Group Payment definition

Group Payment. Group will provide to Benecard each month a self-reported enrollment based on the 15th day of the current month, applicable for the following months invoiced amount and based on the Program Charges and census tiers outlined in Article III, section B. Any enrollment changes that are not captured after the 15th of each month will be accounted for in the following month’s self reported enrollment and program charges due. Cardholders enrolled between the 1st and 15th of the month are charged the full monthly Program Charge. Cardholders enrolled between the 16th and end of the month are not charged until the start of the following month. Group will promptly notify Benecard in accordance with Article II.F. hereof of all deletions from and additions to eligibility. Benecard does not collect Program Charges, directly or indirectly, from Cardholders, COBRA participants or third party administrators. Payment by ACH debit/via wire transfer is due from Group onthe first day of the month to provide for prompt payment of Participating Providers and Cardholders. Payments unpaid after the end of the grace period, which is the 30-day period after the payment due date,are subject to late payment interest charge. The percentage interest charge will be one and one-half percent per month, but not more than allowed by law. For as long as Benecard continues to provide services under this Agreement, Group shall be responsible for paying all Program Charges through the end of such period and the remainder of the Agreement. If Group fails to make full and complete paymentwithin the grace period, Benecard may in its discretion, upon written notice to Group, suspend performanceunder this Agreement, including, but not limited to the processing and payment of Claims as of the end of
View Source

Examples of Group Payment in a sentence

  • A copy of the ▇▇▇▇▇▇ Management Group Payment Policy is included with and becomes a part of this Agreement.

  • If it shall be determined, in accordance with this paragraph, that any members of the ABN AMRO Group have made a Qualifying Group Payment then the parties shall forthwith procure that the relevant companies shall return to each other the amount of the relevant Qualifying Group Payment.

  • The Purchaser undertakes, subject to the occurrence of the Closing, vis-à-vis the Sellers to make the Elster Group Payment on behalf of Nachtwache GmbH, The Sellers will inform the Purchaser on the amount of the Elster Group Payment at least five Business Days prior to the Closing Date.

  • Unless specifically agreed herein, the Purchaser shall not be entitled to exercise a right of set-off (Aufrechnung) or retention (Zurückbehaltung) against the Sellers’ claims for payment of the Purchase Price, any interest thereon or payment of the Elster Group Payment, all unless the counterclaim or right of the Purchaser is undisputed or non-appealable.

  • After one hundred and eighty (180) days of the mailing of the Individual Settlement Payment checks and the PAGA Group Payment checks, funds attributable to unclaimed, undeliverable, or expired checks (“Unclaimed Settlement Payments”) shall expire.

  • Enhancement Award: $60,000 ($15,000 each) Requested Class Counsel Fees: $1,833,333.33 Requested Class Counsel Costs: $140,000.00 PAGA Payment to LWDA: $187,500.00 PAGA Group Payment: $62,500.00 This is a non-reversionary Settlement in which Defendants will pay the entire Total Settlement Amount.

  • On each Payment Date (as hereinafter defined) during the Term, the Management Company will distribute to the Medical Group an amount equal to the gross amount of Collections received during the previous calendar month, less the amount of the Management Fee payable for such month (the "Medical Group Payment").

  • Those workweeks will be divided by the total number of workweeks for all members of the PAGA Group, then multiplied by the total PAGA Group Payment to determine allocations to individual members of the PAGA Group.

  • You agree that some Services or the Group Payment Service may carry inherent risk, and by participating in such services, you choose to assume those risks voluntarily.

  • The Settlement Administrator shall determine a Class Member’s eligibility for, and the amounts of, any Individual Settlement Payment or PAGA Group Payment under the terms of this Agreement.