Common use of Administrative Errors Clause in Contracts

Administrative Errors. The Fee Reduction calculation for any Fee Obligation Period will be adjusted for the following conditions: 1. Program calculates and/or distributes an incorrect fee reduction resulting in an overstated credit for a xxxxxxx 2. Program calculates and/or distributes an incorrect fee reduction resulting in an understated credit for a xxxxxxx • Report Deadline = October 31, 2019 • SSA Calculation Date = January 15, 2020 • SSA Fees Payable = $100 • Fee Reduction Calculation Date = January 15, 2020 • Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculation Date SSA Fees Payable Eligible for Fee Reduction Correction? Fee Reduction Amount 1 • Original SSA on time • Administrative error – fee reduction overstated Oct 31, 2019 Jan 15, 2020 Original: $100 Correction: $80 Yes $100 x 98% = $98 -$20 x 98%= -$19.60 2 • Original SSA on time • Administrative error – fee reduction understated Oct 31, 2019 Jan 15, 2020 Original: $100 Correction: $120 Yes $100 x 98% = $98 $20 x 98%= $19.60

Administrative Errors. The Fee Reduction calculation for any Fee Obligation Period will be adjusted for the following conditions: 1. Program calculates and/or distributes an incorrect fee reduction resulting in an overstated credit for a xxxxxxx 2. Program calculates and/or distributes an incorrect fee reduction resulting in an understated credit for a xxxxxxx •  Report Deadline = October 31, 2019 •  SSA Calculation Date = January 15, 2020 •  SSA Fees Payable = $100 •  Fee Reduction Calculation Date = January 15, 2020 •  Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculation Date SSA Fees Payable Eligible for Fee Reduction Correction? Fee Reduction Amount 1 •  Original SSA on time •  Administrative error – fee reduction overstated Oct 31, 2019 Jan 15, 2020 Original: $100 Correction: $80 Yes $100 x 98% = $98 -$20 x 98%= -$19.60 2 •  Original SSA on time •  Administrative error – fee reduction understated Oct 31, 2019 Jan 15, 2020 Original: $100 Correction: $120 Yes $100 x 98% = $98 $20 x 98%= $19.60

Administrative Errors. The Fee Reduction calculation for any Fee Obligation Period will be adjusted for the following conditions: 1. Program calculates and/or distributes an incorrect fee reduction resulting in an overstated credit for a xxxxxxx 2. Program calculates and/or distributes an incorrect fee reduction resulting in an understated credit for a xxxxxxx • Report Deadline = October 31, 2019 • SSA Calculation Date = January 15, 2020 • SSA Fees Payable = $100 • Fee Reduction Calculation Date = January 15, 2020 • Fee Reduction Rate = 98% Item Scenario Actual Report Submission Date Actual SSA Calculation Calculatio n Date SSA Fees Payable Eligible for Fee Reduction Correction? Fee Reduction Amount 1 • Original SSA on time • Administrative error – fee reduction overstated Oct 31, 2019 Jan 15, 2020 Original: $100 Correction: $80 Yes $100 x 98% = $98 -$20 x 98%= -$19.60 2 • Original SSA on time • Administrative error – fee reduction understated Oct 31, 2019 Jan 15, 2020 Original: $100 Correction: $120 Yes $100 x 98% = $98 $20 x 98%= $19.60