Violation of Law; Tax-Exempt Status. If any term of this Agreement violates federal, state or local law or regulation or could jeopardize the federal tax-exempt status under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, of Hospital or any affiliated tax-exempt entity or the tax-exempt status of the bonds of Hospital or any affiliated tax-exempt entity, or could result in prohibition of any referral or payment to Hospital or related entity, then the terms of this Agreement shall be changed as necessary so that such federal, state or local law or regulation is no longer violated, such federal tax-exempt status is no longer threatened or such prohibition would no longer result, as the case may be.
Appears in 4 contracts
Samples: Resident Employment Agreement, Resident Employment Agreement, Resident Employment Agreement
