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19
RelatedPartyTransactions
Agreements entered into in connectionwith the reorganization transactions
166
Worldline
2016 Registration Document
Agreements”.
Local Services Agreements, see Section
19.1.1.3, “Local Services
implementation of the Reorganization Transactions. For detailed
information on the extent of the services provided under the
necessary in order to conduct their activities following the
Group Services Agreement
19.1.1.1
services relating to global marketing strategy, and product,
Agreement and the Intra-Worldline Group Services Agreements
include the following: IT and telecommunications services,
procurement services, global communication and talent
management services, services relating to global sales strategy,
The operational services provided under the Group Services
client and partnership development services.
cover services relating to management, sales, mergers and
acquisitions, as well as financial, legal, compliance, internal
control, human resources and innovation services.
Support function services provided under these agreements
the means of invoicing them depend on the service being
provided.
The terms pursuant to which these services are rendered and
Agreements.
In 2016, the Company paid Atos International SAS a total of
€
20.9
million in connection with the Group Services
Services Agreement provides for automatic termination without
prior notice (in the absence of an agreement to the contrary
between the parties) in the event that Atos SE ceases to hold,
successive 12-month terms. They may be terminated at any time
by the Company, with respect to its local operational
subsidiaries, and by Atos International SAS, with respect to the
Company, by providing two months’ prior notice. The Group
The Group Services Agreement and the Intra-Worldline Group
Services Agreement were renewable automatically for
the parties) in the event that the Company ceases to hold,
directly or indirectly, more than 50% of the relevant Worldline
Group subsidiary.
directly or indirectly, more than 50% of the Company’s share
capital. Similarly, each of the Intra-Worldline Group Services
Agreements provides for automatic termination without prior
notice (in the absence of an agreement to the contrary between
Specific Services Agreements
19.1.1.2
the implementation of reorganization projects, including in
connection with the Reorganization Transactions, and the terms
for re-invoicing the services provided in that context by external
providers.
and the Intra-Worldline Specific Services Agreements relate to
The services provided under the Specific Services Agreement
In 2016, the Company paid Atos International SAS a total of
€
1.4
million in connection with the Specific Services
Agreements.
the event that the Company ceases to hold, directly or indirectly,
more than 50% of the relevant Worldline subsidiary.
Similarly, each of the Intra-Worldline Specific Services Agreements
provides for automatic termination without prior notice (in the
absence of an agreement to the contrary between the parties) in
Agreement provides for automatic termination without prior
notice (in the absence of an agreement to the contrary between
the parties) in the event that Atos SE ceases to hold, directly or
indirectly, more than 50% of the Company’s share capital.
for successive twelve-month terms. They may be terminated at
any time by the Company, with respect to its local subsidiaries,
and by Atos International SAS, with respect to the Company, by
providing two months’ prior notice. The Specific Services
Services Agreement were entered into for an initial term of twelve
months as from January
1, 2013 and are renewable automatically
The Specific Services Agreement and the Intra-Worldline Specific
Local Services Agreements
19.1.1.3
The scope of the services provided under the Local Services
Agreements is specified in the Support Function Services
Agreements, the Operational Level Agreements and/or the Time
and Material Services Agreements annexed to the
Inter-company Services Agreements.
management, sales, marketing, IT, telecommunications and/or
human resources services, with the exception of the services
provided by Atos International SAS under the Group Services
Agreement (see Section
19.1.1.1, “Group Services Agreement”).
The services provided under the Support Function Services
Agreements include, as applicable, the provision of financial, legal,
assistance and platform administration.
activities, including data centers, call centers, technical
The services provided under the Operational Level Agreements
cover, as applicable, services relating to the Group’s operational
are provided on a one-off basis at the request of the local
Worldline entity to the Atos service provider.
The Services provided under the Time and Materials
Agreements include, in particular, technical, engineering,
consulting and software development services. These services
of materials used to provide such services.
half-year period. Payment for the services provided under the
Time and Materials Agreements is based on the time spent by
the service provider’s employees plus, where applicable, the cost
monthly, with the fee reviewed at the beginning of each
The services provided under the Support Function Services
Agreements and Operational Level Agreements are invoiced
on the agreement.
The Local Services Agreements were entered into for an
indefinite term and may be terminated by either party by
providing between six and eighteen months’ notice, depending