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responsibilities under this Agreement including but not Iimited to pr( <br />vididg, <br />TASC <br />with correct, complete and timely data or other information, or no <br />ices <br />equired <br />under this Agreement; and to timely pay fees; <br />E. TASC will not be responsible for any damages or losses due to a <br />i efau.t <br />by the <br />Plan Sponsor. [n the event of a default by the Plan Sponsor: <br />L) This Agreement may be terminated and all amounts due and to <br />econ <br />a due to <br />TASC shall become hnmediatelydue and payable, at TASC's so' <br />opt <br />on; and, <br />2) 'TASC reserves the right to suspend all or any services to the Plat <br />Sp <br />nsor and <br />the Plan, including the reporting or processing of Plan data and I <br />aym <br />nts, and <br />3) TASC will not be responsible for the timeliness or accuracy of <br />ny r <br />porting, <br />participant payments, tax deposits or payroll, payments until the <br />efault(s) <br />has <br />been cured and: all outstanding obligations the Plan Sponsor hav <br />befit. <br />paid to <br />TASC. <br />7. Termination and Renewal of Agreement <br />A. This Agreement will renew automatically. Either party may can nate this <br />A,�reement with sixty (60) days written notice. If setvices are to ina�ed ander <br />this Agreement, the Plan Sponsor will be responsible for rowing any <br />outstanding services required under the Plan. I <br />B. Yotwitlistanding the term described above, ACA Employerepoiting will <br />continue for a l2 -month initial term, thereafter renewing autom• tically for one <br />year terms. Either party may terminate this Agreement with 'ixtyl(60) day <br />written notice. <br />III <br />C. [f services are terminated tinder this Agreement fix reasons oth r tha+ a TASC <br />I <br />i <br />3 <br />I <br />25E-34 <br />