Secondment Fee. (a) The General Partner shall, or shall cause another member of the Public Company Group to, pay to Hess an annual fee, payable in equal monthly installments, that will reflect the costs incurred by Hess with respect to its employment of the Seconded Employees (the “Secondment Fee”). The Parties acknowledge and agree that the Secondment Fee is intended to cover the total cost of employing the Seconded Employees during the Period of Secondment (the “Total Services Costs”) to the extent such Total Services Costs are attributable to the provision of the Employee Functions. Hess shall determine in good faith the percentage of the Total Services Costs that are attributable to the provision of the Employee Functions by the Seconded Employees to the General Partner based on Xxxx’x then-current corporate transfer pricing policies, as generally applied in a non-discriminatory manner. To the extent that the amount of any cost or expense, once known, varies from the estimate used for determining the Secondment Fee hereunder, the difference, once determined, shall be added to or subtracted from the Secondment Fee for the following year.
Secondment Fee. (a) The General Partner shall pay to Hess an annual fee, payable in equal monthly installments, that will reflect the costs incurred by Hess with respect to its employment of the Seconded Employees (the “Secondment Fee”). The Parties acknowledge and agree that the Secondment Fee is intended to cover the total cost of employing the Seconded Employees during the Period of Secondment (the “Total Services Costs”) to the extent such Total Services Costs are attributable to the provision of the Employee Functions. Hess shall determine in good faith the percentage of the Total Services Costs that are attributable to the provision of the Employee Functions by the Seconded Employees to the General Partner based on Xxxx’x then-current corporate transfer pricing policies, as generally applied in a non-discriminatory manner. To the extent that the amount of any cost or expense, once known, varies from the estimate used for determining the Secondment Fee hereunder, the difference, once determined, shall be added to or subtracted from the Secondment Fee for the following year.
Secondment Fee. (a) The General Partner shall cause HESM or one of its Subsidiaries, on behalf of the Public Company Group, to pay to Hess a monthly fee that will reflect the costs incurred by Hess with respect to its employment of the Seconded Employees (the “Secondment Fee”). The Parties acknowledge and agree that the Secondment Fee is intended to cover the total cost of employing the Seconded Employees during the Period of Secondment (the “Total Services Costs”) to the extent such Total Services Costs are attributable to the provision of the Employee Functions. Hess shall determine in good faith the percentage of the Total Services Costs that are attributable to the provision of the Employee Functions by the Seconded Employees to the General Partner based on Xxxx’x then-current corporate transfer pricing policies, as generally applied in a non-discriminatory manner.
Secondment Fee. (A) Subject to Section 8.1(j)(iii), Buyer shall pay to Seller a secondment fee equal to the cash compensation and the fringe benefit rate Exhibit 2.01 (which, for the avoidance of doubt, equals thirty one and one-half percent (31.5%) of the respective Milestone Employee’s base salary as in effect immediately before the Closing Date) applicable to the Milestone Employees (excluding any amounts with respect to equity grants, bonus payments for the 2012 year under Seller’s Annual Incentive Plan and any amounts with respect to post-retirement benefits) paid or provided to the Milestone Employees to the extent not in excess of the level of compensation payable to and the fringe benefit rate applicable to the Milestone Employees as in effect immediately prior to the Closing; provided, however, that Buyer shall only be responsible for severance benefits arising from the termination of the employment of a Milestone Employee as a result of a request by Buyer to end such Milestone Employee’s secondment for reasons which, if asserted by Seller or its Affiliates, would give rise to an obligation to pay severance under the Seller Severance Plan as in effect as of the date of this Agreement (in which case Seller shall, and shall cause its Affiliates to, include Buyer and its Affiliates as released parties in any release obtained from the Milestone Employee in connection with such severance).
Secondment Fee. 4.1 During the Secondment Period, the Recipient shall pay to the Employer in arrears each calendar month a secondment fee (plus VAT thereon) of such sum as is notified to the Recipient by the Employer as being the costs of employing the Employee during the relevant calendar month in accordance with the Contract of Employment including, but not limited to, wages and salaries, pension contributions, benefits, tax and National Insurance contributions and employee related overheads and expenses (plus VAT thereon). Each monthly secondment fee (plus VAT) shall be payable by the Recipient to the Employer within 7 days of an invoice being submitted to the Recipient by the Employer.
Secondment Fee. (a) The General Partner shall, or shall cause another member of the Public Company Group to, pay on a monthly basis to Hess the fees described in this Section 3.1 (the “Secondment Fee”) . The Parties acknowledge and agree that the Secondment Fee is intended to cover and reimburse Hess for the total costs actually incurred by Hess and its Affiliates in connection with employing the Seconded Employees during the Period of Secondment (the “Total Services Costs”) to the extent such Total Services Costs are attributable to the provision of the Employee Functions. Hess shall determine in good faith the percentage of the Total Services Costs that are attributable to the provision of the Employee Functions by the Seconded Employees to the General Partner based on Xxxx’x then-current corporate transfer pricing policies, as generally applied in a non-discriminatory manner or based on such other reasonable cost allocation methodology as Hess shall determine.
Secondment Fee
