Taxable Income Report for PARTICIPANT Incentive Payments Sample Clauses

Taxable Income Report for PARTICIPANT Incentive Payments. Description The CONTRACTOR reports, as directed by the DEPARTMENT, all incentive payments or other items of monetary value that do not qualify as an IRS Section 213 (d) medical expense that were issued to ACTIVE EMPLOYEES and their DEPENDENTS for DEPARTMENT distribution to EMPLOYER payroll centers for tax reporting purposes. (See Section 220L, 6.) Frequency At least semi-annually, as directed by the DEPARTMENT Penalty One thousand ($1,000) dollars per DAY for which the standard is not met 320 Quarterly Deliverables‌ As required by the CONTRACT, the CONTRACTOR must provide QUARTERLY deliverables as specified in the sections below. The total penalties assessed in Section 310, Section 315, and Section 320 (and Section 330 for the MEDICARE ADVANTAGE CONTRACTOR) shall not exceed three percent (3%) of the CONTRACTOR’S total medical premium in any given quarter. CONTRACTOR performance will be measured by the DEPARTMENT on a QUARTERLY basis. The DEPARTMENT reserves the right to waive a penalty in certain circumstances when the DEPARTMENT determines it is warranted. 320A Quarterly Reporting Requirements‌ Instructions on submitting reports and specific due dates will be provided by the DEPARTMENT annually.
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Taxable Income Report for PARTICIPANT Incentive Payments. Description Frequency Penalty
Sample 1

Related to Taxable Income Report for PARTICIPANT Incentive Payments

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