My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Professional Services Agreement - Howard E Nyhart Company Inc. - Assistance with Annual Audit and CAFR
sbend
>
Public
>
Public Works
>
Board of Works Documents
>
2018
>
Agreements, Contracts, Proposals
>
Professional Services Agreement - Howard E Nyhart Company Inc. - Assistance with Annual Audit and CAFR
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/2/2025 9:27:29 AM
Creation date
1/24/2018 10:12:50 AM
Metadata
Fields
Template:
Board of Public Works
Document Type
Contracts
Document Date
1/23/2018
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
Client Responsibilities and Representations <br />The Client has general responsibilities with respect to the Plan, including <br />• Providing all information required by Nyhart to perform its services under this Agreement on a timely basis; <br />• Serving as fiduciary for the Plan; <br />• Communicating Plan details to employees and answering employee questions; <br />• Ensuring adequate funding of the Plan; and <br />• Authorizing plan disbursements and ensuring accuracy of information provided. <br />Dispute Resolution <br />Nyhart and Client agree that before commencing any action or proceeding with respect to any dispute between the <br />parties arising out of or relating to this Agreement or the Services they first shall attempt to settle such dispute through <br />consultation and negotiation in good faith and in a spirit of mutual cooperation. Any such dispute will be submitted in <br />writing to a panel of one (1) senior executive or official of each of Nyhart and Client, who will promptly meet and' conifer <br />in an effort to resolve such dispute. Each party's representative will be identified by notice to the other, and may be <br />changed at any time thereafter by notice to the other. Any mutually agreed decisions of the executives will be final and <br />binding on the parties. In the event the executives are unable to resolve any dispute within thirty (30), days after <br />submission to them, either party may then refer such dispute to mediation by a mutually acceptable mediator to be <br />chosen by Nyhart and Client within forty-five (45) days after written notice by either party demanding mediation. Neither <br />party may unreasonably withhold consent to the selection of a mediator. All communications and discussions, in <br />furtherance of this paragraph shall be treated as confidential settlement negotiations, which are not subject to discovery. <br />The costs of the mediator shall be shared equally, but each party shall pay its own attorneys' fees. <br />Any dispute which cannot be resolved between the parties through negotiation, mediation or other form of alternative <br />dispute resolution within six mionths of the date of the initial demand for mediation by one of the parties may then be <br />submitted to a court of competent jurisdiction. To facilitate an expeditious and economical judicial resolution, of such <br />dispute, Nyhart and Client agree to waive and not to demand a trial by jury, anid not to linclude any employee, officer, <br />director or trustee of either as a party, in any action, proceeding or counterclaim relating to such dispute. Nothing in this, <br />section will prevent either party from resorting to judicial proceedings if interim relief from a court is necessary to prevent <br />serious and irreparable injury to that party or to others. Any claim, action or proceeding against Nyhart will be barred' <br />unless Client initiates the dispute resolution procedures outlined below within one year of first discoveringi the act, error <br />or omission that is the basis for such claim. <br />Indemnification and Limitation of Liabillit <br />The liability of Nyhart, in tort, contract or otherwise, to Client, a Plan and the officers, directors, trustees, employees or <br />shareholders of any of them, and to any other third party, for all claims arising in connection with or contributed to by this <br />Agreement and the Services (including without limitation multiple claims arising out of or based upon the same act, error <br />or omission, or series of continuous, interrelated or repeated acts, errors or omissions) shall not include loss of profit or <br />incidental, consequential, indirect, punitive or similar damages and shall be further limited to the amount of fees for <br />Services received by Nyhart under this Agreement for the twelve (12) months immediately preceding the act, error or <br />omission upon which such liability is based. Nothing in this paragraph shall apply to any liability which has been finally <br />determined to have arisen from willful misconduct or fraud on the part of Nyhart or which cannot lawfully be limited, <br />modified or excluded. <br />Client shall indemnify Nyhart from and against any and all claim, loss, liability or damage (including attorney's fees) <br />which Nyhart may incur by reason of its good faith service delivery to Client. <br />Nyhart shall indemnify the Client from and against any and all claim, loss, liability or damage (including attorney's fees) <br />which the Client may incur: (i) arising out of any material breach by Nyhart of any of its material obligations, <br />Page 3 of 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.