Resolution 6413 - Laserfiche WebLink

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. 2. Service Fee. The Plan Sponsor agrees to pay to the Contract Administrator for the services to be performed hereunder the following fees: (a) An initial one-lime set-up fee of SOO.OO (N/A) payable on or before December 30th, 2004. (b) A monthly administration fee of S4.00per plan participant (using one or more of the cash accounts) per month. (c) An annual re-enrollment fee of $10.00 per plan participant using the cash accounts the previous year. (Optional at employer request) (d) Annual fee of S150.00 for tax filing of forms 5500 and Schedule F. (not required at this time) (e) Monthly processing fee of $10.00. The Contract Administrator shall provide a statement of the above fees to the Plan. Sponsor who shall then make payment to the Contract Administrator within ten (10) days of receipt. . 3. ~. Ti,t: It:, "'~ vf 1I,i~ Ad" I;,,;~t, atiol, C':;I,traekhllll be for <10m; y'['Br [lcrioel, beginning January 1,2005 and ending December 31,2005. At the end of the contract year if neither party requests a change, the contract shall be automatically renewed. The fees stated in paragraph two are subject to negotiation on the anniversary date of the contract. The new fees and contract would then be in force for two years from the effective date. Either party shall have the right to terminate or re-negotiate the contract after the initiai one year period by giving to tile other party written notice of such termination or re-negotiation of the terms of the contract at least sixty (60) days in advance. In the event timely notice of intent to re-negotiate the terms of the contract is given by either party, the contract shall continue until such re- negotiation terms are agreed to in writing. In the event that such re-negotiation terms are not agreed to in writing by both parties within thirty (30) days following the expiration date of the then current contract year. this contract shall terminate upon thirty (30) days notice. The Contract Administrator will have no further responsibility or obligation hereunder upon termination of this agreement. . 4. Records and Files. The Contract Administrator shall maintain all records in conjunction with the administrative services to be performed hereunder. The Contract Administrator shall maintain the confidentiality of such records and the information therein shall not be divulged or disclosed or made available to persons other than the Plan Sponsor without the prior written approval of the Plan Sponsor or a court of competent jurisdiction. In the event of the termination of