New Physician Compensation Costs Clause Samples

New Physician Compensation Costs. (a) Notwithstanding anything contained herein to the contrary, during the period beginning on the New Physician Start Date (as hereinafter defined) and ending on the Physician Breakeven Date (as hereinafter defined), the Management Company shall be responsible for the payment of all New Physician Compensation (as hereinafter defined) and notwithstanding anything to the contrary contained in this Agreement, shall receive, in consideration therefor, sixty six and two-thirds percent (66-2/3%) (such amount being referred to herein as the "New Physician Net Collections") of all Collections generated by such New Physician for those Medical Group Services performed by such New Physician until the Physician Breakeven Date, and such amounts shall not be included in determining Collections for purposes of this Agreement. The remaining thirty three and one-third percent (33 1/3%) of such Collections shall belong to the Medical Group until the Physician Breakeven Date, and such amounts shall not be included in determining Collections for purposes of this Agreement. As of the Physician Breakeven Date, the New Physician Compensation shall be payable by, and become the responsibility of, the Medical Group in accordance with Section 5.7 hereof, and one hundred percent (100%) of all of the ▇▇▇▇▇▇▇▇ and Collections generated by such New Physician thereafter shall be considered ▇▇▇▇▇▇▇▇ and Collections of the Medical Group for purposes of this Agreement.

New Physician Compensation Costs. (a) Notwithstanding anything contained herein to the contrary, during the period beginning on the New Physician Start Date (as hereinafter defined) and ending on the Physician Breakeven Date (as hereinafter defined), the Management Company shall reimburse the Medical Group on a monthly basis for all New Physician Compensation (as hereinafter defined) and notwithstanding anything to the contrary contained in this Agreement, shall receive, in consideration therefor, sixty six and two-thirds percent (66-2/3%) (such amount being referred to herein as the "New Physician Net Collections") of all Collections generated by such New Physician for those Medical Group Services performed by such New Physician, and such amounts shall not be included in determining Collections for purposes of this Agreement. The remaining thirty three and one-third percent (33 1/3%) of such Collections shall belong to the Medical Group, and such amounts shall not be included in determining Collections for purposes of this Agreement. As of the Physician Breakeven Date, the New Physician Compensation shall become the sole responsibility of, the Medical Group in accordance with Section 5.6 hereof, and all of the ▇▇▇▇▇▇▇▇ and Collections generated by such New Physician thereafter shall be considered ▇▇▇▇▇▇▇▇ and Collections for purposes of this Agreement. (b) In order to accomplish the foregoing, on the date that the Medical Group hires the first New Physician, the Medical Group shall open a bank account (the "New Physician Account") separate from the Medical Group Collections Account, which bank account shall be used to deposit all Collections

New Physician Compensation Costs. (a) Notwithstanding anything contained herein to the contrary, during the period beginning on the date a New Physician becomes affiliated with or employed by the Medical Group and ending on the Physician Breakeven Date, the Management Company will be responsible for the payment of all compensation paid to a New Physician (the "New Physician Compensation"). In consideration for paying the New Physician Compensation, the Management Company will receive sixty-six and two-thirds percent (66-2/3%) (such amount being referred to herein as the "New Physician Net Collections") of all collections generated by such New Physician for those Medical Group Services performed by such New Physician. The remaining thirty three and one-third percent (33 1/3%) of the New Physician's collections will belong to the Medical Group. The New Physician's collections will not be included in determining the Medical Group's Collections. From and after the Physician Breakeven Date, the New Physician Compensation will become a Medical Group Cost, and all of the New Physician's collections will be considered Collections of the Medical Group.

New Physician Compensation Costs. Notwithstanding anything contained herein to the contrary, during the period beginning on the New Physician Start Date (as hereinafter defined) and ending on the earlier to occur (such earlier date being referred to herein as, the "Release Date") of (i) the date that is 180 days after the New Physician Start Date or (ii) the New Physician Breakeven Date (as hereinafter defined), the Management Company shall be responsible for the payment of all New Physician Compensation (as hereinafter defined). In the event that the New Physician Breakeven Date has not occurred by the Release Date, the Medical Group may request that the Management Company extend the Release Date until the earlier to occur of (x) the date that is 180 days after the Release Date or (y) the New Physician Breakeven Date (such period being referred to herein as, the "Extended Payment Period"). The Management Company will grant such request and continue paying the New Physician Compensation through the Extended Payment Period; provided that the Medical Group shall reimburse the Management Company the aggregate amount paid during the Extended Payment Period to or for the benefit of the New Physician. The Medical Group shall reimburse such amount in six equal monthly installments, the first of such installments being due on the first day of the month immediately following the end of the Extended Payment Period. The ▇▇▇▇▇▇▇▇ and Collections generated by such New Physician for those Medical Group Services performed by such New Physician shall in all instances be included in determining ▇▇▇▇▇▇▇▇ and Collections for purposes of this Agreement. As of the Release Date or the last day of the Extended Payment Period, as the case may be, the New Physician Compensation shall be payable by, and become the responsibility of, the Medical Group in accordance with Section 5.7 hereof.