Cessation of Active Practice definition

Cessation of Active Practice means a physician Stockholder's resignation from or termination of employment with the Medical Group (other than by reason of death or permanent disability).
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Cessation of Active Practice means a physician Stockholder's failure (other than by reason of death or permanent disability), throughout any twelve-month period ending on the day before any of the vesting dates described in paragraph 2(a) hereof, to engage in the practice of medicine with the Medical Group on a regular basis, including the performance of orthopedic surgical procedures on a regular basis (except in the case of any Stockholder who did not practice surgery on a regular basis immediately prior to the date hereof), such that (i) the Stockholder was engaged in patient care activities for less than seventy-five percent (75%) of the time that the Stockholder had been engaged in such activities during the twelve-month period immediately preceding the date hereof, and (ii) the Stockholder generated xxxxxxxx that were less than seventy-five percent (75%) of the amount of xxxxxxxx generated by the Stockholder during the twelve-month period immediately preceding the date hereof.
Sample 1Sample 2Sample 3
Cessation of Active Practice means a physician Stockholder's failure (other than by reason of death or permanent disability), throughout any twelve-month period ending on the day before any of the vesting dates described in paragraph 2(a) hereof, to engage in the practice of medicine with the Medical Group on a regular basis, including the performance of orthopedic surgical procedures on a regular basis (except in the case of any Stockholder who did not practice surgery on a regular basis immediately prior to the date hereof), such that (i) the Stockholder was engaged in patient care activities with the Medical Group for less than seventy-five percent (75%) of the time that the Stockholder had been engaged in such activities during the twelve-month period immediately preceding the date hereof, and (ii) the Stockholder generated xxxxxxxx with the Medical Group that were less than seventy-five percent (75%) of the amount of such xxxxxxxx generated by the Stockholder during the twelve-month period immediately preceding the date hereof; provided, however, that if a Stockholder satisfies all of the foregoing criteria except that the Stockholder has ceased to conduct his medical practice with the Medical Group, there shall not have been a Cessation of Active Practice within the meaning of this provision if (A) the Stockholder enters into a Management Services Agreement with the Company substantially in the form of the Management Services Agreement entered into by and between the Medical Group and the Company and (B) the Stockholder enters into a new Stockholder Non-Competition Agreement with the Company substantially in the form of the Stockholder Non-Competition Agreement executed by the Stockholder in connection with the Management Services Agreement entered into by and between the Medical Group and the Company.
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Examples of Cessation of Active Practice in a sentence

  • In the event of the Cessation of Active Practice by or the death or permanent disability of a Stockholder (the "Forfeiture Event"), the following provisions shall apply.

  • For example, if there is a Cessation of Active Practice during the second year, the Stockholder would be vested as to 25% of the Restricted Stock as of the end of the second year, and if there is no Cessation of Active Practice during the following three years, the Restricted Stock would become vested as to a cumulative 50%, 75%, and 100%, respectively, at the end of the third, fourth, and fifth years, respectively, under this Agreement.

  • The repurchase price for each Unvested Share shall be equal to the Original Value of such share, and such repurchase price shall be paid in full in cash not later than sixty (60) days after the date of Cessation of Active Practice, death or permanent disability of the Stockholder.

  • In such case, vesting of the Restricted Stock shall be postponed by one year for each year that a Cessation of Active Practice has occurred.

  • Xxxxxxxx) (As to Xx. Xxxxxxx) --------- ------------------ -------------------- ------------------- First 29,591 18,808 29,187 Second 38,625 27,346 38,356 Third 47,658 35,885 47,524 Fourth 56,692 44,423 56,692 In the event that the Restricted Stock does not vest at the end of any year under this Agreement based on Cessation of Active Practice by the Stockholder, the Restricted Stock may nonetheless become vested in any subsequent year in which a Cessation of Active Practice does not occur.

  • In the event of the Cessation of Active Practice by or the death or permanent disability of the Stockholder (the "Forfeiture Event"), the following provisions shall apply.


More Definitions of Cessation of Active Practice

Cessation of Active Practice means a physician Stockholder's failure (other than by reason of death or permanent disability) to engage in the practice of medicine with the Medical Group on a regular basis, including the performance of orthopedic surgical procedures on a regular basis (except in the case of any Stockholder who did not practice surgery on a regular basis immediately prior to the date hereof); provided, however, that if a Stockholder has ceased to conduct his medical practice with the Medical Group, there shall not have been a Cessation of Active Practice within the meaning of this provision if (A) the Stockholder enters into a Management Services Agreement with the Company substantially in the form of the Management Services Agreement entered into by and between the Medical Group and the Company and (B) the Stockholder enters into a new Stockholder Non-Competition Agreement with the Company substantially in the form of the Stockholder Non-Competition Agreement executed by the Stockholder in connection with the Management Services Agreement entered into by and between the Medical Group and the Company."
Sample 1
Cessation of Active Practice means a physician Stockholder's failure (other than by reason of death or permanent disability) to engage in the practice of medicine with the Medical Group on a regular basis, including the performance of orthopedic surgical procedures on a regular basis (except in the case of any Stockholder who did not practice surgery on a regular basis immediately prior to the date hereof).
Sample 1
Cessation of Active Practice means a physician Stockholder's failure (other than by reason of death), throughout any twelve-month period (the "Determination Period") ending on the day before any of the vesting dates described in Section 2(a) hereof, to engage in the practice of medicine with the Medical Group on a regular basis, including the performance of orthopedic surgical procedures on a regular basis (except in the case of any Stockholder who did not practice surgery on a regular basis immediately prior to the date hereof), such that (i) the Stockholder was engaged in patient care activities for less than seventy-five percent (75%) of the time that the Stockholder had been engaged in such activities during the twelve-month period immediately preceding the date hereof, and (ii) the Stockholder generated xxxxxxxx that were less than seventy-five percent (75%) of the amount of xxxxxxxx generated by the Stockholder during the twelve-month period immediately preceding the date hereof. Notwithstanding anything to the contrary contained herein, for purposes of making the determination described in clauses (i) and (ii) above with respect to the Stockholder for any Determination Period, the activities and xxxxxxxx of the Stockholder shall be aggregated with the activities and xxxxxxxx of Dr. Xxxxxx Xxxxx, for so long as Xx. Xxxxx continues to be employed by the Medical Group.
Sample 1

Related to Cessation of Active Practice

  • Active practice means post-licensure practice at the level of licensure for which an applicant is seeking licensure in Virginia and shall include at least 360 hours of practice in a 12-month period.

  • Violent criminal activity means any criminal activity that has as one of its elements the use, attempted use, or threatened use of physical force substantial enough to cause, or be reasonably likely to cause, serious bodily injury or property damage.

  • Unfair labor practice means the commission of an act designated an unfair labor practice

  • Criminal sexual activity means the commission of an act as defined in Section 886 of Title 21 of the Oklahoma Statutes, which is the act of sodomy; and

  • Employment Practices Wrongful Act means any actual or alleged:

  • Intimidating, threatening, abusive, or harming conduct means, but is not limited to, conduct that does the following:

  • Next of kin of a covered servicemember means the nearest blood relative other than the covered servicemember’s spouse, parent, son, or daughter, in the following order of priority: blood relatives who have been granted legal custody of the covered servicemember by court decree or statutory provisions, brothers and sisters, grandparents, aunts and uncles, and first cousins, unless the covered servicemember has specifically designated in writing another blood relative as his or her nearest blood relative for purposes of military caregiver leave under the FMLA. When no such designation is made and there are multiple family members with the same level of relationship to the covered servicemember, all such family members shall be considered the covered servicemember’s next of kin, and the employee may take FMLA leave to provide care to the covered servicemember, either consecutively or simultaneously. When such designation has been made, the designated individual shall be deemed to be the covered servicemember’s only next of kin.

  • Professional employer organization means an employee leasing

  • Violent felony means the same as that term is defined in Section 76-3-203.5.

  • Violent juvenile felony means any of the delinquent acts enumerated in subsection B or C of

  • Serious injury or illness means an Injury or Illness incurred in the line of duty that may render the member of the Armed Forces medically unfit to perform his or her military duties.

  • Catastrophic injury or illness means a life-threatening injury or illness of an employee or a member of an employee's immediate family that totally incapacitates the employee from work, as verified by a licensed physician, and forces the employee to exhaust all leave time earned by that employee, resulting in the loss of compensation from the state for the employee. Conditions that are short-term in nature, including, but not limited to, common illnesses such as influenza and the measles, and common injuries, are not catastrophic. Chronic illnesses or injuries, such as cancer or major surgery, that result in intermittent absences from work and that are long-term in nature and require long recuperation periods may be considered catastrophic.

  • Collaborative practice means that a physician may delegate aspects of drug therapy management for the physician’s patients to an authorized pharmacist through a community practice protocol. “Collaborative practice” also means that a P&T committee may authorize hospital pharmacists to perform drug therapy management for inpatients and hospital clinic patients through a hospital practice protocol.

  • Catastrophic illness or injury means one of the following:

  • Solicitation of a romantic relationship means deliberate or repeated acts that can be reasonably interpreted as the solicitation by an educator of a relationship with a student that is romantic in nature. A romantic relationship is often characterized by a strong emotional or sexual attachment and/or patterns of exclusivity, but does not include appropriate educator-student relationships that arise out of legitimate contexts such as familial connections or longtime acquaintance. The following acts, considered in context, may constitute prima facie evidence of the solicitation by an educator of a romantic relationship with a student:

  • Unsafe or unsound practice means a practice or conduct by a person licensed to engage in money transmission or an authorized delegate of such a person, which creates the likelihood of material loss, insolvency, or dissipation of the licensee’s assets, or otherwise materially prejudices the interests of its customers.

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • Loss of Activities of Daily Living means that, due to an Injury or Sickness, the Insured Employee has lost the ability to safely and completely perform two or more of the following six Activities of Daily Living without another person's active, hands-on help with all or most of the activity.

  • Anti-competitive practice means any collusion, bid rigging or anti- competitive arrangement, or any other practice coming under the purview of the Competition Act, 2002, between two or more bidders, with or without the knowledge of the Bank, that may impair the transparency, fairness and the progress of the procurement process or to establish bid prices at artificial, non- competitive levels;

  • Son or daughter of a covered servicemember means a covered servicemember's biological, adopted, or foster child, stepchild, legal ward, or a child for whom the covered servicemember stood in loco parentis, and who is of any age.

  • Privilege to practice means: an individual's authority to deliver emergency medical services in remote states as authorized under this compact.

  • Drug-related criminal activity means the illegal manufacture, sale, distribution, use, or possession with intent to manufacture, sell, distribute, or use of a controlled substance (as defined in Section 102 or the Controlled Substance Act [21 U.S.C. 802]).

  • Intentional Wrongdoing means an act or omission taken or omitted by a Party with knowledge or intent that injury or damage could reasonably be expected to result.

  • Positive Behavioral Theory and Practice means a proactive approach to individual behavior and behavior interventions that:

  • criminal activity means any kind of criminal involvement in the commission of the following serious crimes:

  • Public employer means the State of Oregon, and the following political subdivisions: