Common use of Termination Termination Clause in Contracts

Termination Termination. 18.1 CLBC may immediately terminate a Contract should any of the following events occur: a. The SP has been notified by CLBC of the SP’s failure to fulfil its responsibilities under that Contract and within 30 days of receiving the notification the SP has not: i. corrected the failure; or ii. developed and obtained CLBC’s agreement to a plan that will correct the failure; b. The plan in Section 18.1(a)(ii), on completion, did not correct the failure; c. The health or safety of the Individual receiving the Services is at immediate risk; or d. The SP becomes insolvent and/or declared bankrupt. CLBC will be responsible for paying the SP for Services delivered to the date of termination. 18.2 CLBC may terminate a Contract without cause and for any reason by giving written notice of termination to the SP in accordance with the notice period specified in that Contract, in which case: a. CLBC will be responsible for paying the SP for Services delivered to the end of the notice period. b. The SP may incur termination costs required either by the Employment Standards Act or under a collective agreement related to its employees engaged only in the performance of Services specific to that Contract. Subject to receipt of documentation satisfactory to CLBC, CLBC will consider reimbursement of these termination costs for a period not exceeding 90 days, including the notice period. Any such reimbursement is not intended to create any type of employment or contractual relationship between CLBC and the SP and/or between CLBC and the employees or sub-contractors of the SP. 18.3 Other than as specified in Section 18.1, 18.2, and 20.2, the SP will not be entitled to any payment, penalty, or recourse. 18.4 The SP may terminate a Contract without cause and for any reason by giving written notice of termination to CLBC in accordance with the notice period specified in that Contract.