Direct Allocations

Direct Allocations. Shall mean (i) the Company's share of the cost of the Parent's shared service centers (i.e., creative, operations, warehouse, Hong Kong, product integrity, etc.) based on estimated usage or time spent working on behalf of the Company, and (ii) corporate overhead (i.e., occupancy, finance & accounting, MIS, legal & business affairs, human resources, insurance, etc.) allocated to the Company based on estimated usage/service levels; provided that the methodology for determining Direct Allocations... shall be the same as that used by the Company and Parent in preparing budgets and accounting statements prior to the date hereof. The parties acknowledge and agree that Direct Allocations have historically under Parent's practice and shall continue to exclude the Parent's expenses of being a public company (e.g., expenses of filing period reports under the Securities Exchange Act of 1934, investor relations expenses, preparation and distribution of proxy statements, annual meeting expenses, Board of Directors fees and expenses, etc.). View More