Corporate Services. (a) Commencing as of the date hereof (the "Effective Date") and at the request of the Company, ACTV will provide or otherwise make available to the Company certain general corporate services, including but not limited to certain administrative staff functions, electronic data processing services, and the administration of the participation of the Company and the Company's employees in ACTV's insurance programs, such as Group Medical and Life Insurance, and Liability and Property and Casualty Insurance. (b) For performing the aforesaid services, ACTV will charge the Company for the Company's pro rata share of the aggregate costs actually incurred in connection with such services by ACTV. Such charge shall be determined on a quarterly basis commencing with the first full fiscal quarter ending after the Effective Date and shall be payable within 30 days from the date of billing. It is the intent of the parties that the Company shall reimburse ACTV for the costs and expenses (including overhead costs) reasonably incurred by ACTV in furnishing the aforesaid services to the Company. The Company may request a review of the amount of such charge by giving to ACTV written notice of its desire for a review.
Appears in 3 contracts
Sources: Services Agreement (Actv Inc /De/), Services Agreement (Actv Inc /De/), Services Agreement (Actv Inc /De/)