CONSIDERATION FOR ADMINISTRATIVE SERVICES. Apart from the performance by the Company of its obligations under the Coinsurance Agreement, there shall be no fee or other consideration due to the Administrator for performance of the Administrative Services under this Agreement.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. Section 9.1
CONSIDERATION FOR ADMINISTRATIVE SERVICES. As reimbursement for expenses incurred by the Administrator in the providing the Administrative Services with respect to the Insurance Contracts, the Company shall pay to the Administrator with respect to each calendar month ending after the Effective Date, an expense allowance (the “Expense Allowance”). The Expense Allowance shall be: (i) the actual incurred cost of providing the Administrative Services based on the allocated portion of compensation and benefits of the associates providing such services calculated annually in advance (and pro rated) in accordance with Schedule C (the “Service Costs”); (ii) a proportionate share of overhead related to such Administrative Services (the “Overhead Expenses”); and (iii) all third party expenses incurred in connection with the provision of such Administrative Services, including without limitation all categories of services contracted with third parties as of the Effective Date, such as legal and claim investigation, but excluding services for which Service Costs and Overhead Expenses are charged (the “Direct Expenses”). Such Expense Allowance shall be determined as set forth in Schedule C. The procedures for the billing and payment of the Expense Allowance are set forth in Schedule C. Additionally, the Administrator shall be reimbursed for any unforeseen costs arising from a change in Applicable Law, with the parties mutually agreeing to the payment of such costs in advance of their being incurred by the Administrator. The Administrator shall also be reimbursed for any incurred Direct Expenses for any category of services not contracted with third parties as of the Effective Date but contracted for thereafter, provided that the Company consents to the Administrator entering into third party contracts for such category of services.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. Except as set forth herein, apart from the performance by the Company of its obligations under the Reinsurance Agreement, there shall be no fee or other consideration due to the Administrator for the performance of the Administrative Services and the Administrator’s other obligations under this Agreement. Except as otherwise expressly provided herein all services provided hereunder will be at the sole expense of the Administrator with no contribution from the Company.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. Except as set forth herein, with respect to the LBL Contracts, apart from the performance by the Company of its obligations under the Reinsurance Agreement, there shall be no fee or other consideration due to the Administrator for the performance of the Administrative Services and the Administrator’s other obligations under this Agreement. With respect to the Vermont Captive Contracts, the Administrator shall be entitled to collect and retain all claims expense, expense allowance or similar amounts due to the Company under the terms of the Vermont Captive Reinsurance Agreement, and the Company hereby sells, assigns, transfers and delivers to the Administrator all of its rights, title and interest in one hundred percent of such amounts actually received or receivable at or after the Inception Date by the Company or the Administrator. With respect to the performance by the Administrator of the services in respect of the Shared Separate Account, the Company shall pay to the Administrator the Monthly Separate Account Administrative Fee set forth in Schedule A.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. In consideration of the services that HPS shall perform pursuant to Article I of this Agreement, TMG shall pay to HPS the following amounts in the following manner:
1. Seven Hundred Fifty Thousand Dollars ($750,000) by cashier's check or wire transfer of immediately available funds to an account designated by HPS on or before January 31, 1997;
2. Thirteen and one-half percent (13-1/2%) of TMG's share of gross earned premium (which shall also include any administration fees) due on or after the Effective Date on any Administered Business that does not constitute Fully Ceded Business (as defined in the next sentence) that TMG actually receives (regardless of when TMG receives such amount); provided, however, that TMG shall be obligated to pay to HPS only ten percent (10%) of TMG's share of such gross earned premium under any business that is written in respect of the Cleveland Clinic Florida Health Plan. The term "Fully Ceded Business" shall mean Ceded Business (as defined in the Treaty) excluding the Florida Ceded Business (also as defined in the Treaty) if CGLIC's liability for the Florida Ceded Business is calculated pursuant to Article II(A) of Exhibit B to the Treaty as of the Effective Date.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. Apart from the performance by the Company of its obligations under the Lincoln Reinsurance Agreement, there shall be no fee or other consideration due to the Administrator for performance of the Lincoln Services and its other obligations under this Agreement.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. Apart from the performance by the Company of its obligations under the Stock Purchase Agreement and the LPT and Quota Share Reinsurance Agreement, there shall be no fee or other consideration due to the Administrator for performance of the Administrative Services under this Agreement; provided, however, that any expenses paid in advance by the Company prior to the date of Closing relating to the Company’s business and the Administrative Services to be provided to the Company hereunder shall be assigned by the Company to the Administrator with the effect that the Administrator shall benefit from the Company’s pre-payment of such expenses.
CONSIDERATION FOR ADMINISTRATIVE SERVICES. Except as set forth herein, with respect to the LBL Contracts, apart from the performance by the Company of its obligations under the Reinsurance Agreement, there shall be no fee or other consideration due to the Administrator for the performance of the Administrative Services and the Administrator’s other obligations under this Agreement. With respect to the Vermont Captive Contracts, the Administrator shall be entitled to collect and retain all claims expense, expense allowance or similar amounts due to the Company under the terms of the Vermont Captive Reinsurance Agreement, and the Company hereby sells, assigns, transfers and delivers to the Administrator all of its rights, title and interest in one hundred percent of such amounts actually received or receivable at or after the Inception Date by the Company or the Administrator.
CONSIDERATION FOR ADMINISTRATIVE SERVICES
