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7.1.C. - Page 11 <br /> all or any part of Claims Administration Services and PRINCIPAL covenants that it shall <br /> not do so. <br /> C. YORK expressly agrees that claim-related data generated and/or <br /> maintained in connection with this Agreement or any Exhibit hereto shall be and remain <br /> the sole property of PRINCIPAL and YORK shall have no right, title, or interest in such <br /> data other than such rights necessary to perform Claim Administration Services. <br /> VII. COMPENSATION <br /> A. YORK shall be entitled to receive and PRINCIPAL shall be obligated to <br /> pay only such fees, allowances, costs, reimbursements, or other compensation as are <br /> specified as follows: <br /> PRINCIPAL shall pay YORK the following compensation: <br /> 1. Annual Flat Administration Fee — PRINCIPAL agrees to pay <br /> YORK a flat annual fee listed below, payable quarterly in advance, for YORK's <br /> completion of the CLAIMS ADMINISTRATION SERVICES. (Fee demonstrates a <br /> two (2) percent annual increase; said two (2) percent increase is also applicable <br /> to managed care fees). <br /> 2. TERMS OF COMPENSATION <br /> CLAIMS SERVICES <br /> WORKERS'COMPENSATION CLAIMS ADMINISTRATION <br /> PROGRAM YEAR ANNUAL FEE <br /> Year 1 $347,463 <br /> Year 2 $354,412 <br /> Year 3 $361,500 <br /> PRICING NOTES <br /> The annual flat fee proposed contemplates handling all claims activity in a 12-month period <br /> (claims already open at the beginning of the 12-month term (takeover claims) and any new <br /> claims reported during the 12-month term). <br /> York's annual flat fee proposed above covers the Worker's Compensation claims handling <br /> services. The additional services provided by Managed Care services are separate fees paid <br /> as an allocated cost to the claims file (pricing detailed below). <br /> ATTY/AGR/2015.068/YORK TPA REDWOOD CITY <br /> REV:04-20-15 MLG <br /> Page 7 of 17 <br />