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<br />4.03 If this Agreement is terminated by Purchaser, except as provided in Paragraph 4.02, <br />above, Purchaser agrees to pay to Contractor a termination fee in an amount equal to <br />twice the average of the monthly administration fee due for all months immediately <br />preceding termination. Such termination fee is due and payable within thirty (30) days <br />after notice of termination, or immediately upon termination if no notice is given, and is <br />in addition to any monthly administration fee, or portion thereof, or any other monies due <br />and payable to Contractor under this Agreement. <br /> <br />4.04 If this Agreement is terminated for cause by Purchaser under Paragraph 4.02, above, the <br />Purchaser shall not be liable for any termination fees or charges. Moreover, Purchaser <br />may withhold from the current administration fees due Contractor, the costs incurred by <br />Purchaser in attempting to gain Contractor's performance of the Agreement. <br /> <br />SECTION FIVE <br />ADMINISTRATION FEES AND REIMBURSEMENT <br /> <br />5.01 Purchaser agrees to pay Contractor a monthly administration fee which shall be due and <br />payable in full on or before the first (1st) day of each month at its home office in <br />Richardson, Texas, during the term of this Agreement. <br /> <br />, <br />., <br /> <br />a. In the event payment of the monthly administration fee is not paid by the twentieth <br />(20th) day of the month, Contractor may suspend its performance under this <br />Agreement without notice until such fees and late charges are paid. <br /> <br />b. After the twentieth (20th) day of the month, a late charge may be assessed each <br />day for late payment of all monies owed to Contractor by Purchaser under this <br />Agreement. The late charge shall be charged as interest and equal to ten percent <br />(10%) of the past-due amount owed, or the maximum amount permitted by state <br />law, whichever is less. <br /> <br />c. After the thirty-first (31st) day the Contractor may terminate this Agreement for <br />non-payment of fees. <br /> <br />5.02 The amount of the administration fee shall be determined in accordance with the <br />specifications contained in Item One ofthe current Exhibit to this Agreement, if any. <br /> <br />5.03 The administration fee shall be subject to change by Contractor as follows: <br /> <br />a. On each anniversary of the Effective date of this Agreement, upon thirty (30) <br />days' prior written notice to purchaser; <br /> <br />b. On the implementation date of any changes in the Benefit Program which would <br />increase Contractor's cost of administration; <br /> <br />c. On any date that increased expenses are incurred by Contractor because of <br />changes imposed by governmental entities--limited to increases sufficient to <br />recover the additional expenses; or <br /> <br />5 <br /> <br />~ i I <br />I' "I <br />, ,I <br />