Election to Opt-In for Attending Physicians Not in the Movant’s Group Sample Clauses

Election to Opt-In for Attending Physicians Not in the Movant’s Group. All Attending Physicians that are not part of the Movants’ group (but were employed at the Hospital since July 5, 2005) will be provided an opportunity to contribute to the Tail Fund and be bound by the Settlement Agreement. Such non-Movant Attending Physicians must elect to opt-in within 45 days of receiving notice of the opportunity to opt-in, by providing the undersigned counsel for SVCMC and the Movants (with a copy to the undersigned counsel for the Creditors’ Committee) with an original signed acknowledgment to be bound by the terms of the Settlement Agreement and contribute to the Tail Fund along with a certified check, bank check or money order in the amount of such Attending Physician’s estimated Tail Fund contribution amount (after taking into account the projected proceeds of that individuals’ allowed priority claim distribution, if any) will be set forth on Annex 2. All contribution amounts received will be placed into an escrow account with the undersigned counsel for the Movants3 and held in such account until the establishment of the Tail Fund as part of the Debtors’ Plan. The Parties agree to provide each 2 Attending Physicians would be required to agree to be bound by the escrow agreement between the Parties and Xxxxx & Xxxxxx, P.C. as Escrow Agent. 3 Attending Physicians would be required to agree to be bound by the escrow agreement between the Parties and Xxxxx & Xxxxxx, P.C. as Escrow Agent. non-Movant Attending Physicians with notice of the opportunity to opt-in within 10 business days from the entry of an Order approving this Settlement Agreement.
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