Common use of Audits Regarding Vendor Contracts Clause in Contracts

Audits Regarding Vendor Contracts. From the period beginning as of the Distribution Date or such other date as REI and Resources mutually agree upon and ending on such date as REI and Resources may mutually agree, REI and Resources and their duly authorized representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the REI Health and Welfare Plans and the Resources Health and Welfare Plans. The scope of such audits shall remain consistent with the current practices and all documents and other information currently made available for review shall continue to be made available. REI and Resources shall agree on the performance standards, audit methodology, auditing policy and quality measures, reporting requirements, and the manner in which costs incurred in connection with such audits will be shared.

Appears in 3 contracts

Sources: Employee Matters Agreement (Reliant Resources Inc), Employee Matters Agreement (Reliant Energy Resources Corp), Employee Matters Agreement (Reliant Resources Inc)