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Professional Services Agreement - Infinisource - City's Flexible Spending Account
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Professional Services Agreement - Infinisource - City's Flexible Spending Account
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Last modified
3/31/2025 8:46:37 AM
Creation date
10/25/2017 10:58:44 AM
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Board of Public Works
Document Type
Contracts
Document Date
10/24/2017
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interest in and to the website are the sole property of Infinisource and its licensors. Nothing in this Agreement will be construed to give Employer any <br />rights in such website. <br />4. As set Forth above, Employer agrees to deposit into the account established by Infinisource or the Third Party Service Provider (the "Deposit <br />Account') the "Minimum Balance". The Minimum Balance means the balance that Employer will deposit and maintain in the Deposit Account as <br />determined by Infinisource, based on Third Party Service Provider's requirements. A Minimum Balance will be maintained and calculated separately <br />for each Plan. In the event that Card transactions reduce the balance in the Deposit Account to an amount less than the Minimum Balance, Infinisource <br />or Third Party Service Provider will provide Employer notice of such balance and will withdraw additional funds from the account by electronic funds <br />transfer (ACH), in an amount sufficient to restore the account to the Minimum Balance to the Deposit Account. in the event sufficient funds are not <br />available to restore the Deposit Account to the Minimum Balance within 24 hours of such notice, Infinisource may immediately shut down the Deposit <br />Account and all associated Cards until the Minimum Balance is restored. Infinisource may increase the Minimum Balance at its discretion should the <br />balance of the Deposit Account fall below the Minimum Balance. <br />5. Employer warrants that all contributions made to the Deposit Account as set forth herein consist of Employer contributions only and do not consist <br />of employee contributions. <br />6. Employer hereby grants to Infinisource and its Third Party Service Provider a non-exclusive, non -transferable, royalty -free license to use Employer's <br />trademarks in connection with the Card program, in the forms and formats approved by Employer on: (i) the Cards; (ii) periodic statements; and (ii€) <br />other communications to Plan participants with respect to the Accounts. <br />7. Employer acknowledges that participants must comply with the Third Party Service Provider's terms and conditions and the legal requirement <br />relating to Card usage, including but not limited to substantiation of FSA claims. <br />8. Employer agrees that the name of the financial institution which issues the Card, a website Uniform Resource Locator and a customer service <br />phone number will be printed on all Cards. Employer is responsible for all costs incurred by Infinisource resulting from improper use of the Card. <br />3."A Ii .�9 �IL)�...., ,.. . 1 i ... E� � 3 ' 1 � 3iNh_ .� �L�1fO>i5( -.! I <br />11i>fi _ Eli ,_f.-',I <br />
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