Common use of Budget Deficit Reconciliation Clause in Contracts

Budget Deficit Reconciliation. In the event of a Budget Deficit, Medical Group shall not be responsible for making any payments under the PacifiCare POS Control Program. However, *** of the Budget Deficit amount shall be considered a Medical Group obligation for purposes of offsetting surpluses under other incentive programs under the Agreement.

Appears in 5 contracts

Samples: Medical Group Services Agreement (Prospect Medical Holdings Inc), Medical Group/Ipa Services Agreement (Prospect Medical Holdings Inc), Medical Group Services Agreement (Prospect Medical Holdings Inc)

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Budget Deficit Reconciliation. In the event of a Budget Deficit, Medical Group shall not be responsible for making any payments under the PacifiCare POS Control Program. However, *** fifty percent (50%) of the Budget Deficit amount shall be considered a Medical Group obligation for purposes of offsetting surpluses under other incentive programs under the Agreement.

Appears in 3 contracts

Samples: Medical Group/Ipa Services Agreement (Prospect Medical Holdings Inc), Pacificare Medical Group/Ipa Services Agreement (Prospect Medical Holdings Inc), Professional Capitation Medical Group/Ipa Services Agreement (Prospect Medical Holdings Inc)

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Budget Deficit Reconciliation. In the event of a Budget Deficit, neither Medical Group nor Hospital shall not be responsible for making any payments under the PacifiCare POS Control Program. However, *** fifty percent (50%) of the Budget Deficit amount shall be considered a Medical Group obligation for purposes of offsetting surpluses under other incentive programs under the Agreement.

Appears in 1 contract

Samples: Medical Group/Ipa Services Agreement (Prospect Medical Holdings Inc)

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