Common use of Service    Description    Countries Clause in Contracts

Service    Description    Countries. Budget/Projection/Actual Reporting • Provider provides general oversight role and Recipient local finance directors own the process. • Local finance directors’s to set FAS expense budgets (5 DB plans) taking input from actuaries as needed. • Local Recipient finance directors take ownership of analysis of financial impact on any plan amendments. • Expense and funding impact of proposed design changes should be quantified and evaluated for decision-making purposes. Domestic and International Pension Plan Accounting • Recipient/FSS own all aspects of pension accounting. Financial Statements, disclosures, etc. SOX Controls • Recipient responsible for identifying and implementing SOX controls.