COORDINATION FEES. Each of True North, FCBI and TNBV, on the one hand, and Publicis, Communication and PBV, on the other hand, shall pay to the other coordination fees of 1% of capitalized bill▇▇▇▇ ▇▇▇ "qualified international accounts" (as hereinafter defined), computed as being 6.67% of revenue from such qualified international accounts. Such fees shall be payable hereunder retroactively from January 1, 1996. Each of True North, FCBI and TNBV, on the one hand, and Publicis, Communication and PBV, on the other hand, agree to pay all such fees due in respect of bill▇▇▇▇ ▇▇▇ing calendar year 1996 on or prior to June 30, 1997, such payment to be made by certified check. All fees due in respect of each succeeding calendar year, including 1997, shall be due and payable on June 30 of the year immediately following such year, such payment to be made by appropriate means. Each of True North, FCBI and TNBV, on the one hand, and Publicis, Communication and PBV, on the other hand, agree to provide the other party with such 18 19 information requested by such party as is reasonably required in order to substantiate such fee requests. "Qualified international accounts" are clients which are (i) aligned on a worldwide basis with either Publicis or True North, (ii) served by a worldwide coordination team working with an agency consisting of agency employees located in proximity to the client's headquarters and delivering services through local agencies and (iii) coordinated on and administered by such team through a global network of local agencies. Specific clients which will be "qualified international accounts" for 1996 and subsequent years, if any, will be jointly agreed upon by the CEO of Communication and the CEO of FCB
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COORDINATION FEES. Each of True North, FCBI and TNBV, on the one hand, and Publicis, Communication and PBV, on the other hand, shall pay to the other coordination fees of 1% of capitalized bill▇▇▇▇▇▇▇▇ ▇▇▇ for "qualified international accounts" (as hereinafter defined), computed as being 6.67% of revenue from such qualified international accounts. Such fees shall be payable hereunder retroactively from January 1, 1996. Each of True North, FCBI and TNBV, on the one hand, and Publicis, Communication and PBV, on the other hand, agree to pay all such fees due in respect of bill▇▇▇▇▇▇▇▇ ▇▇▇ing during calendar year 1996 on or prior to June 30, 1997, such payment to be made by certified check. All fees due in respect of each succeeding calendar year, including 1997, shall be due and payable on June 30 of the year immediately following such year, such payment to be made by appropriate means. Each of True North, FCBI and TNBV, on the one hand, and Publicis, Communication and PBV, on the other hand, agree to provide the other party with such 18 19 information requested by such party as is reasonably required in order to substantiate such fee requests. "Qualified international accounts" are clients which are (i) aligned on a worldwide basis with either Publicis or True North, (ii) served by a worldwide coordination team working with an agency consisting of agency employees located in proximity to the client's headquarters and delivering services through local agencies and (iii) coordinated on and administered by such team through a global network of local agencies. Specific clients which will be "qualified international accounts" for 1996 and subsequent years, if any, will be jointly agreed upon by the CEO of Communication and the CEO of FCB
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