Common use of Employee Fidelity Bond Clause in Contracts

Employee Fidelity Bond. An Employee Fidelity Bond shall be procured on all employees of the Provider insuring against loss from employee's dishonest acts. The Bond shall be in the amount of a percentage of the current year’s budget set forth in the schedule below: Up to $100,000.00 20 percent of budget (Minimum $10,000) $100,000.01 to $250,000 $20,000 plus 15 percent of all over $100,000 $250,000.01 to $500,000.00 $42,500 plus 13 percent of all over $250,000 $500,000.01 to $750,000.00 $75,000 plus 8 percent of all over $500,000 $750,000.01 to $1,000,000.00 $95,000 plus 4 percent of all over $750,000 $1,000,000.01 to $2,000,000.00 $105,000 plus 2 percent of all over $1,000,000 $2,000,000.01 to $5,000,000.00 $125,000 plus 1 percent of all over $2,000,000 $5,000,000.01 to $10,000,000 $155,000 plus ½ percent of all over $5,000,000 10,000,000.01 and upwards $180,000 plus ¼ percent of all over $10,000,000 In fixing such minimum bond, round to the nearest $1,000.

Employee Fidelity Bond. An Employee Fidelity Bond shall be procured on all employees of the Provider Head Start Grantee insuring against loss from employee's dishonest acts. The Bond shall be in the amount of a percentage of the current year’s budget set forth in the schedule below: Up to $100,000.00 20 percent of budget (Minimum $10,000) $100,000.01 to $250,000 $20,000 plus 15 percent of all over $100,000 $250,000.01 to $500,000.00 $42,500 plus 13 percent of all over $250,000 $500,000.01 to $750,000.00 $75,000 plus 8 percent of all over $500,000 $750,000.01 to $1,000,000.00 $95,000 plus 4 percent of all over $750,000 $1,000,000.01 to $2,000,000.00 $105,000 plus 2 percent of all over $1,000,000 $2,000,000.01 to $5,000,000.00 $125,000 plus 1 percent of all over $2,000,000 $5,000,000.01 to $10,000,000 $155,000 plus ½ 1/2 percent of all over $5,000,000 10,000,000.01 and upwards $180,000 plus ¼ 1/4 percent of all over $10,000,000 In fixing such minimum bond, round to the nearest $1,000.10,000,000

Employee Fidelity Bond. An Employee Fidelity Bond shall be procured on all employees of the Provider Head Start Grantee insuring against loss from employee's dishonest acts. The Bond shall be in the amount of a percentage of the current year’s budget set forth in the schedule below: Up to $100,000.00 20 percent of budget (Minimum $10,000) $100,000.01 to $250,000 $20,000 plus 15 percent of all over $100,000 $250,000.01 to $500,000.00 $42,500 plus 13 percent of all over $250,000 $500,000.01 to $750,000.00 $75,000 plus 8 percent of all over $500,000 $750,000.01 to $1,000,000.00 $95,000 plus 4 percent of all over $750,000 $1,000,000.01 to $2,000,000.00 $105,000 plus 2 percent of all over $1,000,000 $2,000,000.01 to $5,000,000.00 $125,000 plus 1 percent of all over $2,000,000 $5,000,000.01 to $10,000,000 $155,000 plus ½ 1/2 percent of all over $5,000,000 10,000,000.01 and upwards $180,000 plus ¼ 1/4 percent of all over $10,000,000 In fixing such minimum bond, round to the nearest $1,000.

Employee Fidelity Bond. An Employee Fidelity Bond shall be procured on all employees of the Provider Head Start Grantee insuring against loss from employee's dishonest acts. The Bond shall be in the amount of a percentage of the current year’s budget set forth in the schedule below: Total Budget Minimum Bond Amount Up to $100,000.00 20 percent of budget (Minimum $10,000) $100,000.01 to $250,000 $20,000 plus 15 percent of all over $100,000 $250,000.01 to $500,000.00 $42,500 plus 13 percent of all over $250,000 $500,000.01 to $750,000.00 $75,000 plus 8 percent of all over $500,000 $750,000.01 to $1,000,000.00 $95,000 plus 4 percent of all over $750,000 $1,000,000.01 to $2,000,000.00 $105,000 plus 2 percent of all over $1,000,000 $2,000,000.01 to $5,000,000.00 $125,000 plus 1 percent of all over $2,000,000 Total Budget Minimum Bond Amount $5,000,000.01 to $10,000,000 $155,000 plus ½ 1/2 percent of all over $5,000,000 10,000,000.01 and upwards $180,000 plus ¼ 1/4 percent of all over $10,000,000 In fixing such minimum bond, round to the nearest $1,000.10,000,000

Employee Fidelity Bond. An Employee Fidelity Bond shall be procured on all employees of the Provider insuring against loss from employee's dishonest acts. The Bond shall be in the amount of a percentage of the current year’s budget set forth in the schedule below: Up to $100,000.00 20 percent of budget (Minimum $10,000) $100,000.01 to $250,000 $20,000 plus 15 percent of all over $100,000 $250,000.01 to $500,000.00 $42,500 plus 13 percent of all over $250,000 $500,000.01 to $750,000.00 $75,000 plus 8 percent of all over $500,000 $750,000.01 to $1,000,000.00 $95,000 plus 4 percent of all over $750,000 $1,000,000.01 to $2,000,000.00 $105,000 plus 2 percent of all over $1,000,000 $2,000,000.01 to $5,000,000.00 $125,000 plus 1 percent of all over $2,000,000 $5,000,000.01 to $10,000,000 $155,000 plus ½ 1/2 percent of all over $5,000,000 10,000,000.01 and upwards $180,000 plus ¼ 1/4 percent of all over $10,000,000 In fixing such minimum bond, round to the nearest $1,000.