Title; Capacity; Duties. Executive shall serve initially as Corporation’s Medical Director and shall have primary responsibility and authority to assure the quality of medical services provided by the Corporation and VRP. The Corporation shall cause Executive to be appointed to, and Executive shall serve as, Chair of VRP’s Quality Assurance Committee, and shall in that capacity carry out the duties necessarily associated therewith including candidate interviews, the establishment and implementation of quality assurance protocols, continuing education and remediation policies, and the creation and implementation of other necessary policies and procedures necessary to assure the quality of medical services provided by the Corporation and VRP. Executive shall be subject to the supervision of, shall report directly to, and shall have such authority and duties as may delegated to him from time to time by, the Corporation’s Chief Executive Officer. Executive agrees to serve in such capacities and to undertake the duties and responsibilities inherent in such position. (a) Excepting time devoted by Executive to the provision of medical services pursuant to the IPA, Executive shall devote the remainder of his entire business time, attention and energies to the business and interests of the Corporation during the employment period. To the extent determined by the Chief Executive Officer of the Corporation, Executive may hold part time academic radiology appointments, if, and for such period(s), that the Chief Executive Officer determines that such appointments benefit the reputation and business of the Corporation. Furthermore, Executive may consult to, or hold a position on corporate boards of, various noncompeting companies. The Chief Executive Officer or the Board of Directors may limit such outside activities from time to time, however, to such combined time commitment as the Chief Executive Officer or the Board of Directors determines in his or its discretion will not materially interfere with Executive’s performance of his duties and responsibilities to the Corporation. The Executive will be entitled to the outside fees, compensation or other income related to such outside activities without any reduction in compensation from the Corporation. (b) Executive shall abide by the rules, regulations, instructions, personnel practices and policies of the Corporation and any changes therein which may be adopted from time to time.
Appears in 2 contracts
Samples: Employment Agreement (Virtual Radiologic CORP), Employment Agreement (Virtual Radiologic CORP)
Title; Capacity; Duties. Executive shall serve initially as CEO and President of the Corporation’s Medical Director and shall have primary responsibility and authority to assure the quality of medical services provided by the Corporation and VRP. The Corporation shall cause Executive to be appointed to, and Executive shall serve as, Chair of VRP’s Quality Assurance Committee, and shall in that capacity carry out the duties necessarily associated therewith including candidate interviews, the establishment and implementation of quality assurance protocols, continuing education and remediation policies, and the creation and implementation of other necessary policies and procedures necessary to assure the quality of medical services provided by the Corporation and VRP. Executive shall be subject to the supervision of, shall report directly to, and shall have such authority and duties as may is delegated to him from time to time by, the Corporation’s Chief Executive OfficerBoard of Directors. Executive agrees to serve in such capacities capacity and to undertake the duties and responsibilities inherent in such position.
(a) Excepting time devoted by Executive to the provision of medical services pursuant to the IPA, Executive shall devote the remainder of his entire business time, attention and energies to the business and interests of the Corporation during the employment period. To Notwithstanding the extent determined by the Chief Executive Officer of the Corporationforegoing, Executive may hold part part-time academic radiology appointments, if, and for such period(s), that the Chief Executive Officer Board of Directors determines that such appointments benefit the reputation and business of the Corporation. Furthermore, Executive may consult to, or hold a position on corporate boards of, various noncompeting companies. The Chief Executive Officer or the Board of Directors may limit such outside activities from time to time, however, to such combined time commitment as the Chief Executive Officer or the Board of Directors determines in his or its discretion will not materially interfere with Executive’s performance of his duties and responsibilities to the Corporation. The Executive will be entitled to the outside fees, compensation or other income related to such outside activities without any reduction in compensation from the Corporation. The Corporation further acknowledges and agrees that Executive’s work for and on behalf of VRP, as a practicing radiologist, advances the business purpose of VRC by keeping Executive current in the state of the practice of radiology, maintaining Executive’s reputation in the practice, facilitating Executive’s ability to recruit and retain radiologists and other staff to perform work for and on behalf of VRP, and providing additional radiology capacity to the Corporation and VRP to insure that client commitments are fulfilled. Accordingly, the parties agree that Executive may perform work for and on behalf of VRP, as Executive, in his reasonable discretion, sees fit. In the event that the Board of Directors determines from time to time that such activities have interfered or may have the potential to interfere materially with Executive’s performance of his duties and responsibilities to the Corporation, the Board of Directors shall so notify Executive in writing and request that Executive reduce his activities for or on behalf of VRP. Executive shall be entitled to the fees, bonuses or other compensation or income for services he receives from or on behalf of VRP without any reduction in compensation from the Corporation.
(b) Executive shall abide by the rules, regulations, instructions, personnel practices and policies of the Corporation and any changes therein which may be adopted from time to time.
Appears in 2 contracts
Samples: Employment Agreement (Virtual Radiologic CORP), Employment Agreement (Virtual Radiologic CORP)