Agenda - 06-29-2000-8o - Laserfiche WebLink

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9 ARTICLE IV EFFECTIVE TERM Both parties agree that the eiTective term of this Agreement shall be for a four (4) year period beginning with the date of this contract. Provided, however, that either party may cancel this Agreement by giving thirty (30) day's written notice prior to the beginning of the County's fiscal year. Upan receipt of such notice, JBI shall complete the federal reimbursement claims for the fiscal year in which the notice is given. JBI shall be compensated for these final federal claims in accordance with Article VI. ARTICLE V RENEWAL Bath parties agree that upon conclusion this Agreement will automatically be renewed on yeaz-by-year basis, under the same terms and conditions as set forth herein, unless written notice is given at least thirty (30) days_prior to the expiration of this Agreement. ARTICLE VI COMPENSATION Both parties agree as follows: 1. The intent of this agreement is to compensate JBI only for new revenues received by the County that are expressly deemed to be a result of JBI's efforts. The parties agree that JBI will be compensated for new or enhanced revenue sources that directly result from JBI's activities at the following rate: • Twenty-two percent (22%) of all revenue actually earned (prospectively or retroactively) by the County as a direct result of the work JBI completes for the County. 2. JBI will be due its fees on new or enhanced federal reimbursements earned on each program azea JBI identifies or enhances for a minimum two-yeaz period. The initial start date for each program area will be the date the first new or enhanced claim is submitted for reimbursement. JBI's compensation period may be extended beyond the minimum two-year period, depending on renewals that occur with this contract. 3. Both parties recognize that there may be delays in reimbursement to the County by the Federal government. JBI will be reimbursed within three weeks after funds aze actually received by the County and an accurate invoice is delivered to the County by JBI, even if those receipts occur beyond the term of contract.