Common use of Risk Assessment and Internal Review Process Clause in Contracts

Risk Assessment and Internal Review Process. To the extent not already accomplished, within 90 days after the Effective Date, Mylan shall develop and implement a centralized annual risk assessment and internal review process to identify and address risks associated with its Government Reimbursed Products. The risk assessment and internal review process shall require compliance, legal and department or business unit leaders, at least annually, to (1) identify and prioritize risks, (2) develop internal audit work plans related to the identified risk areas, (3) implement the internal audit work plans, (4) develop corrective action plans in response to the results of any internal audits performed, and (5) track the implementation of the corrective action plans in order to assess the effectiveness of such plans. Mylan shall maintain the risk assessment and internal review process for the duration of the CIA.

Risk Assessment and Internal Review Process. To the extent not already accomplished, within Within 90 days after the Effective Date, Mylan Envision shall develop and implement a centralized annual risk assessment and internal review process to identify and address risks associated with its Government Reimbursed ProductsArrangements (as defined in Section II.C.1 above). The risk assessment and internal review process shall should require compliance, legal and department or business unit leaders, at least annually, to to: (1) identify and prioritize risks, (2) develop internal audit work plans related to the identified risk areas, (3) implement the internal audit work plans, (4) develop corrective action plans in response to the results of any internal audits performed, and (5) track the implementation of the corrective action plans in order to assess the effectiveness of such plans. Mylan Envision shall maintain the risk assessment and internal review process for the duration term of the CIA.

Risk Assessment and Internal Review Process. To the extent not already accomplished, within ‌ Within 90 days after the Effective Date, Mylan Envision shall develop and implement a centralized annual risk assessment and internal review process to identify and address risks associated with its Government Reimbursed ProductsArrangements (as defined in Section II.C.1 above). The risk assessment and internal review process shall should require compliance, legal and department or business unit leaders, at least annually, to to: (1) identify and prioritize risks, (2) develop internal audit work plans related to the identified risk areas, (3) implement the internal audit work plans, (4) develop corrective action plans in response to the results of any internal audits performed, and (5) track the implementation of the corrective action plans in order to assess the effectiveness of such plans. Mylan Envision shall maintain the risk assessment and internal review process for the duration term of the CIA.

Risk Assessment and Internal Review Process. To the extent not already accomplished, within ‌ Within 90 days after the Effective Date, Mylan Xxxxx shall develop and implement a centralized annual risk assessment and internal review process to identify and address risks associated with its Government Reimbursed ProductsArrangements (as defined in Section II.C.1 above). The risk assessment and internal review process shall should require compliance, legal and department or business unit leaders, at least annually, to to: (1) identify and prioritize risks, (2) develop internal audit work plans related to the identified risk areas, (3) implement the internal audit work plans, (4) develop corrective action plans in response to the results of any internal audits performed, and (5) track the implementation of the corrective action plans in order to assess the effectiveness of such plans. Mylan Xxxxx shall maintain the risk assessment and internal review process for the duration term of the CIA.