(j)	 	an additional charge equal to 100% of the
expenses listed in Section 2(a).

In the case of flights conducted under this Agreement using rotary-wing aircraft, Lessee shall be
obligated to reimburse Lessor for the actual expenses set forth in Section 2(a)-(j) for occupied
legs only and not for deadhead flights. In the case of flights conducted under this Agreement
using fixed-wing aircraft, Lessee shall be obligated to reimburse Lessor for the actual expenses
set forth in Section 2(a)-(j) for all occupied legs and for deadhead flights to the extent
attributable to flights under this Agreement. Lessor and Lessee agree to allocate in good faith
the treatment of any flight or deadhead flight that may be for the joint benefit of Lessor and
Lessee (e.g., involving employees of both parties).

 

 

          3. Operational Control of Aircraft. Lessor and Lessee intend and agree that on all
flights conducted under this Agreement, Lessor shall have complete and exclusive operational
control over the Aircraft, its flight crews and maintenance, and complete and exclusive possession,
command and control of the Aircraft. Lessor shall have complete and exclusive responsibility for
scheduling, dispatching and flight following of the Aircraft on all flights conducted under this
Agreement, which responsibility includes the sole and exclusive right over initiating, conducting
and terminating such flights. Lessee shall have no responsibility for scheduling, dispatching or
flight following on any flight conducted under this Agreement, nor any right over initiating,
conducting or terminating any such flight. Nothing in this Agreement is intended or shall be
construed so as to convey to Lessee any operational control over, or possession, command and
control of, the Aircraft, all of which are expressly retained by Lessor.

          4. Scheduling.

           (a) Lessee will provide Lessor with requests for flight time and proposed flight
schedules as far in advance of any given flight as possible. The designated authorized
representative(s) of Lessee shall submit scheduling requests under this Agreement to the designated
authorized representative(s) of Lessor. Requests for flight time shall be in such form (whether
oral or written) mutually convenient to, and agreed upon by, the parties. In addition to proposed
schedules and flight times, Lessee shall upon request provide Lessor with the following information
for each proposed flight prior to scheduled departure: (i) proposed departure point; (ii)
destination; (iii) date and time of flight; (iv) the number of anticipated passengers; (v) the
nature and extent of luggage to be carried; (vi) the date and time of a return flight, if any; and
(vii) any other pertinent information concerning the proposed flight that Lessor or the flight crew
may request.

          (b) Subject to Aircraft and crew availability, Lessor shall use its good faith efforts in
order to accommodate the needs of Lessee, to avoid conflicts in scheduling, and to enable Lessee to
enjoy the benefits of this Agreement; however, Lessee acknowledges and agrees that notwithstanding
anything in this Agreement to the contrary, (i) Lessor shall have sole and exclusive final
authority over the scheduling of the Aircraft; and (ii) the needs of Lessor for the Aircraft
shall take precedence over Lessee’s rights and Lessor’s obligations under this Agreement.

          (c) Although every good faith effort shall be made to avoid its occurrence, any flight
scheduled under this Agreement is subject to cancellation by either party without incurring
liability to the other party. In the event that cancellation is necessary, the canceling party
shall provide the maximum notice practicable.

          5. Billing. Lessor shall pay all expenses relating to the operation of the Aircraft
under this Agreement. As soon as possible after the end of each calendar month during the Term,
Lessor shall provide to Lessee an invoice showing all use of the Aircraft by Lessee under this
Agreement during that month and a complete accounting detailing all amounts payable by Lessee
pursuant to Section 2 for that month, including such detail supporting all

 

 

expenses paid or
incurred by Lessor for which reimbursement is sought as Lessee may reasonably request. Lessee shall
pay all amounts due to Lessor under this Section 5 not later than 30 days after receipt of the
invoice therefor.

          6. Maintenance of Aircraft. Lessor shall be solely responsible for securing
maintenance, preventive maintenance and inspections of the Aircraft (utilizing an inspection
program listed in FAR Section 91.409(f)), and shall take such requirements into account in
scheduling the Aircraft hereunder.

          7. Flight Crew.

          (a) Lessor shall employ or engage and pay all salaries, benefits and and/or compensation for a
fully-qualified flight crew with appropriate credentials to conduct each flight undertaken under
this Agreement. Lessor may use temporary flight crewmembers for a flight under this Agreement only
if any such temporary crewmember is FlightSafety (or SimuFlite) trained, is current on the Aircraft
and satisfies all of the requirements and conditions under the insurance coverage for the Aircraft.
All flight crewmembers shall be included on any insurance policies that Lessor is required to
maintain hereunder.

          (b) The qualified flight crew provided by Lessor shall exercise all of its duties and
responsibilities with regard to the safety of each flight conducted hereunder in accordance with
applicable FAR’s. The Aircraft shall be operated under the standards and policies established by
Lessor. Final authority to initiate or terminate each flight, and otherwise to decide all matters
relating to the safety of any given flight or requested flight, shall rest with the
pilot-in-command of that flight. The flight crew may, in its sole discretion, terminate any
flight, refuse to commence any flight, or take any other action that, in the judgment of the
pilot-in-command, is necessitated by considerations of safety. No such termination or refusal to
commence by the pilot-in-command shall create or support any liability for loss, injury, damage or
delay in favor of Lessee or any other person. Lessor shall not be liable for delay or failure to
furnish the Aircraft and flight crew pursuant to this Agreement when such failure is caused by
government regulation or authority, mechanical difficulty, war, civil commotion, strikes or labor
disputes, weather conditions, acts of God, or other causes reasonably beyond the control of Lessor.

          8. Insurance.

          (a) At all times during the Term of this Agreement, Lessor shall maintain at its sole cost and
expense aircraft liability insurance against bodily injury and property damage claims, including,
without limitation, contractual liability, premises damage, personal property liability, personal
injury liability, death and property damage liability, public and passenger legal liability
coverage, in an amount not less than $100,000,000 for each single occurrence.

          (b) Any policies of aircraft and liability insurance carried in accordance with this Section 8
and any policies taken out in substitution or replacement of any such policies (i) shall
name Lessee and its officers, directors, employees, agents, servants and guests as additional
insured; (ii) shall provide for 30 days written notice to Lessee by such insurer of cancellation,
change, non-renewal or reduction (seven days in the case of war risk and allied perils coverage

 

 

or
such shorter period as is customarily available in the industry); and (iii) shall permit the use
of the Aircraft by Lessor for compensation or hire to the extent required in order to perform its
obligations under this Agreement. Each shall be primary insurance, not subject to any co-insurance
clause and shall be without right of contribution from any other insurance.

          (c) Lessor shall use reasonable commercial efforts to provide such additional insurance
coverage for specific flights under this Agreement, if any, as Lessee may request in writing.
Lessee acknowledges that any trips scheduled to the European Union may require Lessor to purchase
additional insurance to comply with local regulations. The cost of any such additional
flight-specific insurance shall be borne by Lessee as set forth in Section 2(d) hereof.

          (d) Each party agrees that it will not do any act or voluntarily suffer or permit any
act to be done whereby any insurance required hereunder shall or may be suspended, impaired or
defeated. In no event shall Lessor suffer or permit the Aircraft to be used or operated under this
Agreement without such insurance being fully in effect.

          (e) Lessor shall ensure that worker’s compensation insurance with all-states coverage is
provided for the Aircraft’s crew and maintenance personnel. In addition to and not in limitation
of the foregoing, each party shall maintain (or cause to be maintained) in full force and effect,
at its own expense, workers compensation insurance with all-states coverage covering all employees
whose work relates to or who travel on any one or more of the Aircraft.

          (f) Each party shall deliver certificates of insurance to the other party with respect to the
insurance required or permitted to be provided by it hereunder not later than the first flight of
the Aircraft under this Agreement and upon the renewal date of each policy.

          9. Taxes. Lessee shall be responsible for paying, and Lessor shall be responsible for
collecting from Lessee and paying over to the appropriate authorities, all applicable Federal
transportation taxes and sales, use or other excise taxes imposed by any governmental authority in
connection with any use of the Aircraft by Lessee hereunder. Each party shall indemnify the other
party against any and all claims, liabilities, costs and expenses (including attorney’s fees as and
when incurred) arising out of its breach of this undertaking.

          10. Lessee’s Representations and Warranties. Lessee represents and warrants that:

          (a) It will not use the Aircraft for the purposes of providing
transportation of passengers or cargo in air commerce for compensation or hire or for common
carriage.

          (b) It shall refrain from incurring any mechanic’s or other liens in
connection with inspection, preventive maintenance, maintenance or storage of the Aircraft, and it
shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or create
any kind of lien or security interest involving the Aircraft or do anything or take any action that
might mature into such a lien.

 

 

          (c) It shall not lien or otherwise encumber, or create or place any lien or other
encumbrance of any kind whatsoever, on or against the Aircraft for any reason. It also will ensure
that no liens or encumbrances of any kind whatsoever are created or placed against the Aircraft for
claims against Lessee or by Lessee.

          (d) It will abide by and conform to all laws, governmental and airport orders, rules and
regulations, as shall be imposed upon the lessee of an aircraft under a time sharing agreement.

          11. Lessor’s Representations and Warranties. Lessor represents and warrants that:

          (a) It will abide by and conform to all such laws, governmental and airport orders, rules and
regulations, as shall from time to time be in effect relating in any way to the operation and use
of the Aircraft pursuant to this Agreement.

          (b) Lessor is, and at all times during the Term shall continue to be, a member in good
standing of the National Business Aviation Association that is eligible to take advantage of the
Small Aircraft Exemption with respect to the operation of rotary-wing Aircraft hereunder.

          12. Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, LESSOR
HAS MADE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO ANY OF THE AIRCRAFT,
INCLUDING ANY WITH RESPECT TO ITS CONDITION, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.
IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR TO ANY OTHER PERSON FOR ANY
INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, HOWEVER ARISING.

          13. Term. The term of this Agreement (the “Term”) shall commence on the effective date
of the contemplated “spin-off” of Lessee as a separate public company (and shall not become
effective if such spin-off does not occur in 2011) unless terminated in accordance with the
provisions hereof, shall remain in full force in effect for an initial term of five years and
thereafter shall automatically renew for successive one-year terms. Notwithstanding the foregoing,
either party shall have the right to terminate this Agreement for any reason or no reason effective
as of the last day of the initial term or any renewal term by written notice given to the other
party not less than 180 days prior to the last day of that term. In addition, this Agreement shall
terminate effective on the date specified in written notice from Lessor to Lessee to the effect
that Lessor no longer operates any aircraft, which notice shall be given by Lessor to Lessee as
soon as reasonably practicable after Lessor becomes aware that such is or will be the case.

          14. Limitation of Liability. Lessee, for itself and on behalf of its principals,
members, managers, officers, directors, agents, guests, invitees, licensees and employees,
covenants and agrees that the insurance described in Section 8 hereof shall be its sole recourse
for any and all liabilities, claims, demands, suits, causes of action, losses, penalties, fines,

 

 

expenses or damages, including reasonable attorneys fees, court costs and witness fees attributable
to the use, operation or maintenance of the Aircraft pursuant to this Agreement or performance of
or failure to perform any obligation under this Agreement.

          15. Relationship of Parties. Lessor is strictly an independent contractor
lessor/provider of transportation services with respect to Lessee. Nothing in this Agreement is
intended, nor shall it be construed so as, to constitute the parties as partners or joint
venturers or principal and agent. All persons furnished by Lessor for the performance of the
operations and activities contemplated by this Agreement shall at all times and for all purposes be
considered Lessor’s employees or agents.

          16. Governing Law; Severability. This Agreement shall be governed by and interpreted
in accordance with the laws of the State of New York, without regard to its choice of law rules.
If any provision of this Agreement conflicts with any statute or rule of law of the State of New
York, or is otherwise unenforceable, such provision shall be deemed null and void only the extent
of such conflict or unenforceability, and shall be deemed separate from, and shall not invalidate,
any other provision of this Agreement.

          17. Amendment. This Agreement may not be amended, supplemented, modified or
terminated, or any of its terms varied, except by an agreement in writing signed by each of the
parties hereto.

          18. Counterparts. This Time Sharing Agreement may be executed in counterparts, each
of which shall, for all purposes, be deemed an original and all such counterparts, taken together,
shall constitute one and the same agreement, even though all parties may not have executed the same
counterpart. Each party may transmit its signature by facsimile, and such faxed signature shall
have the same force and effect as an original signature.

          19. Successors and Assigns. This Time Sharing Agreement shall be binding upon the
parties hereto, and their respective heirs, executors, administrators, other legal representatives,
successors and assigns, and shall inure to the benefit of the parties hereto, and, except as
otherwise provided herein, to their respective heirs, executors, administrators, other legal
representatives, successors and permitted assigns. Lessee agrees that it shall not sublease,
assign, transfer, pledge or hypothecate this Agreement or any part hereof (including any assignment
or transfer pursuant to or as a part of any merger, consolidation or transfer of assets) without
the prior written consent of Lessor, which may be given or withheld by Lessor in its sole and
absolute discretion.

          20. Notices. All notices or other communications delivered or given under
this Agreement shall be in writing and shall be deemed to have been duly given if hand-delivered,
sent by certified mail return receipt requested or by nationally-utilized overnight delivery
service on a priority basis or confirmed facsimile transmission, as the case may be.

 

 

Such notices shall be addressed to the parties at the addresses set forth below, or to such
other address as may be designated by any party in a writing delivered to the other in the manner
set forth in this Section 20. Notices shall be deemed received on the date delivered. Routine
communications may be made by e-mail or fax to the addresses set forth therein.

	 	 	 

	Notices to Lessee:

	 	Notices to Lessor:
	 
	 	 
	Rainbow Media Holdings LLC

	 	CSC Transport, Inc.
	11 Penn Plaza

	 	8000 Republic Airport, Hangar 5
	New York, New York 10001

	 	Farmingdale, New York 11735
	Attn : Sean Sullivan, COO

	 	Attn: Philip Prosedda
	Telephone: (646) 393-8135

	 	Telephone: (516) 803-5910
	Fax: (646) 273-7392

	 	Fax: (516) 694-6923
	E-mail: ssullivan@rainbow-media.com

	 	E-mail: pprossed@cablevision.com
	 
	 	 
	and

	 	and

	 
	 	 
	Rainbow Media Holdings LLC

	 	CSC Holdings, Inc.
	11 Penn Plaza

	 	1111 Stewart Avenue
	New York, New York 10001

	 	Bethpage, New York 11714
	Attn : Jamie Gallagher, EVP & GC

	 	Attn: David Ellen, General Counsel
	Telephone: (646) 273-3606

	 	Telephone: (516) 803-2300
	Fax: (646) 273-3789

	 	Fax: (516) 803-2575

          21. Small Aircraft Exemption and Truth-in-Leasing
Compliance.

          (a) In order to satisfy the requirements of the Small Aircraft Exemption, Lessor shall with
respect to each rotary-wing Aircraft used in an operation under this Agreement: (i) provide to the
Farmingdale Flight Standards District Office the written notice of operations to be conducted under
this Agreement with a rotary-wing Aircraft required under such Exemption, a copy of this Agreement,
and a copy of the inspection program used to conform the rotary-wing Aircraft with the requirements
of FAR Section 91.409(f); and (ii) make all required logbook entries showing the provision of FAR
Section 91.501 pursuant to which the rotary-wing Aircraft is being operated hereunder. Lessor will
carry a copy of this Agreement and a copy of the NBAA Small Aircraft Exemption (a copy of the
current Small Aircraft Exemption is attached hereto as Exhibit B) in each rotary-wing
Aircraft at all times that such rotary-wing Aircraft is being operated hereunder.

          (b) In order to satisfy the requirements of FAR 91.23 Lessor shall, on behalf of Lessee, (i)
mail a copy of this Agreement to the Aircraft Registration Branch, Technical Section, of the FAA in
Oklahoma City within 24 hours of its execution; and (ii) with respect to each Aircraft used in an
operation under this Agreement, notify the appropriate Flight Standards District Office at least 48
hours prior to the first flight of such Aircraft under this Agreement of the registration number of
the Aircraft, and the location of the airport of departure and departure

 

 

time of such first flight; and carry a copy of this Agreement on board the Aircraft at all times
when the Aircraft is being operated under this Agreement.

          22. TRUTH IN LEASING STATEMENT UNDER FAR SECTION 91.23:

          (A) LESSOR HEREBY CERTIFIES THAT EACH OF THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER
FAR PART 91 DURING THE 12-MONTH PERIOD PRECEDING THE DATE OF EXECUTION OF THIS AGREEMENT. EACH
AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH THE MAINTENANCE AND INSPECTION
REQUIREMENTS OF FAR PART 91 FOR ALL OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.

          (B) CSC
TRANSPORT, INC., 8000 REPUBLIC AIRPORT, HANGAR 5, FARMINGDALE, NEW
YORK 11735, HEREBY
CERTIFIES THAT IT IS RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT FOR ALL OPERATIONS UNDER
THIS AGREEMENT.

          (C) EACH PARTY HEREBY CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH
APPLICABLE FEDERAL AVIATION REGULATIONS.

          (D) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL
AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT
STANDARDS DISTRICT OFFICE.

(signature page follows)

 

 

     IN WITNESS WHEREOF, Lessor and Lessee have executed this Time Sharing Agreement effective as
of the date first above written.

	 	 	 	 	 	 	 	 	 

	 	 	LESSOR:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	CSC TRANSPORT, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	LESSEE:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RAINBOW MEDIA HOLDINGS LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	Date:	 	 	 	 

 

 

EXHIBIT A

AIRCRAFT

(as of           , 2011)

Gulfstream Aerospace G-V, s/n 639, N501CV (fixed-wing)

Sikorsky S-76C, s/n 760453, N381CV

Sikorsky S-76C, s/n 760698, N301CV

Keystone Helicopter Corp. (Sikorsky) S-76C, s/n 760746, N401CV

 

 

EXHIBIT B

NBAA Exemption (#7897C)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]