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<br />ADMINISTRATIVE SERVICE~ AGREEMENT <br /> <br />EXHIBIT B <br />DISBURSEMENT FUNDING <br /> <br />1. Disbursement registers are payable upon receipt. In the event that such disbursement payments <br />are not received, processing will be delayed until payment is received. <br /> <br />2. <br /> <br />Companies using disbursement only services can elect one of the following alternatives: <br /> <br />2.1 <br /> <br />Pay .0333% per day interest for past due reimbursements, in which event interest begins <br />accruing on outstanding balances from the 6th business day after the disbursements <br />were released; or <br /> <br />2.2 <br /> <br />Pay to Flex-Plan within 30 days after the commencement of the Plan Year an advance <br />disbursement. Said advance disbursement shall be a sum equal to eight percent (8%) of <br />the projected annual elections for the Plan. Said sum, or the portion thereof not utilized, <br />shall then be reimbursed to the City promptly at the end of the grace period for that Plan <br />Year. <br /> <br />-6- <br /> <br />1371320.5 <br /> <br />...._. .......-.....-.....--------.-.. .'. .. ....--.-.-.-----..-..--."..--. <br />