Agmt 2005 George Hills Company Inc

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paid by the CITY unless it chooses to cancel representation by the CLAIM ADMINISTRA- TOR prior thereto. In the event a claim is open three (3) months or exceeds three (3) hours time, the CLAIM ADMINISTRATOR may submit an interim bill far payment. VI. TERM The term of this contract shall be from July 1, 2005, to and including June 30, 2007. This contract shall be terminated by either party, for any reason, upon sixty (60) days written notice. This contract may be renewed on a yearly basis subject to the same terms and conditions, except that Paragraph V, PAYMENT FOR SERVICES, herein may be renegotiated by the parties hereto. VII. CONFLICT OF INTEREST In the event the CLAIM ADMINISTRATOR receives a claim from the CITY in which there arises a "conflict of interest," the CLAIM ADMINISTRATOR shall immediately notify the CITY. The CITY may then choose to hire another well-qualified claims firm to handle that particular claim to a conclusion. VIII. INDEPENDENT CONTRACTOR In performing claims administrative services herein agreed upon, the CLAIM ADMINISTRATOR shall have the status of an independent contractor and shall not be deemed to be an officer, employee, or agent of the CITY. IX. INDEMNIFICATION The CLAIM ADMINISTRATOR will defend, indemnify, and hold harmless the CITY from and against all claims, demands, actions, or causes of action which may arise from the action, conduct, or failure to act by CLAIM ADMINISTRATOR personnel. The CITYwill defend, indemnify, and hold harmless the CLAIM ADMINISTRATOR from and against all claims, demands, actions, or causes of action which may arise from the action, conduct, or failure to act by the CITY. The CITY will defend, at no cost to the CLAIM ADMINISTRA- TOR, in those cases wherein the CLAIM ADMINISTRATOR is named in a filed or verified complaint simply by virtue of the fact it is the claim administration firm on a given claim. X. INSURANCE The CLAIM ADMINISTRATOR shall provide the CITY with Certificates of Insurance duly executed by the insurance company or companies authorized to transact business in 3