Common use of Table 7 Clause in Contracts

Table 7. Example Phase I Outcome Payment Calculation for Group I, assuming N1=1000 Final Employment Outcome: 4.000 percentage points 4.000 percentage points < 5.000 percentage point threshold Threshold not met Final Recidivism Outcome: 191.215 bed days 191.215 bed days >= 36.800 bed day threshold Threshold met Final Transitional Job Outcome: 650 PFS Participants12 191.215 bed days >= 36.800 bed day threshold Threshold met Final Employment Outcome: 4.000 percentage points N/A = $0 Final Recidivism Outcome: 191.215 bed days 191.215 bed days * 1,000 * $85 = $16,253,275 Final Transitional Job Outcome: 650 PFS Participants 650 PFS Participants * $3,120 = $2,028,000 100% of Public Sector Benefits from Final Employment Outcome = $0 100% of Public Sector Benefits from Final Recidivism and Transitional Job Outcomes up to value of Phase I Drawdown Amount = $6,832,000 50% of Public Sector Benefits from Final Recidivism and Transitional Job Outcomes thereafter = $5,724,638 = 50% * ($16,253,275+ $2,028,000 - $6,832,000) (e) Release of Outcome Payment 12 Assumes that Average Hours Worked for PFS Participants that Engage in Transitional Jobs is greater than or equal to 111.

Appears in 2 contracts

Sources: Pay for Success Intermediary Agreement, Pay for Success Intermediary Agreement