(B&W) PROTECTED BY MINNESOTA TOBACCO LITIGATION PROT9criTtORDER
CENTRAL GROUP RESEARCH - COST SHARING
Comparison Of IMASCO/B-AT AGREEMENT
With The BWT/B-AT Agreement
While I do not have a copy of the current BWT/B-AT contract
that would reflect the revised rate of .21%, IMASCO's con-
tract is basically the same as BWT's with the following
minor differences:
1. Term Of Contract - IMASCO's contract is on a calendar
year basis whereas BWT's is on a fiscal year basis
Z ---fending 9/30). IMASCO's contract further provides a
clause on termination (clause 7).
2. Amount To Be Paid - IMASCO's contract sets out the under-
lying formula in determining each participants amount
with the provision that their share for any year _through
December 31, 1981 not exceed .21% of its "net It
3. Net Turnover - IMASCO's contract embodies th
of "net turnover" whereas BWT's does not. 11
for purposes of the IMASCO agreement exclude
and excise taxes, same as BWT calculates. However,
IMASCO's agreement does not, by definition, exclude
inter-group net turnover.
4. Other Factors - IMASCO'S contract grants IMASCO personnel
the right of access to the BAT research laboratories for
observation, elaboration and consultation whereas BWT's
contract simply provides for prompt dissemination of
information resulting from Central Group Research.
IMASCO's contract further states (clause B) that they
and the other participants have a voice in the nature
of Central Group Research.
@z
Zw
B. E. B.
2/19/81