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<br />. <br /> <br />2. Service Fee. The Plan Sponsor agrees to pay to the Contract Administrator for <br />the services to be performed hereunder the following fees: <br /> <br />(a) An initial one-time set-up fee of $300.00 payable on or before <br />December 13, 2002. <br /> <br />(b) A monthly administration fee of $4.00 per plan participant (using one <br />or more of the cash accounts) per month. <br /> <br />(c) An annual re-enrollment fee of $10.00 per plan participant using the <br />cash accounts the previous year. This fee applies only when SBS <br />staff assist in the re-enrollment on city premises. <br /> <br />(d) Monthly processing fee of $10.00. <br /> <br />The Contract Administrator shall provide a statement of the above fees to the <br />Plan Sponsor who shall then make payment to the Contract Administrator within <br />ten (10) days of receipt. <br /> <br />. <br /> <br />3. Term. The terms of this Administration Contract shall be for a two year period, <br />beginning January 1,2002 and ending December 31,2004 <br /> <br />Either party shall have the right to terminate or re-negotiate the contract after the <br />initial two year period by giving to the other party written notice of such <br />termination or re-negotiation of the terms of the contract at least sixty (60) days in <br />advance. In the event timely notice of intent to re-negotiate the terms of the <br />contract is given by either party, the contract shall continue until such re- <br />negotiation terms are agreed to in writing. In the event that such re-negotiation <br />terms are not agreed to in writing by both parties within thirty (30) days following <br />the expiration date of the then current contract year, this contract shall terminate <br />upon thirty (30) days notice. The Contract Administrator will have no further <br />responsibility or obligation hereunder upon termination of this agreement. <br /> <br />. <br /> <br />4. Records and Files. The Contract Administrator shall maintain all records in <br />conjunction with the administrative services to be performed hereunder. The <br />confidentiality of such records shall be maintained by the Contract Administrator <br />and the information therein shall not be divulged or disclosed or made available to <br />persons other than the Plan Sponsor without the prior written approval of the Plan <br />Sponsor or a court of competent jurisdiction. In the event of the termination of <br />this contract, the Contract Administrator shall deliver to the Plan Sponsor, upon <br />written request, at a time period mutually agreeable, but not to exceed six months <br />