Vizient Contract Clause Samples

A Vizient Contract clause establishes the terms and conditions under which an organization engages with Vizient, a healthcare performance improvement company, for products, services, or group purchasing arrangements. This clause typically outlines the scope of services, pricing structures, compliance requirements, and obligations of both parties, such as data sharing or reporting. Its core practical function is to formalize the business relationship, ensuring both parties understand their rights and responsibilities, and to provide a clear framework for managing the procurement of healthcare-related goods and services.
Vizient Contract. Upon the reasonable request of Purchaser, Seller shall, and shall cause its Affiliates to, use commercially reasonable efforts to assist Purchaser in entering into a new contract with Vizient, at Purchaser’s expense. Until such time as Purchaser enters into such new contract, Seller shall, and shall cause its Affiliates, to provide services to Purchaser relating to the Vizient Contract, including, but not limited to, selling the TheraBond products set forth on Exhibit A to the Vizient Contract pursuant to its terms, the costs of which will be passed through to Purchaser (provided that Seller shall bear only their allocable cost of the Vizient Contract related to the Silverseal and Hydress products owned by Seller). Purchaser agrees and acknowledges that in order for Seller to continue to perform its obligations under the Vizient Contract and to provide services to Purchaser related to the Vizient Contract, Purchaser hereby grants a nonexclusive, irrevocable license to Seller to sell the TheraBond products set forth on Exhibit A to the Vizien Contract pursuant to its terms, the costs of which will be passed through to Purchaser (provided that Seller shall bear only their allocable cost of the Vizient Contract related to the Silverseal and Hydress products owned by Seller). Seller agrees that, from and after the Closing Date and until the termination of the Vizient Contract, pursuant to its terms, Seller will not, and will cause its Affiliates not to, terminate or take any action that would constitute a material breach or default under the Vizient Contract or any order for the TheraBond products set forth on Exhibit A to the Vizient Contract, provided, however, that Purchaser’s and Seller’s obligations under this Section 5.9 will not extend past the day in which Purchaser enters into a new agreement with Vizient. Purchaser will use its commercially reasonable efforts to enter into a new agreement with Vizient as soon as possible after the date of this Agreement.
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Related to Vizient Contract

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"): a. The Recipient will not contract with any Private Person to manage the Project or any portion thereof unless all of the following conditions are met: (A) at least 50% of the compensation of the Private Person is based on a periodic, fixed fee that contains no incentive adjustments, and no amount of compensation is based on a share of net profits; (B) the compensation is reasonable in relation to the services performed; (C) the term of the contract does not exceed five (5) years (including any renewal option periods provided for in the contract); (D) if the term of the contract exceeds three (3) years, the Recipient is able to cancel the contract without penalty or cause at the end of each three-year period of the contract; (E) any automatic increases in the periodic, fixed fee may not exceed the percentage increases determined by an external standard set forth in the contract for computing increases; and (F) any new contract with a Private Person which is subject to this subparagraph F.2. will be subject to the requirements of (A) through (F) of this subparagraph F.2.a.; and b. If the Recipient is subject to subparagraph F.2.a. above and it enters into contracts with Private Persons described in subparagraph F.2.a., and the Governing Body of the recipient numbers five (5) or more members, no more than one (1) member of the Governing Body of the Recipient may be an employee or member of the Governing Body of the Private Person. If the Governing Body of the Recipient numbers less than five (5), no member of the Governing Body of the Recipient may be an employee or member of the Governing Body of the Private Person. Similarly, if the Governing Body of the Private Person numbers five (5) or more members, no more than one (1) of those members may be an employee or member of the Governing Body of the Recipient. However, in no event may a member or employee of both the Recipient and Private Person be the Chief Executive Officer or its equivalent of the Recipient or the Private Person. Members of the Governing Body of the Recipient may not own a controlling interest in the Private Person.

  • Employment Contract The Company and Executive acknowledge that the terms of his employment are set forth in this Agreement. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement, or as may otherwise be available in accordance with the Company’s established written plans and written policies at the time of termination.

  • No Employment Contract Nothing contained in this Agreement shall confer upon the Optionee any right with respect to continuance of employment by the Company, nor limit or affect in any manner the right of the Company to terminate the employment or adjust the compensation of the Optionee.

  • Employment Contracts Each professional performer must receive from Producer the Short Film Agreement Employment Contract for execution by the end of his/her first day of work on the Short Film. Such contract must be completed in ink by Producer before delivery to the professional performer. A copy of this Short Film Agreement must be delivered to the professional performer and performer's representative not later than the first day of work. The contract must be executed in four (4) copies. One (1) fully executed original must be given to the professional performer not later than the end of his/her first day of work. One (1) original should be delivered to the performer's representative. One (1) original must be delivered to the Union. One (1) original should be retained by producer. Delivery to the Union and performer representative must be made within four (4) days of the professional performer's first day of work. Failure to timely deliver the fully executed contract to a professional performer entitles each such performer to liquidated damages in the amount of $10.00 per day until performer receives the fully executed employment contract. Failure to timely deliver the employment contracts to the Union entitles the Union to liquidated damages in the amount of $10.00 per day per contract until the Union receives each such employment contract.

  • Not Employment Contract The Employee acknowledges that this Agreement does not constitute a contract of employment, does not imply that the Company will continue his/her employment for any period of time and does not change the at-will nature of his/her employment.