Payment Determination Clause Samples
The Payment Determination clause defines how and when payments are calculated and made under an agreement. It typically outlines the criteria for determining the amount owed, such as milestones achieved, services rendered, or goods delivered, and may specify the timing and method of payment. This clause ensures both parties have a clear understanding of payment expectations, reducing the risk of disputes over compensation and facilitating smooth financial transactions.
Payment Determination. The Committee may exercise its discretion to reduce the Final Vesting Percentage (but not below 100%) if the Company’s TSR for the Measurement Period is less than zero (0).
Payment Determination. (a) A service or supply qualifies for payment under this Agreement if it qualifies for payment under the QUEST program and is Medically Necessary. SAMPLE
(b) Payment determinations are based on policies developed by HMSA Medical Directors in consultation with practicing physicians, as well as HMSA policies, peer-reviewed literature and nationally recognized standards. Any determination that a service or supply does not meet payment determination requirements will be made by an HMSA Medical Director. The fact that a physician may prescribe, order, recommend, or approve a service or supply does not in itself mean that the service or supply meets payment determination requirements.
(c) Participating Allied Health Provider’s right to appeal a payment determination is set forth in Article VIII of this Agreement.
Payment Determination. Payment Determination" shall have the meaning specified in Section 10.3 of the Agreement.
Payment Determination. The Committee may exercise its discretion to reduce or eliminate payments if the Award Period average TSR is less than or equal to the 25th percentile.
Payment Determination. “Payment Determination” shall have the meaning specified in Section 7.2(b) of the Agreement.
Payment Determination. The Committee may exercise its discretion to reduce or eliminate payments if the Award Period average TSR is less than or equal to the 25th percentile or the average EP is less than or equal to 25% of Target. For performance levels falling between the values shown on the Payment Table (Schedule A), the Percentages will be determined by interpolation. 175% or > 100 150 200 150 % 75 125 175 100 % 50 100 150 50 % 25 75 125 25% or < 0 50 100 25th or < 50th 75th or >
Payment Determination. The Committee may exercise its discretion to reduce the payment under this Award Agreement to no more than the target level if the Company’s TSR for the Measurement Period is less than zero (0).