HEADQUARTERS LEDGER SERVICES. Maintaining a general ledger for holding company and accounting for debt, stock and inter-company transactions at the holding company level. - Additional services may be included upon agreement of both parties. II SERVICE FEES Category 1 Fees and Category 3 Fees. Schedule 3 SERVICE SCHEDULE 4 INFORMATION TECHNOLOGY SERVICES I DESCRIPTION OF SERVICES
HEADQUARTERS LEDGER SERVICES. 4.2 - Administering Kraft stock options granted under the ______ Plan, as well as Xxxxxx Xxxxxx stock awards to Kraft employees under Xxxxxx Xxxxxx plans. - Preparing all necessary reports related to stock option exercises. - Maintaining a general ledger for holding company and accounting for debt, stock and intercompany transactions at the holding company level. Additional services may be included upon agreement of both parties. II SERVICE FEES The Fee payable for the financial services, financial consolidations and reporting and financial research shall be $2,677,196. The Fee is based on the following: Financial Services. The Fee will include: (i) the cost of financial services determined as per the separate Shared Service Center Agreement already approved by Kraft; (ii) the total cost of financial services (accounts payable, travel and entertainment, and payroll processing) as defined above, performed at San Antonio and Xxxxxx Barre facilities less specific one-time costs associated with the integration of non-Kraft entities, specific one-time costs for assisting Kraft in systems enhancements, conversions or upgrades; (iii) the cost of the Leadership Team multiplied by the ratio of the number of Kraft transactions processed annually divided by the total number of transactions processed annually; (iv) the salaries, fringe benefits, executive compensation benefits (if applicable) and depreciation/amortization of office equipment and software (the "Employee Costs") attributed to each member of the Leadership Team based on the percentage of PMMC's estimate of the time spent by that employee on Kraft projects and daily maintenance of operations divided by the total time spent by each member of the Leadership Team; (v) a management fee equal to 5% of the aggregate amounts calculated pursuant to (i) and (iv); (vi) the cost of assisting Kraft in systems enhancements, conversions or upgrades in an amount to be negotiated between Kraft and PMMC prior to the commencement of the project, plus or minus cost overruns or shortfalls, approved in advance by Kraft; and (vii) third-party costs paid on behalf of Kraft, such as consultant fees. The capitalized cost of systems enhancements, conversions or upgrades that pertain or are planned to pertain to the entire Xxxxxx Xxxxxx organization will be paid for by Xxxxxx Xxxxxx Companies Inc. The Fee will also include the depreciation/amortization of such costs each year based upon the proportion of transactions processed for ...
HEADQUARTERS LEDGER SERVICES. The Fee will include: (i) Employee Costs attributed to each employee in this group based upon the ratio of PMMC's estimate of the time spent by each employee on projects applicable to Kraft in the maintenance of Kraft stock options, the maintenance of Xxxxxx Xxxxxx stock options, stock awards, incentive compensation, long-term incentive compensation and executive trusts in the name of Kraft employees, and the maintenance of a holding company general ledger for Kraft divided by the total time spent by such employee multiplied by the Employee Costs of such employee; (ii) a management fee equal to 5% of the aggregate amount calculated pursuant to (i); and (iii) third-party expenses incurred on behalf of Kraft to vendors for stock option maintenance, consultants and travel and entertainment.
