Common use of 2Compensation Clause in Contracts

2Compensation. HCA shall pay to Contractors as compensation for the performance of all services necessary and incidental to meet Contractor’s obligations under this contract the Monthly Premiums. Initial rates used in calculating the Monthly Premium will be determined by the RFC Process as described in Exhibit 3 – Request for Completion Process (RFC Process) and finalized by a formal amendment to this Contract. If this Contract is terminated pursuant to Section 7.40.F. such that none of Contractor’s medical plans are offered as a SEBB Medical Plan to Subscribers during the 2019 Annual Open Enrollment, HCA shall pay as compensation to Contractor for any implementation services and deliverables described in Exhibit 6 – Implementation Plan the lesser of (i) actual costs incurred by Contractor in the performance of such services and delivery of accepted deliverables, or (ii) $100,000. No other compensation will be owed by HCA to Contractor if this Contract is so terminated. Any such payment made under Section Error: Reference source not found.B. shall be contingent upon Contractor providing (i) all completed or in process Deliverables to HCA, and (ii) a detailed invoice of the costs incurred by Contractor in performing implementation services set forth in Exhibit 6 – Implementation Plan. Both (i) and (ii) of this subsection C. shall be as of the effective date of termination pursuant to Section 7.40.F.

Appears in 1 contract

Sources: Professional Services

2Compensation. HCA shall pay to Contractors as compensation for the performance of all services necessary and incidental to meet Contractor’s obligations under this contract the Monthly Premiums. Initial rates used in calculating the Monthly Premium will be determined by the RFC Process as described in Exhibit 3 – Request for Completion Process (RFC Process) and finalized by a formal amendment to this Contract. If this Contract is terminated pursuant to Section 7.40.F. ▇.▇.▇▇.. such that none of Contractor’s medical plans are offered as a SEBB Medical Plan to Subscribers during the 2019 Annual Open Enrollment, HCA shall pay as compensation to Contractor for any implementation services and deliverables described in Exhibit 6 – Implementation Plan the lesser of (i) actual costs incurred by Contractor in the performance of such services and delivery of accepted deliverables, or (ii) $100,000. No other compensation will be owed by HCA to Contractor if this Contract is so terminated. Any such payment made under Section Error: Reference source not found.B. B.. shall be contingent upon Contractor providing (i) all completed or in process Deliverables to HCA, and (ii) a detailed invoice of the costs incurred by Contractor in performing implementation services set forth in Exhibit 6 – Implementation Plan. Both (i) and (ii) of this subsection C. shall be as of the effective date of termination pursuant to Section 7.40.F.▇.▇.▇▇..

Appears in 1 contract

Sources: Professional Services