Common use of Authorization and Power-of-Attorney Clause in Contracts

Authorization and Power-of-Attorney. A. You will provide an authorization for us or our designee to: (i) initiate debit or credit entries to your Payroll Account for the applicable charges related to the Payroll Services; (ii) send or transmit to the bank, a credit entry to the account of an employee to effect a payment from you to the employee; and/or (iii) send or transmit a debit entry to the employee’s account in order to effect a payment from the employee to you or cover any shortfall. This authority is to remain in full force and effect until we have received written notification from you of your termination in such time and in such manner as to afford us a reasonable opportunity to act on such notification.