MSO Expenses definition

MSO Expenses shall not include:
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MSO Expenses means all operating and non-operating expenses initiated by, and incurred in the operation of, the New PC, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Leonard and all the Orthodontists (if any) ▇▇▇ ▇▇▇▇▇ Practice Providers); (2) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation; (3) Direct costs associated with operating the Orthodontic Offices, including without limitation, utilities, cleaning and maintenance; (4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices; (5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, commencing on the date of this Agreement; (6) In the event an opportunity arises for additional Orthodontists to become employed by the New PC or other orthodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated; (7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement, but excluding any corporate overhead costs of the MSO or any corporation affiliated with the MSO not specifically listed above.
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MSO Expenses means such operating and non-operating expenses incurred by the MSO, and approved by the PC, in performing its services, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the PC hereunder (but excluding Dr. Schneekluth ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ts (if any) and other Practice Providers); (2) Direct costs associated with operating the Orthodontic Offices, including without limitation, utilities, cleaning and maintenance, including maintenance of the interior, exterior and grounds of the Orthodontic offices as provided in the Master Lease; (3) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices; (4) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, including furnishing of a mutually agreed upon orthodontic software package to the PC, commencing on the date of this Agreement; (5) In the event an opportunity arises for additional Orthodontists to become employed by the PC or other orthodontic entities to merge with the PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated; (6) The MSO shall pay for reasonable practice promotion(s), such as advertising, which the MSO and Dr. Schneekluth mutually a▇▇▇▇ ▇▇▇▇; (7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement, but excluding any corporate overhead costs of the MSO or any corporation affiliated with the MSO not specifically listed above.
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Examples of MSO Expenses in a sentence

  • Premiums and deductibles with respect to such policies shall not be MSO Expenses.

  • The MSO shall be responsible for the payment of all MSO Expenses, as defined below, during the term of this Agreement without reimbursement by the New PC, unless otherwise agreed to by the parties hereto.

  • If the MSO Expenses as reflected in such accounting as having been paid by the MSO are less than sixty (60%) percent of the Practice Revenues for such twelve month period, fifty (50%) percent of such difference shall be returned by the MSO to the New PC as a profit incentive rebate (the "Rebate").

  • Deductibles with respect to such policies shall not be MSO Expenses.

  • At the end of each twelve (12) month period during the Term the MSO shall provide the New PC with an unaudited internal accounting of the MSO Expenses, prepared in accordance with the accrual method of accounting.

  • The MSO shall be responsible for the payment of all MSO Expenses, as defined below, during the term of this Agreement without reimbursement by the PC, unless otherwise agreed to by the parties hereto.

  • At the end of each twelve (12) month period during the Term, the MSO shall provide the New PC with an unaudited internal accounting of the MSO Expenses, prepared in accordance with the accrual method of accounting.

  • If the MSO Expenses as reflected in such accounting as having been paid by the MSO are less than fifty (50%) percent of the Practice Revenues for such twelve month period, fifty (50%) percent of such difference shall be returned by the MSO to the New PC as a profit incentive rebate (the "Rebate").

  • The MSO shall be responsible for the payment (whether received pursuant to Section 2.8(b)(2) hereof or from other sources unrelated to the New PC) of all MSO Expenses, as defined below, during the term of this Agreement without reimbursement by the New PC, unless otherwise agreed to by the parties hereto.

  • At the end of each calendar year during the term of this Agreement, the MSO shall provide the New PC with an unaudited internal accounting of MSO Expenses, prepared in accordance with the accrual method of accounting.


More Definitions of MSO Expenses

MSO Expenses means all operating and non- operating expenses incurred in the operation of the PC, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the PC hereunder (but excluding Dr. Villa and all the Orthodontists (if any) an▇ ▇▇▇▇▇ ▇ractice Providers); (i) Salaries, benefits and other direct costs of all employees of the PC (other than Dr. Villa and all the Orthodontists (if any) ▇▇▇ ▇ther Practice Providers), for services provided on and after the commencement date of this Agreement, and (ii) to the extent not paid by OMEGA under the Interim Management Agreement, all such costs of such employees for services provided on and after the commencement date of the Interim Management Agreement and prior to the commencement date of this Agreement, excluding any and all costs of such employees of the PC which are compensation for services rendered by such employees prior to the commencement date of the Interim Management Agreement. To the extent any such excluded costs are paid by OMEGA or the MSO, as the case may be, the MSO shall be entitled to offset such amounts against any amounts to be paid by the MSO to Dr. Villa pursuant to Schedule 3 of this Agreeme▇▇; (3) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Office or in connection with the PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation; (4) Accounts payable of the PC (not including payroll, "Accounts Payable") which have accrued prior to the commencement date of the Interim Management Agreement and which remain unpaid as of the commencement date of this Agreement, but only to the extent that such Accounts Payable do not exceed one- half (1/2) of one "Average" month of Accounts Payable of the PC (the term "Average" shall mean an average of the Accounts Payable of the PC using the last 12 months prior to the end of the month immediately preceding the commencement date of the Interim Management Agreement);
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MSO Expenses means all operating and non-operating expenses incurred in the operation of the New PC, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Gray and all the Endodontists (if any) an▇ ▇▇▇▇▇ Practice Providers); (2) Direct costs of all employees or consultants of the MSO who provide services at the Endodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation; (3) Direct costs associated with operating the Endodontic Offices, including without limitation, utilities, cleaning and maintenance; (4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Endodontic Offices as well as utility expenses relating to the Endodontic Offices; (5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Endodontic Offices, commencing on the date of this Agreement; (6) In the event an opportunity arises for additional Endodontists to become employed by the New PC or other endodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated; (7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement, but excluding any corporate overhead costs of the MSO or any corporation affiliated with the MSO not specifically listed above.
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MSO Expenses means all operating and non-operating expenses incurred in the operation of the New PC, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding ▇▇. ▇▇▇▇▇▇▇▇▇▇▇ and all the Orthodontists (if any) and other Practice Providers); (2) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation; (3) Corporate overhead charges or any other expenses of the MSO or any corporation affiliated with the MSO other than the kind of items listed above; (4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices; (5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, commencing on the date of this Agreement; (6) In the event an opportunity arises for additional Orthodontists to become employed by the New PC or other orthodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated; (7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement.
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MSO Expenses means such operating and non-operating expenses incurred by the MSO in performing its services, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Holt and all ▇▇▇ ▇▇▇▇dontists (if any) and other Practice Providers); (2) Direct costs associated with operating the Endodontic Offices, including without limitation, utilities, cleaning and maintenance, including maintenance of the interior, exterior and grounds of the Endodontic offices as provided in the Master Lease; (3) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Endodontic Offices as well as utility expenses relating to the Endodontic Offices; (4) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Endodontic Offices, commencing on the date of this Agreement; (5) In the event an opportunity arises for additional Endodontists to become employed by the New PC or other endodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
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MSO Expenses means all operating and non-operating expenses incurred in the operation of the New PC, including, without limitation: (1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Longworth and all the Orthodontists (if any) ▇▇▇ ▇▇▇▇▇ ▇ractice Providers); (2) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation; (3) Direct costs associated with operating the Orthodontic Offices, including without limitation, utilities, cleaning and maintenance; (4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices; (5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, commencing on the date of this Agreement; (6) In the event an opportunity arises for additional Orthodontists to become employed by the New PC or other orthodontic entities to merge with the New PC, actual out-of- pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
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Related to MSO Expenses

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Management Expenses means the costs, charges and expenses necessarily and reasonably incurred or to be incurred for the management and maintenance of the Land and the Building and the Common Areas and Facilities therein to be borne by the Owners including the remuneration of the Manager as provided in this Deed;

  • Current Expenses means operating costs other than personal services and shall not

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Parent Expenses (i) costs (including all professional fees and expenses) incurred by any Parent in connection with its reporting obligations under, or in connection with compliance with, applicable laws or applicable rules of any applicable laws or applicable rules of any governmental, regulatory or self-regulatory body or stock exchange, the Senior Unsecured Note Indenture, or any other agreement or instrument relating to Indebtedness of the Borrower or any Subsidiary Guarantor, including in respect of any reports filed with respect to the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, or the respective rules and regulations promulgated thereunder, (ii) an aggregate amount not to exceed $5,000,000 in any fiscal year to permit any Parent to pay its corporate overhead expenses incurred in the ordinary course of business, and to pay salaries or other compensation of employees who perform services for any Parent or for such Parent and the Borrower, provided that ABG allocates such overhead among its Subsidiaries in conformity with clause (vi) of this paragraph, (iii) expenses incurred by any Parent in connection with the acquisition, development, maintenance, ownership, prosecution, protection and defense of its Intellectual Property and associated rights to the extent such Intellectual Property and associated rights relate to the business or businesses of the Borrower or any Subsidiary, (iv) indemnification obligations of any Parent owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements with any such Person, (v) other operational and tax expenses of any Parent attributable to or incurred on behalf of Holdings, the Borrower and its Subsidiaries in the ordinary course of business, including reimbursement obligations under the Letter of Credit Facilities and including obligations in respect of director and officer insurance (including premiums therefor); provided, that all operational and tax expenses of any Parent are deemed to be attributable to or incurred on behalf of the Borrower if the Borrower’s and its Subsidiaries’ activities represent substantially all of the operating activities of such Parent and all of its Subsidiaries and (vi) fees and expenses incurred by any Parent in connection with any offering of Capital Stock or Indebtedness, (x) where the net proceeds of such offering are intended to be received by or contributed or loaned to the Borrower or any Subsidiary Guarantor, or (y) in a prorated amount of such expenses in proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (z) otherwise on an interim basis prior to completion of such offering so long as any Parent shall cause the amount of such expenses to be repaid to the Borrower or the relevant Subsidiary Guarantor out of the proceeds of such offering promptly if completed.