Reimbursement and Offset Clause Samples
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Reimbursement and Offset. If the Physician’s employment with the Employer terminates for any reason, and if the Physician fails to obtain the Extended Reporting Coverage as required pursuant to the provisions of Section hereof and provide verification thereof within thirty (30) calendar days after the “Effective Date of Termination” (as hereinafter defined) of the Physician’s employment hereunder, the Employer may obtain the same and offset the cost thereof against any amounts due the Physician by the Employer, whether hereunder or otherwise, or, in the alternative, make written demand on the Physician for reimbursement of all costs associated therewith, including, but not limited to, insurance premiums, legal and accounting fees, and disbursements.
Reimbursement and Offset. If Physician’s employment with Employer terminates for any reason, Employer shall be entitled to the full amount of the refundable portion of the unexpired premium, if any, for the medical malpractice insurance coverage that Employer obtained pursuant to the provisions of Section 9.1.1 hereof. By the execution of this Agreement, Physician irrevocably assigns any rights or interests that Physician may have in such refund. Further, Physician agrees to take such action and execute such documents as Employer may deem necessary to obtain such refund. If Physician receives the refund, Physician shall immediately reimburse Employer the pro rata amount of the premium, if any, for such medical malpractice insurance coverage paid by Employer for the unexpired term. If Physician fails to make such reimbursement within thirty (30) calendar days after the “Effective Date of Termination” (as hereinafter defined) of Physician’s employment hereunder, Employer may offset the amount of such remaining prorated premium against any amounts due Physician by Employer, whether hereunder or otherwise, or, in the alternative, make written demand on Physician for reimbursement of all costs associated therewith, including, but not limited to, legal and accounting fees and disbursements.
Reimbursement and Offset. If the Physician’s employment with the Employer terminates for any reason, the Employer shall be entitled to the full amount of the refundable portion of the unexpired premium, if any, for the medical malpractice insurance coverage that the Employer obtained pursuant to the provisions of Section 9.1.1 hereof. By the execution of this Agreement, the Physician irrevocably assigns any rights or interests that he may have in such refund. Further, the Physician agrees to take such action and execute such documents as the Employer may deem necessary to obtain such refund. If the Physician receives the refund, the Physician shall immediately reimburse the Employer the pro rata amount of the premium, if any, for such medical malpractice insurance coverage paid by the Employer for the unexpired term. If the Physician fails to make such reimbursement within thirty (30) calendar days after the “Effective Date of Termination” (as hereinafter defined) of the Physician’s employment hereunder, the Employer may offset the amount of such remaining prorated premium against any amounts due the Physician by the Employer, whether hereunder or otherwise, or, in the alternative, make written demand on the Physician for reimbursement of all costs associated therewith, including, but not limited to, legal and accounting fees and disbursements.