HomeMy WebLinkAboutC22-189 UKG \clm_finapr_4\ Effective Date: Effective as of the date of last signature of this Amendment Customer: Eagle County AR#: EAG1004 UKG Representative: Burgandy Murphy UKG Division: Renewals Re: Amendment to the Agreement (“Amendment”) between UKG Inc. (formerly known as The Ultimate Software Group, Inc.) and Customer The parties have agreed to amend the Master Agreement and its various addenda, supplements, amendments, etc. with an effective date on or about March 27, 2018 (collectively, the “Agreement”) as follows: 1. The term of the Master Agreement shall be extended for a term of sixty (60) months from July 1, 2022 through June 30, 2027 (“Renewal Term”). Thereafter, the Master Agreement shall automatically renew for successive renewal terms of one (1) year each. Customer may not terminate the Master Agreement during this Renewal Term except for as set forth below or as stated within the Master Agreement. The Customer may terminate the Master Agreement after the Renewal Term by serving written notice of its intention at least ninety (90) days prior to the date of next such renewal period. 2. During the Renewal Term and thereafter, Customer agrees to an increase in the Subscription Fees pursuant to the Master Agreement as follows: i. July 1, 2022 – June 30, 2023 – two percent (2%) per annum ii. July 1, 2023 - June 30, 2024 - two percent (2%) per annum iii. July 1, 2024 – June 30, 2025 – two percent (2%) per annum iv. July 1, 2025 – June 30, 2026 – one percent (1%) per annum v. July 1, 2026 – June 30, 2027 - one percent (1%) per annum vi. July 1, 2027 and thereafter any increase thereafter shall not exceed three percent (3%) per annum. _________________________________________________________________________________ This Amendment is subject to the terms and conditions of the Master Agreement. All other terms and conditions of the Master Agreement are reaffirmed and remain unchanged by this Amendment. In the event of a conflict between the terms of this Amendment and the Master Agreement, the terms of this Amendment will govern. The parties agree that any signature (including but not limited to any electronic symbol attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record) hereto shall have the same legal validity and enforceability as a manually executed signature to the fullest extent permitted by applicable law, and the parties hereby waive any objection to the contrary. This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall constitute a duplicate original of this Amendment but all counterparts together, shall constitute one and the same instrument. Each counterpart may be executed by electronic signature or manual signature. Delivery of an executed counterpart of this Amendment by telecopier or facsimile transmission or other electronic means shall be effective as delivery of a manually executed counterpart of this Amendment. DocuSign Envelope ID: E6AFA781-1820-4F4B-9118-24C788B87830 Eagle County UKG Inc. By: \clm_sig_1\ By: \clm_sig_3\ Name: \clm_nam_1\ Name: \clm_nam_3\ Title: \clm_ttl_1\ Title: \clm_ttl_3\ Date: \clm_dt_1\ Date: \clm_dt_3\ clm_dt_3\ Customer - Mid-Market DocuSign Envelope ID: E6AFA781-1820-4F4B-9118-24C788B87830 Director, Global HCM Renewals 4/28/2022 Andy JonesJeanne McQueeney 5/10/2022 Commissioner