Common use of De Minimus Exception Clause in Contracts

De Minimus Exception. Employer agrees that a medical service line (other than those listed in items 1 through 5 above), practice management service or other business entered into by Employer shall not be considered to be a part of Employer’s Business if such medical service line, practice management service or other business constitutes less than Fifteen Million Dollars ($15,000,000) of Employer’s annual revenues.

Appears in 7 contracts

Samples: Employment Agreement, Employment Agreement (Mednax, Inc.), Employment Agreement (Mednax, Inc.)

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De Minimus Exception. Employer agrees that a medical service line (other than those listed in items 1 through 5 9 above), practice management service or other business entered into by in which Employer is engaged shall not be considered to be a part of Employer’s Business if such medical service line, practice management service or other business constitutes less than Fifteen Million Dollars ($15,000,000) of Employer’s annual revenues.

Appears in 3 contracts

Samples: Employment Agreement (Mednax, Inc.), Employment Agreement (Mednax, Inc.), Employment Agreement (Mednax, Inc.)

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