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2011-273 Co. Mgr. - RDS Services, LLC - Agreement for Early Retiree Reinsurance Program Services
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2011-273 Co. Mgr. - RDS Services, LLC - Agreement for Early Retiree Reinsurance Program Services
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Last modified
5/22/2018 9:24:50 AM
Creation date
8/11/2011 11:31:20 AM
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Contract
Date
7/21/2011
Contract Starting Date
7/21/2011
Contract Ending Date
7/20/2012
Contract Document Type
Agreement - Services
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2. General Consulting Services. In the event Plan Sponsor requests RDS to provide consulting services that <br /> are in addition to the Reinsurance Subsidy Services identified in paragraph 1 above, such services shall be <br /> provided based on the time spent at the following hourly rates: <br /> a. $250/hour for professional staff of RDS <br /> b. $100/hour for paraprofessional staff of RDS <br /> C. $50/hour for all other staff of RDS <br /> 3. Retainer. Upon execution of this Agreement, Plan Sponsor shall pay a one-time payment, as set forth <br /> below, as a retainer, to be applied against compensation due RDS under the terms of this Agreement. In <br /> the event Plan Sponsor terminates this Agreement before RDS has earned the entire amount of the retainer, <br /> RDS shall be entitled to retain any remaining balance. If Plan Sponsor receives limited or no subsidy <br /> because funds under the Program have been exhausted, Plan sponsor shall be entitled back retainer minus <br /> fees paid. In the event that RDS' Reinsurance Subsidy engagement ends because the application is not <br /> approved and the Plan does not qualify for the Reinsurance Subsidy, RDS shall return all retainer amounts <br /> paid by Plan Sponsor to the Plan Sponsor within 15 days. The one-time retainer will be established by the <br /> number of estimated"early retirees" at the commencement of this Agreement. The retainer amount will be <br /> as follows: <br /> Number of"early retirees" Retainer <br /> Up to 100 $5,000 <br /> 101 to 500 $10,000 <br /> Over 500 $15,000 <br />
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