Review of Discount Arrangements Sample Clauses

Review of Discount Arrangements. For the first Reporting Period, the IRO shall randomly select and review a sample of the greater of 10% or five (5) Discount Arrangements entered into or renewed by Essilor during the Reporting Period. For the second and each subsequent Reporting Period, prior to the end of the Reporting Period Essilor shall provide the OIG with the following information: (a) a description of each type of Discount Arrangement that was in place during the Reporting Period, and (b) the number of each type of Discount Arrangement that was in place during the Reporting Period. The OIG may, in its discretion, select up to ten (10) Discount Arrangements to be reviewed by the IRO for the applicable Reporting Period. If the OIG does not select the Discount Arrangements to be reviewed, then the Discount Arrangements to be reviewed may be randomly selected by the IRO. For each Discount Arrangement reviewed, the IRO shall verify the following:‌ a. that the Discount Arrangement is being tracked in a centralized tracking system and that the names and positions of the Covered Person(s) involved in the negotiation, review, and approval of the Discount Arrangement are documented in the tracking system;‌ b. that the Discount Arrangement has been subject to a legal review by counsel with expertise in the Anti-Kickback Statute;‌ c. that Essilor is tracking all remuneration to and from the other party to each Discount Arrangement;‌ d. that the parties are complying with the financial terms of the Discount Arrangement and that the Discount Arrangement is commercially reasonable;‌ e. that the business need or business rationale for the Discount Arrangement has been specified and appropriately documented;‌ f. that the discounts, rebates, or other reductions in price under each Discount Arrangement were determined and approved in accordance with a centrally managed, pre-set rate structure established by Essilor;‌‌‌ g. that a written agreement is in place for each Discount Arrangement which describes the discounts, rebates, or other reductions in price offered to the ECP or ECI; and‌ h. that the Discount Arrangement was subject to an internal review and approval process (including both a legal and business review) and obtained the necessary approvals and that such review and approval is appropriately documented.‌
Sample 1
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Related to Review of Discount Arrangements

  • PAYMENT ARRANGEMENTS 4.1 Within 30 calendar days following the signature of the agreement by both parties, and no later than the start date of the mobility period or upon receipt of confirmation of arrival, a pre-financing payment shall be made to the participant representing [between 50% and 100%] of the amount specified in Article 3 [NA may add: per semester]. In case the participant did not provide the supporting documents in time, according to the sending institution's timeline, a later payment of the pre-financing can be exceptionally accepted. 4.2 If the payment under article 4.1 is lower than 100% of the financial support, the submission of the on-line EU survey shall be considered as the participant's request for payment of the balance of the financial support. The institution shall have 45 calendar days to make the balance payment or to issue a recovery order in case a reimbursement is due.

  • Volume and Additional Discounts In addition to the Part 1 Minimum Percentage Discount proposed herein, does Vendor ever expect and intend to offer additional, greater, or volume discounts to TIPS Members? If proposing on Part 1, point(s) may be assigned for your response in the Part 1 category of "Pricing" during scoring and evaluation. If you are not proposing on Part 1, you must respond to proceed but no points will be assigned for your response. Yes

  • Funding Arrangements Minimum amounts/increments for Japan Local Currency Borrowings, repayments and prepayments: Same as Credit Agreement.

  • FIRM DISCOUNT AND PRICING STRUCTURE Contractor guarantees that prices quoted are equal to or less than prices quoted to any other local, State or Federal government entity for services of equal or lesser scope. Contractor agrees that no price increases shall be passed along to the County during the term of this Contract not otherwise specified and provided for within this Contract.

  • Distribution Arrangements Subject to compliance with the 1940 Act, the Trustees may retain underwriters and/or placement agents to sell Trust Shares. The Trustees may in their discretion from time to time enter into one or more contracts, providing for the sale of the Shares of the Trust, whereby the Trust may either agree to sell such Shares to the other party to the contract or appoint such other party its sales agent for such Shares. In either case, the contract shall be on such terms and conditions as the Trustees may in their discretion determine not inconsistent with the provisions of this Article IV or the By-Laws; and such contract may also provide for the repurchase or sale of Shares of the Trust by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with persons who are not registered securities dealers to further the purposes of the distribution or repurchase of the Shares of the Trust.

  • Management Arrangements 9.1. The Management Arrangements set out the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Statement of Requirements, the Service Levels, the Award Procedures and the terms of this Framework Agreement. 9.2. The Authority may by notice to the Contractor suspend the Contractor’s appointment to provide Services to Framework Public Bodies for a notified period of time: 9.2.1. if the Authority becomes entitled to terminate this Framework Agreement under clause 42 (Termination Rights) or 43 (Termination on Insolvency or Change of Control); or 9.2.2. in any other circumstance provided for in the Management Arrangements. 9.3. Suspension under clause 9.2 shall terminate upon cessation of all of any circumstances referred to in subclauses 9.2.1 and 9.2.2. 9.4. The Contractor must continue to perform existing Call-off Contracts during any period of suspension under clause 9.2.

  • PROMPT PAYMENT DISCOUNTS If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the prompt payment discount offer applies.

  • PAYMENT TERMS/DISCOUNTS The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment shall not be considered in determining the lowest net cost for bid evaluation purposes.

  • Volume Discounts Contractor may offer volume discounts. Volume discounts may be applied per order. Volume discounts shall be defined and applied as follows: Volume discounts shall be additional discounts applied to individual orders over a specified dollar amount.

  • Additional Discounts? Do you offer additional discounts to TIPS members for large order quantities or large scope of work? Yes Years in business as proposing company? Does the vendor have resellers that it will name under this contract? Resellers are defined as other companies that sell your products under an agreement with you, the awarded vendor of TIPS. EXAMPLE: BIGmart is a reseller of ACME brand televisions. If ACME were a TIPS awarded vendor, then ACME would list BIGmart as a reseller. (If applicable, Vendor should add all Authorized Resellers within the TIPS Vendor Portal upon award). No

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