20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)
Louisiana Compensation Program for Officers and Certain Key Management Personnel with attachments
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Healthcare providers who choose to enroll in the PCF remain responsible for the first $100,000 of each claim. The PCF provides coverage for the second layer of $400,000 plus all related medical expenses. Enrollment in the PCF is required to participate in The Trust Funds.
5) Louisiana Patient Compensation Fund In Louisiana, private insurers cover the first $100,000 of a claim through a security deposit or private insurance, and the state fund covers the rest.
A prescription period serves as a legal time limit within which a patient or affected party must file a medical malpractice lawsuit. In Louisiana, generally, a lawsuit must be filed within one year of the date of the malpractice or the date the malpractice was discovered.
A patient compensation fund (PCF), as the name suggests, helps to ensure reasonable compensation for patients who have been injured due to medical negligence.
If a provider or practice renders services in a state that has a patient compensation fund (PCF), special care and consideration must be taken to ensure that coverage is adequate. Eight states have an active PCF: Indiana, Kansas, Louisiana, Nebraska, New Mexico, Pennsylvania, South Carolina and Wisconsin.
