Yes, the license agreement allows you to incorporate a stock asset into your design for use by the company.
@Jill_C wrote:
Yes, the license agreement allows you to incorporate a stock asset into your design for use by the company.
But not exacly for a logo. You can't claim logo protection, at least not for the stock part. And that will make the logo unusable (well, unenforceable if challenged).
Section 7.1 C of the licensing terms: Restrictions.

Look here for more information on licensing: https://community.adobe.com/t5/stock/links-for-licensing-terms/td-p/11366788
(Disclaimer: As always with licensing, this is my interpretation of the rules. I think they are correct and advice is based on reading and interpreting the licence terms and on fair use for both the buyer and the artist/stock company, but I cannot rule out that my interpretation is wrong. I'm not an Adobe employee).