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Bank of America 12/30/2021
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Bank of America 12/30/2021
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Last modified
1/28/2022 2:31:34 PM
Creation date
1/28/2022 2:30:26 PM
Metadata
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Template:
Contracts
Contractor's Name
Bank of America
Approval Date
12/30/2021
Department
Purchasing
Department Project Manager
Theresa Bauccio-Teschlog
Subject / Project Title
PCard Schedule of Fees & Rebates
Tracking Number
0003164
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Purchase
Retention Period
6 Years Then Destroy
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Washington Alaska Public Sector Group <br /> Amended Schedule of Fees and Rebates <br /> The Standard Transactions Rebate Multiplier will be determined based on the Calculation Period cumulative total of <br /> all Standard Transactions volume,including Standard Transactions volume from travel rewards participants, <br /> however,Standard Transactions volume that is applied to travel rewards points will not be Included in the rebate <br /> payout calculation. This paragraph is applicable for products with Travel Rewards only. <br /> Payment of any rebate will be made by ACH credit or other means determined by Bank of America,within ninety <br /> (90)days following the end of the Calculation Period. <br /> Should one or more of the above Rebate Conditions not be met,Bank of America will be under no obligation to pay <br /> any rebate,although Bank of America may,in its sole discretion,determine to pay a rebate in an amount <br /> determined by Bank of America. Bank of America's payment of a rebate in such circumstance will In no way obligate <br /> Bank of America to pay a rebate with respect to any subsequent Calculation Period. <br /> Each Local Public Body must have a minimum annual card Transaction Volume total of$500,000.00 before that Local <br /> Public Body will be eligible to receive an individual rebate payment. The Calculation period cumulative Transaction <br /> Volume from all Local Public Body members Transaction Volume will determine the rebate volume tier for each <br /> rebate-qualified consortium member. <br /> REMAINDER OF PAGE LEFT BLANK INTENTIONALLY <br />
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