Examples of Manufacturer Administrative Fees in a sentence
As of the Effective Date, Prime has disclosed to Claim Administrator that the maximum that Prime will receive from any Manufacturer for Manufacturer Administrative Fees is five and one-half percent (5.5%) of the wholesale acquisition cost (“WAC”) for all products of such Manufacturer dispensed during any given calendar year to members of Claim Administrator, as applicable; provided, however, Claim Administrator will advise Employer if such maximum has changed.
Accordingly, Company retains all right, title and interest to any and all Rebates, Manufacturer Administrative Fees, and Value-Based Payments with respect to utilization of drugs under the Plan, as well as other remuneration received from manufacturers.
In addition, Prime has advised Claim Administrator that Prime receives Manufacturer Administrative Fees for bona fide administrative services provided to the Manufacturer.
Accordingly, Prime (or Claim Administrator, as applicable) retains all right, title and interest to any and all actual Rebates, payments, discounts, or other allowances and/or Manufacturer Administrative Fees received from manufacturers.
Prime or Claim Administrator contracts with Manufacturers directly or indirectly, for Rebates and Manufacturer Administrative Fees on its own behalf (or Claim Administrator's behalf, as applicable) and for its own benefit (or Claim Administrator's benefit, as applicable), and not on behalf of Employer.
Employer shall have no right, title or interest in Manufacturer Administrative Fees.
For example, Company may contract with pharmaceutical manufacturers for Rebates, Manufacturer Administrative Fees, and Value-Based Payments relating to utilization of drugs under benefit plans that Company administers and for other remuneration (e.g. data fees) on its own behalf and for its own benefit, and not on behalf of Client or the Plan.
Accordingly, ESI retains all right, title and interest to any and all actual Rebates and Manufacturer Administrative Fees received from manufacturers.
ESI will pay SCPS amounts equal to the Rebate and Manufacturer Administrative Fees amounts allocated to SCPS, as specified above, from ESI’s general assets (neither SCPS, its Members, nor SCPS’s plan retains any beneficial or proprietary interest in ESI’s general assets).
ESI shall also pay SCPS the percentage amount set forth in Section 1.A.(i) above for residual Rebates and Manufacturer Administrative Fees collected by ESI, if any, related to such calendar quarter, which are collected by ESI in subsequent quarters.