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Code of Federal Regulations Title 20. Employees' Benefits § 20.416.2171 Duration of agreement

Current as of January 02, 2025 | Updated by Findlaw Staff

An agreement under this subpart is automatically renewed for 1 year at the end of the term stated in the agreement and again at the end of each 1–year renewal term, unless—

(a) The State and we agree in writing to end it at any time;

(b) Either the State or we end it at any time without the other's consent by giving written notice at least 90 days before the end of a term, or 120 days before any other ending date selected by whoever wants to end the agreement;  or

(c)(1) The State fails to pay our costs as agreed;

(2) We notify the State in writing, at least 30 days before the ending date we select, why we intend to end the agreement;  and

(3) The State does not give a good reason for keeping the agreement in force beyond the ending date we selected. If the State does provide a good reason, the termination will be postponed or the agreement will be kept in force until the end of the term.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.416.2171 Duration of agreement - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-416-2171/

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