Common use of New Medical Services and Additional Practice Offices Clause in Contracts

New Medical Services and Additional Practice Offices. If VERO II desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board. Should the Policy Board approve the expansion of service or the establishment of such new clinic, Company, at its option, shall have the exclusive right to provide services necessary to support VERO II in VERO II's delivery of such new medical services at the Practice Office or new clinic, as applicable; provided, however, if the type of service is an ancillary service that would be improper under any rules, regulations or laws for Company to offer to VERO II patients, then Company shall not have the option to provide such service. Should Company decline to provide the necessary support service for the new service or new clinic, VERO II shall be entitled to perform such service at VERO II's own expense and the revenues therefrom shall not be included in the calculation of Company's service fees under Article VIII of this Agreement; provided, however, that Company shall have the option to assume performance of the necessary support services for providing such new service or new clinic by buying out VERO II's investment in the service at VERO II's Book Value at anytime within eighteen (18) months of the date such new service is first provided, which Book Value shall be based on the price of the assets purchased by VERO II less depreciation accrued to the date of acquisition of such service by Company, as determined under GAAP.

New Medical Services and Additional Practice Offices. If VERO II GCOA desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board. Should the Policy Board approve the expansion of service or the establishment of such new clinic, Company, at its option, shall have the exclusive right to provide services necessary to support VERO II GCOA in VERO IIGCOA's delivery of such new medical services at the Practice Office or new clinic, as applicable; provided, however, if the type of service is an ancillary service that would be improper under any rules, regulations or laws for Company to offer to VERO II GCOA patients, then Company shall not have the option to provide such service. Should Company decline to provide the necessary support service for the new service or new clinic, VERO II GCOA shall be entitled to perform such service at VERO IIGCOA's own expense and the revenues therefrom shall not be included in the calculation of Company's service fees under Article VIII of this Agreement; provided, however, that Company shall have the option to assume performance of the necessary support services for providing such new service or new clinic by buying out VERO IIGCOA's investment in the service at VERO IIGCOA's Book Value at anytime within eighteen (18) months of the date such new service is first provided, which Book Value shall be based on the price of the assets purchased by VERO II GCOA less depreciation accrued to the date of acquisition of such service by Company, as determined under GAAP.

New Medical Services and Additional Practice Offices. If VERO II ROAII desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board. Should the Policy Board approve the expansion of service or the establishment of such new clinic, Company, at its option, shall have the exclusive right to provide services necessary to support VERO II ROAII in VERO IIROAII's delivery of such new medical services at the Practice Office or new clinic, as applicable; provided, however, if the type of service is an ancillary service that would be improper under any rules, regulations or laws for Company to offer to VERO II ROAII patients, then Company shall not have the option to provide such service. Should Company decline to provide the necessary support service for the new service or new clinic, VERO II ROAII shall be entitled to perform such service at VERO IIROAII's own expense and the revenues therefrom shall not be included in the calculation of Company's service fees under Article VIII of this Agreement; provided, however, that Company shall have the option to assume performance of the necessary support services for providing such new service or new clinic by buying out VERO IIROAII's investment in the service at VERO IIROAII's Book Value at anytime within eighteen (18) months of the date such new service is first provided, which Book Value shall be based on the price of the assets purchased by VERO II ROAII less depreciation accrued to the date of acquisition of such service by Company, as determined under GAAP.