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Quotes & Info
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| AMGN > SEC Filings for AMGN > Form 8-K on 10-Feb-2009 | All Recent SEC Filings |
10-Feb-2009
Entry into a Material Definitive Agreement
On February 4, 2009, Amgen Inc. ("Amgen" or the "Company") entered into a services agreement (the "Agreement") with Jones Lang LaSalle Americas, Inc. (the "Provider") for integrated facilities management services including building and facilities maintenance, food services, waste disposal and recycling, inventory management of related supplies, utilities systems maintenance, central utilities plant management and maintenance, and projects as may be requested by Amgen.
The Agreement has an initial term of five years and automatically renews thereafter for one-year renewal terms unless notice of non-renewal is provided by the Company. The costs to the Company for the initial five-year term are estimated to be approximately $500 million. Among other rights to terminate the agreement for cause or change of control of the Provider, the Company may terminate the Agreement at its convenience by paying Provider certain costs of Provider associated with the termination with the amount of such costs dependent upon termination fees of subcontracted work and undepreciated value of equipment and materials used by Provider to provide the services.
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