Common use of Formation and Operation of the Policy Board Clause in Contracts

Formation and Operation of the Policy Board. (a) Structure of Policy Board. Practice hereby acknowledges that it is one of a group of ophthalmology practices located in the St. Louis metropolitan area which is affiliated with Business Manager (Practice and such other practices shall be collectively referred to herein as "Regional Practices"). The Regional Practices and Business Manager shall establish a Policy Board which shall be responsible for overseeing the overall operations of the nonmedical aspects of each Regional Practice's facilities and, subject to Section 3.3 hereof, certain medical issues. The Policy Board shall consist of four (4) members, with each of the Business Manager and Regional Practices designating two (2) members. Each member of the Policy Board shall serve a one-year term. The Policy Board members designated by the Regional Practices shall be Physician-Shareholders of a Regional Practice. Except as otherwise expressly provided herein, the act of a majority of the members of the Policy Board shall be the act of the Policy Board.

Formation and Operation of the Policy Board. (a) Structure of Policy Board. Practice hereby acknowledges that ------------------------- it is one of a group of ophthalmology practices located in the St. Louis Louisville metropolitan area which is affiliated with Business Manager (Practice and such other practices shall be collectively referred to herein as "Regional Practices"). The Regional Practices and Business Manager shall establish a Policy Board which shall be responsible for overseeing the overall operations of the nonmedical aspects of each Regional Practice's facilities and, subject to Section 3.3 hereof, certain medical issues. The Policy Board shall consist of four (4) members, with each of the whom shall serve a one- year term. Business Manager and Regional Practices designating shall designate, in its sole discretion, two (2) members. Each member members of the Policy Board Board, and the Regional Practices shall serve a one-year termcollectively designate two (2) members of the Policy Board; provided, however, that Practice shall have the sole and exclusive right to appoint one of the two Regional Practice members during the Term. The Policy Board members designated by the Regional Practices shall be Physician-Shareholders of a Regional Practice and one such member shall always be a designee of Practice. Except as otherwise expressly provided herein, the act of a majority of the members of the Policy Board shall be the act of the Policy Board.

Formation and Operation of the Policy Board. (a) Structure of Policy Board. Practice hereby acknowledges that it is one of a group of ophthalmology practices located in the St. Louis Louisville metropolitan area which is affiliated with Business Manager (Practice and such other practices shall be collectively referred to herein as "Regional Practices"). The Regional Practices and Business Manager shall establish a Policy Board which shall be responsible for overseeing the overall operations of the nonmedical aspects of each Regional Practice's facilities and, subject to Section 3.3 hereof, certain medical issues. The Policy Board shall consist of four (4) members, with each of the whom shall serve a one- year term. Business Manager and Regional Practices designating shall designate, in its sole discretion, two (2) members. Each member members of the Policy Board Board, and the Regional Practices shall serve a one-year termcollectively designate two (2) members of the Policy Board; provided, however, that Practice shall have the sole and exclusive right to appoint one of the two Regional Practice members during the Term. The Policy Board members designated by the Regional Practices shall be Physician-Shareholders of a Regional Practice and one such member shall always be a designee of Practice. Except as otherwise expressly provided herein, the act of a majority of the members of the Policy Board shall be the act of the Policy Board.

Formation and Operation of the Policy Board. (a) Structure of Policy Board. Practice hereby acknowledges that it is one of a group of ophthalmology practices located in ------------------------- has been formed by the St. Louis metropolitan area which is affiliated with Regional Practices, and that the Original Practices each have previously engaged Business Manager (Practice and such other practices shall be collectively referred to herein as "Regional Practices")provide physician practice management services under the Predecessor Management Services Agreements. The Regional Original Practices and Business Manager shall establish have established a Policy Board which shall be has been responsible for overseeing the overall operations of the nonmedical non-medical aspects of each Regional Original Practice's facilities andand certain medical issues, subject to Section 3.3 hereofbelow. Upon the Effective Date, certain medical issuesthe Policy Board shall serve the foregoing role with respect to the Practice and all of the Practice- Owners. The Policy Board shall consist of four (4) members, with each of the Business Manager and Regional Practices designating two (2) members. Each member of the Policy Board whom shall serve a one-year term. Business Manager shall designate, in its sole discretion, two (2) members of the Policy Board, and the Practice-Owners shall collectively designate two (2) members of the Policy Board. The Policy Board members designated by the Regional Practices Practice-Owners shall be Physicianeither physician-Shareholders shareholders of a Regional those Practice-Owners that are professional or medical service corporations, or shall be individual licensed physicians who are Practice-Owners. Except as otherwise expressly provided herein, the act of a majority of the members of the Policy Board shall be the act of the Policy Board.