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Page 2 of 13 <br />ATTY/AGR/2017.217/PARS – SECTION 115 TRUST AGREEMENT <br />REV: 09-19-17 MI <br /> <br />4. Schedule. Consultant will adhere to the schedule set forth in Exhibit “A”, <br />provided, that City in its discretion may grant reasonable extensions of time for the <br />performance of such services occasioned by unusually lengthy governmental reviews of <br />Consultant’s work product or other unavoidable delays occasioned by circumstances; <br />provided, further, that such unavoidable delay will not include strikes, lockouts, work <br />stoppages, or other labor disturbances conducted by, or on behalf of, Consultant’s <br />officers or employees. <br /> <br />Consultant acknowledges the importance to City of City’s project schedule and agrees <br />to use its best professional efforts to meet the schedule. City understands that <br />Consultant’s performance must be governed by sound practices. <br /> <br />5. Time is of the Essence. Time is of the essence for each and every provision of <br />this Agreement. <br /> <br />6. Compensation. Consultant will be compensated for performance of the Services <br />as set forth in Exhibit B, attached hereto and made a part hereof by reference. <br /> <br />6.1 Payment for the Services will be remitted directly from Plan assets unless <br />the City chooses to make payment directly to Consultant. In the event that the City <br />chooses to make payment directly to Consultant, it shall be the responsibility of the City <br />to remit payment directly to Consultant based upon an invoice prepared by Consultant <br />and delivered to the City. <br /> <br />6.2 Consultant shall maintain adequate records and shall permit inspection <br />and audit by City of Consultant's charges under this Contract. Consultant shall make <br />such records available to City during normal business hours upon reasonable notice. <br />Nothing herein shall convert such records into public records, and they will be available <br />only to City and any specified public agencies. Such records shall be maintained by <br />Consultant for one (1) year following completion of the work under this Contract unless <br />a longer period of time is required by state or federal law, in which event Consultant <br />shall retain its records for the time required by such laws. <br /> <br />6.3. The payment made to Consultant pursuant to the Agreement will be the <br />full and complete compensation to which Consultant is entitled. City will not make any <br />federal or state tax withholdings on behalf of Consultant or its agents, employees or <br />subcontractors. City will not be required to pay any workers' compensation insurance or <br />unemployment contributions on behalf of Consultant or its employees or subcontractors. <br />Consultant agrees to reimburse City within thirty (30) days for any tax, retirement <br />contribution, social security, overtime payment, unemployment payment or workers' <br />compensation payment which City makes on behalf of Consultant or any agent, <br />employee, or subcontractor of Consultant for work done under this Agreement. At the <br />City’s election, City may deduct the reimbursable amount from any balance owing to <br />Consultant. <br /> <br />6.3.A. - Page 7