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Provide services 1-16 listed on attached Agency <br />Services, (see "Part Two"), Experience and <br />Qualifications Questionnaire, submitted by "A" on <br /> , , shown as Exhibit I. <br /> <br />IV. Total Compensation <br /> <br />ae <br /> <br />~oun~ <br />The total compensation of "A" for services <br />performed under this agreement for the first year <br />shall be an anticipated amount of with a <br /> <br />maximum of , and for the second and third <br />years, an annual anticipated amount of , with <br />an annual maximum of __ "A" shall be <br />compensated on hourly rates of $ for Agency <br /> <br />Principles, $ for Associates and Technical <br />personnel, and $ for Clerical. Insurance <br />invoices to "CLIENT" shall include a breakdown of <br />policy premium by classification or budget <br />allocation purposes, and a statement of fees <br />payable. Premiums shall be remitted as invoiced. <br /> <br />Be <br /> <br />Definition <br />"Total Compensation" for the purpose of this <br />agreement shall be deemed to be the sum of: <br />Ail compensation received by "A" from any <br />Insurance Underwriter for Insurance required by <br />,,CLIENT" including both direct and contingent <br />commissions; and <br />All compensation or reimbursement received by "A" <br />from "CLIENT". With respect to any Insurance <br />written for a period of more than one year, only a <br />yearly pro-rate credit shall be included in the <br />calculation of "A" compensation during each annual <br />period said Insurance is in effect. <br /> <br /> If permitted by Insurance companies, only net <br /> premium charges shall be made in every Insurance <br /> placement irrespective of the level of <br /> compensation incurred. <br /> <br />Ce <br /> <br />Excess <br /> <br />If payments received by "A" exceed the total <br />compensation, "CLIENT" shall request "A" to <br />perform additional Risk Management services, other <br />than the placement of Insurance, equal in value to <br />such excess. If, however, "CLIENT" does not <br />request such additional services, then "A" shall <br /> <br />16 <br /> <br /> <br />