Amount of Management Fee. Medical Practice and Practice Manager mutually recognize and acknowledge that Practice Manager will incur substantial costs and risks in providing the management administration, and other items and services that are the subject matter of this Agreement. It is the intent of the parties that the fees paid to Practice Manager approximate its costs and expenses plus a rate of return reflective of the magnitude of the investment and high risk taken by Practice Manager and the value of the services provided by Practice Manager. In consideration of the services to be famished by Physician Shareholders, Medical Practice shall retain 1% of the Gross Patient Revenues collected from radiation oncology services and pay a Management Fee equal to the balance of Gross Collections (as defined in Subsection 7.2 herein) collected based on services and goods provided during the Term or any Renewal Term including Gross Collections collected following the Term or any Renewal Term hereof that are based on such services and goods, after the payment of all reasonable Practice and Practice Manager expenses.
Amount of Management Fee. Physician agrees to pay a management Fee of 50% of collection to Manager to cover Manager's Expense. The Management Fee is not intended and shall not be interpreted or applied as permitting Manager to share in Physician's fees for 8 Healthcare Services or any other services, but is acknowledged as the parties' negotiated agreement as to the reasonable fair market value of the items and services furnished by Manager pursuant to this Agreement, considering the nature of the services required by Physician and the risks assumed by Manager. This also covers medical practice and health insurance of physician and his family.
Amount of Management Fee. DOCTOR and COMPANY mutually recognize and acknowledge that COMPANY will incur substantial costs in arranging for DOCTOR's use of the Locations and in providing the equipment, support services, personnel, marketing, office space, management, administration, and other items and services that are subject matter of this Agreement. DOCTOR and COMPANY further recognize that certain of such costs and expenses can vary to a considerable degree, according to the extent of DOCTOR's business and services. Furthermore, DOCTOR and COMPANY agree that it will be impracticable to ascertain and segregate all of the exact costs and expenses that will be incurred by COMPANY from time to time in performance of his obligations under this Agreement. However, it is the intent of the parties that the fees paid to COMPANY be reasonable and approximate its costs and expenses, plus a reasonable return, considering the investment and risk taken by COMPANY and the value of the services provided by COMPANY. DOCTOR agrees to pay a Management Fee to COMPANY in an amount equal to Sixty Five Percent (65%) of annual collected revenue. Annual revenue is hereinafter defined as the twelve month period commencing with the effective date of this agreement. For purposes hereof, "Revenues Collected" shall be defined as an amount equal to the total of any moneys received from patients, and/or third-party payors and deposited in the DOCTOR's account, less any refunds, during any given twelve month or agreement anniversary date. Either party, not more than Twelve times in any twelve month period, upon giving notice to the other party hereto shall have the right to inspect the records of DOCTOR to ascertain and audit Revenues Collected, DOCTOR's Expenses, and COMPANY's Expenses, subject to patient confidentiality laws. If the audit or examination discloses that the Management Fee was incor rectly computed or any expense improperly classified, the parties shall within twenty (20) days 13 of such determination reconcile the difference by a cash payment to the applicable party. In all events, a reconciliation of the preceding year shall occur following the preparation of annual financial statements.
Amount of Management Fee. Medical Practice and Manager mutually recognize and acknowledge that Manager will incur substantial costs and risks in providing the management administration, and other items and services that are the subject matter of this Agreement. It is the intent of the parties that the fees paid to Manager approximate its costs and expenses plus a rate of return reflective of the magnitude of the investment and high risk taken by Manager and the value of the services provided by Manager. In consideration of the services to be famished by Physician Shareholders, Medical Practice shall retain 1% of the Gross Patient Revenues collected from radiation oncology services and pay a Management Fee equal to the balance of Gross Collections (as defined in Subsection 7.2 herein) collected based on services and goods provided during the Term or any Renewal Term including Gross Collections collected following the Term or any Renewal Term hereof that are based on such services and goods, after the payment of all reasonable Practice and Manager expenses.
Amount of Management Fee. Vista agrees to pay a management Fee of 28% of collection to Manager to cover Manager's Expense. The Management Fee is not intended and shall not be interpreted or applied as permitting Manager to share in Vista's fees for Healthcare Services or any other services, but is acknowledged as the parties' negotiated agreement as to the reasonable fair market value of the items and services furnished by Manager pursuant to this Agreement, considering the nature of the services required by Vista and the risks assumed by Manager.
Amount of Management Fee. APLLC shall pay Riverside a fee (the “Management Fee”) for all Management Services provided, payable as set forth herein. The Management Fee shall be an annual amount of $150,000 until APHLLC distributes the Senior Preferred and Senior Preferred Return to Applied Precision, Inc. (“API”), and shall be an annual amount of $250,000 thereafter (in each case prorated for any partial year) until the earliest to occur of (i) a Sale of the Company, or (ii) the consummation of a Public Offering of the equity interests of APLLC, APHLLC or any successor entity thereto.
Amount of Management Fee. DOCTOR and COMPANY mutually recognize and acknowledge that COMPANY will incur substantial costs in arranging for DOCTOR's use of the Locations and in providing the equipment, support services, personnel, marketing, office space, management, administration, and other items and services that are subject matter of this Agreement. DOCTOR and COMPANY further recognize that certain of such costs and expenses can vary to a considerable degree, according to the extent of DOCTOR's business and services. Furthermore, DOCTOR and
Amount of Management Fee. COMPANY agrees to pay a Management Fee to CONSULTANT in an amount equal to forty (40%) percent of the aggregate net operating profit for each clinic opened, if any. Net operating profit shall be the net revenue received by CONSULTANT less expenses within the operating budget for each clinic approved by COMPANY and CONSULTANT. The aggregate total operating profit (or loss) of all of the clinics shall be calculated for each month, and the Management Fee shall be calculated based on that number Either party, not more than four times in any twelve month period, upon giving notice to the other party hereto, shall have the right to inspect the records of CONSULTANT to ascertain and audit Revenues Collected, COMPANY’S Expenses, and CONSULTANT’s Expenses, subject to patient confidentiality laws. If the audit or examination discloses that the Management Fee was incorrectly computed or any expense improperly classified, the parties shall within twenty (20) days of such determination reconcile the difference by a cash payment to the applicable party. In all events, a reconciliation of the preceding year shall occur following the preparation of annual financial statements.
Amount of Management Fee. All sums other than "daily rate per ------------------------ working man-day" due to be paid by CSC to Contractor pursuant to the CSC Contract will be paid over to Third Parties for services and/or materials in or about the construction of the Systems. To the extent that such payments exceed the amounts due Third Parties upon completion of the CSC Contract such excess shall be paid to Manager as a management fee, provided all advances made by Contractor pursuant to paragraph 4.2 of this Agreement have been repaid and Contractor has been reimbursed for any draw against the $600,000.00 performance bond. In the event such payments are equal to or less than the sums due Third Parties upon completion of the CSC Contract, then Manager will receive no management fee. The sums due to be paid are more specifically described in the CSC Contract and at paragraph 2.3 of this Agreement.
Amount of Management Fee. KCI agrees to pay RCG a fixed annual fee of $250,000 for services furnished under this Agreement. KCI shall also reimburse RCG for Direct Expenses incurred by RCG in providing services under this Agreement. The term "Direct Expenses" shall mean: (1) payroll expenses associated with the technical health care, management
