Physician Expenses definition

Physician Expenses is defined in Section 4.1 of this Agreement.
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Physician Expenses means interest on debts of Practice approved by the Policy Board (exclusive however of principal and interest due with respect to the Bank Loan) and Professional Compensation paid by Practice as set forth in Section 6.3 and paid by Practice to, independent contractors providing professional services for or on behalf of the Practice, exclusive in all events, however, of Professional Compensation paid by Practice with respect to any Physician Shareholder. It is acknowledged and agreed, however, that the following expenses to the extent not provided otherwise in Section 6.10(f) (collectively, "Extra Expenses") shall not constitute Physician Expenses and shall instead by paid by the Physician Shareholders out of Practice Surplus: (i) all contributions allocable to any participant under any pension or profit-sharing plan qualified under Section 401(a) of the Code sponsored or maintained by the Practice to the extent provided in Section 6.10; (ii) all costs relating to sponsoring, maintaining, and operating any other employee benefit plan, program, or arrangement, such as a group health plan or other welfare benefit program, sponsored or maintained by the Practice to the extent provided in Section 6.10; (iii) all administrative expenses incurred by the Practice in sponsoring, maintaining, and operating any plan, program, or arrangement as set forth above in (i) or (ii) to the extent provided in Section 6.10; (iv) expenses of the Practice listed on Schedule 2.16; (v) all accounts payable of Pima Heart Associates, P.C. in excess of $30,000.00 and arising prior to the Closing Date as set forth in Section 5.06 of the Share Exchange Agreement; and (vi) the accrued pension plan contributions in an amount of at least $135,921.00 as shown on Schedule 5.06 to the Share Exchange Agreement.
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Physician Expenses means all of the costs to operate the Clinic in accordance with the Annual Budget or as otherwise approved pursuant to the terms hereof other than Manager Expenses, including but not limited to those expenses to be paid by Practice as set forth in Section 3.1, Section 5.4, Section 6.3, exclusive in all events, however, of all direct and indirect compensation, benefits and bonuses paid by Practice on account of or to any Physician Shareholder or any amounts paid by Practice pursuant 5 to an Independent Contractor Agreement, any income taxes, and interest payments on any loans made to Practice pursuant to Section 5.8 of the Master Transaction Agreement. In addition, Physician Expenses also shall not include (i) any costs incurred by Practice in connection with the collection of fees that are not included in Net Practice Revenues, (ii) any costs or expenses relating to periods ending prior to October 1, 1996, (iii) any costs or expenses relating to negotiating or entering into this Agreement, the Master Transaction Agreement, or any other agreement under the Master Transaction Agreement, including any legal or accounting fees associated therewith, (iv) any costs or expenses connected with the preparation, maintenance or operation of any Independent Contractor Agreement or connected with any Associated PA, (v) any costs or expenses relating to the merger or reorganization of Heart Clinic, Inc. and Heart Clinic, P.A., (vi) any costs or expenses, including rental payments, made to any Physician Shareholder or relative of any Physician Shareholder, or any entity in which a Physician Shareholder or his relative owns any type of interest to the extent such costs or expenses are in excess of the reasonable fair market value of what Practice is receiving in the transaction being reviewed, (vii) any expenses of Practice or any other entity or person for or relating to qualified or nonqualified retirement plans, or (viii) any expenses, costs, interest, penalties or liabilities relating to or associated with payroll taxes or withholdings involving Physician Shareholders.
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Examples of Physician Expenses in a sentence

  • The term "Physician Expenses" is defined in Section 4.1 of this Agreement.

  • An amount equal to the excess of Net Practice Revenues over Practice Expenses will be transferred by Manager to Practice and used by Practice to pay Physician Expenses on such 15th day.

  • Manager will transfer pursuant to Section 5.1 an amount equal to the excess of Net Practice Revenues over Practice Expenses by the 25th day of each month with respect to the preceding calendar month to an account designated by Practice from which Practice will pay Physician Expenses and for any other purposes Practice may determine from time to time.

  • Such budget shall separately address Physician Expenses, Manager Expenses and Practice Surplus which shall be in line with historical expenses of Practice and which are reasonable and customary for Practice and shall include reasonable reserves for the repayment of principal on all borrowings of Practice.

  • As of the Closing Date, Cancer Care shall assume all outstanding liabilities related to the Practice or the Purchased Assets, including any and all liabilities of Response relating to the Practice and all Practice expenses going-forward, including without limitation Clinic Expenses, Physician Expenses and any other related or similar practice expenses but excluding any liabilities otherwise assumed by Response in this Agreement and liabilities for Inventory.

  • Manager shall, on behalf of Practice, order and purchase inventory and supplies, and such other ordinary, necessary or appropriate materials of a quality consistent with the past and customary course of conduct and manner of operating Practice, the cost of which shall be Physician Expenses.

  • If reasonably necessary, Manager will use its reasonable efforts to arrange for a third party commercial lender to provide a working capital line of credit to Practice in excess of that amount, to enable Manager or Practice as provided herein, to pay Manager Expenses, Physician Expenses, Management Fee and Practice Surplus when due (subject however to the obligation to repay agreed upon working capital advances or other third party financing) and in accordance with the Annual Budget.

  • Notwithstanding the foregoing, the Center shall assume all accrued Physician Expenses as of the Closing Date, including those amounts accrued prior to the Reconciliation Period.

  • In addition, the parties agree that for the purposes of the foregoing calculation, post-petition Clinic Expenses (incurred after December 31, 2001), Physician Expenses and Capital Expenditures will be deemed paid once a check is processed and mailed by Response (or wire-transfer is sent) relating to such expenses and such expenses will continue to be the responsibility of Response after the Closing if such expenses are included in the Final Reconciliation pursuant to Sections 6(a)(iii) or (v).

  • Such budget shall separately address Physician Expenses, Manager Expenses, Practice Surplus, and Capital Expenditures.


More Definitions of Physician Expenses

Physician Expenses means interest on debts of Practice approved by the Policy Board and compensation paid by Practice to any employee of Practice who is not a physician, exclusive in all events, however, of compensation, benefits, bonuses and any other expenses historically categorized or treated by Practice as optional expenses ("Optional Expenses") paid by Practice to or on behalf of any of its physicians including both those who are and are not Physician Shareholders. It is acknowledged and agreed, however, that the following expenses to the extent not provided otherwise in Section 6.10(f) (collectively, "Extra Expenses") shall not constitute Physician Expenses and shall instead be paid out of Practice Surplus: (i) all contributions allocable to any participant under any pension or profit-sharing plan qualified under Section 401(a) of the Internal Revenue Code sponsored or maintained by the Practice to the extent provided under Section 6.10; (ii) all costs relating to sponsoring, maintaining, and operating any other employee benefit plan, program, or arrangement, such as a group health plan or other welfare benefit program, sponsored or maintained by the Practice to the extent provided in Section 6.10; (iii) all administrative expenses incurred by the Practice in sponsoring, maintaining, and operating any plan, program, or arrangement as set forth above in (i) or (ii) to the extent provided in Section 6.10.
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Related to Physician Expenses

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Health care expenses means, for purposes of Section 14, expenses of health maintenance organizations associated with the delivery of health care services, which expenses are analogous to incurred losses of insurers.

  • Dependent Care Expenses means employment-related expenses incurred on behalf of a person who meets the requirements to be a "Qualifying Individual," as defined in the first bulleted item below. All of the following conditions must be met for such expenses to qualify as Dependent Care Expenses that are eligible for reimbursement:

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Preservation Expenses Expenditures made by the Servicer in connection with a foreclosed Home Equity Loan prior to the liquidation thereof, including, without limitation, expenditures for real estate property taxes, hazard insurance premiums, property restoration or preservation.

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

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

  • Transfer expenses means all expenses of a transfer that the transfer agreement requires the payee to pay or have deducted from the gross advance amount, including, but not limited to, court filing fees, attorney fees, escrow fees, lien recordation fees, judgment and lien search fees, finders' fees, commissions, and other payments to a broker or other intermediary. Transfer expenses do not include preexisting obligations of the payee that are payable for the payee's account from the proceeds of a transfer.

  • 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.

  • Distribution Expenses means, with respect to all rights granted to LGF hereunder, one hundred percent (100%) of the aggregate of all actual, direct, out-of-pocket, third xxxxx costs expended or incurred by LGF in direct connection with the distribution and exploitation of the Picture throughout the Territory in all media, including, without limitation, all DLT Creation Costs, and all conversion, manufacturing, duplication, shipping, marketing, advertising, promotion and publicity costs, and all costs to complete Delivery of the Picture (to the extent (i) LGF elects to cure any failure of Grantor to complete Delivery of the Picture in accordance with the Delivery Schedule and/or (ii) LGF is required to take "access" to any Delivery Materials pursuant to the Delivery Schedule; and/or fiii) Grantor is not required to deliver such elements under the Delivery Schedule). "The Night of the Dead 3D" DM.03

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

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

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Company Expenses has the meaning provided in Section 8.3.

  • Parent Expenses means (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 governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other agreement or instrument relating to Indebtedness of the Company or any Restricted Subsidiary, including in respect of any reports filed with respect to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder, (ii) 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 both such Parent and the Company, (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 (including but not limited to trademarks, service marks, trade names, trade dress, patents, copyrights and similar rights, including registrations and registration or renewal applications in respect thereof; inventions, processes, designs, formulae, trade secrets, know-how, confidential information, computer software, data and documentation, and any other intellectual property rights; and licenses of any of the foregoing) to the extent such intellectual property and associated rights relate to the business or businesses of the Company or any Subsidiary thereof, (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 incurred on behalf of the Company in the ordinary course of business, including obligations in respect of director and officer insurance (including premiums therefor); it being understood for purposes of this definition, that all operational and tax expenses of any Parent are deemed to be incurred on behalf of the Company if the Company’s activities represent substantially all of the operating activities of any 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 Company or a Restricted Subsidiary, 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 Company or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting, and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Reasonable Expenses means the reasonable expenses of Employees or Personnel, as the case may be, for which those Employees or Personnel may be reimbursed under the Operator’s usual expense account practice, as accepted by the Management Committee; including without limiting generality, any relocation expenses necessarily incurred in order to properly staff the Mining Operations if the relocation is approved by the Management Committee.

  • Cash Expenses means, for any period, the Operating Expenses for the operation of the Property for such period or accrued and payable in such period, as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred or accrued for such period by Borrower, less any payments into the Tax and Insurance Escrow Fund.