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<br /> <br /> 5605 N. MacArthur Blvd. 469.524.0000 phone <br /> Gabriel Roeder Smith & Company Suite 870 469.524.0003 fax <br /> GRS Consultants & Actuaries Irving, TX 75038-2631 www.gabrielroedeccom <br /> <br /> <br /> MASTER AGREEMENT <br /> <br /> Pursuant to the award of Joint Actuarial Services by the North Central Texas Council of <br /> Governments (NCTCOG), this agreement confirms the terms under which of government) <br /> <br /> hereinafter referred to as `CONTRACTING GOVERNMENT" has engaged Gabriel, <br /> Roeder, Smith & Co. hereinafter referred to as "GRS" to perform actuarial consulting <br /> services. In as much as this relationship will involve several actuarial reviews and other <br /> services that will be governed by the Request for Proposal issued by NCTCOG on May <br /> 31, 2006 and our subsequent response to that proposal, we have agreed to establish this <br /> "master agreement" defining the general terms and conditions for all work performed. <br /> <br /> This agreement will not, by itself, authorize the performance of any services. Rather <br /> specific services will be authorized through a separate engagement letter that references <br /> this master agreement and details the services to be provided and the timeframe and fees <br /> required. In the event of an inconsistency between this master agreement and an <br /> individual engagement letter, the master agreement will be followed. <br /> <br /> As described in the above referenced Request for Proposal the following terms apply: <br /> <br /> A. Tax Exempt Entities. CONTRACTING GOVERNMENT is exempt from <br /> manufacturer's federal excise tax and states sales tax. Tax exemption certificates <br /> will be issued upon request. <br /> <br /> B. Role of NCTCOG. NCTCOG has served as a facilitator to the RFP and award <br /> process but the contractual relationship is between GRS and the CONTRACTING <br /> GOVERNMENT. <br /> <br /> C. Aggreffate Information. GRS agrees to supply NCTCOG with the specified <br /> results from the valuations and to aggregate that information with that of other <br /> governments for the purpose of benchmarking. <br /> <br /> D. Fees. GRS agrees to follow the attached pricing schedule ("Attachment A") for <br /> pricing of its services. <br /> <br /> 1. Review of Charges. CONTRACTING <br /> hourly or outs othe f righ tto review <br /> pock expenses <br /> the supporting documentation for any Y charges <br /> assessed to the CONTRACTING GOVERNMENT under the fee schedule. <br /> J. Termination. Both CONTRACTING GOVERNMENT ~ttn noticed GRS will have the <br /> right to terminate this agreement through <br /> GOVERNMENT will pay any charges or prorate fees incurred to the date the <br /> termination notice is received and actuary will cease any in progress work unless <br /> specific stopping points are provided in the letter. <br /> <br /> <br /> EXHIBIT A- <br /> <br /> . 0OU121 <br />