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2020-241A
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2020-241A
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Last modified
3/5/2021 2:03:08 PM
Creation date
12/7/2020 1:21:53 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Addendum
Approved Date
11/17/2020
Control Number
2020-241A
Agenda Item Number
8.H.
Entity Name
RxBenefits, Inc. f/k/a Prescription Benefits, Inc.
Subject
Addendum to administrative services agreement (originals w/ Suzanne Boyll)
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2.2 ESI's Rieht of Equitable Adjustment. If Client makes material changes to its Formulary or benefit <br />design that negatively impact ESI's ability to control inflation relative to Client's Formulary drug mix, <br />then Client acknowledges that ESI or Administrator reserves the right in ESI's discretion to make an <br />equitable adjustment to the Client Inflation Payment. <br />2.3 The ESI IP Program, and the underlying economics, is separate and apart from rebates and manufacturer <br />administrative fees, and the amounts described above in this Section E will be paid to Client in addition <br />to any rebate payments to which Client is entitled pursuant to the terms of this Agreement. Client will <br />not be entitled to receive any amounts related to drug price inflation or a related guarantee other than as <br />set forth above in this Section E of this Exhibit A (Client Application). <br />2.4 No payments will be made to Client unless Client has executed this Agreement. <br />F. EXECUTION BY CLIENT <br />Client hereby represents and warrants that the information contained in Section A of this Client Application <br />is true and correct in all respects and Client hereby agrees to the specific terms, conditions and financial <br />arrangements set out in Sections B, C, D and E of this Client Application. Client agrees that if any information in <br />Section A changes, Client will give Administrator prompt notice of such changes. Furthermore, Client understands <br />that this Client Application(Exhibit A is a part of the Administrative Services Agreement between Client and <br />Administrator to which it is attached and incorporated into by reference and that Client is bound by all terms and <br />conditions of such Administrative Services Agreement. <br />All capitalized terms used in this Client Application but not specifically defined herein shall have the <br />meanings given to such terms in the Administrative Services Agreement to which this Client Application is attached <br />and made a part of. <br />
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