Common use of Option to Terminate Clause in Contracts

Option to Terminate. This contract may be terminated without cause by the Contractor upon ninety (90) calendar day’s prior written notice to the other party. Termination shall be effective only at midnight of the last day of a calendar month. The option of the Contractor to terminate this contract prior to the end of the initial term or any renewal term shall be contingent upon the payment of liquidated damages, performance of all obligations upon termination as defined in this contract, and payment in full of any refunds or other sums due the Division pursuant to this contract.

Appears in 6 contracts

Samples: medicaid.ms.gov, medicaid.ms.gov, medicaid.ms.gov

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