Human Resources Support Services. Subject to the rules set forth -------------------------------- below, Packaging Company shall provide (or have provided by TBS or otherwise to) Automotive Company or its Affiliates the following corporate-wide human resource support services that are currently being provided to the Automotive Company and/or members of the Automotive Group: a. Benefits administration by Hewixx & Xssociates LLC and other outside administrators. Packaging Company will provide management of the services that are outsourced and continue benefits administration services currently being provided by TBS. b. Assistance in executive compensation plans, including stock options, restricted stock, performance shares, deferred compensation, director's stock options, and director's restricted stock. c. Generation of EEO reports. d. Packaging Company will prepare, process and disburse invoices and check requests for Prudential relocations or cause such services to be provided. Packaging Company shall provide the services described in this Section 8.04 for the period from the Distribution Date through the earlier of (i) December 31, 2000 and (ii) the date as of which Automotive Company no longer desires such services, provided that Automotive Company shall have given Packaging Company at least 60 days' advance written notice of such date. In consideration for such services, other than third party fees as described in the next sentence, Automotive Company shall pay Packaging Company per . Any third party fees for such services for outsourced providers utilized with respect to the Automotive Group as of the date hereof, or for new outsourced providers selected with prior consent of Automotive Company (which consent shall not be unreasonably withheld or delayed), will be billed directly by the third party to Automotive Company; provided, that if the third party refuses to bill Xxxomotive Company directly, Automotive Company shall reimburse Packaging Group for all amounts which it pays such third party on behalf of Automotive Company. Reference is made to the Transition Services Agreement between Tenneco and Packaging Company of even date herewith (the "Transition Services Agreement"). The services described in this Section 8.04 shall be considered Packaging Services (as such term is defined in the Transition Services Agreement) for purposes of Sections 2.3, 3, 4, 5 and 7 of the Transition Services Agreement and shall be provided in accordance with and subject to the terms and conditions thereof. The provisions of Sections 4.2, 4.3, 4.4 and 7 of the Transition Services Agreement shall survive termination of the provision of services hereunder.
Appears in 3 contracts
Samples: Human Resources Agreement (Tenneco Packaging Inc), Human Resources Agreement (Tenneco Packaging Inc), Human Resources Agreement (Tenneco Packaging Inc)
Human Resources Support Services. Subject to the rules set forth -------------------------------- below, Packaging Company shall provide (or have provided by TBS or otherwise to) Automotive Company or its Affiliates the following corporate-wide human resource support services that are currently being provided to the Automotive Company and/or members of the Automotive Group:
a. Benefits administration by Hewixx & Xssociates LLC and other outside administrators. Packaging Company will provide management of the services that are outsourced and continue benefits administration services currently being provided by TBS.
b. Assistance in executive compensation plans, including stock options, restricted stock, performance shares, deferred compensation, director's stock options, and director's restricted stock.
c. Generation of EEO reports.
d. Packaging Company will prepare, process and disburse invoices and check requests for Prudential relocations or cause such services to be provided. Packaging Company shall provide the services described in this Section 8.04 for the period from the Distribution Date through the earlier of (i) December 31, 2000 and (ii) the date as of which Automotive Company no longer desires such services, provided that Automotive Company shall have given Packaging Company at least 60 days' advance written notice of such date. In consideration for such services, other than third party fees as described in the next sentence, Automotive Company shall pay Packaging Company per . Any third party fees for such services for outsourced providers utilized with respect to the Automotive Group as of the date hereof, or for new outsourced providers selected with prior consent of Automotive Company (which consent shall not be unreasonably withheld or delayed), will be billed directly by the third party to Automotive Company; provided, that if the third party refuses to bill Xxxomotive Company directly, Automotive Company shall reimburse Packaging Group for all amounts which it pays such third party on behalf of Automotive Company. Reference is made to the Transition Services Agreement between Tenneco and Packaging Company of even date herewith (the "Transition Services Agreement"). The services described in this Section 8.04 shall be considered Packaging Services (as such term is defined in the Transition Services Agreement) for purposes of Sections 2.3, 3, 4, 5 and 7 of the Transition TENNECO DISTRIBUTION AGREEMENT Services Agreement and shall be provided in accordance with and subject to the terms and conditions thereof. The provisions of Sections 4.2, 4.3, 4.4 and 7 of the Transition Services Agreement shall survive termination of the provision of services hereunder.
Appears in 1 contract