Common use of Reversion Option Clause in Contracts

Reversion Option. The NRMP gives sponsoring institutions the option to revert (donate) unfilled positions in one program ("a donor program") to another program ("a receiver program") during the matching process. If a donor program does not fill its quota, a designated number (equal to or less than the quota) of its unfilled positions will be added automatically to the quota of a receiver program. Receiver programs may be located at the same or a different institution. If the receiver is at a different institution, the donor program submits the reversion using the R3 system. The institutional officials at both institutions must approve the reversion through the R3 system. Institutions can use reversions to provide a degree of protection against the possibility that positions in prerequisite training programs for other institutional programs will go unfilled. Donor programs donate a specific number of their unfilled positions to a receiver program. The number of positions indicated may not exceed the donor program's quota. Positions will be donated only if they do not fill during the matching process. Receiver programs accept a designated number of unfilled positions from a donor program. Positions are added to the receiver program's quota only if the donor program is unable to fill its positions during the matching process.

Appears in 7 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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