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03-09-26-R
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03-09-26-R
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17 <br />VI. Term and Termination <br />A. Term. This Agreement is effective as of the date first written hereinabove <br />until the termination of this Agreement pursuant to this Section VI of the <br />Agreement. <br />B. Termination. This Agreement may be terminated by either party at any <br />time by written notice of intention to terminate given to the other party to <br />be effective as of a specified date not less than sixty (60) days from the <br />date such notice is received. Notwithstanding the foregoing, in the event <br />Plan Administrator terminates this Agreement pursuant to this Section VI.B. <br />during any contract term for reasons other than termination for cause, as <br />described in Section VI.C. below, the Plan shall pay to Benefit Extras such <br />transition reporting fees incurred by Benefit Extras to transfer <br />administration to successor Continuation Coverage administrator. <br />C. Post-Termination Obligations. Benefit Extras may, as mutually agreed <br />upon by Employer, Plan Administrator and Benefit Extras, provide certain <br />administrative services following the termination of this Agreement. <br />VII. Miscellaneous <br />A. Agreement Amendment. This Agreement may be amended only by mutual <br />agreement in writing executed by all parties, except that Benefit Extras may <br />amend this Agreement to the extent necessary to comply with applicable <br />federal, state or local laws or regulations. Notwithstanding the foregoing, <br />Benefit Extras may amend Exhibit A to this Agreement on an annual basis <br />(as of <MONTH> 1st) by providing to Employer a copy of the amended <br />Exhibit A on or before the preceding November 1st. If Employer provides <br />written notice to Benefit Extras of its objection to such amendment on or <br />before December 1st of the preceding year, such amendment shall not <br />become effective and the Agreement shall terminate effective <MONTH> <br />1st. Notwithstanding the forgoing, Benefit Extras may revise Exhibit A at <br />any time if any change in the law or regulations imposes upon Benefit Extras <br />greater duties or obligations than are contemplated by this Agreement. <br />Notwithstanding anything herein to the contrary, payment to Benefit Extras <br />by Employer (or a third party on Employer’s behalf) of any fees for <br />Administrative Services provided by Benefit Extras on or after the effective <br />date of any amendment to the Agreement proposed by Benefit Extras and <br />communicated to Employer and Plan Administrator will constitute <br />Employer’s and Plan Administrator’s acceptance of all terms and conditions <br />of such proposed amendment as of the proposed effective date of such <br />amendment.
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