Common use of Amount and Method of Payment Clause in Contracts

Amount and Method of Payment. For each Fee Year, ODM shall make a payment or an adjustment to capitation to the MCP for that portion of the Annual Fee attributable to the premiums paid by ODM to the MCP (the "Ohio Medicaid-specific Premiums") for risks in the applicable Data Year under the Agreement, less any applicable exclusions and appropriate credit offsets. These payments or adjustments to be made by ODM will include the following: 1. The amount of the Annual Fee attributable to this Agreement; 2. The corporate income tax liability, if any, that the MCP incurs as a result of receiving ODM’s payment for the amount of the Annual Fee attributable to this Agreement; and 3. Any Ohio state and local Sales and Use taxes and Health Insuring Corporation taxes. Because the amount of the Annual Fee will not be determinable until after ODM makes the regular capitation payment to the MCP, ODM shall annually make this payment or adjustment to capitation separately from the regular capitation rate paid to the MCP.

Appears in 21 contracts

Samples: Provider Agreement, Provider Agreement, Provider Agreement

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