Billing Schedule

Monthly Fees

Bundled Pricing: If Client purchases Paycor Services that are subject to bundled pricing, Paycor will begin billing Client monthly Fees for the month during which Client first processes payroll.

Non-Bundled Pricing: If Client purchases Paycor Services which are not subject to bundled pricing, Paycor will begin billing Client for Fees either for the month during which the Paycor Service is activated or when Client first processes payroll, whichever occurs later. Paycor will bill all recurring monthly and per processing fees at minimum once per month.

Services Sold Without Payroll (Non-Payroll Bundles): Paycor will bill Client for non-payroll bundles on the day Client signs the applicable Order. Paycor sends invoices electronically via email only.

Prices for in-application purchases are not included in this Order and will be included in the invoice following the in-application purchase.

Year End Fees: Paycor will bill year end fees following the provision of year-end services.

Miscellaneous Fees: Any miscellaneous fees accrued will be included on Client’s next regular invoice.

Payment Terms: Client will pay all invoices in accordance with the due date set forth on such invoice.

Volume Based Pricing: The prices for certain Services as set forth on this Order may be volume and/or transaction based and totals reflected on the Order are based upon estimated volumes as specified by the Client. You will be invoiced based upon the actual quantity of Units as outlined in this Order.

Minimum Volume or Fee Requirements: Certain Services may also be subject to a minimum employee count or minimum fee requirement. If You do not meet the minimum requirement for the applicable Services, You may be assessed a minimum fee for such monthly period. Any minimum fee will be considered a Miscellaneous Fee.

Clocks: If Client rents or purchases Clocks with time services, the following language shall apply.

Rented Clocks: Unless otherwise set forth in the applicable Order, all fees for Rented Clocks shall begin (and shall be invoiced from) the first day of the month in which the Rented Clock is shipped to Client (unless that Rented Clock has been returned) regardless of when in the month those Rented Clock(s) are ordered and shipped to Client.

Purchased Clocks: The purchase price for the Purchased Clocks is the amount set forth on the Order (which includes the clock price and an extended warranty), which will be billed and shall be paid by the last day of the month in which the Purchased Clock is shipped to the Client.

Paycor WISE Pro: Paycor will begin billing Fees for all Paycor WISE Pro seat license(s) for the month in which the seat is purchased, regardless of when or whether the seat is assigned. As seat licenses are non-transferable, removing or deactivating a seat for one User and adding or activating a seat for a different User in the same month will result in two billable seats for that month. If Client maintains multiple affiliated Client accounts within the Services, Client may designate a different affiliated Client account to receive invoices for seat license Fees. If any affiliated Client account becomes inactive, terminated, or otherwise unavailable for billing purposes, Paycor may designate another active affiliated Client account to receive such invoices. Such designation is for billing purposes only and does not affect User assignments, access rights, permissions, or obligations under the Agreement.

Paycor may introduce, modify, or remove usage limits and consumption-based Fees at any time in its sole discretion, upon reasonable notice to Client. Any such change will apply prospectively only and will not affect consumption already incurred or seat license Fees already invoiced for the then-current billing period. Where usage limits apply, certain Users may purchase additional consumption at Paycor’s then-current pricing on Client’s behalf. Paycor determines usage limits, consumption units, and related pricing, which will be made available to User through the Services or the Billing Schedule prior to or at the time of purchase.