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m___--_-- ---~- u_~-- - ARTICLE 3 -- PAYMENTS 3.1 3.2 The amount payable under this Contract, to be paid by City of Redwood City to Delta, at the address shown on the cover of this Contract, shall be as follows: City of Redwood City agrees to pay Delta, on or before February 1, 1998, the sum of $3,500.00 as an initial deposit on the total prefunding amount of $10,500.00, and within ten days of receiving each monthly accounting, City of Redwood City shall pay Delta the amount shown thereof as the full amount of Dentists' statements paid, plus 20.5% to compensate Delta for its administration of the dental program provided hereby. The amounts payable for each person who elects continued coverage as provided in paragraph 2.11 for himself or herself only shall be the same as those for a single Eligible Employee. The amounts payable for a person who also elects continued coverage for his or her dependents shall be the same as those for an Eligible Employee with the same number of dependents. City of Redwood City and the Eligible Employees agree to bear the cost of such amounts payable. However, City of Redwood City may charge persons electing continued coverage pursuant to Article 10 such amounts as are permitted by Title X of P.L. 99-272. Delta will call/fax the City of Redwood City indicating the dollar amount of the claims paid plus the administration fee. The City of Redwood City will contact its bank requesting a wire transfer of funds to Wells Fargo Bank, Convention Plaza, for the total dollar amount of the claims paid, plus the administration fee. Delta will provide a supporting invoice and a copy of the Group Activity Report to the Group. The prefunding amount shall be paid in advance of the Effective Date, and this Contract shall not be in effect until such payment is received by Delta. 8 ~----~ -_._..-.,-,_.~._~~