Common use of Shareholder Expense Clause in Contracts

Shareholder Expense. The term “Shareholder Expense” shall be limited to the following expenses: (a) Shareholders’ salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, and excluding any other expense of a Shareholder approved as a Dispensary Expense or Office Expense in advance by the Parties); (b) “tail” coverage malpractice insurance expenses for the Shareholders and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (c) consulting, accounting, or legal fees which relate solely to the Shareholders. The Practice shall reimburse the Retail Business Manager for any Shareholder Expense incurred by the Retail Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Expense, an Office Expense, or a Practice Expense in this Retail Business Management Agreement or in any exhibit hereto or in the Professional Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s Shareholders.

Shareholder Expense. The term “Shareholder Expense” shall be limited to the following expenses: (a) Shareholders’ salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Professional Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, and travel requested by Retail Business Manager which shall be a Dispensary Expense and excluding any other expense of a Shareholder approved as a Dispensary an Office Expense or Office Dispensary Expense in advance by the Parties); (b) “”tail” coverage malpractice insurance expenses for the Shareholders and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (c) consulting, accounting, or legal fees which relate solely to the Shareholders. The Practice shall reimburse the Retail Professional Business Manager for any Shareholder Expense incurred by the Retail Professional Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Retail Business Manager Expense, an Office Expense, a Dispensary Expense or a Practice Expense in this Retail Professional Business Management Agreement or in any exhibit hereto or in the Professional Retail Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s Shareholders.

Shareholder Expense. The term “"Shareholder Expense” " shall be limited to the following expenses: (a) Shareholders’ ' salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, and excluding any other expense of a Shareholder approved as a Dispensary Expense or Office Expense in advance by the Parties); (b) “"tail” " coverage malpractice insurance expenses for the Shareholders and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (c) consulting, accounting, or legal fees which relate solely to the Shareholders. The Practice shall reimburse the Retail Business Manager for any Shareholder Expense incurred by the Retail Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Expense, an Office Expense, or a Practice Expense in this Retail Business Management Agreement or in any exhibit hereto or in the Professional Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s 's Shareholders.

Shareholder Expense. The term “"Shareholder Expense” " shall be limited to the following expenses: (a) Shareholders’ ' salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Professional Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, and travel requested by Retail Business Manager which shall be a Dispensary Expense and excluding any other expense of a Shareholder approved as a Dispensary an Office Expense or Office Dispensary Expense in advance by the Parties); (b) “"tail” " coverage malpractice insurance expenses for the Shareholders and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (c) consulting, accounting, or legal fees which relate solely to the Shareholders. The Practice shall reimburse the Retail Professional Business Manager for any Shareholder Expense incurred by the Retail Professional Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Retail Business Manager Expense, an Office Expense, a Dispensary Expense or a Practice Expense in this Retail Professional Business Management Agreement or in any exhibit hereto or in the Professional Retail Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s 's Shareholders.

Shareholder Expense. The term “"Shareholder Expense” " shall be limited to the following expenses: (a) Shareholders’ Shareholder's salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Professional Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, Expense and excluding any other expense of a Shareholder approved as a Dispensary Expense or an Office Expense in advance by the Parties); (b) “"tail” " coverage malpractice insurance expenses for the Shareholders Shareholder and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (c) consulting, accounting, or legal fees which relate solely to the ShareholdersShareholder. The Practice shall reimburse the Retail Professional Business Manager for any Shareholder Expense incurred by the Retail Professional Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Expense, an Office Expense, or a Practice Expense in this Retail Professional Business Management Agreement or in any exhibit hereto or in the Professional Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s Shareholders's Shareholder.

Shareholder Expense. The term “"Shareholder Expense” " shall be limited to the following expenses: (a) Shareholders’ ' salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Professional Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, and travel requested by Retail Business Manager which shall be a Dispensary Expense and excluding any other expense of a Shareholder approved as a Dispensary an Office Expense or Office Dispensary Expense in advance by the Parties); (b) “"tail” " coverage malpractice insurance expenses for the Shareholders and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (c) consulting, accounting, or legal fees which relate solely to the Shareholders. The Practice shall reimburse the Retail Professional Business Manager for any Shareholder Expense incurred by the Retail Professional Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Retail Business Manager Expense, an Office Expense, a Dispensary Expense or a Practice Expense in this Retail Professional Business Management Agreement or in any exhibit hereto or in the Professional Retail Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s 's Shareholders.

Shareholder Expense. The term “Shareholder Expense” shall be limited to the following expenses: (a) Shareholders’ salaries, Bonus, benefits, payroll taxes, and other direct costs (including professional dues, subscriptions, continuing education expenses, severance payments, entertainment, and travel costs for continuing education or other business travel but excluding business travel requested by Retail Professional Business Manager, which shall be a Dispensary Expense and business travel requested by Professional Business Manager which shall be an Office Expense, and travel requested by Retail Business Manager which shall be a Dispensary Expense and excluding any other expense of a Shareholder approved as a Dispensary an Office Expense or Office Dispensary Expense in advance by the Parties); (b) “”tail” coverage malpractice insurance expenses for the Shareholders and any malpractice insurance expenses of any Professional which are in excess of those which are customary and reasonable; and (and (c) consulting, accounting, or legal fees which relate solely to the Shareholders. The Practice shall reimburse the Retail Professional Business Manager for any Shareholder Expense incurred by the Retail Professional Business Manager. Unless expressly designated as a Management Fee, a Retail Business Manager Expense, a Professional Business Manager Expense, a Dispensary Retail Business Manager Expense, an Office Expense, a Dispensary Expense or a Practice Expense in this Retail Professional Business Management Agreement or in any exhibit hereto or in the Professional Retail Business Management Agreement or in any exhibit thereto or in any written agreement of the Parties, any expense incurred by the Practice shall be considered a Shareholder Expense. Notwithstanding the above, the Practice may require certain Professionals to pay certain expenses incurred for them specifically. Nothing in this Section shall create personal liability on the part of the Practice’s Shareholders.