Common use of Payment of Physician Draw Clause in Contracts

Payment of Physician Draw. On a bi-weekly basis, PQC shall -------------------------- distribute to Medical Group from the account referred to in Section 3.12 of this Agreement ("Medical Group Account") an amount equal to one twenty-sixth of the budgeted aggregate Physician Draw (minus the amount necessary to pay all Deductible Expenses) for distribution by Medical Group to the Pods; provided, however, if (a) at any time during a Fiscal Period, PQC determines that the amount of Practice Revenues allocated to the payment of aggregate Physician Draw under Section 2 of this Appendix B for any Fiscal Period may be less than ninety-five percent (95%) of the budgeted aggregate Physician Draw for such Fiscal Period, or (b) if PQC or the Joint Policy Board determines (1) the aggregate Practice Expenses for such Fiscal Period will exceed the aggregate budgeted Practice Expenses for such Fiscal Period, or (2) the aggregate Practice Revenues will be less than the aggregate budgeted Practice Revenues, PQC may, and upon direction from the Joint Policy Board, shall, reduce the aggregate Physician Draw in such manner as PQC determines to be appropriate. Subject to the provisions of Section 3.5 of this Agreement, the aggregate Physician Draw shall be adjusted to reflect the addition of new Medical Group Physicians or the termination or resignation of any Medical Group Physician 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.

Payment of Physician Draw. On a bi-weekly monthly basis, PQC shall -------------------------- distribute ------------------------- to Medical Group from the account Additional Pod Medical Group Account referred to in Section 3.12 of this Agreement ("Medical Group Account") an amount equal to one twenty-sixth 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 to the PodsGroup; provided, however, if (a) at any time during a Fiscal Period, PQC determines that the amount of Practice Revenues Net Adjusted Xxxxxxxx allocated to the payment of aggregate Physician Draw under Section 2 of Additional Pod Medical Group Account pursuant to this Appendix B B-2 net of Practices Expenses (the "Available Amount") for any Fiscal Period may be less than ninety-ninety- five percent (95%) of the budgeted aggregate Physician Draw for such Fiscal PeriodPeriod 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 Practice Revenues Net Adjusted Xxxxxxxx allocable to the Additional Pod Medical Group Account with respect to an Additional Pod will be less than the aggregate budgeted Practice RevenuesNet 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.

Payment of Physician Draw. On a bi-weekly basis, PQC shall -------------------------- distribute ------------------------- to Medical Group from the account Founding Pod Medical Group Account referred to in Section 3.12 of this Agreement ("Medical Group Account") an amount equal to one twenty-sixth of the budgeted aggregate Physician Draw (minus the amount necessary to pay all Deductible Expenses) for distribution by Medical Group to the PodsGroup; provided, however, if (a) at any time during a Fiscal Period, PQC determines that the amount of Practice Revenues allocated to the payment of aggregate Physician Draw under Section 2 of this Appendix B B-1 for any Fiscal Period may be less than ninety-five percent (95%) of the budgeted aggregate Physician Draw of Medical Group Physicians in the Founding Pods for such Fiscal Period, or (b) if PQC or the Joint Policy Board determines (1) the aggregate Practice Expenses of a Founding Pod for such Fiscal Period will exceed the aggregate budgeted Practice Expenses of such Founding Pod for such Fiscal Period, or (2) the aggregate Practice Revenues of a Founding Pod will be less than the aggregate budgeted Practice RevenuesRevenues of such Founding Pod, PQC may, and upon direction from the Joint Policy Board, shall, reduce the aggregate Physician Draw in such manner as PQC determines to be appropriate. Subject to the provisions of Section 3.5 of this Agreement, the aggregate Physician Draw of Medical Group Physicians in the Founding Pods shall be adjusted to reflect the addition of new Medical Group Physicians to a Founding Pod or the termination or resignation of any Medical Group Physician assigned to a Founding 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.

Payment of Physician Draw. On a bi-weekly basis, PQC shall -------------------------- distribute to ------------------------- Medical Group from the account Founding Pod Medical Group Account referred to in Section 3.12 of this Agreement ("Medical Group Account") an amount equal to one twenty-sixth of the budgeted aggregate Physician Draw (minus the amount necessary to pay all Deductible Expenses) for distribution by Medical Group to the PodsGroup; provided, however, if (a) at any time during a Fiscal Period, PQC determines that the amount of Practice Revenues allocated to the payment of aggregate Physician Draw under Section 2 of this Appendix B B-1 for any Fiscal Period may be less than ninety-five percent (95%) of the budgeted aggregate Physician Draw of Medical Group Physicians in the Founding Pods for such Fiscal Period, or (b) if PQC or the Joint Policy Board determines (1) the aggregate Practice Expenses of a Founding Pod for such Fiscal Period will exceed the aggregate budgeted Practice Expenses of such Founding Pod for such Fiscal Period, or (2) the aggregate Practice Revenues of a Founding Pod will be less than the aggregate budgeted Practice RevenuesRevenues of such Founding Pod, PQC may, and upon direction from the Joint Policy Board, shall, reduce the aggregate Physician Draw in such manner as PQC determines to be appropriate. Subject to the provisions of Section 3.5 of this Agreement, the aggregate Physician Draw of Medical Group Physicians in the Founding Pods shall be adjusted to reflect the addition of new Medical Group Physicians to a Founding Pod or the termination or resignation of any Medical Group Physician assigned to a Founding 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.

Payment of Physician Draw. On a bi-weekly monthly basis, PQC shall -------------------------- distribute to ------------------------- Medical Group from the account Additional Pod Medical Group Account referred to in Section 3.12 of this Agreement ("Medical Group Account") an amount equal to one twenty-sixth 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 to the PodsGroup; provided, however, if (a) at any time during a Fiscal Period, PQC determines that the amount of Practice Revenues Net Adjusted Xxxxxxxx allocated to the payment of aggregate Physician Draw under Section 2 of Medical Group pursuant to this Appendix B 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 PeriodPeriod 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 Practice Revenues Net Adjusted Xxxxxxxx allocable to the Medical Group with respect to an Additional Pod will be less than the aggregate budgeted Practice RevenuesNet 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.