The Companys financial, administrative and credit services subsidiary, FACS Group, Inc. (FACS), provides credit processing, collections, customer service and credit marketing services for the proprietary credit programs of the Companys retail operating divisions in respect of all proprietary and non-proprietary credit card accounts owned by the Company and credit processing, customer service and credit marketing for those accounts owned by GE Capital Consumer Card Co., (GE Bank). GE Bank owns all of the Macys credit card accounts originated prior to December 19, 1994, when R.H. Macy & Co., Inc. was acquired pursuant to a merger, and an allocated portion of the Macys credit card accounts originated subsequent to such merger. In addition, FACS provides payroll and benefits services to the Companys retail operating and service divisions
Contract Categories:
Mergers & Acquisitions
- Merger Agreements
EX-10.46.1 8 l06445aexv10w46w1.txt EX-10.46.1 EXHIBIT 10.46.1 REVISED EXHIBIT A To EMPLOYMENT AGREEMENT Dated as of March 1, 2003 Name: Terry Lundgren End of Term: February 28, 2007 Revised Base Compensation: $1,250,000 Effective Date of Revisions: January 15, 2004 Date: January 29, 2004 TERRY J. LUNDGREN FEDERATED CORPORATE SERVICES, INC. /s/ Terry J. Lundgren /s/ Dennis J. Broderick - --------------------------- ---------------------------------- President
