Common use of Audit Adjustments Clause in Contracts

Audit Adjustments. In the event a final audit confirms that wages have been misreported to us, you agree to make corrective adjustments. We and our workers’ compensation carriers reserve the right to inspect the worksite and records pertaining thereto as necessary to validate classifications of workers and change the Classification Codes to conform to industry standards. You agree to pay us any amounts due for carrier or regulatory designated changes to a Classification Code that may alter the total premium due, and we agree to credit you for any changes in Classification Codes that result in a credit to the premium due. This provision expressly survives the expiration or termination of this Agreement. 5.

Appears in 2 contracts

Sources: Client Service Agreement (ShiftPixy, Inc.), Client Service Agreement (ShiftPixy, Inc.)