Annual Reconciliations. The Agency shall conduct annual cost reconciliations to determine the amount of cost savings achieved by the Health Plan for the dates of service in the period being reconciled. The Agency shall calculate the aggregate amount of actual payments made on behalf of the Health Plan’s enrollees.
Annual Reconciliations. 18.1 By the end of the first quarter of the following Financial Year the District Council shall send to the County Council a reconciliation (each such reconciliation being an "Annual Reconciliation") in accordance with clause 18.5 below in respect of each Account detailing individual Income and Expenditure Items and the total of all Income and Expenditure Items over the course of the preceding Financial Year and which, under the terms of this Agreement, fail to be accounted for in the Accounts.
Annual Reconciliations. (a) If, with respect to a Fiscal Year, SpinCo has failed to submit a Yearly Base Forecast for each Product SKU that is equal or more than the Purchase Commitment (or Termination Purchase Commitment, as applicable) for such Product SKU for such Year, following the end of such Fiscal Year, the Joint Operations Group shall review the aggregate Product ordered by SpinCo by Product SKU and the Xxxx-Up received by Parent based on such orders in such Fiscal Year (treating as received any Xxxx-Up that was not received on account of any underruns pursuant to Section 5.2). If Parent has received less than one hundred percent (100%) of the Xxxx-Up for a Product SKU that Parent would have received had SpinCo submitted and complied with a Yearly Base Forecast for such Product SKU equal to the Purchase Commitment for such Product SKU for such Fiscal Year, then SpinCo will pay to Parent a payment that will be calculated, on a Product SKU-by-Product SKU basis, as the Lost Xxxx-up for such Fiscal Year as a result of such failure. Any amount owed by SpinCo under this Section 4.8(a) shall be payable by SpinCo within ninety (90) days of receipt of an invoice therefor from Parent.
Annual Reconciliations. In the event that the Parties discover any material data errors, omissions or misclassifications of employee status that impacts the valuation of the pension obligations and the amount of any pension asset transfer or the valuation of the APBO and the amount of any reimbursement, upon notification and verification, the Parties shall correct the amount of the affected pension asset transfers or APBO reimbursement using the same bases and methods described herein with respect to the original pension asset transfers and APBO reimbursement. The Parties shall take all necessary actions to transfer the benefit liabilities associated with the transferred assets and to retroactively correct the misclassifications of affected employees.
Annual Reconciliations. The process by which Xxxxx and Seller reconcile and offset amounts due each other as provided in Section 2.6.
Annual Reconciliations. (a) Subject to Section 9.5.1(a), within sixty (60) calendar days after the last day of each Calendar Year during the Term, or portion thereof if applicable, GSK will calculate the royalty payments due to ALLERGAN pursuant to Sections 3.2.1 and, if applicable, 3.2.2(a) for such Calendar Year. In the event the total payment due pursuant to Section 3.2.1 and, if applicable, 3.2.2(a) in any Calendar Year is greater than the total for each such amount that GSK has paid under Section 3.6.1 in such Calendar Year, the difference will be paid by GSK to ALLERGAN within sixty (60) days after the last day of such Calendar Year, or portion thereof if applicable. In the event the total payment due pursuant to Section 3.2.1 and, if applicable, 3.2.2(a) in any Calendar Year is less than the total for each such amount that GSK *** Certain confidential information contained in this document, marked with 3 asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Act of 1934, as amended. has paid under Section 3.6.1 in such Calendar Year, the difference will be paid by ALLERGAN to GSK within sixty (60) days after the last day of such Calendar Year, or portion thereof if applicable.
Annual Reconciliations. (a) Subject to Section 9.5.1(a), within sixty (60) calendar days after the last day of each Calendar Year during the Term, or portion thereof if applicable, GSK will calculate the royalty payments due to ALLERGAN pursuant to Sections 3.1.1 and, if applicable, *** Certain confidential information contained in this document, marked with 3 asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Act of 1934, as amended.
Annual Reconciliations. If, for any Operating Year, the amount of the installments of the Annual Operating Fee paid to Operator shall be less than or more than the actual Annual Operating Fee payable for such Operating Year, based upon the final determination of Gross Revenue for such year in the Annual Statement, then, within fifteen (15) days after the delivery of such Annual Statement to Owner, Operator shall withdraw from the Operating Accounts the net amount of any such underpayment or, if overpaid, pay into the Operating Accounts the net amount of overpayment.
