FIVB
a) An Agent who terminates his activity for any reason shall file a signed declaration to that effect with the FIVB and at the same time return his License.
b) The FIVB shall reimburse to the Agent the guarantee mentioned in Article Step 1, (paragraph “f”). Such reimbursement may not take place earlier than six (6) months from the date the FIVB received the declaration and the License in accordance with paragraph (a) above.
c) The FIVB may ex officio cancel the License of an Agent who has failed or has been unable to comply with paragraph (a) above and announce such decision publicly. In such case, the FIVB shall decide in its sole discretion whether the guarantee mentioned in Article Step 1, (paragraph “f”) shall be reimbursed to the Agent.
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