Termination Due to Change in Law. In the event that any law or regulation enacted, promulgated or amended after the date of this Agreement, expressly including any Medicare payment regulation, or any interpretation of law or regulation by a court or regulatory authority of competent jurisdiction after the date of this Agreement (collectively “Change in Law”) materially affects or materially impacts upon the reasonable expectations of HOSPITAL under this Agreement, renders any provision of this Agreement illegal or unenforceable, or materially affects the ability of HOSPITAL to perform its obligations under this Agreement, then HOSPITAL may request renegotiation of the applicable terms of this Agreement by written notice to the other party. Both parties agree to negotiate in good faith an amendment which preserves the original reasonable expectation of the parties to the extent possible in a manner consistent with the Change in Law. If no such amendment can be agreed upon in the reasonable opinion of either party within sixty (60) days of receipt of such notice, then HOSPITAL may terminate this Agreement upon an additional sixty (60) days written notice.
Appears in 4 contracts
Samples: Resident Employment Agreement, Resident Employment Agreement, Resident Employment Agreement
