Amendment No. 2 to Transition Services Agreement between NACCO Industries, Inc. and Hyster-Yale Materials Handling, Inc.

Contract Categories: Business Operations › Services Agreements
Summary

NACCO Industries, Inc. and Hyster-Yale Materials Handling, Inc. have amended their Transition Services Agreement, effective July 1, 2013. This amendment updates the schedules detailing the transition services each company will provide to the other, including IT support, employee benefits, HR legal consulting, and compensation support, along with the associated monthly fees. The amendment also allows each party to designate a new contact person with written notice. The agreement is signed by authorized officers from both companies.

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EX-10.1 2 ncex101q22013.htm EXHIBIT NCEX10.1Q22013




AMENDMENT NO. 2
TO THE
TRANSITION SERVICES AGREEMENT
 

NACCO Industries, Inc. (“NACCO”) and Hyster-Yale Materials Handling, Inc. (“Hyster-Yale”) hereby adopt this Amendment No. 2 to the Transition Services Agreement effective as of September 28, 2012 (the “Agreement”). The terms of this Amendment shall be effective as of July 1, 2013. Words used herein with initial capital letters that are defined in the Agreement are used herein as so defined.

Section 1

Schedules A and B to the Agreement are each hereby amended in their entirety to read as follows:

“Schedule A -Transition Services To Be Performed by NACCO and Its Subsidiaries
Description of Transition Service
Monthly Fee(s)
Contact Person / Successor Contact Person*
IT operating system support services for Hyster-Yale
$500 plus a proportionate share of any third party costs incurred to separate IT systems, including the Global Compliance Contract and the Concur Contract
Zach Vinduska

*NACCO may designate a successor contact person upon written notice to Hyster-Yale.”

“Schedule B- Transition Services To Be Performed by Hyster-Yale
Description of Transition Service
Monthly Fee(s)
Contact Person / Successor Contact Person*
IT operating system support services for NACCO
$500 plus a proportionate share of any third party costs incurred to separate IT systems, including the Global Compliance Contract and Concur Contract
John Bartho
Employee Benefit and HR Legal and Consulting Support
$10,000
Mary Maloney
Compensation Support
$3,500
JoAnn Morano

*Hyster-Yale may designate a successor contact person upon written notice to NACCO.”

IN WITNESS WHEREOF, each of the signatories hereto has caused this Agreement to be signed by its duly authorized officer as of the date first above written.
NACCO INDUSTRIES, INC.

By: /s/ J.C. Butler, Jr.
Name: J.C. Butler, Jr.
Title: Senior Vice-President - Finance, Treasurer and Chief Administration Officer

HYSTER-YALE MATERIALS HANDLING, INC.

By: /s/ Charles A. Bittenbender    
Name: Charles A. Bittenbender
Title: Vice-President, General Counsel and Secretary