Examples of Management Vendors in a sentence
You shall notify Us in writing at least thirty-one days before the effective date of any change to the Plan, TPA, Provider Network(s), or Medical Management Vendor(s): Our prior written agreement is required before the coverage under this Policy will apply based on any such changes.
Earn Out Mechanism Overview As downside protection for the Company, the Consideration payable to each of the Management Vendors is subject to a downward-only adjustment mechanism (the “Earn Out Mechanism”) if the Net Profits fall below a certain benchmarked level as set out below.
Within three (3) months after the end of an earn out year, based on the audited financial statement, the Company shall prepare a net profit statement which shall set forth the Net Profit of the Target Group for that relevant earn out year which shall be final, binding and conclusive on the Company and the Management Vendors.
The Company and each of the Vendors shall use its reasonable efforts to ensure and procure the satisfaction of the conditions as disclosed in paragraph (a), (b) and (m) above, and the Management Vendors shall use their reasonable efforts to ensure and procure the satisfaction of the condition as disclosed in paragraph (k) above as soon as possible after the August 13, 2018 but in any event no later than the Long Stop Date.
For the YearEnding December 31,2018For the YearEnding December 31,2019For the YearEnding December 31,2020 Total Reference Net Profit Reference Net Profitbenchmark RMB500,000,000 RMB700,000,000 RMB900,000,000 RMB2,100,000,000 The Reference Net Profits was arrived at after arm’s length negotiation between the Company and the Management Vendors with reference to the business prospects and business development of the Target Group.