This Payment Policy is an Agreement between you ("user") and Endres Actuarial Consulting LLC, d/b/a Endres Actuarial Computing ("EAC", “we”, “us”, “our”), for its software products, and, as applicable, associated media, printed materials, and "online" or electronic documentation (collectively hereinafter "Software").

 

Individual License

 

1.      Payment for an Individual License is done through the EAC web site on the Purchase Page. Alternatively, an invoice can be issued upon request.

 

2.      If the subscription is due to expire in 30 days or less, the user will see a pop-up screen every time the add-in is activated when Excel is launched. The screen warns the user that the subscription is due to expire, and the user is directed to the Purchase Page on the EAC web site.

 

Multi-User License

 

1.      Invoicing: We will issue invoices for the subscription fees prior to the commencement of each subscription period. The invoice will include the applicable subscription fee and any applicable taxes or charges.

 

2.      Payment Terms: Payment for the annual subscription to the EAC Tools Software is due within 30 days of the invoice date (“Payment Terms”) unless alternative Payment Terms have been agreed upon. All fees are quoted and payable in United States Dollars (USD) unless otherwise specified.

 

3.      Late Payments: In the event that payment is not received within the Payment Terms, we reserve the right to suspend or terminate your access to the Software until payment is received in full. Late payments may be subject to interest charges at the rate of 5% per month, or the maximum rate permitted by law, whichever is lower.

 

4.      Disputes: If you believe that there is a discrepancy or error in the invoiced amount, you must notify us in writing within 15 days of the invoice date. Failure to provide timely notice will be deemed as an acknowledgment of the accuracy of the invoiced amount.

 

5.      Payment Methods:

a.      Check.

b.     ACH (Automated Clearing House).

c.      Credit card payments are available upon request and will incur a surcharge of 3% of the total invoiced amount.

 

6.      Taxes: You are responsible for all applicable taxes, duties, and other governmental charges imposed on the subscription fees.

 

7.      Refunds: Subscription fees are non-refundable.

 

8.      Right to Modify Fees: We reserve the right to modify our subscription fees upon at least 30 days notice as posted on our web site. Continued use of the Software after such modification shall constitute acceptance of the new fees.