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<br />- ~---- ---------.- <br /> ORiGiNAL <br /> AGREEMENT FOR WORKERS' COMPENSATION <br /> CLAIMS ADMINISTRATION SERVICES <br /> This Agreement is made effective this 1 st day of July 2002, between Claims <br />Management, Inc. (hereinafter referred to as "CMI"), and the City of Redwood City <br />(hereinafter referred to as "City"). <br /> RECITALS <br /> WHEREAS, City desires to self-insure its liability to its employees pursuant to the <br />Workers' Compensation laws of the State of California, and <br /> WHEREAS, CMI is qualified and willing to administer the self-insured workers' <br />compensation program undertaken by the City, and <br /> WHEREAS, City desires to retain the services of CMI and CMI agrees to render <br />its services for City on the terms and conditions of this Agreement. <br /> NOW, THEREFORE, in consideration of the mutual promises, conditions and <br />covenants hereinafter set forth, CMI and City agree as follows: <br /> I. TERM <br /> The term of this Agreement shall be from 12:01 a.m., July 1,2002 to midnight <br />on June 30, 2003, unless sooner terminated as provided in Section IV, hereof. <br /> II. CONSIDERATION <br /> The annual fee payable to CMI pursuant to this Agreement shall be $129,000, <br />payable in arrears in monthly installments of $10,750, which payment shall be due on <br />the first day of each month beginning August 1, 2002. <br />F:ATTY/AGRlAGR.048 1 <br />061902 <br />