Common use of CALCULATION OF THE INITIAL BASE CHARGES Clause in Contracts

CALCULATION OF THE INITIAL BASE CHARGES. Prior to the signature of each Country Agreement, Exult shall provide the Baseline Guarantee for each Process. BPA shall pay to Exult following each Process Take On Date the Initial Base Charges which shall be an amount equal to the [***]* [***]* During Baseline Validation, the parties will reconcile the amounts invoiced in relation to each Process and the actual [***]* and [***]* cost savings realised by BPA relating to that Process being taken on by Exult. If such actual costs are found to be: (i) greater than the amounts invoiced by Exult, Exult shall submit an invoice for the difference (actual [***]* and [***]* cost savings less the invoiced amount) . (ii) less than the amounts invoiced by Exult, but greater than the Baseline Guarantee, Exult shall issue BPA a credit on the following month's invoice for the difference (invoiced amount less the actual [***]* and [***]* cost savings). (iii) less than the amount invoiced by Exult and the Baseline Guarantee, Exult shall issue BPA a credit on the following month's invoice for an amount equal to the -------- * Confidential treatment is requested for redacted portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

CALCULATION OF THE INITIAL BASE CHARGES. Prior to the signature of each Country Agreement, Exult shall provide the Baseline Guarantee for each Process. BPA shall pay to Exult following each Process Take On Date the Initial Base Charges which shall be an amount equal to the [***]* [***]* During Baseline Validation, the parties will reconcile the amounts invoiced in relation to each Process and the actual [***]* and [***]* cost savings realised by BPA relating to that Process being taken on by Exult. If such actual costs are found to be: (i) greater than the amounts invoiced by Exult, Exult shall submit an invoice for the difference (actual [***]* and [***]* cost savings less the invoiced amount) . (ii) less than the amounts invoiced by Exult, but greater than the Baseline Guarantee, Exult shall issue BPA a credit on the following month's invoice for the difference (invoiced amount less the actual [***]* and [***]* cost savings). (iii) less than the amount invoiced by Exult and the Baseline Guarantee, Exult shall issue BPA a credit on the following month's invoice for an amount equal to the -------- difference between the invoice amount and the Baseline Guarantee. * Confidential treatment is requested for redacted portion. The confidential Confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.