RELOCATION SERVICES
AGREEMENT
THIS AGREEMENT
is between First Interstate Bank (hereinafter referred to as
Company) having its principal office at 401 North 31
st Street, Billings, MT, 59116 and NRI
Relocation, Inc., (hereinafter referred to as NRI), having its
principal office at 195 Arlington Heights Road, Suite 101, Buffalo
Grove, IL 60089, in order to facilitate the relocation of the
Company’s transferred employees.
NRI shall assume
the responsibility for the administration, coordination and
execution of authorized services within the guidelines of the
Company’s relocation policy. In lieu of a written policy,
Company will provide specific written authorization for services
with any financial limits or restrictions outlined.
NRI will provide
the services described on Exhibits A through for the respective
fees indicated at such time they are specifically authorized by the
Company.
The Company
authorizes NRI to perform the services indicated on the attached
Exhibits in accordance with this Agreement. To facilitate
NRI’s performance, Company hereby agrees to the following
provisions:
Responsibility for Payment
NRI and Company
agree that Company will be held responsible for all monies due NRI
and its assigns by any Company affiliate that utilizes this
Agreement.
Company agrees to
pay NRI invoices within 30 days of the date of the billing and
further agrees that interest at 1.5% per month, or fraction
thereof, shall accrue for any amounts unpaid as of 30 days
following the billing date.
Company agrees to
indemnify NRI and its assigns with respect to any claim arising out
of the administration of this Agreement that is due to the
negligence, willful misconduct, or failure of Company, its
employees, or its agents to conform to the procedures or satisfy
their obligations as set forth in this Agreement. The Company will
defend such claims or authorize NRI to defend any such claims, in
which case the Company shall reimburse NRI for any reasonable costs
including but not limited to out of pocket expenses and attorney
fees incurred by NRI in defending and/or settling any claim. No
settlement payment shall be reimbursable without the prior written
consent of the Company.
NRI agrees to
indemnify the Company and its assigns with respect to any claim
arising out of the administration of this Agreement that is due to
the negligence, willful misconduct, or failure of NRI, its
employees, or its agents to conform to the procedures or satisfy
their obligations as set forth in this Agreement. NRI will defend
such claims or authorize the Company to defend any such claims, in
which case NRI shall reimburse Company for any reasonable costs
including but not limited to out of pocket
