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.

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

• If the aggregate Actual Monthly Reimbursements payable as calculated by the Advisor for the fiscal quarter just ended exceeds the aggregate budgeted monthly reimbursements paid by the Company for the fiscal quarter (the difference being referred to as a “Reimbursement Underpayment”), then the Company shall pay the Advisor the full amount of the Reimbursement Underpayment no later than fifty-five (55) days following the end of the applicable fiscal quarter.

• The Partnership Representative shall use commercially reasonable efforts to pursue available procedures to reduce any Imputed Tax Underpayment on account of any Partner’s tax status and each Partner shall promptly comply with any reasonable request made by the Partnership Representative to accommodate such procedures.

• Underpayment is defined in I.R.C. § 6664 and the implementing regulation using the following formula: Underpayment = W - (X + Y - Z), where W = the amount of income tax imposed, X = the amount shown as the tax by the taxpayer on his return; Y = the amounts assessed before the return is filed that were not shown on the return (or collected without assessment), and Z = the amount of rebates made.

• Penalty for the Underpayment of Tax from Schedule FIT-2220 (Form page 4).......................................................46.

• Underpayment per period (Subtract line 11 from line 10.) If less than zero, enter zero .

More Definitions of Underpayment

Underpayment has the meaning assigned thereto in Section 9 hereof.

Underpayment has the meaning set forth in Section 6(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 has the meaning assigned to that term in Section 11.

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 is defined in Section 10(a).