Common use of Termination or Modification of Stop Loss Program Clause in Contracts

Termination or Modification of Stop Loss Program. (1) Group may at anytime, without terminating the Agreement and by no less than sixty (60) days prior written notice to Blue Shield, terminate this Stop Loss Program and (delete this Exhibit from the Agreement), provided that Group provides to Blue Shield, in conjunction with such termination notice, a certificate of insurance demonstrating that Group has (or will have as of the effective date of such termination) stop loss coverage in compliance with Paragraph 7.4 of the Agreement. In the event of such termination, the Stop Loss Attachment Level described below will not be prorated. (2) Blue Shield may, without terminating the Agreement and by no less than sixty (60) days prior written notice to Group, terminate this Stop Loss Program as to Group (and delete this Exhibit from the Agreement) as of midnight of the last day of the Agreement Year. (3) Blue Shield may, by no less than sixty (60) days prior written notice to Group, modify the provisions of this Stop Loss Program, including without limitation the Stop Loss Program Charges specified below. Such modification shall be effective as of the first day of the Agreement Year which immediately follows the Agreement Year in which such notice is given.

Termination or Modification of Stop Loss Program. (1) Group may at anytime, without terminating the Agreement and by no less than sixty (60) days prior written notice to Blue Shield, terminate this Stop Loss Program and (delete this Exhibit from the Agreement), provided that Group provides to Blue Shield, in conjunction with such termination notice, a certificate of insurance demonstrating that Group has (or will have as of the effective date of such termination) stop loss coverage in compliance with Paragraph 7.4 of the Agreement. In the event of such termination, the Stop Loss Attachment Level described below will not be prorated. (2) Blue Shield may, without terminating the Agreement and by no less than sixty (60) days prior written notice to Group, terminate this Stop Loss Program as to Group (and delete this Exhibit from the Agreement) as of midnight of the last day of the Agreement Year.. *** Confidential Treatment Requested (3) Blue Shield may, by no less than sixty (60) days prior written notice to Group, modify the provisions of this Stop Loss Program, including without limitation the Stop Loss Program Charges specified below. Such modification shall be effective as of the first day of the Agreement Year which immediately follows the Agreement Year in which such notice is given.

Termination or Modification of Stop Loss Program. (1) Group may at anytime, without terminating the Agreement and by no less than sixty (60) days prior written notice to Blue Shield, terminate this Stop Loss Program and (delete this Exhibit from the Agreement), provided that Group provides to Blue Shield, in conjunction with such termination notice, a certificate of insurance demonstrating that Group has (or will have as of the effective date of such termination) stop loss coverage in compliance with Paragraph 7.4 of the Agreement. In the event of such termination, the Stop Loss Attachment Level described below will not be prorated. (2) Blue Shield may, without terminating the Agreement and by no less than sixty (60) days prior written notice to Group, terminate this Stop Loss Program as to Group (and delete this Exhibit from the Agreement) as of midnight of the last day of the Agreement Year.. *** Confidential Treatment requested (3) Blue Shield may, by no less than sixty (60) days prior written notice to Group, modify the provisions of this Stop Loss Program, including without limitation the Stop Loss Program Charges specified below. Such modification shall be effective as of the first day of the Agreement Year which immediately follows the Agreement Year in which such notice is given.