Common use of Excess Benefit Payment Clause in Contracts

Excess Benefit Payment. In the event that it is determined by any office of the Internal Revenue Service, any other federal administrative agency, or a court of competent jurisdiction that any payment made under this Agreement is an excess benefit transaction under Internal Revenue Code §4958 or other federal law, (a) UCP may terminate this Agreement, and (b) Provider shall immediately repay the amount determined to be an excess benefit. Such repayment does not prejudice the recipient’s right to contest the validity of the determination or to seek reimbursement of a repayment if the determination is overturned.

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement, Part Time Provider Employment Agreement

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