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This excerpt taken from the HBI 10-K filed Sep 28, 2006. Intellectual
Property Matters Agreement
We also entered into an Intellectual Property Matters Agreement
with Sara Lee. The Intellectual Property Matters Agreement
provides for the license by Sara Lee to us of certain software.
It also will govern the wind-down of our use of certain of Sara
Lee’s trademarks (other than those being transferred to us
in connection with the spin off).
The following table sets forth the fees billed to the Company by
PricewaterhouseCoopers LLP for services in the fiscal years
ended July 2, 2005 and July 1, 2006:
In the above table, in accordance with applicable SEC rules,
“Audit fees” include: (a) fees billed for
professional services for the audit of the combined and
consolidated financial statements included in this Annual Report
on
Form 10-K,
and (b) fees billed for services that are normally provided
by the principal accountant in connection with statutory and
regulatory filings or engagements.
For the year ended July 2, 2005, tax fees of $199,886
billed directly to and paid by Sara Lee are not included in the
above table. For the year ended July 1, 2006, audit fees of
$3,519,193 billed directly to and paid by Sara Lee are not
included in the above table. These fees relate to professional
services for the audit of the combined and consolidated
financial statements included in our Registration Statement on
Form 10.
Our Audit Committee has not adopted pre-approval policies and
procedures with respect to services to be rendered by
PricewaterhouseCoopers.
Table of Contents
Intellectual Property Matters Agreement We also entered into an Intellectual Property Matters Agreement with Sara Lee. The Intellectual Property Matters Agreement provides for the license by
Sara Lee to us of certain software. It also will govern the wind-down of our use of certain of Sara Lee’s trademarks (other than those being transferred to us in connection with the spin-off). Intellectual Property Matters Agreement
The intellectual property matters agreement will provide for the license by Sara Lee to us of certain software. It also will govern the
wind-down of our use of certain of Sara Lee’s trademarks (other than those being transferred to us in connection with the spin off). 114
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