Interim Checks/Corrective Action Plan Clause Samples
The Interim Checks/Corrective Action Plan clause establishes a process for monitoring ongoing performance and addressing deficiencies during the course of an agreement or project. It typically allows for periodic reviews or audits to assess compliance with agreed standards, and if issues are identified, requires the responsible party to develop and implement a corrective action plan within a specified timeframe. This clause ensures that problems are detected and resolved promptly, minimizing disruption and maintaining the quality and integrity of the work or service.
Interim Checks/Corrective Action Plan. If the state exceeds the calculated cumulative target limit for both Tests A and B combined by the percentage identified below for any of the DYs, the state shall submit a corrective action plan to CMS for approval. Year 1 Cumulative budget neutrality expenditure cap plus: 1 percent Year 2 Cumulative budget neutrality expenditure cap plus: 1 percent Year 3 Cumulative budget neutrality expenditure cap plus: 0.5 percent Year 4 Cumulative budget neutrality expenditure cap plus: 0.5 percent Year 5 Cumulative budget neutrality expenditure cap plus: 0 percent Year 6 Cumulative budget neutrality expenditure cap plus: 0 percent
Interim Checks/Corrective Action Plan. If the State exceeds the calculated cumulative target limit by the percentage identified below in table 13 for any of the DYs, the State shall submit a corrective action plan to CMS for approval. DY 7 $298,199,006 Years 6 and 7 combined budget neutrality caps plus: 0.5 percent
Interim Checks/Corrective Action Plan. If the state exceeds the calculated cumulative target limit for both Tests A and B combined by the percentage identified below for any of the DYs, the state shall submit a corrective action plan to CMS for approval. Year 1 Cumulative budget neutrality expenditure cap plus: 1 percent Year 2 Cumulative budget neutrality expenditure cap plus: 1 percent Year 3 Cumulative budget neutrality expenditure cap plus: 0.5 percent Year 4 Cumulative budget neutrality expenditure cap plus: 0.5 percent Year 5 Cumulative budget neutrality expenditure cap plus: 0 percent Year 6 Cumulative budget neutrality expenditure cap plus: 0 percent Year 7 Cumulative budget neutrality expenditure cap plus: 0 percent
Interim Checks/Corrective Action Plan. If the State exceeds the calculated cumulative target limit by the percentage identified below in table 13 for any of the DYs, the State shall submit a corrective action plan to CMS for approval. Table 13 DY Cumulative Target (Total Computable Funds) Cumulative Target Definition Percentage DY 6 $144,774,195 Year 6 budget neutrality cap plus: 1 percent DY 7 $298,199,006 Years 6 and 7 combined budget neutrality caps plus: 0.5 percent DY 8 $460,826,296 Years 6 through 8 combined budget neutrality caps plus: 0 percent DY 9 $548,625,610 Years 6 through 9 combined budget neutrality caps plus: 0 percent