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<br />.... <br /> <br />... <br /> <br />I <br /> <br />SECTION TIIREE <br />RElATIONSHIP OF PARTIES <br /> <br />3.01 Contractor shall not be construed, represented or held out to be a partner, associate, <br />joint venturer or employee of Purchaser nor shall the Contractor be construed, <br />represented, or hold out to be an agent of the Purchaser or agent of any insurance <br />company". Contractor shall at all times have the status of an independent contractor. <br /> <br />3.02 Purchaser agrees not to engage any other party to perform the same work that <br />Contractor performs hereunder while this Agreement is in effect, unless notice of <br />termination has been given under paragraph 4.02 below. <br /> <br />3.03 Contractor is not a statutory fiduciary of Purchaser's Benefit Program nor is <br />Contractor a plan administrator within the meaning of the Employee Retirement <br />Income Security Act of 1974, Public Law 93-406. <br /> <br />3.04 This Agreement is not a contract of insurance and Contractor is not an insurer or <br />underwriter of Purchaser's liability under the Benefit Program. Purchaser has and <br />retains the ultimate responsibility for payment of claims and other expenses under the <br />Benefit Program. <br /> <br />SECTION FOUR <br />TERM AND TERMINATION <br /> <br />4.01 The term of this Agreement shall be for the period of one (1) year commencing on <br />the Effective Date specified herein and shall continue in full force and effect from <br />year to year thereafter unless terminated as provided herein. <br /> <br />4.02 This Agreement may be terminated as follows: <br /> <br />a. By either party on any anniversary of the Effective Date of this Agreement <br />following thirty (30) days prior written notice to the other, <br /> <br />b, By Contractor upon Purchaser's failure to fund the bank account as provided <br />for in paragraph 6.02 of Section Six below, or <br /> <br />c. By Purchaser for cause, upon 15 days prior written notice, if Contractor fails <br />to correct any deficiency in the performance of its obligations under this <br />Agreement within 15 working days after notice of such deficiency is given to <br />Contractor by Purchaser in writing, <br /> <br />d. By both parties on any date mutually agreed to. <br /> <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 <br />to 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) <br />days after notice of termination, or immediately upon termination if no notice is <br />given, and is in addition to any monthly administration fee, or portion thereof, or any <br />other monies due and payable to Contractor under this Agreement. <br /> <br />4 <br />