Year End Settlement Sample Clauses

Year End Settlement. A. At the conclusion of each year of the term of this Agreement, a year-end settlement and reconciliation will take place as follows:
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Year End Settlement. Year-end settlement shall be based upon the rates of compensation set forth herein as well as the final cost report submitted pursuant to the terms and conditions of this Agreement. If it is determined that the cost incurred by CONTRACTOR is less than the actual payment made by COUNTY, CONTRACTOR shall reimburse COUNTY for the overpayment as set forth herein.
Year End Settlement. Within sixty (60) days of completion by the Member of its audited year-end financial statements, if the Member determines that the aggregate reimbursement of Administrative Services Costs paid by Company for the previous year either overstates or understates the proper amount as determined by the year-end audit, the Member shall invoice, refund or credit, as the case may be, Company for the amount of such variance.
Year End Settlement. The Exhibits to Attachment A of the Initial Agreement (e.g., Exhibits 4 and 5) shall continue to apply.
Year End Settlement. 6.2.1. CCO will undertake a settlement process following the end of the Fiscal Year to determine whether: (i) all Performance Requirements have been successfully performed; and (ii) Actual Volumes met the Target Volumes.
Year End Settlement. At the end of each fiscal year, the Lead Agency shall submit a financial review with the actual System Operational Costs from the previous fiscal year to the Governance Committee. The findings of the financial review shall be reported in writing to the Partner Agencies on the system. Thereafter, to the extent there have been contributions made by the Partner Agencies which exceed the actual System Operations Costs, the number of said excess contributions shall be deposited into the Reserve Fund (see 5.5), unless the Governance Committee deems otherwise. In the event of a shortfall, each Partner Agency shall be billed its pro-rata share of the shortfall, which shall be paid in the first quarter payment for the next fiscal year following the fiscal year of the shortfall.
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