Product Research & Development Clause Samples

Product Research & Development. Product research and development and the development of brand standards, excluding product research and development related to an area that is reimbursable as a Chain Service or a direct Deduction such as product research and development for sales and marketing. NOTE: Chain Services are services that are furnished generally to System hotels on a central basis and that fall into the following categories of services: National Sales Services; Central Training Services and relocation of property management personnel; National Advertising Services; and Computer, Payroll and Accounting Services. As of December 31, 2019, these categories include the areas set forth below and the supervision of such areas below the level of Executive Vice President and (on a regional basis) Regional Executive: 1. National Sales Office Services, which includes the following subcategories: · Worldwide sales offices · Domestic sales offices · Distribution marketing · Travel industry sales · National transient sales · Intermediary sales · E-commerce sales · Regional sales and marketing · Revenue management · Customer events 2. Central Training Services and relocation, which includes the following subcategories: · Training salaries of new property managers · Costs of recruiting and hiring property managers · Development and delivery of training programs · Tuition reimbursement program for property associates · Relocation costs of property managers