Contract or Program Termination Clause Samples

Contract or Program Termination. A. In the event of termination of this Contract or a program within this Contract; 1. If initiated by Contractor, Contractor shall provide written notice to ACBH Program and Fiscal Contract Managers at least 30 calendar days prior to termination; and 2. If initiated by ACBH, ACBH Fiscal Contract Manager shall provide written notice to Contractor at least 30 calendar days prior to termination. Upon notice of a Contract or program termination, Contractor shall do the following: 1. Immediately eliminate all new costs and expenses under this Contract or program. 2. Provide accounting of any unused or unexpended equipment and/or supplies purchased by Contractor with funds obtained through this Contract and deliver such equipment and/or supplies to ACBH upon written request from ACBH. 3. Promptly submit a written report of all information necessary for the reimbursement of any outstanding claims and/or continuing costs to their ACBH Fiscal Contract Manager. 4. Surrender all fiscal records to ACBH, if requested by ACBH. For a Contract termination, Contractor must complete a Cost Report within thirty (30) calendar days of receipt of the Cost Report template from ACBH. ACBH may reimburse Contractor for reasonable and necessary costs or expenses incurred after ACBH’ receipt of Contractor’s notice of termination, within the contract maximum.