Common use of Audits Regarding Vendor Contracts Clause in Contracts

Audits Regarding Vendor Contracts. From Immediately after the Distribution Date through December 31, 2008, Acuity and SpinCo and their duly authorized representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the Acuity Health and Welfare Plans and the SpinCo Health and Welfare Plans. The scope of such audits shall encompass the review of all correspondence, account records, claim forms, canceled drafts (unless retained by the bank), provider bills, medical records submitted with claims, billing corrections, vendor’s internal corrections of previous errors and any other documents or instruments relating to the services performed by the vendor under the applicable vendor contracts. Acuity and SpinCo shall agree on the performance standards, audit methodology, auditing policy and quality measures and reporting requirements relating to the audits described in this Section 7.5(b) and the manner in which costs incurred in connection with such audits will be shared.

Appears in 3 contracts

Samples: Employee Benefits Agreement (Zep Inc.), Employee Benefits Agreement (Acuity SpinCo, Inc.), Employee Benefits Agreement (Zep Inc.)

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Audits Regarding Vendor Contracts. From Immediately after the Distribution Date through December 31, 20081998, Acuity PepsiCo and SpinCo TRICON and their duly authorized representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the Acuity PepsiCo Health and Welfare Plans and the SpinCo TRICON Health and Welfare Plans. The scope of such audits shall encompass the review of all correspondence, account records, claim forms, canceled drafts (unless retained by the bank), provider bills, medical records submitted with claims, billing corrections, vendor’s 's internal corrections of previous errors and any other documents or instruments relating to the services performed by the vendor under the applicable vendor contracts. Acuity PepsiCo and SpinCo TRICON shall agree on the performance standards, audit methodology, auditing policy and quality measures and reporting requirements relating to the audits described in this Section 7.5(b) 9.6 and the manner in which costs incurred in connection with such audits will be shared.

Appears in 2 contracts

Samples: Employee Programs Agreement (Tricon Global Restaurants Inc), Employee Programs Agreement (Tricon Global Restaurants Inc)

Audits Regarding Vendor Contracts. From Immediately after the Distribution Date through December 31, 20082002, Acuity Equifax and SpinCo PSI and their duly authorized representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the Acuity Equifax Health and Welfare Plans and the SpinCo PSI Health and Welfare Plans. The scope of such audits shall encompass the review of all correspondence, account records, claim forms, canceled drafts (unless retained by the bank), provider bills, medical records submitted with claims, billing corrections, vendor’s 's internal corrections of previous errors and any other documents or instruments relating to the services performed by the vendor under the applicable vendor contracts. Acuity Equifax and SpinCo PSI shall agree on the performance standards, audit methodology, auditing policy and quality measures and reporting requirements relating to the audits described in this Section 7.5(b7.06(c) and the manner in which costs incurred in connection with such audits will be shared.

Appears in 1 contract

Samples: Employee Benefits Agreement (Equifax Ps Inc)

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Audits Regarding Vendor Contracts. From Immediately after the Distribution Date through December 31, 20082002, Acuity Equifax and SpinCo Certegy and their duly authorized representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the Acuity Equifax Health and Welfare Plans and the SpinCo Certegy Health and Welfare Plans. The scope of such audits shall encompass the review of all correspondence, account records, claim forms, canceled drafts (unless retained by the bank), provider bills, medical records submitted with claims, billing corrections, vendor’s 's internal corrections of previous errors and any other documents or instruments relating to the services performed by the vendor under the applicable vendor contracts. Acuity Equifax and SpinCo Certegy shall agree on the performance standards, audit methodology, auditing policy and quality measures and reporting requirements relating to the audits described in this Section 7.5(b7.06(c) and the manner in which costs incurred in connection with such audits will be shared.

Appears in 1 contract

Samples: Employee Benefits Agreement (Certegy Inc)

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