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2025-126D
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2025-126D
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Last modified
9/16/2025 9:32:13 AM
Creation date
9/8/2025 1:42:16 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/03/2025
Control Number
2025-126D
Agenda Item Number
13.D.1.
Entity Name
Rightway Healthcare, Inc.
Subject
Pharmacy Benefit Management Services Agreement
Document Relationships
2025-126
(Cover Page)
Path:
\Official Documents\2020's\2025
2025-126A
(Cover Page)
Path:
\Official Documents\2020's\2025
2025-126B
(Cover Page)
Path:
\Official Documents\2020's\2025
2025-126C
(Cover Page)
Path:
\Official Documents\2020's\2025
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A TRUE COPY <br />CERTIFICATION ON LEST PAGE <br />RYAN L. BUTLER, CLLRK <br />Price would yield an annual three percent (3%) or more savings of Net Plan Costs (with Net Plan Costs <br />defined as the sum of the total ingredient cost of Covered Products, Dispensing Fees, claims administrative <br />fees, and consulting fees less Rebates received by Client) under this Agreement, and RIGHTWAY is unable <br />or unwilling to offer new terms and conditions that would result in the savings offered by the competing <br />offer, as determined by the Client or its designee, then Client may terminate this Agreement upon ninety <br />(90) days prior written notice to RIGHTWAY at no cost to Client or its Designee. <br />ARTICLE V <br />TERM AND TERMINATION <br />Section 5.01. Term of Agreement; Automatic Renewal. This Agreement is effective as of the <br />Effective Date above and will continue in full force and effect for a period of three (3) years ("Initial <br />Term"). After the Initial Term has ended, this Agreement will continue from year to year (each a "Renewal <br />Term") unless sooner terminated as described in this Article V. Collectively, the Initial Term and any <br />Renewal Terms are referred to herein as the Term. <br />Section 5.02. Notice of Non -Renewal. This Agreement will not renew for a Renewal Term if either party <br />notifies the other in writing, of its intent not to renew this Agreement no less than sixty (60) days before <br />the end of the then current Term. <br />Section 5.03. General. In addition to the termination rights otherwise specified in this Agreement, the <br />parties may also terminate this Agreement as specified in this Article V. <br />Section 5.04. [RESERVED] <br />Section 5.05. Termination for Cause. <br />(a) Either party may terminate this Agreement at any time upon written notice if. (i) the <br />other party commits a Material Breach of this Agreement, unless the Material Breach is cured within thirty <br />(30) days of notice; or (ii) a change in Law occurs, as provided in Section 7.02 (Change in Law) of this <br />Agreement. <br />(b) RIGHTWAY may terminate this Agreement upon thirty (30) days written notice to <br />Client if Client fails to timely pay amounts due pursuant to Article IV of this Agreement and in the event <br />RIGHTWAY's offset of other monies owed by RIGHTWAY to Client, including Rebates, does not fully <br />cure the Client's outstanding payment failure. <br />(c) Either party may terminate this Agreement immediately upon written notice to the other <br />party if the other party makes an assignment for the benefit of creditors, is the subject of a voluntary or <br />involuntary petition for bankruptcy or is adjudged to be insolvent or bankrupt, or a receiver or trustee is <br />appointed for any portion of its property. <br />(d) Either party may terminate this Agreement without penalty upon ninety (90) days <br />written notice to the other party should the party issuing the notice experience a change in control due to an <br />acquisition during the Term of this Agreement; <br />(e) The parties may agree in writing to terminate this Agreement. <br />Section 5.06. Termination for Convenience. After the first anniversary of the Effective Date of the <br />Agreement, either party may terminate the Agreement without cause upon ninety (90) days written notice <br />8 <br />This document is CONFIDENTIAL AND PROPRIETARY to RIGHTWAY Healthcare, Inc. and may not be reproduced, <br />transmitted, published, or disclosed to others without the prior written authorization of RIGHTWAY Healthcare, Inc. <br />
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