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r 1 . <br /> r <br /> k <br /> L RL <br /> -2- <br /> tion <br /> -tion the contract v. the Town shall pay the Contractor any <br /> balance due on said contract held by the Town as retained funds <br /> under the Provisions of this- paragraph. The additional secur- <br /> ity required herein shall be on the same teras and conditions <br /> more art icul art ' s et forth in the performance ond.'-. . <br /> as are b , <br /> hereinbefore mentioned. <br /> The term of this agreement shall be for three years commencing <br /> July l 1981 and expiring June 30 , 19846 <br /> the - event -that the Contractor fails s= <br /> In , in any material re <br /> ect to per his art o- the contract, the Town nay, .at <br /> p _ <br /> its option, declare this contract terminated and of no further <br /> effect except with reference to such rights , obligations and <br /> duties that existed prior to the effective' date of 'termination* <br /> ercise- this tion the 'Town shall give thirty <br /> �n ander to ex � <br /> (30) days notice in writing. to the Contractor of such inten� Fµ <br /> of declaring this contract terminated, the Town . <br /> _ tion. In lie g _ <br /> ` ld anent or payments of all or any part. o the perms <br /> may nth payment � - <br /> payments compensation ion the Contractor t compensate : <br /> �od� paye ... <br /> the .Town for <br /> work not performed and/or as security- for the- corRr <br /> rection by the Contractor of work.- improperly performed. - <br /> In the event o,f breach by the Contractor, any forebear'ance by <br /> the 'down in actiong on same shall- not constitute a waiver of the <br /> reach. All <br /> remedies set forth herein shall 'be cumulative and <br /> not mutually exclusive. <br /> The Contractor shall be .refired to inta ix effect at all <br /> times during the duration of -this agreement Workmen' s Compensa " <br /> a e for his employees- in <br /> tion Insurance cover accordance with <br /> the requirements f Cha ter ' 152 of the ene r'al Lars of the Com <br /> - <br /> of <br /> and all -other applicable General Laws , rubs and re - <br /> ulations promulated by the Commonwealth;, personal injury in- <br /> g <br /> surance coverage four motor vehicles and equipment - anininu <br /> sum <br /> of $100 .,000 per ern -ad Soo 1,Doo p,er accident ;' property. <br />