Process for Considering Alternative Vendors in Special Markets Sample Clauses

Process for Considering Alternative Vendors in Special Markets a. The special procedures for alternate vendors described in this section 7 shall apply to the following markets (“Special Markets”): b. The Employer and the Company shall discuss in detail whether and upon what terms the offering of vendors other than the Company (“Alternate Vendors”) in the Special Markets would be a viable alternative to the current approach in any or all of the Special Markets, including but not limited to, the following: i. pricing, product and other competitive information; ii. the specific advantages expected to be gained from offering an Alternate Vendor; iii. the anticipated process and terms for introducing and offering an Alternate Vendor’s product, including price, contribution, product MP Services Agreement 45 and benefit plan design differences, and employee vs. Client selection process; and iv. whether some combination of different or additional Company offerings would best serve the Employer, c. Following these discussions, the Employer may offer an Alternate Vendor in a Special Market without regard to notice and cure provisions of section 5 of this Exhibit F. Any vendor changes made by the Employer pursuant to this section shall be memorialized in an amendment to this Exhibit F. Taking into account the discussions with the Employer, the Company’s existing offerings, and the size and product distribution of the existing membership in the Special Market, the Company shall elect one of the following: i. Continue to offer to the Employer an *** option at the Client level. (All co-employees of a Client would be offered ***); ii. Continue to offer to the Employer an *** option at the employee level, where Clients may elect more ***. iii. Discontinue offering any option to the Employer in the Special Market. d. If the Employer offers one or more Alternate Vendors in a Special Market, this change in product offering may result in changes in the Monthly Payable Rate, Quoted Premiums or premiums of Non-MP Policies; provided, however, that any such rate or premium change for a Special Market would not be effective before the later of (i) the date the Alternate Vendor’s coverage becomes effective and (ii) the first of the month following 30 days advance written notice of such rate or premium change by the Company to the Employer. MP Services Agreement 46 e. The Employer has determined to offer the following Alternate Vendors pursuant to this paragraph B.7.
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Related to Process for Considering Alternative Vendors in Special Markets

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