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.

Appears in 3 contracts

Samples: Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement

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