Common use of Back Office Clause in Contracts

Back Office. The Transition Committee shall coordinate, and the Parties shall practice, all necessary acts to segregate the teams, processes and systems of human resources, personnel department and other administrative activities currently conducted together, including, but not limited to, payroll processing management and service to subcontractors, provided that the accesses of the members of each team shall be individualized within one (1) year as from the Effective Spin-off Date. Until the completion of the segregation provided for in this Clause, Sendas shall reimburse CBD, and CBD shall reimburse Sendas, however the case may be, for any and all costs and expenses related to the shared activities, maintaining the sharing rules currently practiced by the Parties.

Appears in 2 contracts

Sources: Separation and Other Covenants Agreement (Brazilian Distribution Co Companhia Brasileira De Distr CBD), Separation and Other Covenants Agreement (Sendas Distributor S.A.)