Underpayment definition

Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members according to the laws and rules applicable to the Medicaid program and to which the provider is entitled.

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Underpayment means any cash or leave (balance, usage or accruals) that has been underpaid or undercredited to an employee regardless of the reason, including but not limited to, administrative, clerical or system errors.

Underpayment shall have the meaning set forth in Section 5(b).

Examples of Underpayment in a sentence

• In any case, each Reviewed Year Equity Owner shall indemnify the Company from and against any and all loss attributable to the Reviewed Year Equity Owner’s allocable share of any Imputed Underpayment, as determined by the Manager in its reasonable discretion, including any interest, penalty, other additions to tax, and all other costs and expenses (including reasonable attorney’s fees) of any kind or nature that may be sustained or suffered by the Company in connection therewith.

• Any such Underpayment shall be promptly paid by the Company to, or for the benefit of, the Executive within five business days after receipt of such determination and calculations.

• In the event that Arc exhausts its remedies and the Employee is required to make a payment of any Excise Tax, the Underpayment shall be promptly paid by Arc to or for the Employee’s benefit.

• In the event that the Company exhausts or fails to pursue its remedies pursuant to Section 5(f) and the Executive thereafter is required to make a payment of any Excise Tax, the Executive shall direct the Accounting Firm to determine the amount of the Underpayment that has occurred and to submit its determination and detailed supporting calculations to both the Company and the Executive as promptly as possible.

More Definitions of Underpayment

Underpayment has the meaning assigned thereto in Section 9 hereof.

Underpayment has the meaning assigned to that term in Section 11.

Underpayment has the meaning set forth in Section 7(B).

Underpayment. ’ means any payment or nonpayment by a lessee or its designee that is less than the amount legally required to be paid on an obligation; and

Underpayment means a payment made by a Borrower in an amount less than the Monthly Payment then due on the Loan being a sum not exceeding the aggregate of any previous Overpayments;

Underpayment means any Authorised Underpayment or Unauthorised Underpayment;

Underpayment means a payment made by the department for services provided which did not fully reimburse the client or provider.