Common use of Year End Settlement Clause in Contracts

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. Within sixty (60) days of completion by the Member Service Provider of its audited year-end financial statements, if the Member Service Provider determines that the aggregate reimbursement of Administrative Services Costs Service Fees paid by Company Service Recipient for the previous year either overstates or understates the proper amount as determined by the year-end audit, the Member Service Provider shall invoice, refund invoice or credit, as the case may be, Company Service Recipient for the amount of such variance.

Year End Settlement. Within sixty (60) days of completion by the Member Service Provider of its audited year-end financial statements, if the Member Service Provider determines that the aggregate reimbursement of Administrative Services Costs Fee paid by Company Service Recipient for the previous year either overstates or understates the proper amount as determined by the year-end audit, the Member Service Provider shall invoice, refund or credit, as the case may be, Company Service Recipient for the amount of such variance.