6. Health insurance/human resources consultant agreement
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6. Health insurance/human resources consultant agreement
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Contingency Compensation. Some carriers, vendors,or third parties may pay <br /> contingency compensation for business that AFG may place with them. Such contingency <br /> compensation does not alter or increase the cost of the services that AFG is brokering or <br /> performing on behalf of Client, and thus does not increase the costs that Client pays for <br /> the provision of such services. Therefore, in addition to any fees described above, AFG <br /> shall be entitled to any contingency compensation resulting from its work on behalf of <br /> Client irrespective of any other provisions elected under this Agreement. <br /> Commissions. Some carriers, vendors, or third parties may pay commissions for the <br /> types of services provided by AFG. Any commissions paid by such entities are often <br /> already factored into the cost of the services(e.g. rates)that AFG is brokering or <br /> performing on behalf of Client, and thus often do not increase the costs that client pays <br /> for the provision of such services. Therefore, in addition to any fees or contingency <br /> compensation described above, AFG shall be entitled to any commissions resulting from <br /> its work on behalf of Client, unless Client and AFG shall specifically agree to some other <br /> arrangement in writing, or unless Client checks the following box: <br /> ® Client does not want AFG to receive commissions for some or any (circle <br /> one)of the services AFG may provide or broker under this Agreement, <br /> regardless of whether such commissions increase the cost of the services <br /> provided or brokered. If for some only, please indicate the specific <br /> limitations for accepting commissions below: <br /> 5. Payment: Client shall pay any fee(s)assessed by AFG in connection with AFG's <br /> performance under this Agreement prior to AFG performing any work for the invoiced <br /> period. Client shall pay any fees invoiced by AFG no later than 30 days after receiving an <br /> invoice from AFG. Client can make payment of fees by either of the two following methods <br /> (Client should indicate which payment option it prefers): <br /> ❑ Direct Wire Transfer* <br /> Z Traditional Invoicing <br /> * (While AFG prefers that Client pay via Direct Wire Transfer, Client may select <br /> whichever option it prefers. Clients choosing the Direct Wire Transfer option <br /> will be provided with a payment confirmation each time a transfer is made.) <br /> 6. Agreement Term and Termination: The compensation provided for in this Agreement <br /> shall be deemed fully earned as of the time this Agreement is signed by the Parties, <br /> irrespective of when it is actually invoiced or paid. This Agreement will automatically renew <br /> on an annualized basis from the date Client signs the Agreement, and any compensation for <br /> any renewal periods shall be deemed fully earned for that renewal period as of the date of <br /> renewal. Unless agreed upon in writing by the Parties,the terms of this Agreement shall <br /> remain the same upon automatic renewal, except that the fees described above shall increase <br /> by 3% annually. Either Party may seek to terminate this Agreement in the event of a material <br /> breach of this Agreement. However, before doing so,the Party seeking to terminate the <br /> Agreement must provide the other Party with at least thirty (30)days notice in writing of the <br /> material breach. Upon receipt of such written notice of material breach, the responding Party <br /> shall have thirty (30) days to cure the material breach. <br /> Copyright©2008-2014 by Associated Financial Group,LLC 2 <br />
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