Conditional Payments definition
Examples of Conditional Payments in a sentence
The Executive acknowledges and agrees that it is the Executive’s responsibility pursuant to this Release, and not the responsibility of Releasees, to reimburse Medicare for any Conditional Payments made by Medicare on behalf of the Executive as of the date of this Agreement or in the future.
To the extent the Trust is required to pay the Manager any Incentive Fees pursuant to the terms of the Management Agreement at any time subsequent to February 1, 2013, the Trust shall also pay the Manager and the Underwriters all or part of any outstanding Manager Offering Payments and Conditional Payments, respectively, in an amount equal to $10 in Manager Offering Payments for every $100 in Incentive Fees and $20 in Conditional Payments for every $100 in Incentive Fees.
Changes in assignments after notification shall not be made arbitrarily or capriciously.
If at any time during the pendency of any such arbitration the Company fails to pay and provide all Conditional Payments to the Executive in a timely manner, the Company will be deemed to have automatically waived whatever rights it then may have had to terminate the Executive’s employment for Cause and the Company’s notice of termination will be deemed to be automatically rescinded.
Purchaser agrees that the Purchase Price hereunder will be increased pro rata in the event the purchase price payable to such seller (other than the Conditional Payments) is increased.
Notwithstanding anything to the contrary contained in this Section 5(b), if, pursuant to an arbitration under Section 10(d), an arbitration panel determines that Executive was not entitled to all or any portion of the Conditional Payments, then Executive shall promptly reimburse such Conditional Payments to the Company within thirty (30) days after the date upon which such arbitration panel renders its award.
If you believe you have received Medicare Conditional Payments for any medical care you received in connection with being displaced from your job due to a turnaround in 2012, 2013, and/or 2014 and therefore cannot sign this form as written, please contact Class Counsel immediately for more information about how to receive an Individual Monetary Award.
Medicare may also assert a recovery claim, if appropriate, based on Conditional Payments made by Medicare within the meaning of 42 U.S.C. § 1395y(b)(2).
Defendants shall use such information solely for purposes of determining whether Medicare has made any Conditional Payments on behalf of a particular Participating Class Member, and for no other purpose.
Once this settlement is finalized Plaintiff’s counsel will deliver to attorneys for Defendants a Final Determination letter (FD) issued by CMS/MSPRC regarding satisfaction of all Conditional Payments within five (5) days of FD being issued.