Office Expense. The term “Office Expense” shall mean all direct out-of-pocket operating and non-operating expenses incurred by the Practice or the Professional Business Manager in the provision of Management Services to the Office and shall include all operating and non-operating expenses incurred by the Practice relating to the items set forth in this Section. The Professional Business Manager shall be reimbursed by the Practice for any reasonable Office Expense incurred by the Professional Business Manager in the provision of services to the Practice hereunder, upon request by the Professional Business Manager. Office Expense shall not include any Professional Business Manager Expense, Practice Expense or President Expense or any state, local or federal income or franchise tax. Without limitation, Office Expense shall include the following expenses to the extent relating to the Practice Locations:
Appears in 1 contract
Sources: Professional Business Management Agreement (Eye Care Centers of America Inc)
Office Expense. The term “"Office Expense” " shall mean all direct --------------- out-of-pocket operating and non-operating expenses incurred by the Practice or the Professional Business Manager in the provision of Management Services to the Office and shall include all operating and non-operating expenses incurred by the Practice relating to the items set forth in this Section. The Professional Business Manager shall be reimbursed by the Practice for any reasonable Office Expense incurred by the Professional Business Manager in the provision of services to the Practice hereunder, upon request by the Professional Business Manager. Office Expense shall not include any Professional Business Manager Expense, Practice Expense or President Shareholder Expense or any state, local or federal income or franchise tax. Without limitation, Office Expense shall include the following expenses to the extent relating to the EyeMasters Practice Locations:
Appears in 1 contract
Sources: Professional Business Management Agreement (Eye Care Centers of America Inc)