Excluded Practice Expenses definition

Excluded Practice Expenses means, as determined pursuant to GAAP applied on a consistent basis: (i) any salaries, benefits, payroll taxes, or other distributions made to Group Physician Stockholders, Physician Employees and Physician Extender Employees; (ii) any federal, state or other income taxes applicable to the Group; (iii) all professional related expenses of the physicians, including but not limited to, professional meetings, seminars, dues and subscriptions other than such seminars or meetings that Administrator or Parent requests or requires that any Physician Employees or Physician Extender Employees attend; (iv) all costs and expenses associated with the performance of professional services to or for the benefit of the Group by legal, accounting, investment, financial or other advisors specifically retained by the Group including, without limitation, all such costs and expenses incurred by the Group in connection with the Acquisition; and (v) such other professional expenses incurred by the Practice which are not Practice Expenses or Administrator Expenses.
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Excluded Practice Expenses means, pursuant to GAAP applied on a consistent basis: (i) any salaries or other distributions made to any Dentists or any equity holder of the Practice, whether for professional fee income or otherwise, and any expenses related thereto, including payroll and other taxes associated therewith, (ii) all costs associated with life insurance and profit sharing or pension benefits for any Dentist or any equity holder of the Practice, (iii) any federal, state or local franchise or income taxes applicable to the Practice or any Dentist and the preparation of tax returns for any Dentist, (iv) legal, accounting and other costs incurred by the Practice or any Dentist in connection with the negotiation, preparation of or closing of the transactions contemplated by the Acquisition Agreement, this Agreement or any other document executed in connection herewith or therewith, (v) salaries and benefits and related payroll and other taxes of Practice Professional Employees not included in the Practice operating budget or not otherwise agreed to by Pentegra in the manner set forth in SECTION 5.1(b), and (vi) any other expenses specifically included in "Excluded Practice Expenses" in this Agreement and the expenses set forth on EXHIBIT 1.1(h)(vi).
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Examples of Excluded Practice Expenses in a sentence

  • Administrator shall provide or arrange for the services set forth in this Article III, and the costs, fees, expenses and other disbursements incurred by Administrator or Parent in connection therewith shall be included in Practice Expenses, except to the extent such costs, fees or expenses are expressly included in Excluded Practice Expenses or Administrator Expenses.

  • All comprehensive professional medical/malpractice liability insurance premiums and deductibles shall be included in Practice Expenses; provided, that if the Group elects to maintain coverage that exceeds minimum requirements, such additional premiums shall be included in Excluded Practice Expenses.

  • The Group shall be entitled to an advance from Administrator of such additional sums, over and above the Group's right to the amounts otherwise set forth in this Article VII, as shall be required by the Group to pay Practice Expenses (excluding Technical Expenses) consistent with the annual capital and operating budgets of the Practice (prepared as provided in Section 3.5 hereof), the Service Fee as provided in Exhibit 7.1 hereto and Excluded Practice Expenses at the discretion of Administrator.

  • All costs, expenses and liabilities incurred by the Group in excess of the limits of such policies identified in the preceding sentence shall be included in Excluded Practice Expenses.

  • The legal, accounting and other professional services fees incurred by the Practice in connection with the internal matters of the Practice, the distribution of the fee income among Dentists or equity holders of the Practice and the personal accounting of the Practice and the Dentists and similar internal and personal matters (other than the preparation of Practice tax returns, which cost shall be a Practice Expense) shall be Excluded Practice Expenses.

  • Pentegra shall provide or arrange for the services set forth in this ARTICLE III, and the costs, fees, expenses and other disbursements incurred by Pentegra in connection therewith shall be included in Practice Expenses, except to the extent such costs, fees or expenses are expressly included in Excluded Practice Expenses or Pentegra Expenses.

  • All costs, expenses and liabilities incurred by the Practice, any Dentist or Pentegra in excess of the limits of such policies shall be included in Excluded Practice Expenses.

  • Such salaries, wages, payroll taxes and other such taxes shall be Practice Expenses or Excluded Practice Expenses as set forth in SECTION 1.1 hereof and nothing contained herein shall be construed otherwise.

  • The Practice shall make contributions or payments with respect to the Practice Plan or other Practice employee benefit plans, as a Practice Expense, on behalf of eligible employees of the Practice (other than Dentists, which contributions or payments shall be Excluded Practice Expenses).

  • Administrator shall provide or arrange for the services set forth in this Article III, and the reasonable costs, fees, expenses and other disbursements incurred by Administrator or Parent in connection therewith shall be included in Practice Expenses, except to the extent such costs, fees or expenses are expressly included in Excluded Practice Expenses or Administrator Expenses.