Other Corporate Services Sample Clauses

Other Corporate Services. Hyatt also provides a number of other corporate services and programs for the benefit of Hyatt Hotels for which reimbursement is made on a cost recovery basis. These services and programs include in-house merchandising services, group sales promotional programs and events sponsored by two or more Hyatt Hotels, property evaluations, quality assurance manuals, college recruiting programs, other training programs and other various services.

Other Corporate Services. UOL and CMC will share access to any corporate jet services provided by outside vendor(s), except to the extent each party may independently procure such services for itself. A. For the Financial Transaction Services, UOL will charge CMC the cost to UOL of each employee (including salary, bonus and other compensation, insurance, benefits and taxes) engaged full-time in providing the services (based on 40 hour work week) or, if less than full-time, a percentage of that cost, in each case based on the number of hours worked or percentage (reasonable approximation) of time spent. B. In addition, for the Corporate Financial Services, UOL will charge CMC 50% of UOL's corporate costs and expenses for accounting, finance and tax services. These corporate costs are comprised of: • The employee costs of those employees focused primarily on the administration and supervision of accounting, finance and tax functions. • The UOL Service Costs for services that benefit UOL and CMC such as expenses related to common tax filings, financial reporting, corporate accounting, financial reporting systems, etc. • The insurance costs that benefit UOL and CMC, unless the underwriting criteria warrants a different allocation.

Other Corporate Services. The Hyatt Group provides a number of other corporate services and programs for the benefit of Participating Hotels for which reimbursement is made on a cost recovery basis, including taxes, if applicable. These services and programs include group sales promotional programs and events sponsored by two (2) or more Participating Hotels, property evaluations, quality assurance manuals, security services, certain training programs and other various services. Costs are allocated among hotels that receive these services or participate in these programs pursuant to program-specific allocation formulas that the Hyatt Group develops. To illustrate, sales events are billed back to Participating Hotels according to three distinct formulae: (1) for events such as trade shows where customers are not readily identifiable, hotels are billed back based on the number of hotels attending (participation method); (2) for customer-only events where customers are readily identifiable, hotels are billed back based on revenue production by each hotel from customers attending the event (production method); or (3) for other events, and most frequently used, hotels are billed back using a hybrid allocation calculated using fifty percent (50%) of the participation method and fifty percent (50%) of the production method. Training and other corporate meetings are billed back to Participating Hotels based on attendance.

Other Corporate Services. The Hyatt Group corporate office may provide temporary employees to fill vacancies or provide additional staffing to Franchise System Hotels and certain other Hyatt-Affiliated Hotels. The Participating Hotel is charged for the actual cost of these employees.

Other Corporate Services. Select provides a number of other corporate services and programs for the benefit of Hyatt Place Hotels, including, without limitation, revenue management, employment tax credits, certain training programs and other various services. Costs are allocated among hotels that receive these services or participate in these programs as a component of the flat monthly fee charged to each Hotel. The following are not subject to the flat monthly rate for Shared Services:

Other Corporate Services