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<br /> <br /> The Ultimate Software Group, Inc. <br /> UltiPro Agreement <br /> <br />rev 08.2015 Page 3 of 19 <br /> <br />5. Payment Terms: <br /> <br />A. One Time Activation Fee <br />The amount due on the Effective Date of this Agreement $24,100.00 <br /> <br />B. Subscription Fee <br />175 Compensated Employees x $24.00 = $4,200.00 x 3 months = $12,600.00 <br />Plus <br />0 HR Only Employees x $0 = $0 x 3 months = $0 <br /> <br />The Subscription Fees are due quarterly and invoiced thirty (30) days in advance of the quarter. <br />The amount due ninety (90) days from the Effective Date of the Agreement is payment for the <br />quarter commencing on the First Live Date. $12,600.00 <br /> <br />Total Fees Due on the Effective Date of this Agreement (A) $24,100.00 <br /> <br />IN WITNESS WHEREOF, the Parties hereby confirm and agree that the Agreement shall be effective as of the date set forth above and <br />that all terms and conditions have been agreed upon. <br /> <br />City of Elk River The Ultimate Software Group, Inc. <br /> <br /> <br />Name: John Dietz\n1\ Name: \n3\ <br /> <br /> <br /> <br />Title: Mayor \ Title: \t3\ <br /> <br /> <br /> <br />Signature: \s1\ Signature: \s3\ <br /> <br /> <br /> <br />Date: February 1, 2016\ Date: \d3\ <br /> <br /> <br /> <br />City of Elk River <br /> <br /> <br />Name: Tina Allard \n1\ <br /> <br /> <br /> <br />Title: City Clerk \t1\ <br /> <br /> <br /> <br />Signature: \s1\ <br /> <br /> <br /> <br />Date: February 1, 2016 \d1\ <br /> <br /> <br /> <br />