Common use of Duty to Account Clause in Contracts

Duty to Account. (a) Except as otherwise permitted by the terms of this Agreement, Physician shall assign, account, and pay to KTPA all accounts receivable, compensation and any other form of remuneration due from or paid by any source other than KTPA attributable to (i) services he or she has rendered on behalf of KTPA under this Agreement; (ii) services he or she has rendered during the Term in violation of the terms of this Agreement including without limitation, a violation of Sections 4 and 8; or (iii) sums which come into his or her possession which are attributable to the services of other employees of KTPA, including, but not limited to, fees for medical services, teaching, lecturing, consulting, research, court testimony and publication of articles of a professional nature (the accounts receivable, compensation and other remuneration attributable to services described in (i), (ii) and (iii) are collectively the "KTPA Receivables"). Physician appoints KTPA as his or her attorney in fact to execute, deliver and/or endorse checks, applications for payments, insurance claim forms or other instruments or documents, convenient or required in the exclusive discretion of KTPA to fully collect, secure and realize all KTPA Receivables and other sums due with respect to services provided under this Agreement. This power of attorney is coupled with an interest, is irrevocable and shall survive the expiration or termination of this Agreement for a time period without limitation for all services rendered during the Term. Disability insurance benefits and medical expense reimbursements received by Physician pursuant to any formal plan of KTPA shall not be considered a KTPA Receivable for purposes of this Section. (b) All KTPA Receivables shall be the sole property of KTPA. In no event shall Physician be entitled to any portion of KTPA Receivables, or the proceeds from KTPA Receivables, during the Term or after the termination of this Agreement, whether or not KTPA Receivables may have been derived in any way from the performance of Physician pursuant to the terms of this Agreement.

Duty to Account. (a) Except as otherwise permitted by the terms of this Agreement, Physician shall assign, account, and pay to KTPA MCPA all accounts receivable, compensation and any other form of remuneration due from or paid by any source other than KTPA MCPA attributable to (i) services he or she has rendered on behalf of KTPA MCPA under this Agreement; (ii) services he or she has rendered during the Term in violation of the terms of this Agreement including without limitation, a violation of Sections 4 and 8; or (iii) sums which come into his or her possession which are attributable to the services of other employees of KTPAMCPA, including, but not limited to, fees for medical services, teaching, lecturing, consulting, research, court testimony and publication of articles of a professional nature (the accounts receivable, compensation and other remuneration attributable to services described in (i), (ii) and (iii) are collectively the "KTPA MCPA Receivables"). Physician appoints KTPA MCPA as his or her attorney in fact to execute, deliver and/or endorse checks, applications for payments, insurance claim forms or other instruments or documents, convenient or required in the exclusive discretion of KTPA MCPA to fully collect, secure and realize all KTPA MCPA Receivables and other sums due with respect to services provided under this Agreement. This power of attorney is coupled with an interest, is irrevocable and shall survive the expiration or termination of this Agreement for a time period without limitation for all services rendered during the Term. Disability insurance benefits and medical expense reimbursements received by Physician pursuant to any formal plan of KTPA MCPA shall not be considered a KTPA MCPA Receivable for purposes of this Section. (b) All KTPA MCPA Receivables shall be the sole property of KTPAMCPA. In no event shall Physician be entitled to any portion of KTPA MCPA Receivables, or the proceeds from KTPA MCPA Receivables, during the Term or after the termination of this Agreement, whether or not KTPA MCPA Receivables may have been derived in any way from the performance of Physician pursuant to the terms of this Agreement.