Common use of Contingency Amount Clause in Contracts

Contingency Amount. (a) You may wish to set aside part of your individualised budget as a contingency amount for emergencies, unplanned events or increased care needs which may arise in the future. (b) If you and we agree to set aside a contingency amount: (i) we will identify the contingency amount on your individualised budget; (ii) if there is any contingency amount remaining in the event we cease providing Home Care to you, the contingency amount will be calculated and transferred as part of the Unspent Home Care Amount in accordance with clause 7.8 below.