Common use of Effect of Providing Notice of Termination Clause in Contracts

Effect of Providing Notice of Termination. WCI, Inc.’s receipt of the Withdrawal Notice shall have the following effects: (i) Within fifteen (15) business days of WCI, Inc.’s receipt of the Notice of Termination, WCI, Inc. shall provide to ECOLOGY a draft plan of withdrawal (“Withdrawal Plan”). A copy of the Withdrawal Plan shall also be provided to all other participating jurisdictions. (ii) The Withdrawal Plan shall include, at a minimum, the following items: (1) List of specific actions and tasks required on the part of WCI, Inc. to withdraw ECOLOGY as a participating jurisdiction including, but not limited to: removing ECOLOGY from all IT and related platforms, closing all escrow accounts, collecting and returning all ECOLOGY confidential, personal and proprietary information that is in the actual or constructive possession of WCI, Inc. (collectively, “Withdrawal Services”); (2) Describe the phasing out of ECOLOGY’s participation in WCI, Inc.’s programs and activities during the period prior to the Termination Date (as defined below); (3) Provide a list of all actions required of ECOLOGY to withdraw as a participating jurisdiction and a timeline for the execution of Withdrawal Services, which shall include the estimated date upon which the Withdrawal Services shall be complete (“Termination Date”); (4) WCI, Inc.’s cost to provide the Withdrawal Services (“Withdrawal Cost”) as described further in Section 22(c) below; and (5) An accounting of the fees paid to WCI, Inc. under this Contract by ECOLOGY and application of the Withdrawal Costs. (iii) ECOLOGY shall have ten (10) business days to provide WCI, Inc., with a copy to all other participating jurisdictions, with its written comments on the draft Withdrawal Plan. WCI, Inc. and ECOLOGY, in consultation with the other participating jurisdictions to the extent possible, shall work in good faith and in a diligent manner to finalize the terms of a mutually agreeable Withdrawal Plan (“Final Plan”) as soon as reasonably possible.

Effect of Providing Notice of Termination. WCI, Inc.’s receipt of the Withdrawal Notice shall have the following effects: (i) a. Within fifteen (15) business days of WCI, Inc.’s receipt of the Notice of Termination, WCI, Inc. shall provide to ECOLOGY Nova Scotia a draft plan of withdrawal (“Withdrawal Plan”). A copy of the Withdrawal Plan shall also be provided to all other participating jurisdictionsParticipating Jurisdictions. (ii) b. The Withdrawal Plan shall include, at a minimum, the following items: (1) . List of specific actions and tasks required on the part of WCI, Inc. to withdraw ECOLOGY Nova Scotia as a participating jurisdiction Participating Jurisdiction including, but not limited to: removing ECOLOGY Nova Scotia from all IT and related platforms, closing all escrow accounts, collecting and returning all ECOLOGY confidential, personal Nova Scotia confidential and proprietary information that is in the actual or constructive possession of WCI, Inc. (collectively, “Withdrawal Services”); (2) . Describe the phasing out of ECOLOGYNova Scotia’s participation in WCI, Inc.’s programs and activities during the period prior to the Termination Date (as defined below); (3) . Provide a list of all actions required of ECOLOGY Nova Scotia to withdraw as a participating jurisdiction Participating Jurisdiction and a timeline for the execution of Withdrawal Services, Services which shall include the estimated date upon which the Withdrawal Services shall be complete (“Termination Date”); (4) . WCI, Inc.’s cost to provide the Withdrawal Services (“Withdrawal Cost”) as described further in Section 22(c) 3 below; and (5) . An accounting of the fees paid to WCI, Inc. under this Contract Agreement by ECOLOGY and Nova Scotia and, after application of the Withdrawal Costs, whether there will be fees returned to Nova Scotia (“Excess Fees”) or there are additional amounts that will be owed by Nova Scotia to WCI, Inc. (“Additional Fees”). (iii) ECOLOGY c. Nova Scotia shall have ten (10) business days to provide WCI, Inc., with a copy to all other participating jurisdictionsParticipating Jurisdictions, with its written comments on the draft Withdrawal Plan. WCI, Inc. and ECOLOGYNova Scotia, in consultation with the other participating jurisdictions Participating Jurisdictions to the extent possible, shall work in good faith and in a diligent manner to finalize the terms of a mutually agreeable Withdrawal Plan (“Final Plan”) as soon as reasonably possible.