Common use of INCENTIVE AMOUNTS Clause in Contracts

INCENTIVE AMOUNTS. Practice agrees that Manager shall be entitled to incentive compensation ("Incentive Compensation") as set forth on Exhibit B. With respect to any partial calendar years during which this Agreement is in effect, Incentive Compensation shall be prorated according to the number of calendar days actually elapsed during such partial calendar year. The Incentive Compensation will be paid, as described below, in the form of monthly draws (which will provide Manager with an amount that is estimated in accordance with the formula set forth on Exhibit B) with an adjustment at each year end to account for any differences between the amount of Incentive Compensation paid as draws and the amounts calculated based on the complete year end revenue and expense figures.

Appears in 4 contracts

Samples: Management Services Agreement (Physicians Specialty Corp), Management Services Agreement (Physicians Specialty Corp), Management Services Agreement (Physicians Specialty Corp)

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