Transition Responsibilities upon Termination. Upon termination of this Contract, the Contractor will cooperate with the County in an orderly transfer of administrative responsibilities and records to the new contractor. In the event that the County elects not to renew this Contract at the end of the Term, or otherwise terminates this Contract as provided or authorized herein, the Contractor agrees to fully cooperate in the transition of the new contractor, in accordance with the Transition Assistance Services schedule (Attachment G) attached hereto. In the event the Contractor terminates a relationship with a subcontractor providing services for the Plans or in the event self-directed brokerage services or advice and managed account services to the Plan are terminated for whatever reason during the term of this Contract, the Contractor shall:
Transition Responsibilities upon Termination. Upon termination of this Contract, the Contractor will cooperate with the County in an orderly transfer of administrative responsibilities and records to the new contractor. In the event that the County elects not to renew this Contract at the end of the Term, or otherwise terminates this Contract as provided or authorized herein, the Contractor agrees to fully cooperate in the transition of the new contractor, in accordance with the Transition Assistance Services schedule (Attachment G) attached hereto. The Contractor must provide all necessary documents and computer files and generally assist the new contractor and the County, in a professional and workmanlike manner, in learning the content of such documents and files, or otherwise as will be mutually agreed upon. Once the Contractor has been notified of Contract termination, all general participant communications must be approved by the County. No unauthorized communications with participants will be permitted. In the event the Contractor terminates a relationship with a subcontractor providing services for the Plans or in the event self-directed brokerage services or advice and managed account services to the Plan are terminated for whatever reason during the term of this Contract, the Contractor shall:
Transition Responsibilities upon Termination. 1. Upon termination of this Contract, the Contractor will cooperate with the County in an orderly transfer of administrative responsibilities and records to the new contractor and continue to provide all ongoing services through the termination date of the Contract. If County chooses a mid-year transition, County and Contractor shall mutually agree upon a date to transfer all ongoing and historical County Participant data.
Transition Responsibilities upon Termination. Upon termination of this Contract, the Contractor will cooperate with the County in an orderly transfer of administrative responsibilities and records to the new contractor. In the event that the County elects not to renew this Contract at the end of the Term, or otherwise terminates this Contract as provided or authorized herein, the Contractor agrees to fully cooperate in the transition of the new contractor. The Contractor must provide all necessary documents and computer files and generally assist the new contractor and the County in learning the content of such documents and files, or otherwise as will be mutually agreed upon. Once the Contractor has been notified of Contract termination, all general participant communications must be approved by the County. No unauthorized communications with participants will be permitted. In the event that the Contractor terminates a relationship with a subcontractor providing services for the Plans or in the event self-directed brokerage services or the advice and managed account services to the Plan are terminated for whatever reason during the term of this Contract, the Contractor shall: Provide the County notice of the change in the subcontractor or in the services sixty (60) calendar days in advance of the transition Prepare a transition plan, including a communication strategy to impacted Plan participants Present the transition plan to the County for review and input, particularly regarding participant communications Attachment B FEES No administrative fee will be charged by the Contractor for the Term of this Agreement (including any extensions). The fees for Plan loans shall be as defined in the Plan Loan Policies issued by the Plan Administrator and charged to the accounts of participants with loans. The annual fee and miscellaneous costs associated with the Self Directed Brokerage Account (SDBO) shall be defined in the Self-directed Brokerage Policies and Procedures and are charged to the accounts of participant that chose to use this service. The Contractor will receive investment management fees and expenses and/or various revenue from outside parties not limited to commissions, reimbursements, sub-transfer agency, 12(b) 1 or broker fees. The Contractor is required to provide the County with full and complete disclosure of all costs, fees, and revenue received and any and all financial relationships with third-parties that will be involved, directly or indirectly, in connection with the Plans or the Co...
