Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 3 contracts
Samples: Return of Service Contract, Return of Service Contract, Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 811,000 plus Compound Interest for $153,000 150,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and 811,000 Initial here completion of the Return of Service in full. Explanation: Estimate of fourthree-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 811,000 calculated starting on the first day of year 4 2 of Residency, plus Compound Interest for $150,000 of the $811,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 2 contracts
Samples: Return of Service Contract, Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-one year cost of the Postgraduate Medical EducationEducation ($121,092), plus interest. $ 121,092 plus Compound Interest. plus Compound Interest , calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year Year 1 of Residency. Explanation: Estimate of two-two years costs of the Postgraduate Medical EducationEducation ($121,092 per year), plus Compound Interestinterest. $306,000 242,184 plus Compound Interest calculated for $153,000 of the $306,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 2 of Residency C Between the Participant’s first day of year Year 2 of Residency and the last day of the Participant’s year Year 2 of Residency. Explanation: Estimate of three-three years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), plus Compound Interestinterest. $459,000 363,276 plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 2 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 3 of Residency D Between the Participant’s first day of year Year 3 of Residency and the last day of the Participant’s year Year 3 of Residency. Explanation: Estimate of four-four years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), plus Compound Interestinterest. $612,000 484,368 plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 2 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency Between the first day of Year 4 of Residency and the last day of the Participant’s Year 4 of Residency. Explanation: Estimate of five years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $605,460 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 5 of Residency From the first day of the Participant’s Year 5 of Residency and at any point thereafter. Explanation: Estimate of five years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $955,460 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 5 of Residency plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract350,000, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).
Appears in 2 contracts
Samples: Return of Service Contract, Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-one year cost of the Postgraduate Medical EducationEducation ($121,092), plus interest. $ 121,092 plus Compound Interest. plus Compound Interest , calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year Year 1 of Residency. Explanation: Estimate of two-two years costs of the Postgraduate Medical EducationEducation ($121,092 per year), plus Compound Interestinterest. $306,000 242,184 plus Compound Interest calculated for $153,000 of the $306,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 2 of Residency C Between the Participant’s first day of year Year 2 of Residency and the last day of the Participant’s year Year 2 of Residency. Explanation: Estimate of three-three years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), plus Compound Interestinterest. $459,000 363,276 plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 2 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 3 of Residency D Between the Participant’s first day of year Year 3 of Residency and the last day of the Participant’s year Year 3 of Residency. Explanation: Estimate of four-four years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), plus Compound Interestinterest. $612,000 484,368 plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 2 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 3 of ResidencyResidency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract350,000, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).
Appears in 2 contracts
Samples: Return of Service Contract, Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s year 4 of Residency. Explanation: Estimate of five-years costs of the Postgraduate Medical Education, plus Compound Interest. $765,000 plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and completion of the Return of Service in full. Explanation: Estimate of fourfive-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 1,149,000 plus Compound Interest for $153,000 of the $996,000 1,149,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 1,149,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 1,149,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 1,149,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $153,000 of the $1,149,000 Initial here calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 2 contracts
Samples: Return of Service Contract, Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-one year cost of the Postgraduate Medical EducationEducation ($121,092), plus interest. $121,092 plus Compound Interest. plus Compound Interest , calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year Year 1 of Residency. Explanation: Estimate of two-two years costs of the Postgraduate Medical EducationEducation ($121,092 per year), plus Compound Interestinterest. $306,000 242,184 plus Compound Interest calculated for $153,000 of the $306,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 2 of Residency C Between the Participant’s first day of year Year 2 of Residency and the last day of the Participant’s year Year 2 of Residency. $363,276 plus Compound Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency From the first day Year 3 of Residency and at any point thereafter. Explanation: Estimate of three-three years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus Compound Interestinterest. $459,000 804,276 plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 2 of ResidencyResidency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education441,000, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).
Appears in 2 contracts
Samples: Return of Service Contract, Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. $153,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion the last day of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 2 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. $600,000 plus Compound Interest for $150,000 of the $600,000 Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 961,000 plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 961,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 Initial here calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. $703,000 plus Compound Interest for $150,000 of the $703,000 Initial here Explanation: Estimate of fourthree-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 703,000 calculated starting on the first day of year 4 2 of Residency, plus Compound Interest for $150,000 of the $703,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $384,000 253,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day $600,000 plus Compound Interest for $150,000 of the $600,000 of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s year 4 of Residency. Explanation: Estimate of five-years costs of Postgraduate Medical Education, plus Compound Interest. $750,000 plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and completion of the Return of Service in full. Explanation: Estimate of fourfive-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 1,111,000 plus Compound Interest for $153,000 150,000 of the $996,000 1,111,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 1,111,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 1,111,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 1,111,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $150,000 of the $1,111,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated Initial here starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. $811,000 plus Compound Interest for $150,000 of the $811,000 Initial here Explanation: Estimate of fourthree-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 811,000 calculated starting on the first day of year 4 2 of Residency, plus Compound Interest for $150,000 of the $811,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. Up to $612,000 961,000 plus Compound Interest for $153,000 150,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and 961,000 Initial here completion of the Return of Service in full. Explanation: Estimate of three-years costs or four-years costs as applicable of the Postgraduate Medical Education and as determined by the University of British Columbia, plus Compound Interest. Starting in the final year of Re-entry Residency, the Repayment Amount also includes liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $961,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $961,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 4 of Residency, if applicable, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract Contract, if applicable (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. $150,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 600,000 plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 1 of Residency, Explanation: Estimate of four-years costs of Postgraduate Medical Education, plus Compound Interest. plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s year 4 of Residency. Explanation: Estimate of five-years costs of Postgraduate Medical Education, plus Compound Interest. $750,000 plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and the last day of the Participant’s year 5 of Residency. Explanation: Estimate of six-years costs of Postgraduate Medical Education, plus Compound Interest. $900,000 plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 6 of Residency G Between the Participant’s first day of year 6 of Residency and completion of the Return of Service in full. Explanation: Estimate of foursix-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 1,261,000 plus Compound Interest for $153,000 150,000 of the $996,000 1,261,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 1,261,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 1,261,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 1,261,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $150,000 of the $1,261,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for $150,000 of the $1,261,000 Initial here calculated starting on the first day of year 6 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. $153,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s year 4 of Residency. Explanation: Estimate of five-years costs of the Postgraduate Medical Education, plus Compound Interest. $765,000 plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and completion of the Return of Service in full. Explanation: Estimate of fourfive-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 1,149,000 plus Compound Interest for $153,000 of the $996,000 1,149,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 1,149,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 1,149,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 1,149,000 Initial here calculated starting on the first day of year 4 of Residency, plus Compound Interest for $153,000 of the $1,149,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. $150,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 600,000 plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 1 of Residency, Explanation: Estimate of four-years costs of Postgraduate Medical Education, plus Compound Interest. plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 961,000 plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 961,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 Initial here calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-one year cost of the Postgraduate Medical EducationEducation ($121,092), plus interest. $121,092 plus Compound Interest. plus Compound Interest , calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year Year 1 of Residency. Explanation: Estimate of two-two years costs of the Postgraduate Medical EducationEducation ($121,092 per year), plus Compound Interestinterest. $306,000 242,184 plus Compound Interest calculated for $153,000 of the $306,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 2 of Residency C Between the Participant’s first day of year Year 2 of Residency and the last day of the Participant’s year Year 2 of Residency. Explanation: Estimate of three-three years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), plus Compound Interestinterest. $459,000 363,276 plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 2 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 3 of Residency D Between the Participant’s first day of year Year 3 of Residency and the last day of the Participant’s year Year 3 of Residency. Explanation: Estimate of four-four years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), plus Compound Interestinterest. $612,000 484,368 plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 2 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year Year 3 of ResidencyResidency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract350,000, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 plus Compound Interest for $153,000 of the $306,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $459,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day $612,000 plus Compound Interest for $153,000 of the $612,000 of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s year 4 of Residency. Explanation: Estimate of five-years costs of the Postgraduate Medical Education, plus Compound Interest. $765,000 plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $765,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and the last day of the Participant’s year 5 of Residency. Explanation: Estimate of six-years costs of the Postgraduate Medical Education, plus Compound Interest. $918,000 plus Compound Interest for $153,000 of the $918,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $918,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $918,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $918,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $153,000 of the $918,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 6 of Residency G Between the Participant’s first day of year 6 of Residency and completion of the Return of Service in full. Explanation: Estimate of foursix-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 1,343,000 plus Compound Interest for $153,000 of the $996,000 1,343,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 1,343,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 1,343,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 1,343,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $153,000 of the $1,343,000 calculated starting on the first day of year 5 of Residency, Initial here plus Compound Interest for $153,000 of the $1,343,000 calculated starting on the first day of year 6 of Residency, plus Compound Interest for the remaining $384,000 425,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day of Residency. $153,000 Explanation: Estimate of one-one year cost of the Postgraduate Medical EducationEducation ($121,092), plus interest. $121,092 plus Compound Interest. plus Compound Interest , calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s year Year 1 of Residency. Explanation: Estimate of two-two years costs of the Postgraduate Medical EducationEducation ($121,092 per year), plus Compound Interestinterest. $306,000 242,184 plus Compound Interest calculated for $153,000 of the $306,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for the remaining $153,000 121,092, calculated starting on the first day of year Year 2 of Residency C Between the Participant’s first day of year Year 2 of Residency and the last day of the Participant’s year Year 2 of Residency. $363,276 plus Compound Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency From the first day Year 3 of Residency and at any point thereafter. Explanation: Estimate of three-three years costs of the Postgraduate Medical EducationEducation (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus Compound Interestinterest. $459,000 713,2761 plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 1 of Residency, Residency plus Compound Interest calculated for $153,000 of the $459,000 121,092, calculated starting on the first day of year Year 2 of ResidencyResidency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest for the remaining $153,000 350,000, calculated starting on the date the Participant breaches the Contract 1 If the Psychiatry Participantis a Re-Entry candidate, the associated cost will reflect the total number of years in the Psychiatry Program, which may be less than the amount noted in the Table. From the first day Year 4 of Residency and at any point thereafter. Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $834,368 plus Compound Interest calculated for $121,092, calculated on the first day of year 3 Year 1 of Residency D Between the Participant’s first day of year 3 of Residency and the last day of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year 1 Year 2 of Residency, Residency plus Compound Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year 2 Year 3 of Residency, Residency plus Compound Compund Interest calculated for $153,000 of the $612,000 121,092, calculated starting on the first day of year 3 Year 4 of Residency, Residency plus Compound Interest for the remaining $153,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract350,000, plus Compound Interest. The Repayment Amount is not pro-rated $996,000 plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 of the $996,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 calculated starting on the date the Participant first breaches the Contract (collectively the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract
Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. $153,000 Explanation: Estimate of one-year cost of the Postgraduate Medical Education, plus Compound Interest. 150,000 plus Compound Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s year 1 of Residency. Explanation: Estimate of two-years costs of the Postgraduate Medical Education, plus Compound Interest. $306,000 300,000 plus Compound Interest for $153,000 150,000 of the $306,000 300,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 2 of Residency C Between the Participant’s first day of year 2 of Residency and the last day of the Participant’s year 2 of Residency. Explanation: Estimate of three-years costs of the Postgraduate Medical Education, plus Compound Interest. $459,000 450,000 plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $459,000 450,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day $600,000 plus Compound Interest for $150,000 of the $600,000 of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of the Postgraduate Medical Education, plus Compound Interest. $612,000 plus Compound Interest for $153,000 of the $612,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $612,000 600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $153,000 150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of the Postgraduate Medical Education and liquidated damages in relation to direct and indirect costs to the Province associated with the Participant’s breach of Contract, plus Compound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $996,000 961,000 plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 Initial here based on partial completion of the Return of Service Term. 961,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $153,000 150,000 of the $996,000 961,000 Initial here calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $384,000 361,000 calculated starting on the date the Participant first breaches the Contract (collectively the “Repayment Amount”).
Appears in 1 contract
Samples: Return of Service Contract