Payment of Physician Draw Sample Clauses

Payment of Physician Draw. On a monthly basis, PQC shall distribute ------------------------- to Medical Group from the Additional Pod Medical Group Account referred to in Section 3.12 of this Agreement an amount equal to one twelfth of the budgeted aggregate Physician Draw of Medical Group Physicians in the Additional Pods (minus the amount necessary to pay all Deductible Expenses) for distribution by Medical Group; provided, however, if (a) at any time during a Fiscal Period, PQC determines that the amount of Net Adjusted Xxxxxxxx allocated to the Additional Pod Medical Group Account pursuant to this Appendix B-2 net of Practices Expenses (the "Available Amount") for any Fiscal Period may be less than ninety- five percent (95%) of the budgeted aggregate Physician Draw for such Fiscal Period with respect to the Medical Group Physicians in the Additional Pods, or (b) if PQC or the Joint Policy Board determines (1) the aggregate Practice Expenses of an Additional Pod for such Fiscal Period will exceed the aggregate budgeted Practice Expenses for such Additional Pod for such Fiscal Period, or (2) the aggregate Net Adjusted Xxxxxxxx allocable to the Additional Pod Medical Group Account with respect to an Additional Pod will be less than the aggregate budgeted Net Adjusted Xxxxxxxx allocable to the Medical Group with respect to such Additional Pod, PQC may, and upon direction from the Joint Policy Board, shall, reduce the aggregate Physician Draw with respect to the Additional Pods in such manner as PQC determines to be appropriate. Subject to the provisions of Section 3.5 of this Agreement, the aggregate Physician Draw with respect to the Additional Pods shall be adjusted to reflect the addition of new Medical Group Physicians to an Additional Pod or the termination or resignation of any Medical Group Physician from an Additional Pod or to reflect such other factors as PQC and the Joint Policy board shall mutually agree to be appropriate. PQC may, but shall not be required to, advance money to the Compensation Pool as defined in Appendix A to the Employment Agreement to fund such Physician Draw.
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Related to Payment of Physician Draw

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