Common use of Senior Administration Clause in Contracts

Senior Administration. Senior Administration is an optional service for Business Customers that may be activated at any time after your initial enrollment. The Business Customer shall be solely responsible for designating both the Employee and Senior Administrator. A Senior Administrator may further authorize other individual Employees who may be granted full or limited online access to the Eligible Accounts, and may also be granted full or limited access to originate ACH transactions and/or wire transfers. Dual control should be established to help regulate the actions of multiple Employees. For security and auditing purposes, each Employee should be assigned separate Access IDs and Passcodes. All cash management activity is tracked at the Customer level and is viewable by both the Employee originator and Customer in the online history. Internal transfers are tracked for each Access ID. A Senior Administrator inherits the privileges assigned to the Customer. Notwithstanding the foregoing, please note that a Senior Administrator has the ability to remove, change or otherwise alter the restrictions or limits placed upon their rights by the Customer. The Customer or Senior Administrator will need to provide the Access ID and temporary Passcode to each new Employee. The temporary Passcode will be used to gain access to the Internet Banking Service initially. After the Employee’s initial log on, they will be prompted to set up their own unique Passcode, known only to them, for future use of the Internet Banking Service. Business Customer understands that there may be a charge for multiple Employees. You agree to pay all such charges and authorize us to deduct such charges from your business account and any additional charges that may be incurred by you. Any fees associated with your standard business deposit account(s), as described in our fee schedule will continue to apply.

Senior Administration. Senior Administration is an optional service for Business Customers that may be activated at any time after your initial enrollment. The Business Customer shall be solely responsible for designating both the Employee and Senior AdministratorAdministra- tor. A Senior Administrator may further authorize other individual Employees who may be granted full or limited online access ac- cess to the Eligible Accounts, Accounts and may also be granted full or limited access to originate ACH transactions and/or wire transfers. Dual control should be established to help regulate the actions of multiple Employees. For security and auditing purposes, each Employee should be assigned separate Access IDs and Passcodes. All cash management activity is tracked at the Customer level and is viewable by both the Employee originator and Customer in the online history. Internal transfers are tracked for each Access ID. A Senior Administrator inherits the privileges assigned to the Customer. Notwithstanding Not- withstanding the foregoing, please note that a Senior Administrator has the ability to remove, change or otherwise alter the restrictions or limits placed upon their rights by the Customer. The Customer or Senior Administrator will need to provide pro- vide the Access ID and temporary Passcode to each new Employee. The temporary Passcode will be used to gain access to the Internet Banking Service initially. After the Employee’s initial log on, they will be prompted to set up their own unique Passcode, known only to them, for future use of the Internet Banking Service. Business Customer understands that there may be a charge for multiple Employees. You agree to pay all such charges and authorize us to deduct such charges from your business account and any additional charges that may be incurred by you. Any fees associated with your standard business deposit account(s), as described in our fee schedule will continue to apply.

Senior Administration. Senior Administration is an optional service for Business Customers that may be activated at any time after your initial enrollment. The Business Customer shall be solely responsible for designating both the Employee and Senior Administrator. A Senior Administrator may further authorize other individual Employees who may be granted full or limited online access to the Eligible Accounts, Accounts and may also be granted full or limited access to originate ACH transactions and/or wire transfers. Dual control should be established to help regulate the actions of multiple Employees. For security and auditing purposes, each Employee should be assigned separate Access IDs and Passcodes. All cash management activity is tracked at the Customer level and is viewable by both the Employee originator and Customer in the online history. Internal transfers are tracked for each Access ID. A Senior Administrator inherits the privileges assigned to the Customer. Notwithstanding the foregoing, please note that a Senior Administrator has the ability to remove, change or otherwise alter the restrictions or limits placed upon their rights by the Customer. The Customer or Senior Administrator will need to provide the Access ID and temporary Passcode to each new Employee. The temporary Passcode will be used to gain access to the Internet Banking Service initially. After the Employee’s initial log on, they will be prompted to set up their own unique Passcode, known only to them, for future use of the Internet Banking Service. Business Customer understands that there may be a charge for multiple Employees. You agree to pay all such charges and authorize us to deduct such charges from your business account and any additional charges that may be incurred by you. Any fees associated with your standard business deposit account(s), as described in our fee schedule will continue to apply.