PAYROLL SERVICE UNAVAILIABLE TO DEBIT CLIENT’S BANK ACCOUNT Sample Clauses

PAYROLL SERVICE UNAVAILIABLE TO DEBIT CLIENT’S BANK ACCOUNT. In the event that (a) a Client which is utilizing ADP’s Pay-by-Pay® payment service terminates ADP Inc.’s payroll services, ADP will promptly, or in no case beyond fifteen (15) days, notify the Company. Upon receiving such notice, if it so elects, the Company shall * Confidential treatment has been requested with respect to certain portions of this exhibit. Such portions are marked with a “[*]” in place of the redacted language. Omitted portions are filed separately with the Securities and Exchange Commission. convert the Client Policyholder to the Company’s Direct Xxxx system. In the event that Company elects not to set up the Client Policyholder on Direct Xxxx, Company will promptly send direct notice of policy cancellation to the Client Policyholder and take responsibility for collecting all earned premium, including any premium due as the result of audit. In the case of terminations, ADP shall remit any premiums collected from such Client through the effective date of such Client’s termination to Company. In the event that (b) the first payroll impound of a new ADP Client that intended to purchase ADP, Inc payroll services using Pay-by-Pay® is delayed for more than thirty (30) days, ADP will promptly investigate and determine whether it is the Client Policyholder’s intention to retain the Pay-by-Pay® service. In the event that Client Policyholder does not elect to utilize Pay-by-Pay® service, ADP will promptly notify Company within two (2) business days. Company will promptly send notice of policy cancellation to the Client Policyholder and take responsibility for collecting all earned premium, including any premium due as the result of an audit. In the event Client Policyholder intends to retain the Pay-by-Pay® service, ADP will collect deposit premium equal to 1/12 of the policy’s estimated annual premium for every month of delay and promptly, but in no case, longer than two (2) business days, transmit the deposit amount to Company. In the event that the bound policy includes no employees in order to establish an Estimated Annual Premium, ADP will substitute 1/12 of the underwriting minimum premium.
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