Underpayment definition

Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members according to the laws and rules applicable to the Medicaid program and to which the provider is entitled.

Underpayment shall have the meaning set forth in Section 5(b).

Underpayment means any cash or leave (balance, usage or accruals) that has been underpaid or undercredited to an employee regardless of the reason, including but not limited to, administrative, clerical or system errors.

Examples of Underpayment in a sentence

• As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Company should have been made ("Underpayment"), consistent with the calculations required to be made hereunder.

• In the event that the Company exhausts its remedies pursuant to Section 9(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive.

• In the event the Company exhausts its remedies pursuant to Section 8(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive.

• In either such event, the Accounting Firm shall determine the amount of the Underpayment or Overpayment that has occurred.

• In the event that the Company exhausts its remedies pursuant to Section 8(c) and the Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive.

More Definitions of Underpayment

Underpayment has the meaning assigned thereto in Section 9 hereof.

Underpayment has the meaning assigned to that term in Section 11.

Underpayment has the meaning set forth in Section 7(B).

Underpayment. ’ means any payment or nonpayment by a lessee or its designee that is less than the amount legally required to be paid on an obligation; and

Underpayment means a payment made by a Borrower in an amount less than the Monthly Payment then due on the Loan being a sum not exceeding the aggregate of any previous Overpayments;

Underpayment means any Authorised Underpayment or Unauthorised Underpayment;

Underpayment means a payment made by the department for services provided which did not fully reimburse the client or provider.