Benefit Schedule Change Sample Clauses

Benefit Schedule Change. Premium Rate Adjustments‌ Changes in federal and state law may require changes to the benefit schedule during the Contract term. FHKC shall notify Insurer of the required change in writing. Insurer may submit a premium rate adjustment request to accommodate the change within thirty (30) Calendar Days of receipt of notice. The premium rate adjustment request must comply with section 2.8.1 (A)-(F). If the benefit schedule change results in a reduction in coverage or increases Enrollee cost sharing, FHKC may require that Insurer reduce its premium rate by an amount actuarially equivalent to the benefit reduction.
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Related to Benefit Schedule Change

  • Termination for Changes in Budget or Law The JBE’s payment obligations under this Agreement are subject to annual appropriation and the availability of funds. Expected or actual funding may be withdrawn, reduced, or limited prior to the expiration or other termination of this Agreement. Funding beyond the current appropriation year is conditioned upon appropriation of sufficient funds to support the activities described in this Agreement. The JBE may terminate this Agreement or limit Contractor’s Services (and reduce proportionately Contractor’s fees) upon Notice to Contractor without prejudice to any right or remedy of the JBE if: (i) expected or actual funding to compensate Contractor is withdrawn, reduced or limited; or (ii) the JBE determines that Contractor’s performance under this Agreement has become infeasible due to changes in applicable laws.

  • Change in Fiscal Year Such Obligor will not, and will not permit any of its Subsidiaries to, change the last day of its fiscal year from that in effect on the date hereof, except to change the fiscal year of a Subsidiary acquired in connection with an Acquisition to conform its fiscal year to that of Borrower.

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