Rebate Audits Sample Clauses
The Rebate Audits clause establishes the right for one party, typically the buyer, to review and verify the accuracy of rebate calculations and payments made by the seller. In practice, this clause allows the buyer to access relevant sales records, invoices, and supporting documentation to ensure that rebates have been properly calculated and paid according to the terms of the agreement. By providing a mechanism for independent verification, the clause helps prevent errors or intentional miscalculations, ensuring transparency and fairness in rebate transactions.
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Rebate Audits. Aon ▇▇▇▇▇▇ and Sponsor, through a mutually agreeable independent third party in accordance with Exhibit C, reserve the right to conduct an annual Rebate audit for the prior two (2) contract years. Such audit shall be limited to a review of up to ten (10) pharmaceutical company contracts directly related to Sponsor’s Rebates as selected by Aon ▇▇▇▇▇▇ or Sponsor or the third party auditor. Such review of pharmaceutical company contracts may include formulary and Rebate provisions and shall be limited to information necessary for validating the accuracy of the Rebate amounts remitted to Sponsor by ESI.
Rebate Audits. Client, through an independent third-party auditor shall be entitled to perform a review of up to ten (10) pharmaceutical company contracts directly related to Client’s Rebates or the number of pharmaceutical company contracts that account for at least 75% of the Client’s total Rebate revenue generated per year, whichever is less. PBM will share such contracts with Client’s third-party auditor during an onsite audit. Client’s auditor shall not be permitted to retain or copy (including through handwritten notes, etc.) any pharmaceutical company contracts or related documentation provided by PBM during such audit. However, Client’s auditor shall be permitted to document, and retain as necessary, any identified errors. Such documentation made by auditor shall be subject to PBM’s review. Such review of pharmaceutical company contracts may include formulary and Rebate provisions to the extent permitted by such contracts and shall be limited to information necessary for validating the accuracy of the Rebate amounts remitted to Client by PBM.
Rebate Audits. Employer may, to the extent specified below, in accordance with the following requirements, and at no additional charge while this Agreement is in effect, audit CHLIC's Rebate payments subject to the following conditions: (a) Employer shall designate with CHLIC's consent, such consent not to be unreasonably withheld, an independent, third party auditor to conduct the audit (the "Auditor").
Rebate Audits. (a) Participating Group, through a mutually agreeable independent third-party retained by Participating Group, may conduct an annual Rebate audit for the prior Contract Year. Such audit shall be limited to a review of up to pharmaceutical company contracts directly related to Participating Group’s Rebates, as selected by Participating Group. Such review of pharmaceutical company contracts may include formulary and Rebate provisions to the extent permitted by such contracts and shall be limited to information necessary for validating the accuracy of the Rebate amounts distributed to Participating Group by Caremark. The scope of the Rebate audit shall be in accordance with the procedures set forth in Exhibit C of this Agreement.
(b) Any mutually agreed upon third-party auditor engaged by Participating Group shall execute Caremark’s form confidentiality agreement prior to conducting a Rebate audit ensuring that all information gathered during such audit and all details and terms of any pharmaceutical company contract reviewed will be treated as confidential and will not be revealed in any manner or form by or to any third-party, including Participating Group.