Employee Benefits Services. The employee benefits services detailed below will be performed by Namely or an affiliate of Namely appropriately licensed as an insurance producer, broker or agent in the corresponding states for any insurance policy or policies for which Client has awarded Namely or one of its affiliates with Broker of Record (“BOR”) designation (“Employee Benefits Services”).
Client acknowledges that (i) the solicitation and sale by Namely related to the Platform were separate and independent from the solicitation and sale related to the Employee Benefit Services set forth in this Addendum which was performed by a different Namely sales teams with the appropriate licenses as insurance producers, brokers and/or agents, and (ii) it has been informed by Namely that it (a) can obtain the Subscription to the HRIS, Payroll and Benefits Administration modules without signing on for the Employee Benefits Services, and (b) is under no obligation to purchase any insurance product from Namely or any of its affiliates.
Namely may waive the Fees associated with the Benefits Administration module, including the cost of setting up carrier feeds, if the Client receives the Employee Benefits Services described this Addendum by designating Namely or a Namely affiliate as broker of record as the services provided through the Benefits Administration module, including the set-up of carrier feeds, are directly related to the sale or servicing of the insurance products placed by Namely or its affiliate. No other Fees shall be waived. In the event the Client notifies Namely of its decision to rescind the status of Namely, or its affiliate, as broker of record, Namely will be entitled to charge Client for the Benefits Administration module Subscription and for the set-up of any additional carrier feeds at the prevailing rate.
