Prohibited Compensation Clause Samples

Prohibited Compensation. The MCO shall not compensate individuals or entities that conduct utilization management or prior authorization activities in such a way as to provide incentives for the individual or entity to deny, limit, or discontinue for members services necessary to support outcomes.
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Prohibited Compensation. The PO shall not compensate individuals or entities that conduct utilization management or prior authorization activities in such a way as to provide incentives for the individual or entity to deny, limit, or discontinue for members services necessary to support outcomes.
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Prohibited Compensation. Contractor has not received compensation from the PUCT, or any agent, employee, or person acting on the PUCT’s behalf for participation in the preparation of this contract.
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Prohibited Compensation. Regardless of any provision in this Agreement, Bank is not required to compensate Executive according to the terms of this Agreement to the extent such compensation is prohibited or limited by applicable federal or state law, including but not limited to 12 U.S.C Section 182(k) and 12 C.F.R. Part 359, or by a federal or state bank regulatory agency acting under applicable federal or state law or regulation, but shall compensate Executive according to the terms of this Agreement to the extent compensation is not so prohibited or limited.
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Prohibited Compensation. The IHCP shall not compensate individuals or entities that conduct utilization management or prior authorization activities in such a way as to provide incentives for the individual or entity to deny, limit, or discontinue for members services necessary to support outcomes.
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Prohibited Compensation. 1. Compensation for a student-athlete's NIL may not be conditioned on athletic performance or participation. 2. Compensation for a student-athlete's NIL may not be conditioned on a student- athlete remaining enrolled at the University. 3. An endorsement contract without quid pro quo (e.g., compensation for work not performed) is prohibited.
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Prohibited Compensation. (1) Regardless of any provision in this Agreement, BMIC is not required to compensate Executive according to the terms of this Agreement if the compensation is prohibited or limited by a federal or state regulatory agency acting under applicable federal or state law or regulation, but shall compensate Executive according to the terms of this Agreement to the extent compensation is not prohibited or limited by a federal or state regulatory agency acting under applicable federal or state law or regulation. (2) In the event that payments to Executive made pursuant to this Agreement, along those made pursuant to any other agreement or arrangement to which Executive is a party, would result in “parachute payments” (as defined in Section 4960(c)(5)(B) of the Internal Revenue Code of 1986, as amended (the “Code”), as determined by legal counsel selected by BMIC) without regard to the reduction of payments as provided under this section, such payments shall be automatically reduced, eliminated or postponed in such amounts as are required, to the extent possible, to reduce the aggregate “present value” (as defined in Section 4960(c)(5)(E) of the Code) of such payments to an amount equal to 2.99 times Executive’s “base amount” (as defined in Section 4960(c)(5)(D) of the Code), with the intent that no tax shall apply to BMIC under Section 4960 of the Code with respect to an “excess parachute payment” (as defined in Section 4960(c)(5) of the Code). If payments are to be reduced, BMIC shall reduce the payments to be made under this Agreement (that is, prior to reducing payments under any other Agreement) and shall do so by first reducing payments payable in cash and then by reducing non-cash payments.
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Related to Prohibited Compensation

  • Unemployment Compensation The Contractor shall be solely responsible for the unemployment compensation payments on behalf of their employees and personnel. The Contractor shall not be entitled to unemployment compensation in connection with the Services performed under this Agreement.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • No Compensation Except as provided in this Section 7.4 and elsewhere in this Agreement (including the provisions of Articles V and VI hereof regarding distributions, payments and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.