Common use of Financial Settlement upon Termination Clause in Contracts

Financial Settlement upon Termination. ‌ 1. If this Agreement is terminated by either party, except as otherwise provided in this section, CMS shall conduct settlement for the entire Performance Year in which the Agreement is terminated in accordance with Section XIV.C of this Agreement. 2. If this Agreement is terminated by CMS under Section XIX.B, CMS shall not make any payments of Shared Savings to the ACO, and the ACO shall remain liable for any Shared Losses, for the Performance Year in which termination becomes effective. 3. If the ACO voluntarily terminates this Agreement pursuant to Section XIX.C prior to the end of the Performance Year by providing notice to CMS on or before February 28 of the Performance Year, with an effective date no later than 30 days after the date of that notice, the ACO shall neither be eligible to receive Shared Savings nor liable for Shared Losses for the Performance Year. If the ACO voluntarily terminates this Agreement pursuant to Section XIX.C prior to the end of the Performance Year with an effective date greater than 30 days after February 28 but prior to the end of the Performance Year, the ACO shall not be eligible to receive Shared Savings but shall remain liable for Shared Losses for the Performance Year. 4. Upon termination or expiration of this Agreement, the ACO shall immediately pay all Other Monies Owed to CMS and shall remain liable for any amounts included in a settlement report issued for the Performance Year in accordance with Section XIV.C.5.

Financial Settlement upon Termination. ‌ 1. If this Agreement is terminated by either party, except as otherwise provided in this section, CMS shall conduct settlement for the entire Performance Year in which the Agreement is terminated in accordance with Section XIV.C XIV.C.1 of this Agreement. 2. If this Agreement is terminated by CMS under Section XIX.B, CMS shall not make any payments of Shared Savings to the ACO, and the ACO shall remain liable for any Shared Losses, for the Performance Year in which termination becomes effective. 3. If the ACO voluntarily terminates this Agreement pursuant to Section XIX.C prior to the end of the a Performance Year by providing notice to CMS on or before February 28 of the that Performance Year, with an effective date no later than 30 days after the date of that notice, the ACO shall neither be eligible to receive Shared Savings nor liable for Shared Losses for the such Performance Year. If the ACO voluntarily terminates this Agreement pursuant to Section XIX.C prior to the end of the a Performance Year with an effective date greater than 30 days after February 28 but prior to the end of the that Performance Year, the ACO shall not be eligible to receive Shared Savings but shall remain liable for Shared Losses for the such Performance Year. 4. Upon termination or expiration of this Agreement, the ACO shall immediately pay all Other Monies Owed to CMS and shall remain liable for any amounts included in a settlement report issued for the any Performance Year in accordance with Section XIV.C.5.

Financial Settlement upon Termination. ‌ 1. If this Agreement is terminated by either party, except as otherwise provided in this section, CMS shall conduct settlement for the entire Performance Year in which the Agreement is terminated in accordance with Section XIV.C of this Agreement. 2. If this Agreement is terminated by CMS under Section XIX.B, CMS shall not make any payments of Shared Savings to the ACO, and the ACO shall remain liable for any Shared Losses, for the Performance Year in which termination becomes effective. 3. If the ACO voluntarily terminates this Agreement pursuant to Section XIX.C prior to the end of the a Performance Year by providing notice to CMS on or before February 28 of the that Performance Year, with an effective date no later than 30 days after the date of that notice, the ACO shall neither be eligible to receive Shared Savings nor liable for Shared Losses for the such Performance Year. If the ACO voluntarily terminates this Agreement pursuant to Section XIX.C prior to the end of the a Performance Year with an effective date greater than 30 days after February 28 but prior to the end of the that Performance Year, the ACO shall not be eligible to receive Shared Savings but shall remain liable for Shared Losses for the such Performance Year. 4. Upon termination or expiration of this Agreement, the ACO shall immediately pay all Other Monies Owed to CMS and shall remain liable for any amounts included in a settlement report issued for the any Performance Year in accordance with Section XIV.C.5.