2. Sodexo's labor, including salaries (and bonuses, if any), wages, taxes, health benefits, relocation expenses, payroll processing, retirement plans, and the cost of
3. administering such plans and services; and
3. Other costs, Charges, and expenses, including, but not limited to, depreciation of equipment, Charges for workers' compensation and general liability insurance based on the average manual rates for such insurance in the geographic area of the Premises, other insurance related to the Services provided herein, costs of licenses, permits and certifications, information systems, software and software maintenance, third-party recruitment and placement fees, marketing and promotional or proprietary materials, uniforms, décor, signage, overnight delivery, if necessary, minor equipment, repair and maintenance of Sodexo-supplied equipment, sales, use and other taxes related to the Services, training expenses (including travel) for employees assigned to the Services, criminal background investigations and drug screenings for Sodexo's employees assigned to the Services at the Premises, Facilities Condition Assessment, and other items and contracted services purchased on behalf
4. of the Services;
5. C.Client shall pay Sodexo a "Management Fee" equal to ten percent (10%) of the Operating Expenses defined in Subsections 1, 2 and 3 above.
6. D.Many of Sodexo's manufacturers, suppliers and distributors provide rebates, allowances, and other payments to Sodexo based on Sodexo's purchasing commitments, aggregate growth incentives and other factors. Prompt payment discounts and all rebates, allowances and other payments obtained from manufacturers, suppliers and distributors, shall be retained by Sodexo.
7. 7.4 Invoicing Procedures.
8. A.Billing. No later than fifteen (15) days after the end of each Accounting Period, Sodexo shall submit to Client an invoice for Operating Expenses and Management Fee. Payment shall be due in accordance with Section IV, Pricing, under the Personal Service
9. Contract.
10. B.All payments shall be made by electronic funds transfer into a bank account designated by Sodexo or as otherwise directed by Sodexo. Client shall pay interest on any unpaid amount not paid when due at the rate of one percent (1%) per month, the highest interest rate permitted by Kentucky law. Upon termination of this Agreement, all outstanding amounts (prorated amounts for work completed), including all accrued and unpaid interest, shall become due and payable within thirty (30) days following the date of invoice, and Sodexo recognizes that Client's payments system is not 30 by default.
11. 7.5 Client's Obligations. In addition to the Operating Expenses and Management Fee, Client, at its expense, shall also provide the following for the Services at the Premises:
12. A.Wages and Salaries, including regular hourly pay, vacation pay, sick pay, bereavement pay, and legal holiday pay for Supervised Employees.
13. B.Social Security taxes, state and federal unemployment insurance, general liability and umbrella insurance, workers' compensation, medical and hospitalization insurance payable on behalf of the Supervised Employees.
14. C.Any physicals or vaccinations and criminal background investigations