9/20/2017 10:56:43 AM
8/30/2017 1:44:32 PM
Official Document Type
Agenda Item Number
8.NN (1 of 2)
Southeast Series of Lockton Companies
Consulting Services Agreement
Benefits Consultant/Broker/Actuary Services
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CONSULTING SERVICES AGREEMENT <br />INDIAN RIVER COUNTY BOARD OF COUNTY <br />COMMISSIONERS (COUNTY) <br />and <br />SOUTHEAST SERIES OF <br />LOCKTON® COMPANIES, LLC <br />The "Agreement" made and entered into effective as of this 1st day of October, 2017, <br />(the "Effective Date") by and between Indian River County Board of County Commissioners <br />(County), FL, having offices at 1800 27'' Street, Vero Beach, FL 32960 (hereinafter referred to <br />as "Client"), and Southeast Series of Lockton Companies, LLC, having offices at 3601 SW 160th <br />Avenue, Suite 200, Miramar, FL 33027 (hereinafter referred to as "Lockton"). <br />Client wishes to procure certain services that can be performed by Lockton; and Lockton <br />can provide and desires to render to Client such services; and <br />The parties agree that it would be to their mutual advantage to execute this Agreement <br />and to define the terms and conditions that shall control the rendering of services provided to <br />Client by Lockton. <br />Nov, therefore, in consideration of the foregoing recitals, the mutual promises contained <br />herein and other good and valuable consideration, the receipt and sufficiency of which are <br />acknowledged, the parties agree as follows: <br />I. Service Period <br />This Agreement will be in effect from the Effective Date above through September 30, <br />2022 unless earlier terminated in accordance with the provisions of the Agreement. <br />II. Service Compensation <br />A. All consulting and/or insurance services provided by Lockton as set forth in <br />Addendum A will be performed for an annualized fee of $89,500 net of <br />commissions plus any agreed upon commission for any newly placed benefits <br />and, as applicable, other compensation set forth below. Client acknowledges that, <br />
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