Common use of Payment in Case of Termination Clause in Contracts

Payment in Case of Termination. 10.5.1 If the Agreement is terminated by COMPASS pursuant to Paragraph 10.1, the CONTRACTOR’s compensation shall, at COMPASS' option, be calculated on the basis of services actually performed and expenses actually incurred prior to the effective termination date and reduced by all costs and damages incurred by COMPASS as a result of the default of the CONTRACTOR. 10.5.2 If the Agreement is (i) terminated by the CONTRACTOR pursuant to Paragraph 10.2; (ii) terminated by COMPASS pursuant to Paragraph 10.3;