Renewals and Termination. The Annual Fee covers Program Services made available to you for a period of one (1) year (the “Term”). Upon receipt of the signed Application acknowledging the terms of this Agreement and the Annual Fee, the Physician shall have the option in his/her sole and absolute discretion, not to accept the Application and to return your payment to you (for example, due to limitations in practice size). Unless otherwise terminated, this Agreement shall automatically renew for an additional one-year period upon the expiration of each Term and receipt of payment in accordance with established terms, unless Cypress and/or the Physician has been notified in writing 30 days before your annual term date. Failure to pay the renewal Annual Fee prior to the anniversary of the Effective Date shall result in termination of your active status in the Program. (For example, if the Effective Date is January 1, then you must pay your Annual Fee on or before December 31 of that same calendar year). Participation in the Program is personal to each individual accepted into the Program, and may not be assigned.
Appears in 3 contracts
Samples: Physician Services Agreement, Physician Services Agreement, Physician Services Agreement
Renewals and Termination. The Annual Fee covers Program Services made available to you for a period of one (1) year (the “Term”). Upon receipt of the signed Application acknowledging the terms of this Agreement and the Annual Fee, the Physician Provider shall have the option in his/her sole and absolute discretion, not to accept the Application and to return your payment to you (for example, due to limitations in practice size). Unless otherwise terminated, this Agreement shall automatically renew for an additional one-year period upon the expiration of each Term and receipt of payment in accordance with established terms, unless Cypress and/or the Physician Provider has been notified in writing 30 days before your annual term date. Failure to pay the renewal Annual Fee prior to the anniversary of the Effective Date shall result in termination of your active status in the Program. (For example, if the Effective Date is January 1, then you must pay your Annual Fee on or before December 31 of that same calendar year). Participation in the Program is personal to each individual accepted into the Program, and may not be assigned.
Appears in 1 contract
Samples: Provider Services Agreement
