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2022-074
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2022-074
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Last modified
5/26/2022 2:10:19 PM
Creation date
5/9/2022 10:44:33 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Addendum
Approved Date
04/12/2022
Control Number
2022-074
Agenda Item Number
8.F.
Entity Name
RxBenefits, Inc.
Subject
Addendum to Administrative Services Agreement,
amending the Current Contract Period from 12 Months
to 17 Months to align with Annual Benefit Renewals
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DocuSign Envelope ID: DB450FEA-BE1D-4365-ACC3-7E8691FABC6F <br />ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT <br />THIS ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT (this <br />"Addendum'), entered into effective as of April 30, 2022 (the "Addendum Effective Date"), is made by <br />and between RxBenefits, Inc. (`.`Administrator"), and Indian River County Board of County <br />Commissioners ("Client"). The parties, intending to be legally bound, hereby agree as follows: <br />1. Administrator and Client are parties to that certain Administrative Services Agreement <br />dated May 1, 2018 (the "Agreement I). <br />2. Administrator and Client are entering into this Addendum for the purpose of documenting <br />revisions to certain provisions of the Agreement. <br />3. Article I —Certain Definitions, "Contract Year" of the Agreement shall be amended to read <br />as follows as of the Addendum Effective Date: <br />"Contract Year", for purposes of the Initial Term of this Agreement, shall mean <br />the full twelve-month period commencing on the Effective Date and expiring <br />twelve months thereafter. For the First Renewal Term of this Agreement, it shall <br />mean the full twelve-month period commencing on May 1, 2019 and expiring on <br />April 30, 2020. For the Second Renewal Term of this Agreement, it shall mean <br />the full twelve-month period commencing on May 1, 2020 and expiring on April <br />30, 2021. For the Third Renewal Term of this Agreement, it shall mean the full <br />seventeen (17) month period commencing on May 1, 2021 and expiring on <br />September 30, 2022. For each Additional Renewal Term thereafter, it shall mean <br />the full twelve-month period commencing on the first day of such Additional <br />Renewal Term and expiring twelve months thereafter. <br />4. Article VI — Term and Termination, Paragraph A of the Agreement shall be amended to <br />read as follows as of the Addendum Effective Date: <br />A. The initial term of this Agreement shall commence on the Effective Date <br />and shall continue in effect, unless sooner terminated as provided herein, <br />for a period of one (1) year after the Effective Date (the "Initial Term"). <br />Unless either Party gives the other Party written notice of its intention to <br />terminate (given in the manner prescribed in Article VIH.B below) at least <br />sixty (60) days in advance of the expiration of the Initial Term, the Term <br />of this Agreement shall automatically renew and extend for an additional <br />one (1) year renewal term (the "First Renewal Term") without any <br />additional act on the part of either Party (unless sooner terminated as <br />provided herein and subject to the consequences of any such termination). <br />Unless either Party gives the other Party written notice of its intention to <br />terminate (given in the manner prescribed in Article VM.B below) at least <br />sixty (60) days in advance of the expiration of the First Renewal Term, the <br />Term of this Agreement shall automatically renew and extend for an <br />additional twelve month renewal term (the "Second Renewal Term") <br />without any additional act on the part of either Party (unless sooner <br />terminated as provided herein and subject to the consequences of any such <br />NOT FOR DISTRIBUTION. THE INFORMATION CONTAINED HEREIN IS CONFIDENTIAL, PROPRIETARY <br />AND CONSTITUTES TRADE SECRETS OF ESI AND RXBENEFITS <br />
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