Common use of Termination for Convenience of Owner Clause in Contracts

Termination for Convenience of Owner. The Owner may terminate this Agreement at any time by a notice in writing from the Owner to the Consultant. In that event, all finished or unfinished documents and other materials as described in Section O, 1. shall, at the option of the Owner, become the Owner’s property. If the Agreement is terminated by the Owner as provided herein, the Consultant shall be paid an amount which bears the same ratio of the total compensation as the services actually performed bear to the total services of the Consultant covered by this Agreement; provided, however, that if less than thirty-five percent (35%) of the total services covered by this Agreement have been performed upon the effective date of such termination, the Consultant shall be reimbursed (in addition to the above payment) for that portion of the actual out-of-pocket expense (not otherwise reimbursed under this Agreement) incurred by the Consultant during the Agreement period which are directly attributable to the uncompleted portion of the services covered by this Agreement.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Termination for Convenience of Owner. The Owner may terminate this Agreement at any time by a notice in writing from the Owner to the Consultant. In that event, all finished or unfinished documents and other materials as described in Section OM, 1. shall, at the option of the Owner, become the Owner’s property. If the Agreement is terminated by the Owner as provided herein, the Consultant shall be paid an amount which bears the same ratio of the total compensation as the services actually performed bear to the total services of the Consultant covered by this Agreement; provided, however, that if less than thirty-five percent (35%) of the total services covered by this Agreement have been performed upon the effective date of such termination, the Consultant shall be reimbursed (in addition to the above payment) for that portion of the actual out-of-pocket expense (not otherwise reimbursed under this Agreement) incurred by the Consultant during the Agreement period which are directly attributable to the uncompleted portion of the services covered by this Agreement.

Appears in 1 contract

Samples: Master Agreement

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Termination for Convenience of Owner. The Owner may terminate this Agreement at any time by a notice in writing from the Owner to the Consultant. In that event, all finished or unfinished documents and other materials mat erials as described in Section O, 1. shall, at the option of the Owner, become the Owner’s property. If the Agreement is terminated by the Owner as provided herein, the Consultant shall be paid an amount which bears the same ratio of the total compensation as the services actually performed bear to the total services of the Consultant covered by this Agreement; provided, however, that if less than thirty-five thirty -five percent (35%) of the total services covered by this Agreement have been performed upon the effective date of such termination, the Consultant shall be reimbursed (in addition to the above payment) for that portion of the actual out-of-pocket expense (not otherwise reimbursed under this Agreement) incurred by the Consultant during the Agreement period which are directly attributable to the uncompleted portion of the services covered by this Agreement.

Appears in 1 contract

Samples: Agreement

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