Common use of Physician Owner Change in Practice/Group Affiliation Clause in Contracts

Physician Owner Change in Practice/Group Affiliation. In the event that a Physician Owner leaves the employment of or terminates his or her affiliation with VERO, then the terminating Physician Owner may join or establish another group/practice which has or will enter into a Management Services Agreement with SCN upon such terminating Physician Owner's affiliation with such new group/practice. In the event that (i) VERO consents to SCN entering into the new Management Services Agreement, (ii) entering into the new Management Services Agreement will not adversely affect the operations and earnings of SCN, and (iii) the new group/practice can satisfy the representations and warranties set forth in ARTICLE IX of this Agreement, then SCN will not unreasonably withhold or refrain from entering into a new Management Services Agreement with the terminating Physician Owner's new group/practice. Except as set forth herein, in the event that the Physician Owner affiliates with a new group/practice that is not a Party to a Management Services Agreement with SCN, then SCN, at its option, may terminate this Agreement solely with respect to the terminating Physician Owner. In the event that SCN does not enter into a new Management Services Agreement, then SCN shall terminate this Agreement with respect to such Physician Owner, and the terminating Physician Owner shall be obligated as described in SECTION 5.2.2.

Appears in 1 contract

Samples: Management Services Agreement (Specialty Care Network Inc)

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Physician Owner Change in Practice/Group Affiliation. In the event that a Physician Owner leaves the employment of or terminates his or her affiliation with VEROOCOA, then the terminating Physician Owner may join or establish another group/practice which has or will enter into a Management Services Agreement with SCN upon such terminating Physician Owner's affiliation with such new group/practice. In the event that (i) VERO OCOA consents to SCN entering into the new Management Services Agreement, (ii) entering into the new Management Services Agreement will not adversely affect the operations and earnings of SCN, and (iii) the new group/practice can satisfy the representations and warranties set forth in ARTICLE IX of this Agreement, then SCN will not unreasonably withhold or refrain from entering into a new Management Services Agreement with the terminating Physician Owner's new group/practice. Except as set forth herein, in the event that the Physician Owner affiliates with a new group/practice that is not a Party to a Management Services Agreement with SCN, then SCN, at its option, may terminate this Agreement solely with respect to the terminating Physician Owner. In the event that SCN does not enter into a new Management Services Agreement, then SCN shall terminate this Agreement with respect to such Physician Owner, and the terminating Physician Owner shall be obligated as described in SECTION 5.2.2.

Appears in 1 contract

Samples: Management Services Agreement (Specialty Care Network Inc)

Physician Owner Change in Practice/Group Affiliation. In the event that a Physician Owner leaves the employment of or terminates his or her affiliation with VERODDD, then the terminating Physician Owner may join or establish another group/practice which has or will enter into a Management Services Agreement with SCN upon such terminating Physician Owner's affiliation with such new group/practice. In the event that (i) VERO DDD consents to SCN entering into the new Management Services Agreement, (ii) entering into the new Management Services Agreement will not adversely affect the operations and earnings of SCN, and (iii) the new group/practice can satisfy the representations and warranties set forth in ARTICLE IX X of this Agreement, then SCN will not unreasonably withhold or refrain from entering into a new Management Services Agreement with the terminating Physician Owner's new group/practice. Except as set forth herein, in the event that the Physician Owner affiliates with a new group/practice that is not a Party to a Management Services Agreement with SCN, then SCN, at its option, may terminate this Agreement solely with respect to the terminating Physician Owner. In the event that SCN does not enter into a new Management Services Agreement, then SCN shall terminate this Agreement with respect to such Physician Owner, and the terminating Physician Owner shall be obligated as described in SECTION 5.2.26.2.2.

Appears in 1 contract

Samples: Management Services Agreement (Specialty Care Network Inc)

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Physician Owner Change in Practice/Group Affiliation. In the event that a Physician Owner leaves the employment of or terminates his or her affiliation with VEROGCOA, then the terminating Physician Owner may join or establish another group/practice which has or will enter into a Management Services Agreement with SCN upon such terminating Physician Owner's affiliation with such new group/practice. In the event that (i) VERO GCOA consents to SCN entering into the new Management Services Agreement, (ii) entering into the new Management Services Agreement will not adversely affect the operations and earnings of SCN, and (iii) the new group/practice can satisfy the representations and warranties set forth in ARTICLE IX X of this Agreement, then SCN will not unreasonably withhold or refrain from entering into a new Management Services Agreement with the terminating Physician Owner's new group/practice. Except as set forth herein, in the event that the Physician Owner affiliates with a new group/practice that is not a Party to a Management Services Agreement with SCN, then SCN, at its option, may terminate this Agreement solely with respect to the terminating Physician Owner. In the event that SCN does not enter into a new Management Services Agreement, then SCN shall terminate this Agreement with respect to such Physician Owner, and the terminating Physician Owner shall be obligated as described in SECTION 5.2.26.2.2.

Appears in 1 contract

Samples: Management Services Agreement (Specialty Care Network Inc)

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