Mid-Month Termination Clause Samples
The Mid-Month Termination clause allows either party to end an agreement before the end of a calendar month, rather than waiting until the month's conclusion. In practice, this means that if a party wishes to terminate the contract on, for example, the 15th of the month, they may do so, and any payments or obligations are typically prorated to reflect the partial month. This clause provides flexibility for both parties, ensuring that they are not bound to a full month's commitment if circumstances change, and helps to fairly allocate costs or responsibilities for the period actually used.
Mid-Month Termination. For a termination of this Agreement that occurs during the middle of any month, the premium for that month shall be apportioned on a pro rata basis. Contractor shall be entitled to premiums from Enrollees for the period of time prior to the date of termination and Enrollees shall be entitled to a refund of the balance of the month.
Mid-Month Termination. For a termination of this Agreement that occurs during the middle of any month, the premium for that month shall be apportioned on a pro rata basis. Contractor shall be entitled to premiums from Covered California Enrollees for the period of time prior to the date of termination and Covered California Enrollees shall be entitled to a refund of the balance of the month. Contractor shall follow the methodology specified in 10 CCR § 6500 (i) for the refund of any excess premiums paid. The same methodology shall apply to proration of APTC and CSR amounts for a coverage lasting less than one month.
Mid-Month Termination. For a termination of this Agreement that occurs during the middle of any month, the premium for that month shall be apportioned on a pro rata basis. Contractor shall be entitled to premiums from Covered California Enrollees for the period of time prior to the date of termination and Covered California Enrollees shall be entitled to a refund of the balance of the month. Contractor shall follow the methodology specified in 10 CCR § 6500(i) for the refund of any excess premiums paid. The premium for coverage lasting less than one month shall equal the product of:
(1) The premium for one month of coverage divided by the number of Days in the month; and
(2) The number of Days for which coverage is being provided in the month.
Mid-Month Termination. For a termination of this Agreement that occurs during the middle of any month, the premium for that month shall be apportioned on a pro rata basis. Contractor shall be entitled to premiums from Enrollees for the period of time prior to the date of termination and Enrollees shall be entitled to a refund of the balance of the month. Contractor shall follow the methodology specified in 10 CCR § 6500(i) for the refund of any excess premiums paid. The premium for coverage lasting less than one month shall equal the product of:
(1) The premium for one month of coverage divided by the number of days in the month; and
(2) The number of days for which coverage is being provided in the month.
Mid-Month Termination. For a termination of this Contract that occurs during mid-month, the CCO Payments for that month shall be apportioned on a daily basis. Contractor shall be entitled to CCO Payments for the period of time prior to the date of termination and OHA shall be entitled to a refund for the balance of the month.