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<br /> <br /> <br /> <br /> <br /> 4. TERM AND TERMINATION <br /> <br /> The term of this Agreement shall commence on the Effective Date, and continue for a period of <br /> five (5) one-year periods based on system cutover date. The Agreement will be renewed upon <br /> the City's annual payment of Support and Maintenance Fees as set forth in Section 5, below. <br /> <br /> After the initial contract period either party may terminate this Agreement providing sixty (60) <br /> day written notice to the other party. <br /> <br /> In the event the other party fails to perform its obligations under this Agreement, and such <br /> default is not cured within thirty (30) days after receipt of such written notice, the non-defaulting <br /> party may terminate by sending ten (10) day written notice to the defaulting party. <br /> <br /> <br /> 5. FEES AND INVOICES. <br /> <br /> The License provided pursuant to Section 1, above, and Installation services shall be included <br /> in the Year 1 ATIMS Maintenance, Integration and Interface services fee, as set forth in Section <br /> 5. 1, below. <br /> <br /> 5.1. Annual Support and Maintenance Fees: The Annual Support and Maintenance fees are <br /> described in the table below. The first year payment includes the License fee for the license <br /> described in Section 1, above, and installation services as set forth in Section 2, above. The <br /> Year 1 fee shall be due on the following schedule: <br /> <br /> • 40% due on the signing of this contract; <br /> <br /> • 15% is due on installation of the test database (Addendum A, Task 3.1 a); <br /> • 15% due on installation of production database (Addendum A, Task 3.1 b); <br /> <br /> • 10% on delivery of Training (Addendum A, Task 3.3) <br /> <br /> • 15% on System Cutover (Addendum A, Task 3.4). This date becomes the anniversary <br /> date for payments due thereafter. <br /> <br /> • 5% on System Documentation (Addendum A, Task 3.5). <br /> <br /> <br /> 1 ATIMS Maintenance, Integration, and Interface services. $ 105,000 <br /> 2 ATIMS Maintenance and Integrations services. $ 87,000 <br /> 3 ATIMS Maintenance Fee $ 57,000 <br /> 4 ATIMS Maintenance Fee $ 66,780 <br /> 5 ATIMS Maintenance Fee $ 66,780 <br /> <br /> <br /> <br /> <br /> <br /> <br /> 25B-7 <br />