Examples of Payment Quarter in a sentence
In the event that this Appendix or the Agreement terminates due to a material breach by Program Provider, then Program Provider will not be entitled to a Care Management Payment for the Payment Quarter in which the termination becomes effective.
Any termination of this Appendix pursuant to the reasons stated above will be effective on the last day of the Payment Quarter that ends at least 30 days after HEALTHPLAN provides notice to Program Provider.
In the event that this Appendix terminates on any day other than the last day of a Payment Quarter due to any reason other than material breach by Program Provider, then Program Provider will be entitled to a Care Management Payment for the Payment Quarter in which the termination becomes effective.
HEALTHPLAN or its delegate will provide to Program Provider a report of Program Customers’ utilization each Payment Quarter.
The Care Management Payment for each Payment Quarter is calculated as follows: Care Management Payment = (Care Management Payment Rate X # Program Customers) X # of Program Months For purposes of this Section, Program Months means the number of whole months in the applicable Payment Quarter during which this Appendix is in effect.