Determining What Employer Owes Sample Clauses
The "Determining What Employer Owes" clause defines the process for calculating the amount an employer must pay to an employee, contractor, or other party under the terms of an agreement. This clause typically outlines the specific components included in the owed amount, such as salary, bonuses, accrued benefits, or reimbursements, and may specify the timing and method of payment. By clearly establishing how financial obligations are determined, this clause helps prevent disputes and ensures both parties understand their rights and responsibilities regarding compensation.
Determining What Employer Owes. A Claim settlement shall be determined for each Claim Settlement Period indicated in the Fee Schedule specifications of the most current ASO BPA. The Claim settlement shall reflect the sum of the following:
a. Claim Payments paid by Claim Administrator in the particular Claim Settlement Period.
b. Claim Payments paid by Claim Administrator in prior Claim Settlement Periods that have not been included in a prior Claim settlement.
c. The Administrative Charges and credits, Surcharges, and other applicable service charges as indicated in the Fee Schedule specifications of the most current ASO BPA of the Agreement and any applicable Supplemental Charge(s).
Determining What Employer Owes. A Claim settlement shall be determined for each Claim settlement period indicated in the Fee Schedule specifications of the most current ASO BPA. The Claim settlement shall reflect the sum of the following:
a. All Net Claim Payments calculated on the basis of Claim Payments paid by Claim Administrator in the particular Claim settlement period.
b. All Net Claim Payments calculated on the basis of Claim Payments paid by Claim Administrator in prior Claim settlement periods that have not been included in a prior Claim settlement.
c. The Administrative Charges and credits, Surcharges, and other applicable service charges as indicated in the Fee Schedule specifications of the most current ASO BPA of the Agreement and any applicable Supplemental Charge(s).