Practice Transition and Associate Selection Sample Clauses

Practice Transition and Associate Selection. Xx. Xxxxxxx and the Orthodontists (if any) shall keep the MSO informed of retirement goals on an ongoing basis. Upon request of the New PC, the MSO will conduct a search for an appropriate orthodontist and other professionals (collectively, "Practice Associates") for the purposes of accommodating practice growth, reducing doctor work schedule, or planned retirement. Such search shall include use by the MSO of a national journal advertising program and networking in the profession to locate appropriate Practice Associates. The MSO estimates that it could take approximately two years for such a search. The MSO will provide screening of all applicants and will then present appropriate applicants for final selection by the New PC. The New PC shall be responsible for interviewing and selecting each Practice Associate. After the Practice Associate(s) is (are) selected by the New PC, the MSO will assist the New PC with a trial plan of approximately six months for the new Practice Associate(s). It is understood that at the end of this period either the New PC or the new Practice Associate may terminate the relationship. All such Practice Associates recruited by the MSO as may be accepted by the New PC shall be employees of the Practice (if so employed) and not of the MSO. The MSO will confer with the New PC on an appropriate salary/work-in arrangement for the new Practice Associate and the final arrangements shall be determined by the New PC.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Practice Transition and Associate Selection. Dr. Whitaker and the Orxxxxxxxxxxx (if any) shall keep the MSO informed of retirement goals on an ongoing basis; provided, however, that Dr. Whitaker shall, at x xxxxxxx, xontinue as a full time employee of the New PC, actively engaged in the practice of orthodontics, for a period of three (3) years following the date of this Agreement. Dr. Whitaker may, after x xxxxxx xx xhree (3) years following the date of this Agreement, notify the MSO of his intent to retire. Upon receiving such notice, the MSO shall have a period of two (2) years to conduct a search for an appropriate Orthodontist and other professionals (collectively, "Practice Associates") who will assume the MSO Agreement. Such search shall include use by the MSO of a national journal advertising program and networking in the profession to locate appropriate Practice Associates. If at the end of such two (2) year period the MSO has been unable to find a replacement who will undertake the practice and the MSO Agreement, then the MSO and Dr. Whitaker shall work xxxxxxxx xxx a period of one (1) year to find an Orthodontist who will purchase the practice valued as if it were a traditional (i.e. not operated with a MSO) practice holding both the clinical and non-clinical assets. At the end of such one (1) year period, the MSO shall sell the practice to the highest offer made by a bona fide purchaser. The MSO will provide screening of all applicants and will then present appropriate applicants for final selection by the New PC. The New PC shall be responsible for interviewing and selecting each Practice Associate. After the Practice Associate(s) is (are) selected by the New PC, the MSO will assist the New PC with a trial plan of approximately six months for the new Practice Associate(s). It is understood that at the end of this period either the New PC or the new Practice Associate may terminate the relationship. All such Practice Associates recruited by the MSO as may be accepted by the New PC shall be employees of the Practice (if so employed) and not of the MSO. The MSO will confer with the New PC on an appropriate salary/work-in arrangement for the new Practice Associate and the final arrangements shall be determined by the New PC.
Sample 1See All (4)
Practice Transition and Associate Selection. Dr. Feldman and the Orthodontists (if any) xxxxx xxxx the MSO informed of retirement goals on an ongoing basis. Upon request of the PC, the MSO will conduct a search for an appropriate orthodontist and other professionals (collectively, "Practice Associates") for the purposes of accommodating practice growth, reducing doctor work schedule, or planned retirement. Such search shall include use by the MSO of a national journal advertising program and networking in the profession to locate appropriate Practice Associates. The MSO estimates that it could take approximately two years for such a search. The MSO will provide screening of all applicants and will then present appropriate applicants for final selection by the PC. The PC shall be responsible for interviewing and selecting each Practice Associate. After the Practice Associate(s) is (are) selected by the PC, the MSO will assist the PC with a trial plan of approximately six months for the new Practice Associate(s). It is understood that at the end of this period either the PC or the new Practice Associate may terminate the relationship. All such Practice Associates recruited by the MSO as may be accepted by the PC shall be employees of the Practice (if so employed) and not of the MSO. The MSO will confer with the PC on an appropriate salary/work-in arrangement for the new Practice Associate and the final arrangements shall be determined by the PC.
Sample 1
Practice Transition and Associate Selection. Dr. Gray and the Endodontixxx (xx any) shall keep the MSO informed of retirement goals on an ongoing basis; provided, however, that Dr. Gray shall continue as x xxxx time employee of the New PC, actively engaged in the practice of endodontics, for a period of not less than five (5) years following the date of this Agreement. Upon request of the New PC, the MSO will conduct a search for an appropriate endodontist and other professionals (collectively, "Practice Associates") for the purposes of accommodating practice growth, reducing doctor work schedule, or planned retirement. Such search shall include use by the MSO of a national journal advertising program and networking in the profession to locate appropriate Practice Associates. The MSO estimates that it could take approximately two years for such a search. The MSO will provide screening of all applicants and will then present appropriate applicants for final selection by the New PC. The New PC shall be responsible for interviewing and selecting each Practice Associate. After the Practice Associate(s) is (are) selected by the New PC, the MSO will assist the New PC with a trial plan of approximately six months for the new Practice Associate(s). It is understood that at the end of this period either the New PC or the new Practice Associate may terminate the relationship. All such Practice Associates recruited by the MSO as may be accepted by the New PC shall be employees of the Practice (if so employed) and not of the MSO. The MSO will confer with the New PC on an appropriate salary/work-in arrangement for the new Practice Associate and the final arrangements shall be determined by the New PC.
Sample 1

Related to Practice Transition and Associate Selection

  • PROVISION OF INVESTMENT SUB-ADVISORY SERVICES The Sub-Advisor shall have the sole and exclusive responsibility for the making of all investment decisions for the Portfolio, including purchase, retention and disposition of securities, and shall take such action as may be necessary to implement the same. The Sub-Advisor shall make such decisions in accordance with the fundamental policies, investment objectives, and investment restrictions of the Fund as set forth in the Prospectus, as from time to time amended, and in the Investment Guidelines attached hereto as Exhibit A (the “Guidelines”), subject to the supervision and review of the Advisor and the Board of Trustees. For the purpose of complying with Rule 10f-3(a)(6)(ii), Rule 12d3-1(c)(3)(ii), Rule 17a-10(a)(2) and Rule 17e-1(d)(2) under the 1940 Act, the Sub-Advisor hereby agrees that: (i) with respect to transactions in securities or other assets for the Fund, it will not consult with any other sub-advisor to the Fund, or with any sub-advisor that is principal underwriter for the Fund or an affiliated person of such principal underwriter; (ii) with respect to transactions in securities or other assets for the Fund, it will not consult with any sub-advisor to a separate series of the Trust for which the Advisor serves as investment advisor, or with any sub-advisor the Fund that is a principal underwriter to the Fund or an affiliated person of such principal underwriter; and (iii) its responsibility in providing investment advisory services to the Fund shall be limited solely to that portion of the Fund’s portfolio designated by the Advisor. The Sub-Advisor will, at its own expense:

  • Administrative and Accounting Services The Administrator shall perform or supervise the performance by others of other administrative services in connection with the operations of the Portfolios, and, on behalf of the Trust, will investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Portfolios' operations. The Administrator shall provide the Trustees of the Trust with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance by any investment adviser or sub-adviser of its responsibilities. The Administrator may appoint a sub-administrator to perform certain of the services to be performed by the Administrator hereunder. The Administrator shall provide the Trust with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Trustees' meetings) for handling the affairs of the Portfolios and such other services as the Trustees may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Trust's Board of Trustees (the "Trustees"), the Administrator shall make reports to the Trustees concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, the Administrator shall:

  • Investment Sub-Advisory Services Sub-Adviser shall serve as investment sub-adviser and shall supervise and direct the investments of each series of Penn Series listed on Exhibit A attached hereto (each, a “Fund”), as such Exhibit may be amended by mutual agreement of the parties hereto, and to exercise all rights incidental to ownership in accordance with the investment objectives, program and restrictions applicable to the Fund as provided in Penn Series’ Prospectus and Statement of Additional Information (“SAI”), as amended from time to time, and such other limitations as may be imposed by law or as Penn Series or Adviser may impose with notice in writing to Sub-Adviser. To enable Sub-Adviser to fully exercise its discretion, Adviser hereby appoints Sub-Adviser as agent and attorney-in-fact for the Fund with full power and authority to buy, sell and otherwise deal in securities and contracts for the Fund. No investment will be made by Sub-Adviser for the Fund if the investment would violate the investment objectives, investment restrictions or limitations of the Fund set out in the Prospectus and the SAI delivered to the Sub-Adviser and as may be amended and delivered to Sub-Adviser in the future. Sub-Adviser shall not take custody of any assets of Penn Series, but shall issue settlement instructions to the custodian designated by Penn Series (the “Custodian”). Sub-Adviser shall, in its discretion, obtain and evaluate such information relating to the economy, industries, businesses, securities markets and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund in a manner consistent with the investment objectives of the Fund. In furtherance of this duty, Sub-Adviser, as agent and attorney-in-fact with respect to Adviser and Penn Series, is authorized, in its discretion and without prior consultation with Adviser or Penn Series, to:

  • Administrative Services Agreement The Administrative Services Agreement has been duly authorized, executed and delivered by the Company and is a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • Continuance of Employment/Service Required; No Employment/Service Commitment The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

  • Initial Advance to Each Designated Subsidiary The obligation of each Lender to make an initial Advance to each Designated Subsidiary is subject to the receipt by the Agent on or before the date of such initial Advance of each of the following, in form and substance reasonably satisfactory to the Agent and dated such date:

  • OTHER INVESTMENT ACTIVITIES OF THE SUB-ADVISER The Fund acknowledges that the Sub-Adviser or one or more of its affiliated persons may have investment responsibilities or render investment advice to or perform other investment advisory services for other individuals or entities and that the Sub-Adviser, its affiliated persons or any of its or their directors, officers, agents or employees may buy, sell or trade in any securities for its or their own respective accounts ("Affiliated Accounts"). Subject to the provisions of Section 7(b) hereof, the Fund agrees that the Sub-Adviser or its affiliated persons may give advice or exercise investment responsibility and take such other action with respect to other Affiliated Accounts which may differ from the advice given or the timing or nature of action taken with respect to the Series Account, provided that the Sub-Adviser acts in good faith, and provided further, that it is the Sub-Adviser's policy to allocate, within its reasonable discretion, investment opportunities to the Series Account over a period of time on a fair and equitable basis relative to the Affiliated Accounts, taking into account the investment objective and policies of the Series and any specific investment restrictions applicable thereto. The Fund acknowledges that one or more of the Affiliated Accounts may at any time hold, acquire, increase, decrease, dispose of or otherwise deal with positions in investments in which the Series Account may have an interest from time to time, whether in transactions which involve the Series Account or otherwise. The Sub-Adviser shall have no obligation to acquire for the Series Account a position in any investment which any Affiliated Account may acquire, and the Fund shall have no first refusal, co-investment or other rights in respect of any such investment, either for the Series Account or otherwise.

  • Administrative Service and Distribution Plans The Trustees may, on such terms and conditions as they may in their discretion determine, adopt one or more plans pursuant to which compensation may be paid directly or indirectly by the Trust for Shareholder servicing, administration and/or distribution services with respect to one or more Series or Classes including without limitation, plans subject to Rule 12b-1 under the 1940 Act, and the Trustees may enter into agreements pursuant to such plans.

  • Sole and Absolute Discretion; Cooperation (a) Parent shall, in its sole and absolute discretion, determine the terms of the Distribution, including the form, structure and terms of any transaction(s) and/or offering(s) to effect the Distribution and the timing and conditions to the consummation of the Distribution. In addition, Parent may, at any time and from time to time until the consummation of the Distribution, modify or change the terms of the Distribution, including by accelerating or delaying the timing of the consummation of all or part of the Distribution. Nothing shall in any way limit Parent’s right to terminate this Agreement or the Distribution as set forth in Article IX or alter the consequences of any such termination from those specified in Article IX.

  • Services and Duties of Investment Sub-Adviser Subject to the general supervision and oversight of the Adviser and the Board of Trustees of the Trust (the “Board”), the Sub-Adviser will:

Time is Money Join Law Insider Premium to draft better contracts faster.