Person with an Ownership or Control Interest definition

Person with an Ownership or Control Interest means a person or corporation that:

Person with an Ownership or Control Interest means a person or corporation that (1) has an ownership interest totaling five percent (5%) or more of the vendor’s organization; (2) has an indirect ownership interest equal to five percent (5%) or more of the vendor’s organization; (3) has a combination of direct and indirect ownership interests equal to five percent (5%) or more in the vendor’s organization; (4) owns an interest of five percent (5%) or more in any mortgage, deed of trust, note, or other obligation secured in whole or in part by the vendor’s organization or by its property or assets, if that interest is equal to or exceeds five percent (5%) of the total property and assets of the vendor’s organization; (5) is an officer or director of the vendor’s organization (if it is organized as a corporation); or (6) is a partner in the vendor’s organization (if it is organized as a partnership).

Person with an Ownership or Control Interest means a person or corporation that: A) has an ownership interest, directly or indirectly, totaling 5% or more in the Provider; B) has a combination of direct and indirect ownership interests equal to 5% or more in the Provider; C) owns an interest of 5% or more in any mortgage, deed of trust, note, or other obligation secured by the Provider, if that interest equals at least 5% of the value of the property or assets of the Provider; or D) is an officer or director of the Provider (if organized as a corporation) or is a partner in the Provider (if organized as a partnership).

Examples of Person with an Ownership or Control Interest in a sentence

• Using the Department-specified disclosure form, and in accordance with 42 CFR § 455.104, the Contractor, if organized as a corporation, shall provide disclosures for each Person with an Ownership or Control Interest in the Contractor.

• The required information includes: The name, address, date of birth, social security number (in the case of an individual) and tax identification number (in the case of a corporation) of each Person, with an Ownership or Control Interest in the MCO or in any subcontractor in which the MCO has direct or indirect ownership of five percent (5%) or more.

• Conversely, if B owns 80 percent of the stock of a corporation that owns five percent of the stock of the disclosing entity, B's interest equates to a four-percent indirect ownership interest in the disclosing entity and need not be reported.(2) Person with an Ownership or Control Interest.

• The required information includes: (a) the name, address, date of birth, social security number (in case of an individual), and tax identification number (in the case of a corporation) of each Person with an Ownership or Control Interest in the Delegated Entity or in any subcontractor in which there is direct or indirect ownership of 5% or more.

• If DSHS determines that a Person with an Ownership or Control Interest is on a Medicaid exclusion list based on information produced by such checks and screenings, or other sources of such information, DSHS reserves the right in its sole discretion to immediately terminate this Contract or exercise its other remedies.

More Definitions of Person with an Ownership or Control Interest

Person with an Ownership or Control Interest means a person or corporation that: (a) Has an ownership interest totaling 5 percent or more in a disclosing entity; (b) Has an indirect ownership interest equal to 5 percent or more in a disclosing entity; (c) Has a combination of direct and indirect ownership interests equal to 5 percent or more in a disclosing entity; (d) Owns an interest of 5 percent or more in any mortgage, deed of trust, note, or other obligation secured by the disclosing entity if that interest equals at least 5 percent of the value of the property or assets of the disclosing entity; (e) Is an officer or director of a disclosing entity that is organized as a corporation; or

Person with an Ownership or Control Interest. A person or corporation that: owns, directly or indirectly five percent (5%) or more of the insurer's capital or stock or receives five percent (5%) or more of its profits; has an interest in any mortgage, deed of trust, note, or other obligations secured in whole or in part by the insurer or by its property or assets, and that interest is equal to or exceeds five percent (5%) of the total property and assets of the insurer; or is an officer or director of the INSURER.

Person with an Ownership or Control Interest means a person or corporation that meets any of the following:

Person with an Ownership or Control Interest means a person or corporation that: (A) Has an ownership interest totaling 5 percent or more in an applicant or vendor entity;

Person with an Ownership or Control Interest means a person or corporation that (1) has an ownership interest totaling five percent (5%) or more of the offeror’s organization; (2) has an indirect ownership interest equal to five percent (5%) or more of the offeror’s organization; (3) has a combination of direct and indirect ownership interests equal to five percent (5%) or more in the offeror’s organization; (4) owns an interest of five percent (5%) or more in any mortgage, deed of trust, note, or other obligation secured in whole or in part by the offeror’s organization or by its property or assets, if that interest is equal to or exceeds five percent (5%) of the total property and assets of the offeror’s organization; (5) is an officer or director of the offeror’s organization (if it is organized as a corporation); or (6) is a partner in the offeror’s organization (if it is organized as a partnership).

Person with an Ownership or Control Interest means a person that:

Person with an Ownership or Control Interest. A person or corporation that: owns, directly or indirectly five percent (5%) or more of the MBHO's capital or stock or receives five percent (5%) or more of its profits; has an interest in any mortgage, deed of trust, note, or other obligations secured in whole or in part by the MBHO or by its property or assets, and that interest is equal to or exceeds five percent (5%) of the total property and assets of the MBHO; or is an officer or director of the MBHO. PHARMACY BENEFITS MANAGER (PBM): Private entity contracted by insurance carriers and/or by the ADMINISTRATION under the Health Reform Program to function as their, pharmaceutical benefit manager responsible for claims processing, drug utilization review, disease management, formulary control and beneficiaries-customer information services for the pharmaceutical benefits provided by the basic, special and mental coverage of the Health Reform Program.