Examples of MFC Partnership in a sentence
The amounts in the “Annual Incentive Plans” column represent short-term incentive awards paid to Dr. Curd by his MFC Partnership.
Compensation at the MFC Partnership level is not a matter in respect of which the Corporation has approval rights.
Compensation at the MFC Partnership level is not a matter in respect of which the Corporation has approval rights; the Corporation relies on the non-controlling owners of the MFC Partnerships to exercise discipline in the partners’ joint interest on compensation matters at the local level.
Further, the Subco or Holdco will not transfer its partnership interests in the applicable MFC Partnership or, in respect of the MFC Hospital Subcos, transfer Common Shares it receives upon exchange of the Exchangeable Interests, and no membership interests in the Subco or Holdco may be transferred, if such transfer might lead to a violation of the Stark Law.
Ownership Restrictions Each Subco or Holdco, as the case may be, is prohibited from selling or transferring its Retained Interest (other than exchanges of the Exchangeable Interest) in the applicable MFC Partnership without the approval of the board of directors of Medical Facilities Holdings.
Management Services Arrangements pursuant to which management services are provided to any MFC Partnership operate on the terms negotiated by the affected MFC Partnership.
Amendment Each Partnership Agreement for each MFC Partnership provides that it can only be amended, modified or waived with the unanimous approval of the parties thereto.
Blake Curd, CEO of Sioux Falls Specialty Hospital, LLP, an MFC Partnership (as defined below).
Redman, Horrar, Watson, Rolfe and Schario as Dr. Curd’s compensation is not controlled by the Corporation but determined at the MFC Partnership level.
The 2020 amounts in “All Other Compensation” column includes $90,000 paid to Dr. Curd by his MFC Partnership for the provision of management services to MFC Partnership’s holding entity and subsidiary, $49,680 stipend paid to Dr. Curd by his MFC Partnership and$156,000 paid to Dr. Curd by MFH for his services as chief medical officer of the Corporation in accordance with the consulting agreement between Dr. Curd and MFH.