You only need an active bus terminator if, what would otherwise be, the end of the bus will get powered off. If the G120 is the end of the bus then the control units can be supplied with an external 24V so that they don't die when the power to the drive is off.
Do you need to power down the drives? I've only used G120s on Profisafe with Safe Torque Off; Does your chosen control unit support STO from terminals? The S120 drives certainly do so no output contactors required.
Nick