Prohibited Compensation. The MCO shall not compensate individuals or entities that conduct utilization management or prior authorization activities in such a way as to provide incentives for the individual or entity to deny, limit, or discontinue for members services necessary to support outcomes.
Prohibited Compensation. The PO shall not compensate individuals or entities that conduct utilization management or prior authorization activities in such a way as to provide incentives for the individual or entity to deny, limit, or discontinue for members services necessary to support outcomes.
Prohibited Compensation. Contractor has not received compensation from the PUCT, or any agent, employee, or person acting on the PUCT’s behalf for participation in the preparation of this contract.
Prohibited Compensation. Regardless of any provision in this Agreement, Bank is not required to compensate Executive according to the terms of this Agreement to the extent such compensation is prohibited or limited by applicable federal or state law, including but not limited to 12 U.S.C Section 182(k) and 12 C.F.R. Part 359, or by a federal or state bank regulatory agency acting under applicable federal or state law or regulation, but shall compensate Executive according to the terms of this Agreement to the extent compensation is not so prohibited or limited.
Prohibited Compensation. 1. Compensation for a student-athlete's NIL may not be conditioned on athletic performance or participation.
2. Compensation for a student-athlete's NIL may not be conditioned on a student- athlete remaining enrolled at the University.
3. An endorsement contract without quid pro quo (e.g., compensation for work not performed) is prohibited.
Prohibited Compensation. The IHCP shall not compensate individuals or entities that conduct utilization management or prior authorization activities in such a way as to provide incentives for the individual or entity to deny, limit, or discontinue for members services necessary to support outcomes.
Prohibited Compensation. (1) Regardless of any provision in this Agreement, BMIC is not required to compensate Executive according to the terms of this Agreement if the compensation is prohibited or limited by a federal or state regulatory agency acting under applicable federal or state law or regulation, but shall compensate Executive according to the terms of this Agreement to the extent compensation is not prohibited or limited by a federal or state regulatory agency acting under applicable federal or state law or regulation.
(2) In the event that payments to Executive made pursuant to this Agreement, along those made pursuant to any other agreement or arrangement to which Executive is a party, would result in “parachute payments” (as defined in Section 4960(c)(5)(B) of the Internal Revenue Code of 1986, as amended (the “Code”), as determined by legal counsel selected by BMIC) without regard to the reduction of payments as provided under this section, such payments shall be automatically reduced, eliminated or postponed in such amounts as are required, to the extent possible, to reduce the aggregate “present value” (as defined in Section 4960(c)(5)(E) of the Code) of such payments to an amount equal to 2.99 times Executive’s “base amount” (as defined in Section 4960(c)(5)(D) of the Code), with the intent that no tax shall apply to BMIC under Section 4960 of the Code with respect to an “excess parachute payment” (as defined in Section 4960(c)(5) of the Code). If payments are to be reduced, BMIC shall reduce the payments to be made under this Agreement (that is, prior to reducing payments under any other Agreement) and shall do so by first reducing payments payable in cash and then by reducing non-cash payments.
