This signed agreement may be considered as an application for credit, and therefore authorizes Cornerstone
Employer Solutions and its agents to investigate the credit of the Client named in this document and its
principals. Credit Checks involve checking with vendors, references, and Client bank to verify status, history and
other applicable credit information. Client acknowledges that it must be accepted for ACH services upon
verification and approval of Client’s credit information. Cornerstone Employer Solutions reserves the right to
refuse ACH services to any Client or client.
Client acknowledges that they shall utilize the services of Cornerstone Employer Solutions and its agents for the
purposes of transferring funds through ACH in accordance to the rules of the National Automated Clearing House
Association (NACHA), the laws of Florida and any applicable state, and all the applicable federal rules and
regulations for various purposes that include, but are not limited to: direct deposit distribution of the Client’s
employee payroll funds, flexible benefit plans, taxes, child support, or any other applicable reason that the
Client may desire to transfer funds electronically through ACH.
IMPORTANT: Client is responsible to have all necessary funds on hand and fully
fund all ACH transmissions
processed by Cornerstone Employer Solutions on Client’s behalf. Client is responsible for any and all losses,
liabilities and related recovery expenses that may occur due to incorrect data, rejected transfers, insufficient
funds, unlawful activity and any unauthorized ACH transmissions. Client acknowledges that if sufficient funds are
not available by the date required pursuant to this agreement, (1) Client will immediately become solely
responsible for all tax deposits and filings, all employee wages, all wage garnishments, and all related penalties
and interest due then and thereafter, (2) any and all Cornerstone Employer Solutions services may, at Cornerstone
Employer Solutions’s option, be immediately terminated, (3) neither Bank nor Cornerstone Employer Solutions will
have any further obligation to Client or any third party with respect to any such services, and (4) Cornerstone
Employer Solutions may take such action as it deems appropriate to collect Cornerstone Employer Solutions’s
services fees pursuant to the Professional Employer ServiceAgreement between the parties.
I, an authorized representative of Client and on behalf of Client, authorize Cornerstone Employer Solutions and
its agents to initiate ACH credits and debits from all accounts indicated by my company for payroll and related
processing services. Client is responsible to provide to Cornerstone Employer Solutions all data necessary for
processing of all ACH transactions. Client is responsible for ensuring that all employees understand their
responsibilities as they relate to ACH as per Cornerstone Employer Solutions Employee Authorization Form
provided.
