Common use of Planning Cycle Clause in Contracts

Planning Cycle. The success of the Planning Cycle depends on the timely performance of each party. To ensure delays do not have a material adverse effect on Hospital Services or LHIN operations, the following provisions apply: (i) If the LHIN fails to meet an obligation or due date in Schedule A, the LHIN may do one or all of the following: (a) adjust funding for Fiscal Year 2009/10 to offset a material adverse effect on Hospital Services resulting from the delay; and/or (b) work with the Hospital in developing a plan to offset any material adverse effect on Hospital Services resulting from the delay, including providing LHIN approvals for any necessary changes in Hospital Services. (ii) At the discretion of the LHIN, the Hospital may be subject to a financial reduction if the Hospital’s: (a) HAPS is received by the LHIN after the due date in Schedule A without prior LHIN approval of such delay; (b) HAPS is incomplete; (c) quarterly performance reports are not provided when due; or (d) financial and/or clinical data requirements are late, incomplete or inaccurate. If assessed, the financial reduction will be as follows: (i) if received within seven Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of: (i) a reduction of 0.03% of the Hospital’s Base Funding; or (ii) $2,000; and (ii) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial financial reduction.

Planning Cycle. The success of the Planning Cycle planning cycle depends on the timely performance of each party. To ensure delays do not have a material adverse effect on Hospital Services or LHIN operations, the following provisions apply: (i) 13.1.1 If the LHIN fails to meet an obligation or due date in Schedule AB, the LHIN may do one or all of the following: (a) adjust funding for Fiscal the Funding Year 2009/10 to offset a material adverse effect on Hospital Services resulting from the delay; and/or (b) work with the Hospital in developing a plan to offset any material adverse effect on Hospital Services resulting from the delay, including providing LHIN approvals for any necessary changes in Hospital Services. (ii) 13.1.2 At the discretion of the LHIN, the Hospital may be subject to a financial reduction if the Hospital’s: (a) HAPS Planning Submission is received by the LHIN after the due date in Schedule A B without prior LHIN approval of such delay; (b) HAPS Planning Submission is incomplete; (c) quarterly performance reports are not provided when due; or (d) financial and/or clinical data requirements are late, incomplete or inaccurate. If assessed, the financial reduction will be as follows: (i) A. if received within seven Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of: (i) a reduction of 0.03% of the Hospital’s Base total Funding; or (ii) $2,000; and (ii) B. for every full or partial week of non-compliance thereafter, the rate will be one half of the initial financial reduction.

Planning Cycle. The success of the Planning Cycle depends on the timely performance of each party. To ensure delays do not have a material adverse effect on Hospital Services or LHIN MOHLTC operations, the following provisions apply: (i) If the LHIN MOHLTC fails to meet an obligation or due date in Schedule A, the LHIN MOHLTC may do one or all of the following: (a) adjust funding for Fiscal Year 2009/10 to offset a material adverse effect on Hospital Services resulting from the delay; and/or (b) work with the Hospital in developing a plan to offset any material adverse effect on Hospital Services resulting from the delay, including providing LHIN MOHLTC approvals for any necessary changes in Hospital Services. (ii) At the discretion of the LHINMOHLTC, the Hospital may be subject to a financial reduction if the Hospital’s: (a) HAPS is received by the LHIN after the due date in Schedule A without prior LHIN approval of such delay; (b) HAPS is incomplete; (c) quarterly performance reports are not provided when due; or (db) financial and/or clinical data requirements are late, incomplete or inaccurate. If assessed, the financial reduction will be as follows: (i) if received within seven Days after the due date, incomplete or inaccurate, the financial penalty will be the greater of: (i) a reduction of 0.03% of the Hospital’s Base Funding; or (ii) $2,000; and (ii) for every full or partial week of non-compliance thereafter, the rate will be one half of the initial financial reduction.