Common use of Iro Removal Termination Clause in Contracts

Iro Removal Termination. 1. The Friendship Entities and IRO. If the Friendship Entities terminate their IRO or if the IRO withdraws from the engagement during the term of the CIA, the Friendship Entities must submit a notice explaining (a) its reasons for termination of the IRO or (b) the IRO’s reasons for its withdrawal to OIG, no later than 30 days after termination or withdrawal. The Friendship Entities must engage a new IRO in accordance with Paragraph A of this Appendix and within 60 days of termination or withdrawal of the IRO.

Appears in 2 contracts

Sources: Corporate Integrity Agreement, Corporate Integrity Agreement