THE SHOP PROGRAM Clause Samples
The "Shop Program" clause establishes the procedures and terms under which a party, typically a seller or licensor, is permitted to solicit or entertain offers from third parties for a particular asset, product, or service. In practice, this clause may outline the timeframe during which the seller can seek better offers, the obligations to notify the original counterparty of any competing proposals, and any rights of first refusal or matching rights that may apply. Its core function is to provide flexibility for the seller to maximize value or secure the best terms, while also setting clear boundaries to protect the interests of the original negotiating party.
THE SHOP PROGRAM. The SHOP Program is a mechanism in which HEALTH PLAN and other health care service plans and insurance carriers simultaneously offer Qualified Health Plans (QHP) to Small Group Employers.
THE SHOP PROGRAM. The SHOP Program is a mechanism in which Oscar Health Plan of California and other health care service plans and insurance carriers simultaneously offer Qualified Health Plans (QHP) to Small Group Employers.
THE SHOP PROGRAM. The SHOP Program is a mechanism in which HEALTH PLAN and other health care service plans and insurance carriers simultaneously offer Qualified Health Plans (QHP) to Small Group Employers. B Contribution and Participation Requirements HEALTH PLAN and GROUP understand and agree to the following contribution and participation requirements for the provision of services pursuant to the Agreement.
1. For medical coverage, GROUP must contribute a minimum of the equivalent of fifty percent (50%) of the Premium cost of the Employee-only rate in the reference plan selected by the Employer.
2. For medical coverage, GROUP must have a minimum of seventy percent (70%) of Eligible Employees enroll in a QHP through the SHOP. If the Group pays 100 percent of its Qualified Employees' QHP premiums, then all Eligible Employees must enroll in health insurance coverage through the SHOP. For purposes of participation, Eligible Employees do not include an employee who is enrolled in coverage through another employer, an employee’s union, Medicaid, Medicare, or any other federal or state health coverage programs –other than coverage through a QHP sold in the Individual Exchange at the time GROUP initially contracts with HEALTH PLAN
3. If GROUP does not meet such minimum contribution and minimum participation requirements, GROUP may only enroll with HEALTHPLAN through SHOP from November 15th through December 15th of each year.