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<br /> <br />Page 1 of 4 <br /> <br />2020-07-01 Statement of Work – Corporate Risk & Broking Services (Canada & US) <br />November 2, 2020 <br /> <br />Alisa Cornetto <br />Orange County <br />200 South Cameron Street <br />Hillsborough, NC 27278 <br /> <br />Subject: Statement of Work for Corporate Risk & Broking Services <br /> <br />Dear Alisa: <br /> <br />This statement of work (“SOW”) will confirm the terms of the engagement of Willis Towers Watson <br />Southeast, Inc. (“Willis Towers Watson”, “we” or “us”) by Orange County, North Carolina (“Client” or <br />“you”). <br /> <br />I. Terms and Conditions of SOW: <br /> <br />Client desires to procure and Willis Towers Watson is willing to provide the services listed in Attachment 1 <br />(the “Services”). These Services will be provided subject to the Willis Towers Watson Brokerage Terms, <br />Conditions & Disclosures available at: https://www.willistowerswatson.com/- <br />/media/WTW/Notices/Brokerage-Terms-Conditions-Disclosures.pdf (the “Brokerage Terms”). Copies of <br />the Brokerage Terms are available upon request. <br /> <br />II. Term and Termination: <br /> <br />The term of this SOW will begin on 12/1/2020 and end on 12/1/2021. Either party may terminate this SOW <br />upon 60 days prior written notice to the other party. <br /> <br />III. Compensation <br /> <br />You agree that our compensation for the Services will be a fee of $42,500, payable by you to us as invoiced. <br />The fee is in addition to the premium you must pay for your policies and is payable in four equal installments <br />of $10,625 as follows: <br />- Installment #1 – December 15, 2020 <br />- Installment #2 – March 15, 2021 <br />- Installment #3 – June 15, 2020 <br />- Installment #4 – September 15, 2020 <br />Should you move your coverage from NCACC to the conventional market, an additional fee of $12,000 will <br />be charged to cover the cost of managing that program. If only a portion of the coverage are moved, the <br />$12,000 will be allocated based on a mutually agreeable sum. <br />Information regarding other compensation we may receive related to your policies is described in the <br />Brokerage Terms. <br />If Willis Towers Watson terminates this SOW before the end of the term, Willis Towers Watson will be <br />deemed to have fully earned and be entitled to a pro-rata portion of the fee, calculated from the start of the <br />current annual term through the date of termination. If Client terminates this SOW before the end of any <br />annual term, Willis Towers Watson will be deemed to have fully earned and be entitled to a portion of the <br />fee as set forth in the following schedule: <br /> <br />DocuSign Envelope ID: 11FC0F9D-342B-4724-BDDD-F1A966159538