R&D Services Costs. Subject to Section 3.01(e)(xiv), the Xxxxx Xxxxxx Entities shall pay the fees, costs and expenses to GE Global Research for GE Provided R&D Services and the GE Entities shall pay the fees, costs and expenses to the Xxxxx Xxxxxx Entities for Xxxxx Xxxxxx Provided R&D Services (each individually, “R&D Fees”) as set forth in each Statement of Work. The payment of R&D Fees shall not be contingent on the payer’s satisfaction as to the results of any R&D Services. Without limiting the generality of Section 3.01(e), (i) GE Provided R&D Services shall be provided by GE Global Research at GE Global Research’s then-current then-effective rates that it generally charges to businesses of GE and its Affiliates, which may be adjusted from time to time consistent with past practices and (ii) Xxxxx Xxxxxx Provided R&D Services shall be provided at the then-current, then-effective rates that are generally charged to Xxxxx Xxxxxx Entities or unincorporated business units thereof for such services, which may be adjusted from time to time consistent with past practice. The Xxxxx Xxxxxx Entities and the GE Entities will bear all direct personnel costs (including salary, benefits, insurance, travel and lodging, etc.) associated with their own respective personnel involved with work undertaken under this Agreement.
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Samples: Intercompany Services Agreement (Bear Newco, Inc.), Intercompany Services Agreement (BAKER HUGHES a GE Co LLC), Intercompany Services Agreement (BAKER HUGHES a GE Co LLC)
R&D Services Costs. Subject to Section 3.01(e)(xiv), the Xxxxx Xxxxxx Entities shall pay the fees, costs and expenses to GE Global Research for GE Provided R&D Services and the GE Entities shall pay the fees, costs and expenses to the Xxxxx Xxxxxx Entities for Xxxxx Xxxxxx Provided R&D Services (each individually, ““ R&D Fees”) as set forth in each Statement of WorkWork . The payment of R&D Fees shall not be contingent on the payer’s satisfaction as to the results of any R&D ServicesServices . Without limiting the generality of Section 3.01(e), (i) GE Provided R&D Services shall be provided by GE Global Research at GE Global ResearchResearch ’s then-current then-effective rates that it generally charges to businesses of GE and its AffiliatesAffiliates , which may be adjusted from time to time consistent with past practices and (ii) Xxxxx Xxxxxx Provided R&D Services shall be provided at the then-current, then-effective rates that are generally charged to Xxxxx Xxxxxx Entities or unincorporated business units thereof for such services, which may be adjusted from time to time consistent with past practice. The Xxxxx Xxxxxx Entities and the GE Entities will bear all direct personnel costs (including salary, benefits, insurance, travel and lodging, etc.) associated with their own respective personnel involved with work undertaken under this AgreementAgreement .
Appears in 1 contract
Samples: Intercompany Services Agreement