Common use of Consideration of Physician Clause in Contracts

Consideration of Physician. Physician acknowledges and agrees that s/he will receive the benefits of practicing medicine in an academic setting, which will include community good will from the association with University. During the course of employment, Physician will treat patients secured by University effort, referrals and investment. In addition, Physician will be given access by University to information unique to University including, but not limited to, trade secrets; inventions; copyrights; patents; proprietary information not otherwise accessible to the general medical population; products; prices; costs; discounts; matters dealing with confidential business affairs; specialized training; knowledge of confidential, administrative decisions and practices; operating policies; confidential strategic planning; and the expenditure of public funds on his/her behalf. In addition, Physician may receive a multi-year contract, thus ensuring stability of employment for Physician for a period of time with University. In exchange for receiving these aforementioned benefits from University, Physician agrees to enter into a Covenant Not to Compete with University, as outlined in Section 8.5 herein below. Now therefore, for and in consideration of the mutual covenants and conditions set forth below, Physician and University covenant and agree as follows:

Consideration of Physician. Physician acknowledges and agrees that s/he will receive the benefits of practicing medicine in an academic setting, which will include community good will from the association with University. During the course of employment, Physician will treat patients secured by University effort, referrals and investment. In addition, Physician will be given access by University to information unique to University including, but not limited to, trade secrets; inventions; copyrights; patents; proprietary information not otherwise accessible to the general medical population; products; prices; costs; discounts; matters dealing with confidential business affairs; specialized training; knowledge of confidential, administrative decisions and practices; operating policies; confidential strategic planning; and the expenditure of public funds on his/her behalf. In addition, Physician may receive a multi-year contract, thus ensuring stability of employment for Physician for a period of time with University. In exchange for receiving these aforementioned benefits from University, Physician agrees to enter into a Covenant Not to Compete with University, as outlined in Section 8.5 herein belowhereinbelow. Now therefore, for and in consideration of the mutual covenants and conditions set forth below, Physician and University covenant and agree as follows:

Consideration of Physician. Physician acknowledges and agrees that s/he will receive the benefits of practicing medicine in an academic setting, which will include community good will from the association with University. During the course of employment, Physician will treat patients secured by University effort, referrals and investment. In addition, Physician will be given access by University to information unique to University including, but not limited to, trade secrets; inventions; copyrights; patents; proprietary information not otherwise accessible to the general medical population; products; prices; costs; discounts; matters dealing with confidential business affairs; specialized training; knowledge of confidential, administrative decisions and practices; operating policies; confidential strategic planning; and the expenditure of public funds on his/her behalf. In addition, Physician may receive a multi-year contract, thus ensuring stability of employment for Physician for a period of time with University. In exchange for receiving these aforementioned benefits from University, Physician agrees to enter into a the Covenant Not to Compete with University, as outlined in Section 8.5 herein below. Now therefore, for and in consideration of the mutual covenants and conditions set forth below, Physician and University covenant and agree as follows:in this Article VIII.