Medical Director Agreements. The Company will use commercially reasonable efforts to (i) extend existing medical director agreements of the Company for a period of seven (7) years from the date hereof; (ii) assign to Purchaser all existing medical director agreements of the Company; and (iii) eliminate those provisions of each such agreement as they relate to the transfers of patients.
Medical Director Agreements. All Contracts of PC Seller for medical director services (or other similar administrative services), and all other Contracts with any provider or supplier of healthcare items, supplies or services (each a “Health Care Entity”) have been performed in accordance with the requirements of the Xxxxx Law, the Anti-Kickback Statute and other applicable Laws, and no Owner or, to Selling Group’s Knowledge, Provider employee of PC Seller, acting within the course or scope of his or her employment, or any member of the Selling Group has been a party to a direct or indirect financial relationship or has offered, paid, solicited or received, directly or indirectly, any remuneration from a Health Care Entity except in strict compliance with applicable requirements of the Xxxxx Law and the Anti-Kickback Statute.
Medical Director Agreements. All Contracts of Seller for medical director services (or other similar administrative services), and all other Contracts with any provider or supplier of healthcare items, supplies or services (each a “Health Care Entity”) have been performed in accordance with the requirements of the Xxxxx Law, the Anti-Kickback Statute and other applicable Laws, and no Owner or, to Selling Group’s Knowledge, Provider employee of Seller, acting within the course or scope of his or her employment, or any member of the Selling Group has been a party to a direct or indirect financial relationship or has offered, paid, solicited or received, directly or indirectly, any remuneration from a Health Care Entity except in strict compliance with applicable requirements of the Xxxxx Law and the Anti-Kickback Statute.
Medical Director Agreements. The Company agrees to use its best efforts, and to cause each of the Subsidiaries to use its best efforts, to enter into a new Medical Director Agreement with each affiliated physician practice providing medical director services to the Company's or any Subsidiary's dialysis facilities (the "Practices") and with all of the physician owners and employees of such practices, including those listed on Schedule 8.7. Each of such new Medical Director Agreement shall: (i) have a minimum term of ten (10) years from the Closing Date, (ii) have a covenant not to compete with the facility at which such Practice provides services in the provision of medical director services during the term of the Medical Director Agreement and for two (2) years thereafter, (iii) be otherwise substantially in the form attached hereto as Exhibit 8.7, with a medical director fee that is reasonably acceptable to RCG, and (iv) be executed by each individual physician who is a member of, affiliated with or employed by the Practice. Each Owner who is a party to such a Medical Director Agreement, or who is a shareholder or other member of a Practice, will, or will cause such Practice to, enter into such a new Medical Director Agreement.
Medical Director Agreements. The Company shall have (i) terminated all medical director agreements or similar agreements entered into by the Company prior to the Closing Date and (ii) delivered or caused its Affiliates to deliver fully executed Medical Director Agreements.
Medical Director Agreements. The parties hereto agree that the Company and each affiliated physician practice that has a physician member or employee involved with the use, operation of or referral of patients to the Company's dialysis facilities (the "Practices"), shall enter into a Medical Director Agreement at Closing under which the Practices shall provide medical director services to the Company for the dialysis facilities operated by the Company. Such Medical Director Agreement shall have an initial term of seven (7) years with renewal terms for additional three year periods and shall provide for (i) an aggregate annual fee to be paid by RCG to the Practices of $840,000 (subject to agreed upon modifications) to be divided among the Practices at the Practices' discretion, (ii) certain restrictive covenants, including but not limited to a covenant not to compete with a duration of the term of the Medical Director Agreement and three (3) years after termination of the Medical Director Agreement, and (iii) other customary terms and conditions. The Owners agree that a Medical Director Agreement substantially in the form of Exhibit 8.9 attached hereto will be entered into at the Closing by them and their practices.
