Common use of Penalties and Credits Clause in Contracts

Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. Covered California may also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement Standards”).

Appears in 7 contracts

Samples: Qualified Dental Plan Issuer Contract, Qualified Dental Plan Issuer Contract, Covered California Qualified Health Plan Issuer Contract

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Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. Covered California may also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement Standards”).

Appears in 4 contracts

Samples: Covered California for Small, Covered California for Small, Qualified Health Plan Issuer Contract

Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. Covered California may shall also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement Standards”)14.

Appears in 3 contracts

Samples: Qualified Dental Plan Issuer Contract, Qualified Health Plan Issuer Contract, Qualified Health Plan Issuer Contract

Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. Covered California shall may also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement Standards”).

Appears in 2 contracts

Samples: Qualified Dental Plan Issuer Contract, Qualified Health Plan Issuer Contract

Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. Covered California shall may also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement Standards”).

Appears in 1 contract

Samples: Qualified Health Plan Issuer Contract

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Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. . Covered California may also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. . Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement Standards”).

Appears in 1 contract

Samples: Covered California Qualified Health Plan Issuer Contract

Penalties and Credits. Covered California may impose penalties (“penalties”) in the event that Contractor fails to comply or otherwise act in accordance with the Performance Measures. Covered California shall may also administer and calculate credits (“credits”) that may offset or reduce the amount of any performance penalties, but in no event shall such credits exceed the total amount of the penalty levied. Penalties and credits will be calculated in accordance with Attachment 14 (“Performance Measurement M easurement Standards”).

Appears in 1 contract

Samples: Qualified Health Plan Issuer Contract

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