Common use of Adjusted Gross Revenue Clause in Contracts

Adjusted Gross Revenue. The term "Adjusted Gross Revenue" shall mean all revenues, for Professional Eye Care Services and any other revenues, calculated on an accrual basis under GAAP, generated by or on behalf of the Practice and its Professionals and Capitation Revenues during the term of this Business Management Agreement, including, without limitation, all technical fees from ancillary services, all proceeds from key person life insurance policies purchased by Business Manager in accordance with Section 3.15, all amounts paid by third parties for contractual liabilities, including payments under non-shareholder Professionals' non-competition agreements, and all medical director, consultant, teaching and expert witness fees except for those fees set forth in Exhibit 1.3 (unless the time and efforts of the individuals responsible for such excluded revenues are materially greater than the historical time or efforts expended in obtaining such revenues or if such excluded revenues historically flowed through the Practice), minus any allowances for bad debts, uncollectible accounts, Medicare, Medicaid and other payor contractual adjustments, discounts, workers' compensation adjustments, reasonable professional courtesies, and other reductions in collectible revenue that result from activities that do not result in collectible charges.

Adjusted Gross Revenue. The term "Adjusted Gross Revenue" shall ------------------------ mean all revenues, for Professional Eye Care Services and any other revenues, calculated on an accrual basis under GAAP, generated by or on behalf of the Practice and its Professionals for Xxxxxx X. Shack, O.D., P.A. and Capitation Revenues during the term of this Business Management Agreement, including, without limitation, all technical fees from ancillary services, all proceeds from key person life insurance policies purchased by Business Manager in accordance with Section 3.15, all amounts paid by third parties for contractual liabilities, including payments under non-shareholder Professionals' non-competition agreements, and all medical director, consultant, teaching and expert witness fees except for those fees set forth in Exhibit 1.3 (unless the time and efforts of the individuals responsible for such ----------- excluded revenues are materially greater than the historical time or efforts expended in obtaining such revenues or if such excluded revenues historically flowed through the Practice), minus any allowances for bad debts, uncollectible accounts, Medicare, Medicaid and other payor contractual adjustments, discounts, workers' compensation adjustments, reasonable professional courtesies, and other reductions in collectible revenue that result from activities that do not result in collectible charges.

Adjusted Gross Revenue. The term "Adjusted Gross Revenue" shall mean all revenues, for Professional Eye Care Services and any other revenues, calculated on an accrual basis under GAAP, generated by or on behalf of the Practice and its Professionals and Capitation Revenues during the term of this Business Management Agreement, including, without limitation, all technical fees from ancillary services, all proceeds from key person life insurance policies purchased by Business Manager in accordance with Section 3.15, all amounts paid by third parties for contractual liabilities, including payments under non-shareholder Professionals' non-competition agreements, and all medical director, consultant, teaching and expert witness fees except for those fees set forth in Exhibit 1.3 (unless the time and efforts of the individuals responsible for such excluded revenues are materially greater than the historical time or efforts expended in obtaining such revenues or if such excluded revenues historically flowed through the Practice), minus any allowances for bad debts, uncollectible accounts, Medicare, Medicaid and other payor contractual adjustments, discounts, workers' compensation adjustments, reasonable professional courtesies, and other reductions in collectible revenue that result from activities that do not result in collectible charges.