Rebates for Drugs Covered under the Prescription Drug Program. In connection with Rebates earned for drugs covered under the prescription drug program, Rebate Credits are paid prospectively to Employer as a credit on the monthly billing statement and shall not continue after termination of the Prescription Drug Program or the PBM Exhibit. Additional information about rebates and Rebate Credits are included in the Agreement and the ASO BPA.
Rebates for Drugs Covered under the Prescription Drug Program i. In connection with Rebates earned for drugs covered under the prescription drug program, Rebate Credits are paid to Employer pursuant to the terms of the BPA Addendum and shall not continue after termination of the Prescription Drug Program or the PBM Exhibit. Additional information about rebates and Rebate Credits are included in the Agreement and the ASO BPA.
ii. Within two hundred ten (210) days after the end of each Guarantee Period during the initial and renewal Term, Claim Administrator will provide to Employer a report of the actual aggregate Rebates received by Claim Administrator for such Guarantee Period (“Collected Rebates”). If the Collected Rebates or, if applicable, aggregate minimum Rebate guarantees set forth in the BPA Addendum, whichever is greater, for any such Guarantee Period is greater than the total Rebate Credit for such Guarantee Period, Claim Administrator will credit the difference to Employer on the monthly billing statement (“Rebate Credit Settlement”), subject to and contingent on the Rebate terms set forth in the BPA Addendum. Notwithstanding the foregoing, in no event will there be a Rebate Credit Settlement if Employer terminates the Prescription Drug Program or the PBM Exhibit prior to the end of the Guarantee Period.
