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payments through CWU, or directly to IFT, before being permitted to continue the training. Within five days of the <br />end of each quarter or upon a student's withdrawal from a training course, IFT will reconcile each student account <br />and refund any unused training fees to CWU. CWU will be responsible for returning the unused fees to the student <br />or other authorized funding source. In no event will IFT refund unused training fees directly to the student. <br />4.6 Cancellations. Students will not be charged for training sessions cancelled by IFT. If IFT must <br />reschedule or cancel a student's scheduled training session on less than 24 hours' notice, IFT will make every effort <br />to notify the student by phone, email, or otherwise. Efforts to notify the student must be documented in the <br />student's training record. Students will be charged for training sessions cancelled by the student on less than 24 <br />hours' notice. <br />4.7 . Training Materials and Tests. It is understood and agreed that IFT will have no responsibility <br />for the cost of student training materials, FAA computerized tests, or the student registration fee for the ETA data <br />management system. Such items are the separate responsibility of CWU flight students or will. be absorbed into the <br />existing student fee structure for ground school training. <br />4.8 Unscheduled Training. CWU and IFT recognize that students may want to fly on their own <br />during the summer and other scheduled breaks. Students choosing to fly outside the regular quarterly training <br />periods may be required to make payments directly to IFT before being permitted to fly. <br />V. CONTRACT TERM, TERMINATION, DISPUTES <br />5.1 Term. The term of this Agreement shall be for a period of five years beginning on September 1 <br />and ending on August 31 of each year, except for the first year which will begin in October 2014. This Agreement <br />may be renewed upon mutual agreement for additional terms of up to five years each. <br />5.2 Termination. <br />(a) This Agreement may be terminated at any time by mutual written agreement of the parties. <br />(b) The Agreement may be terminated by either party for a material breach by the other party of that <br />party's obligation(s) hereunder. In the event of breach, the aggrieved party must provide written notice to the <br />breaching party and allow fifteen (15) days to cure. If the breach cannot be cured within that time or such other time <br />as deemed reasonable by the aggrieved party, the Agreement may be terminated immediately by written notice of <br />the aggrieved party. Termination for breach shall not be deemed to limit any of the terminating party's contractual <br />remedies as against the breaching party. <br />(c) The Agreement may be terminated by either party by giving written notice by January 1 of each <br />year that the parties are unable to agree on a proposed student training fee schedule for the ensuing academic year. <br />5.3 Disputes. Any disputes between the parties arising under or related to this Agreement shall be <br />resolved informally if possible, but if the parties cannot so resolve their differences, then arbitration shall provide the <br />sole and exclusive remedy for addressing the contract dispute. The parties shall jointly select one arbitrator <br />acceptable to both parties. If the parties cannot agree on an arbitrator, the Yakima Dispute Resolution Center shall <br />be requested to choose an arbitrator. The fees and expenses of the arbitrator shall be shared equally by both parties <br />to this Agreement, and each party shall bear its own costs and attorney fees. Arbitration shall be conducted <br />according to the commercial arbitration procedures established by the American Arbitration Association, The <br />arbitrator's decision or award shall be final and binding on both parties. <br />5.4 Essential Terms. Time and safety are each of the essence of the terms of Sections II and III of <br />this Agreement relating to IFT's provision of flight training services to CWU students. <br />CWU Flight Training Agreement Page 5 <br />