Common use of Non-Budgeted Expenditures Clause in Contracts

Non-Budgeted Expenditures. Requests for non-budgeted capital expenditures and improvement projects shall be evaluated and prepared by the Joint Planning Board in consultation with the Group and Administrator. All requests for non-budgeted capital expenditures and improvements at or for the benefit of the Practice in excess of either $75,000 individually or an aggregate amount equivalent to $2,500 multiplied by the number of Full-time Physician Employees employed at the time the capital budget for such Group for the applicable year is determined (provided, however, that such aggregate amount shall not exceed $250,000 for any calendar year) must be approved by the Board of Directors of Parent or by any committee specifically designated by the Board of Directors of Parent for such purposes.

Non-Budgeted Expenditures. Requests for non-budgeted capital expenditures and improvement projects shall be evaluated and prepared by the Joint Planning Board in consultation with the Group and Administrator. All requests for non-budgeted capital expenditures and improvements at or for the benefit of the Practice in excess of either $75,000 individually or an aggregate amount equivalent to $2,500 multiplied by the number of Full-time Physician Employees employed at the time the capital budget for such Group for the applicable year is determined (provided, however, that such aggregate amount shall not exceed $250,000 for any calendar year) must be approved by the Board of Directors of Parent or by any committee specifically designated by the Board of Directors of Parent for such purposes.

Non-Budgeted Expenditures. Requests for non-budgeted capital expenditures and improvement projects shall be evaluated and prepared by the Joint Planning Board in consultation with the Group and Administrator. All requests for non-budgeted capital expenditures and improvements at or for the benefit of the Practice in excess of either $75,000 50,000 individually or an aggregate amount equivalent to $2,500 multiplied by the number of Full-time Physician Employees employed at the time the capital budget for such Group for the applicable year is determined (provided, however, that such aggregate amount shall not exceed $250,000 100,000 for any calendar year) must be approved by the Board of Directors of Parent or by any committee specifically designated by the Board of Directors of Parent for such purposes.