Common use of Termination of Director’s Contract Clause in Contracts

Termination of Director’s Contract. The producer may terminate the Director’s contract as per Article 11 of the Agreement if the insurance company either refuses to insure the Director under reasonable terms, or withdraws coverage pursuant to the insurance contract. The producer shall send a written notice to the Director and to the Guild upon being notified of the refusal or withdrawal.

Termination of Director’s Contract. ‌ The producer may terminate the Director’s contract as per Article 11 of the Agreement if the insurance company either refuses to insure the Director under reasonable terms, or withdraws coverage pursuant to the insurance contract. The producer shall send a written notice to the Director and to the Guild upon being notified of the refusal or withdrawal.