Triarc Beverage definition
Examples of Triarc Beverage in a sentence
Such other services as the parties may agree are necessary for the efficient and profitable operations of the Triarc Beverage Group.
Expertise and assistance in legal matters, including any reporting obligations of any member of the Triarc Beverage Group under the Securities Exchange Act of 1934, and the services of a Corporate Secretary and such other support staff as Triarc shall reasonably consider to be appropriate and necessary to handle such matters.
Expertise and assistance in financial presentation and planning and such services as are reasonably necessary for the Triarc Beverage Group to comply with its financial reporting obligations to third parties, including report preparation, compliance with generally accepted accounting principles, footnote disclosure, compilation and review.
Triarc owns (i) 850,000 shares of common stock, par value $1.00 per share (the "TBHC Common Shares"), of Triarc Beverage Holdings Corp.
In consideration for the providing of the Services, each member of the Triarc Beverage Group agrees, jointly and severally, to pay an aggregate annual service fee of $6.7 million, subject to adjustment as provided in paragraph 4 hereof (as so adjusted, the "Fee").
Triarc shall provide to the Triarc Beverage Group during the Term the services listed in this Agreement and such other management services as the Triarc Beverage Group may reasonably request (collectively, the "Services").
Employees of Triarc engaged in performing the Services shall under no circumstances be considered to be employees of any member of the Triarc Beverage Group.
In addition, on the effective date of this Agreement (as provided in paragraph 13 hereof), each member of the Triarc Beverage Group shall pay to Triarc all accrued and unpaid management fees for all prior periods through February 25, 1999, which payment shall not be deemed to be a payment with respect to the Fee due hereunder.
This Agreement sets forth the entire understanding between the members of the Triarc Beverage Group and Triarc relating to the subject matter hereof and supercedes all prior management services agreements between Triarc and each of the members of the Triarc Beverage Group.
Upon the creation or acquisition of an entity that becomes a member of the Triarc Beverage Group, such entity shall, if it desires to receive any of the Services provided hereunder, execute a counterpart hereto and shall thereafter be bound by the terms of this Agreement (including, without limitation, the terms of paragraph 6 hereof) as if it were an original signatory hereto.