Universal Terms and Conditions Sample Clauses

Universal Terms and Conditions. (a) You agree to complete and execute all reasonably required documentation and otherwise comply with all terms of this DD Agreement, so that Sage Payroll may perform the services You desire under this DD Agreement. Services under this DD Agreement relate to direct deposit payrolls, and deduction of fees from an account for which You shall provide Sage Payroll with an Authorization to Debit Form which identifies Your financial institution and account number ("Your Account") together with a voided check from such account (the "Services"). (b) You authorize Sage Payroll to debit Your Account up to five (5) business days (unless otherwise agreed to by the parties in writing) before each of Your "Payroll Check Dates" (the date on which You designate that the payroll direct deposits are to be remitted to Your employees) in accordance with the terms of this DD Agreement, in such amounts as You instruct Sage Payroll are necessary to pay those individuals who have elected to receive their payments by direct deposit ("Payees"). The credits to the individual Payee accounts shall be on the Payroll Check Date. (c) You will be depositing funds with Sage Payroll for the purpose of enabling Sage Payroll to make payments to Payees designated by You on their respective Payroll Check Dates. Any investment earnings including interest earned on such funds between the date of withdrawal of such funds by Sage Payroll from Your Account and the date such funds are paid to the Payees shall be for Sage Payroll's benefit and not for Your or any Payee's benefit. (d) The parties agree that all electronic transactions shall comply with the National Automated Clearing House Association ("NACHA") Rules and the terms and conditions of this DD Agreement. The parties understand and agree that any entry made may not knowingly and intentionally violate federal, state and local laws. You agree to validate that no transactions will be originated that include a company or individual that has been included on any list published by the Office of Foreign Assets Control ("OFAC") relating to restrictions on the conduct of financial transactions which designate individuals or companies without an appropriate license. (e) You authorize and direct Your financial institution (which shall be a participating financial institution in the ACH network) to charge Your Account in the amount of each debit and to honor and pay the debit in accordance with its terms. This authorization shall be a standing authoriz...