Termination by Contract Holder Sample Clauses
The 'Termination by Contract Holder' clause grants the party identified as the contract holder the explicit right to end the agreement before its scheduled completion. Typically, this clause outlines the procedures the contract holder must follow, such as providing written notice within a specified timeframe or fulfilling certain conditions prior to termination. Its core practical function is to provide flexibility and control to the contract holder, allowing them to exit the contractual relationship if circumstances change or if the agreement no longer serves their interests.
Termination by Contract Holder. This Group Agreement may be terminated by Contract Holder as of any Premium Due Date by providing Us with 30 days prior written notice. However, We may in Our discretion accept an oral indication by Contract Holder or it’s agent or broker of intent to terminate.
Termination by Contract Holder. The Contract Holder may terminate this Group Agreement in its entirety or in any particular Service Area, for any reason, by giving Aetna at least 60 days prior written notice of when such termination will become effective. The notice shall specify the effective date of the termination, which shall be the first day of the month, and the Plan(s) and Service Areas to be terminated if not the entire Group Agreement. (Note: Aetna requires 60 days’ notice in order to provide sufficient time to meet the CMS requirement to provide Members with at least 21 calendar days’ notice of termination.)
Termination by Contract Holder. The Contract Holder may terminate this Contract at any time by giving a 30 day written notice of termination to OTIP, and OTIP shall upon surrender of this Contract refund the amount of Contribution paid in excess of the termination date. The termination date shall be the later of: (a) the end of the month in which the written notice of termination is received; (b) the end of the month for which termination of this Contract was requested by the Contract Holder in writing; or (c) the end of the month for which Contributions were paid.
Termination by Contract Holder. The Parties acknowledge the CMS requirement that Aetna provide Members with a minimum of 30 days' advance written notice prior to termination of their coverage under the Plan. To allow Aetna to comply with this CMS requirement, this Group Agreement may be terminated by Contract Holder by providing Us with a minimum of 60 days prior written notice ("Notice of Termination"). The Notice of Termination shall specify the effective date of such termination, which shall be on the 1" day of a calendar month and may not be less than 60 days from the date of the notice, and including the following information: Contract Holder's name, Contract Holder's Group Number, Service Area(s) (if Contract Holder elects to terminate the Plan in some, but not all, Service Areas covered under this Group Agreement), Plan name, and the effective date of termination of the Group Agreement. To the extent permitted under applicable law, this Group Agreement may also be terminated by Contract Holder immediately upon notice to Aetna if Aetna has performed any act or practice that constitutes fraud or made any intentional misrepresentation of a material fact relevant to the coverage provided under this Group Agreement.