Common use of Repayment Amount Clause in Contracts

Repayment Amount. Upon signature of this Contract until the start of the Participant’s first day of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ 121,092 plus Compound Interest, calculated starting on the first day of Residency Between the first day of Residency and the last day of the Participant’s Year 1 of Residency. Explanation: Estimate of two years costs of Postgraduate Medical Education ($121,092 per year), plus interest. $242,184 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency Between the first day of Year 2 Residency and the last day of the Participant’s Year 2 of Residency. Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $363,276 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency Between the first day of Year 3 Residency and the last day of the Participant’s Year 3 of Residency. Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest for the remaining $350,000, calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).

Appears in 2 contracts

Samples: Return of Service Contract, Return of Service Contract

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Repayment Amount. Upon signature of this Contract until the start of the Participant’s first day of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ $121,092 plus Compound Interest, calculated starting on the first day of Residency Between the first day of Residency and the last day of the Participant’s Year 1 of Residency. Explanation: Estimate of two years costs of Postgraduate Medical Education ($121,092 per year), plus interest. $242,184 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency Between the first day of Year 2 Residency and the last day of the Participant’s Year 2 of Residency. $363,276 plus Compound Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $363,276 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency Between From the first day of Year 3 Residency and the last day of the Participant’s Year 3 of ResidencyResidency and at any point thereafter. Explanation: Estimate of four three years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $484,368 804,276 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest for the remaining $350,000441,000, calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).

Appears in 2 contracts

Samples: Return of Service Contract, Return of Service Contract

Repayment Amount. Upon signature of this Contract until the start of the Participant’s first day of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ 121,092 plus Compound Interest, calculated starting on the first day of Residency Between the first day of Residency and the last day of the Participant’s Year 1 of Residency. Explanation: Estimate of two years costs of Postgraduate Medical Education ($121,092 per year), plus interest. $242,184 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency Between the first day of Year 2 Residency and the last day of the Participant’s Year 2 of Residency. Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $363,276 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency Between the first day of Year 3 of Residency and the last day of the Participant’s Year 3 of Residency. Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From Between the first day of Year 4 of Residency and at any point thereafterthe last day of the Participant’s Year 4 of Residency. $834,368 Explanation: Estimate of four five years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $605,460 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 5 of Residency From the first day of the Participant’s Year 5 of Residency and at any point thereafter. Explanation: Estimate of five years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $955,460 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 5 of Residency plus Compound Interest for the remaining $350,000, calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).

Appears in 2 contracts

Samples: Return of Service Contract, Return of Service Contract

Repayment Amount. Upon signature of this Contract until the start of the Participant’s first day of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ $121,092 plus Compound Interest, calculated starting on the first day of Residency Between the first day of Residency and the last day of the Participant’s Year 1 of Residency. Explanation: Estimate of two years costs of Postgraduate Medical Education ($121,092 per year), plus interest. $242,184 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency Between the first day of Year 2 Residency and the last day of the Participant’s Year 2 of Residency. Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $363,276 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency Between the first day of Year 3 Residency and the last day of the Participant’s Year 3 of Residency. Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest for the remaining $350,000, calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ 121,092 150,000 plus Compound Interest, Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s Year year 1 of Residency. Explanation: Estimate of two two-years costs of Postgraduate Medical Education ($121,092 per year)Education, plus interestCompound Interest. $242,184 300,000 plus Compound Interest calculated for $121,092, 150,000 of the $300,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 2 of Residency C Between the Participant’s first day of Year 2 Residency and the last day of the Participant’s Year year 2 of Residency. Explanation: Estimate of three three-years costs of Postgraduate Medical Education (at $121,092 per year)Education, plus interestCompound Interest. $363,276 450,000 plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year 3 year 2 of Residency D Between the Participant’s first day of Year 3 Residency and the last day of the Participant’s Year year 3 of Residency. $600,000 plus Compound Interest for $150,000 of the $600,000 Explanation: Estimate of four-years costs of Postgraduate Medical Education, plus Compound Interest. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four four-years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on and liquidated damages in relation to direct and indirect costs to the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs Province associated with the Participant’s breach of the Contract, plus interestCompound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $961,000 plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 3 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 Initial here calculated starting on the first day of Year year 4 of Residency Residency, plus Compound Interest for the remaining $350,000, 361,000 calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. Upon signature of this Contract until the start of the Participant’s first day of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ $121,092 plus Compound Interest, calculated starting on the first day of Residency Between the first day of Residency and the last day of the Participant’s Year 1 of Residency. Explanation: Estimate of two years costs of Postgraduate Medical Education ($121,092 per year), plus interest. $242,184 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency Between the first day of Year 2 Residency and the last day of the Participant’s Year 2 of Residency. $363,276 plus Compound Explanation: Estimate of three years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $363,276 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency Between From the first day of Year 3 Residency and the last day of the Participant’s Year 3 of ResidencyResidency and at any point thereafter. Explanation: Estimate of four three years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $484,368 713,2761 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for the remaining $121,092350,000, calculated starting on the first day date the Participant breaches the Contract 1 If the Psychiatry Participantis a Re-Entry candidate, the associated cost will reflect the total number of Year 4 of Residency years in the Psychiatry Program, which may be less than the amount noted in the Table. From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $834,368 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Compund Interest calculated for $121,092, calculated on the first day of Year 4 of Residency plus Compound Interest for the remaining $350,000, calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. Explanation: Estimate of one one-year cost of Postgraduate Medical Education ($121,092)Education, plus interest. $ 121,092 plus Compound Interest, . $150,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s Year year 1 of Residency. Explanation: Estimate of two two-years costs of Postgraduate Medical Education ($121,092 per year)Education, plus interestCompound Interest. $242,184 300,000 plus Compound Interest calculated for $121,092, 150,000 of the $300,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 2 of Residency C Between the Participant’s first day of Year year 2 of Residency and the last day of the Participant’s Year year 2 of Residency. Explanation: Estimate of three three-years costs of Postgraduate Medical Education (at $121,092 per year)Education, plus interestCompound Interest. $363,276 450,000 plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 3 of Residency D Between the Participant’s first day of Year year 3 of Residency and the last day of the Participant’s Year year 3 of Residency. $600,000 plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 1 of Residency, Explanation: Estimate of four-years costs of Postgraduate Medical Education, plus Compound Interest. plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four four-years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on and liquidated damages in relation to direct and indirect costs to the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs Province associated with the Participant’s breach of the Contract, plus interestCompound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $961,000 plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 3 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 Initial here calculated starting on the first day of Year year 4 of Residency Residency, plus Compound Interest for the remaining $350,000, 361,000 calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

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Repayment Amount. Upon signature of this Contract until the start of the Participant’s first day of Residency. Explanation: Explanation $ 121,092 plus Compound Interest, calculated starting on the first day of Residency Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ 121,092 plus Compound Interest, calculated starting on the first day of Residency Between the Participant’s first day of Residency and the last day of the Participant’s Year 1 of Residency. Explanation: Explanation • Estimate of two years costs of Postgraduate Medical Education ($121,092 per year), plus interest. $242,184 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency Between the first day of Year 2 Residency and the last day of the Participant’s Year 2 of Residency. Explanation: Estimate of three two-years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $363,276 242,184 plus Compound Interest calculated for $121,092, calculated starting on the first day of Year 1 of Residency residency plus Compound Interest calculated for the remaining $121,092, calculated starting on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on residency • From the first day of Year 3 of Residency Between the first day of Year 3 Residency and the last day of the Participant’s Year 3 of Residency. Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: thereafter – Explanation • Estimate of four two-years costs of Postgraduate Medical Education (at $121,092 per year), other costs associated with the Participant’s breach of the Contract, plus interest. $511,184 plus Compound Interest calculated for $121,092121,092 of the $511,184, calculated starting on the first day of Year 1 of Residency residency plus Compound Interest calculated for another $121,092121,092 of the $511,184, calculated starting on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency residency plus Compound Interest for the remaining $350,000269,000, calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. Explanation: Estimate of one one-year cost of Postgraduate Medical Education ($121,092)Education, plus interest. $ 121,092 plus Compound Interest, . $150,000 plus Compound Interest calculated starting on the first day of Residency B Between the Participant’s first day of Residency and the last day of the Participant’s Year year 1 of Residency. Explanation: Estimate of two two-years costs of Postgraduate Medical Education ($121,092 per year)Education, plus interestCompound Interest. $242,184 300,000 plus Compound Interest calculated for $121,092, 150,000 of the $300,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 2 of Residency C Between the Participant’s first day of Year year 2 of Residency and the last day of the Participant’s Year year 2 of Residency. Explanation: Estimate of three three-years costs of Postgraduate Medical Education (at $121,092 per year)Education, plus interestCompound Interest. $363,276 450,000 plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 3 of Residency D Between the Participant’s first day of Year year 3 of Residency and the last day of the Participant’s Year year 3 of Residency. $600,000 plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 1 of Residency, Explanation: Estimate of four-years costs of Postgraduate Medical Education, plus Compound Interest. plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s year 4 of Residency. Explanation: Estimate of four five-years costs of Postgraduate Medical Education, plus Compound Interest. $750,000 plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and the last day of the Participant’s year 5 of Residency. Explanation: Estimate of six-years costs of Postgraduate Medical Education, plus Compound Interest. $900,000 plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for $150,000 of the $900,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 6 of Residency G Between the Participant’s first day of year 6 of Residency and completion of the Return of Service in full. Explanation: Estimate of six-years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on and liquidated damages in relation to direct and indirect costs to the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs Province associated with the Participant’s breach of the Contract, plus interestCompound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $1,261,000 plus Compound Interest calculated for $121,092, 150,000 of the $1,261,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $1,261,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $1,261,000 calculated starting on the first day of Year year 3 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $1,261,000 calculated starting on the first day of Year year 4 of Residency Residency, plus Compound Interest for $150,000 of the $1,261,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for $150,000 of the $1,261,000 Initial here calculated starting on the first day of year 6 of Residency, plus Compound Interest for the remaining $350,000, 361,000 calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ 121,092 150,000 plus Compound Interest, Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s Year year 1 of Residency. Explanation: Estimate of two two-years costs of Postgraduate Medical Education ($121,092 per year)Education, plus interestCompound Interest. $242,184 300,000 plus Compound Interest calculated for $121,092, 150,000 of the $300,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 2 of Residency C Between the Participant’s first day of Year year 2 of Residency and the last day of the Participant’s Year year 2 of Residency. Explanation: Estimate of three three-years costs of Postgraduate Medical Education (at $121,092 per year)Education, plus interestCompound Interest. $363,276 450,000 plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 3 of Residency D Between the Participant’s first day of year 3 of Residency and the last day $600,000 plus Compound Interest for $150,000 of the $600,000 of the Participant’s year 3 of Residency. Explanation: Estimate of four-years costs of Postgraduate Medical Education, plus Compound Interest. calculated starting on the first day of Year year 1 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and the last day of the Participant’s Year 3 year 4 of Residency. Explanation: Estimate of four five-years costs of Postgraduate Medical Education, plus Compound Interest. $750,000 plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for $150,000 of the $750,000 calculated starting on the first day of year 4 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 5 of Residency F Between the Participant’s first day of year 5 of Residency and completion of the Return of Service in full. Explanation: Estimate of five-years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on and liquidated damages in relation to direct and indirect costs to the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs Province associated with the Participant’s breach of the Contract, plus interestCompound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $1,111,000 plus Compound Interest calculated for $121,092, 150,000 of the $1,111,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $1,111,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $1,111,000 calculated starting on the first day of Year year 3 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $1,111,000 calculated starting on the first day of Year year 4 of Residency Residency, plus Compound Interest for $150,000 of the $1,111,000 calculated starting on the first day of year 5 of Residency, plus Compound Interest for the remaining $350,000, 361,000 calculated Initial here starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

Repayment Amount. A Upon signature of this Contract until the start of the Participant’s first day date of Residency. Explanation: Estimate of one year cost of Postgraduate Medical Education ($121,092), plus interest. $ 121,092 150,000 plus Compound Interest, Interest calculated starting on the first day of Residency Explanation: Estimate of one-year cost of Postgraduate Medical Education, plus Compound Interest. B Between the Participant’s first day of Residency and the last day of the Participant’s Year year 1 of Residency. Explanation: Estimate of two two-years costs of Postgraduate Medical Education ($121,092 per year)Education, plus interestCompound Interest. $242,184 300,000 plus Compound Interest calculated for $121,092, 150,000 of the $300,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 2 of Residency C Between the Participant’s first day of Year year 2 of Residency and the last day of the Participant’s Year year 2 of Residency. Explanation: Estimate of three three-years costs of Postgraduate Medical Education (at $121,092 per year)Education, plus interestCompound Interest. $363,276 450,000 plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $450,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest for the remaining $150,000 calculated for $121,092, calculated starting on the first day of Year year 3 of Residency D Between the Participant’s first day of Year year 3 of Residency and the last day $600,000 plus Compound Interest for $150,000 of the $600,000 of the Participant’s Year year 3 of Residency. Explanation: Estimate of four four-years costs of Postgraduate Medical Education, plus Compound Interest. calculated starting on the first day of year 1 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 2 of Residency, plus Compound Interest for $150,000 of the $600,000 calculated starting on the first day of year 3 of Residency, plus Compound Interest for the remaining $150,000 calculated starting on the first day of year 4 of Residency E Between the Participant’s first day of year 4 of Residency and completion of the Return of Service in full. Explanation: Estimate of four-years costs of Postgraduate Medical Education (at $121,092 per year), plus interest. $484,368 plus Compound Interest calculated for $121,092, calculated on and liquidated damages in relation to direct and indirect costs to the first day of Year 1 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 2 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 3 of Residency plus Compound Interest calculated for $121,092, calculated on the first day of Year 4 of Residency From the first day of Year 4 of Residency and at any point thereafter. $834,368 Explanation: Estimate of four years costs of Postgraduate Medical Education (at $121,092 per year), other costs Province associated with the Participant’s breach of the Contract, plus interestCompound Interest. The Repayment Amount is not pro-rated based on partial completion of the Return of Service Term. $961,000 plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 1 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 2 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 calculated starting on the first day of Year year 3 of Residency Residency, plus Compound Interest calculated for $121,092, 150,000 of the $961,000 Initial here calculated starting on the first day of Year year 4 of Residency Residency, plus Compound Interest for the remaining $350,000, 361,000 calculated starting on the date the Participant first breaches the Contract (the amounts “Repayment Amount” column in the table above, including compound interest, that corresponds to the row for the timing of the termination of the Contact is collectively the “Repayment Amount”).

Appears in 1 contract

Samples: Return of Service Contract

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