Common use of Modification of Financial Terms Clause in Contracts

Modification of Financial Terms. The financial terms of this Agreement may be changed by BCBSRI on each renewal date, with prior written notice. In addition, BCBSRI may change the financial terms of this Agreement at any time during the term of the Agreement if the number of Covered Individuals varies by +/- 10% or if there is a change in applicable law enacted after the Effective Date that would change the way that BCBSRI must provide services and force it to incur unforeseen expenses. The changes shall be communicated to the Employer in writing, and shall be effective as of the date set forth in the communication to the Employer or, if no date is explicitly provided, the effective date of the change.

Appears in 4 contracts

Samples: Ancillary Administrative Services Contract, Ancillary Administrative Services Contract, Ancillary Administrative Services Contract

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