Common use of Exit Management Plan Clause in Contracts

Exit Management Plan. If included as part of any tender process leading to the award of this Contract, within three months of the Start Date or if there has been no tender process and the Fund so requests, within three (3) months of such request, the Service Provider shall develop and agree an exit plan with the Fund, consistent with any Exit Requirements notified to the Service Provider from time to time, which shall ensure continuity of the Services on expiry or earlier termination of this Contract. The Service Provider shall provide the Fund with the first draft of an exit plan within one (1) month of the request. If the parties cannot agree an exit plan in accordance with the timescales set out in this Clause 24.1 (such agreement not to be unreasonably withheld or delayed), such failure to agree shall be deemed a dispute to be resolved in accordance with the dispute resolution procedure set out in Clause 55. Once agreed such exit plan shall be the “Exit Management Plan”. The parties shall review and, as appropriate, update the Exit Management Plan on each anniversary of the Start Date of this Contract.