Common use of PAYMENTS TO Clause in Contracts

PAYMENTS TO. Physician Assistant under this Program a) At the end of each contract year, PMTC shall determine if Physician Assistant has met the requirements to receive payment. If PMTC verifies all requirements were met and if Physician Assistant has at least $60,000 in legitimate and documented educational debt, PMTC shall pay Physician Assistant a maximum of $60,000 according to the following schedule: i. $10,000 at the end of the first contract year; ii. $20,000 at the end of the second contract year; iii. $30,000 at the end of the third contract year; If total debt is less than $60,000 PMTC shall prorate the amount awarded to the physician assistant to provide an amount not to exceed legitimate educational debt of the physician assistant. b) Each payment shall be distributed by PMTC to the Physician Assistant by drafts made payable to the Physician Assistant at the end of each contract year with disbursements not to exceed an amount to be established annually by PMTC. Prior to any disbursement, the Commission shall certify and properly review reports submitted by the participating physician assistant detailing performance of activities in accordance with the Program.

PAYMENTS TO. Physician Assistant under this Program a) At the end of each contract year, PMTC shall determine if Physician Assistant has met the requirements to receive payment. If PMTC verifies all requirements were met and if Physician Assistant has at least $60,000 in legitimate and documented educational debt, PMTC shall pay Physician Assistant a maximum of $60,000 according to the following schedule: i. $10,000 at the end of the first contract year; ii. $20,000 at the end of the second contract year; iii. $30,000 at the end of the third contract year; If total debt is less than $60,000 PMTC shall prorate the amount awarded to the physician assistant to provide an amount not to exceed legitimate educational debt of the physician assistant. b) Each payment shall be distributed by PMTC to the Physician Assistant by drafts made payable to the Physician Assistant at the end of each contract year with disbursements not to exceed an amount to be established annually by PMTC. Prior to any disbursement, the Commission shall certify and properly review reports and documentation submitted by the participating physician assistant detailing performance of activities in accordance with the Program, including proof of full onetime application of prior year disbursement to the physician assistant’s documented medical education loans within 60 days of receipt of said funds.