Common use of Compensation and Financial Arrangements with Third Parties Clause in Contracts

Compensation and Financial Arrangements with Third Parties. The Plan Sponsor acknowledges that the fees charged to the Plan Sponsor under this Agreement are calculated on the basis that the Company may receive compensation from third parties with which the Company has agreements or other arrangements. For example, the Company maintains agreements with providers such as, but not limited to, hospitals, physician groups, individual physicians, labs, and clinics; and with vendors that assist the Company with certain services, such as, but not limited to, pharmacy benefit management, disease management, claims negotiation and claims audit vendors. Some of the Company's agreements with providers and vendors provide compensation to the Company through discounts, rebates, allowances, rate differentials, commissions, administrative fees, distribution or marketing fees, incentives, adjustments, settlements, minimum guaranteed payments, or other financial arrangements. Such compensation is for the sole benefit of the Company. The Company may retain such compensation, regardless of the form or manner in which it is received, to defray expenses of the Company and provide for a profit.

Appears in 2 contracts

Samples: Administrative Services Agreement, Administrative Services Agreement

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Compensation and Financial Arrangements with Third Parties. The Plan Sponsor acknowledges that the fees charged to the Plan Sponsor under this Agreement are calculated on the basis that the Company may receive compensation from third parties with which the Company Agreements or has agreements or other arrangements. For example, the Company maintains agreements Agreements with providers such as, but not limited to, hospitals, physician groups, individual physicians, labs, and clinics; and with vendors that assist the Company with certain services, such as, but not limited to, pharmacy benefit management, disease management, claims negotiation and claims audit vendors. Some of the Company's agreements ’s Agreements with providers and vendors provide compensation to the Company through in the form of discounts, rebates, allowances, rate differentials, commissions, administrative fees, distribution or marketing fees, incentives, adjustments, settlements, minimum guaranteed payments, or other financial arrangements. Such compensation is for the sole benefit of the Company. The Company may retain such compensation, regardless of the form or manner in which it is received, to defray expenses of the Company and to provide for a profit.

Appears in 1 contract

Samples: Administrative Services Agreement

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Compensation and Financial Arrangements with Third Parties. The Plan Sponsor acknowledges that the fees charged to the Plan Sponsor under this Agreement are calculated on the basis that the Company may receive compensation from third parties with which the Company Agreements or has agreements or other arrangements. For example, the Company maintains agreements Agreements with providers such as, but not limited to, hospitals, physician groups, individual physicians, labs, and clinics; and with vendors that assist the Company with certain services, such as, but not limited to, pharmacy benefit management, disease management, claims negotiation and claims audit vendors. Some of the Company's agreements ’s Agreements with providers and vendors provide compensation to the Company through in the form of discounts, rebates, allowances, rate differentials, commissions, administrative fees, distribution or marketing fees, incentives, adjustments, settlements, minimum guaranteed payments, or other financial arrangements. Such compensation is for the sole benefit of the Company. The Company may retain such compensation, regardless of the form or manner in which it is received, to defray expenses of the Company and provide for a profit. Rebates received under pharmacy benefit management arrangements are credited to the Plan and included in the net administrative fee that is charged the Plan.

Appears in 1 contract

Samples: Stop Loss Application; Policy; And

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