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D. Funding Frequency: Daily <br />E. Method of Funding: ACH <br />IV. Administrative Fees: <br />A. Administrative fees during the term of the Agreement: <br />$49.95 per enrolled employee per month from May 1, 2013 through <br />September 30, 2015. <br />B. Administrative fees after the termination of the Agreement: 15% of <br />claims paid. <br />C. If the Agreement is terminated before September 30, .2015, the <br />Employer will pay Florida Blue a termination fee of $125,000 paid <br />sixty days of termination. If the Agreement is terminated after <br />September 30, 2015, no termination fee will be paid to Florida Blue, <br />V. Late Payment Penalty <br />A. A daily charge of .00038 times the amount of overdue administrative <br />fees. <br />VI. Expected Enrollment <br />A. The administrative fees and reserve requirement referenced above <br />are based on an expected enrollment of: 1,570. <br />B. If the actual enrollment is materially different from this expected <br />enrollment, Florida Blue reserves the right to adjust the <br />administrative fees and the reserve requirement as set forth in the <br />Agreement. Actual administrative fees will be charged based on <br />actual enrollment. <br />-2- <br />P92 <br />