MSO Expenses definition
MSO Expenses shall not include:
MSO Expenses means all operating and non-operating expenses initiated by, and incurred in the operation of, the New PC, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Leonard and all the Orthodontists (if any) ▇▇▇ ▇▇▇▇▇ Practice Providers);
(2) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation;
(3) Direct costs associated with operating the Orthodontic Offices, including without limitation, utilities, cleaning and maintenance;
(4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices;
(5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, commencing on the date of this Agreement;
(6) In the event an opportunity arises for additional Orthodontists to become employed by the New PC or other orthodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
(7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement, but excluding any corporate overhead costs of the MSO or any corporation affiliated with the MSO not specifically listed above.
MSO Expenses means such operating and non-operating expenses incurred by the MSO, and approved by the PC, in performing its services, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the PC hereunder (but excluding Dr. Schneekluth ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ts (if any) and other Practice Providers);
(2) Direct costs associated with operating the Orthodontic Offices, including without limitation, utilities, cleaning and maintenance, including maintenance of the interior, exterior and grounds of the Orthodontic offices as provided in the Master Lease;
(3) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices;
(4) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, including furnishing of a mutually agreed upon orthodontic software package to the PC, commencing on the date of this Agreement;
(5) In the event an opportunity arises for additional Orthodontists to become employed by the PC or other orthodontic entities to merge with the PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
(6) The MSO shall pay for reasonable practice promotion(s), such as advertising, which the MSO and Dr. Schneekluth mutually a▇▇▇▇ ▇▇▇▇;
(7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement, but excluding any corporate overhead costs of the MSO or any corporation affiliated with the MSO not specifically listed above.
Examples of MSO Expenses in a sentence
Premiums and deductibles with respect to such policies shall not be MSO Expenses.
The MSO shall be responsible for the payment of all MSO Expenses, as defined below, during the term of this Agreement without reimbursement by the New PC, unless otherwise agreed to by the parties hereto.
If the MSO Expenses as reflected in such accounting as having been paid by the MSO are less than sixty (60%) percent of the Practice Revenues for such twelve month period, fifty (50%) percent of such difference shall be returned by the MSO to the New PC as a profit incentive rebate (the "Rebate").
Deductibles with respect to such policies shall not be MSO Expenses.
At the end of each twelve (12) month period during the Term the MSO shall provide the New PC with an unaudited internal accounting of the MSO Expenses, prepared in accordance with the accrual method of accounting.
The MSO shall be responsible for the payment of all MSO Expenses, as defined below, during the term of this Agreement without reimbursement by the PC, unless otherwise agreed to by the parties hereto.
At the end of each twelve (12) month period during the Term, the MSO shall provide the New PC with an unaudited internal accounting of the MSO Expenses, prepared in accordance with the accrual method of accounting.
If the MSO Expenses as reflected in such accounting as having been paid by the MSO are less than fifty (50%) percent of the Practice Revenues for such twelve month period, fifty (50%) percent of such difference shall be returned by the MSO to the New PC as a profit incentive rebate (the "Rebate").
The MSO shall be responsible for the payment (whether received pursuant to Section 2.8(b)(2) hereof or from other sources unrelated to the New PC) of all MSO Expenses, as defined below, during the term of this Agreement without reimbursement by the New PC, unless otherwise agreed to by the parties hereto.
At the end of each calendar year during the term of this Agreement, the MSO shall provide the New PC with an unaudited internal accounting of MSO Expenses, prepared in accordance with the accrual method of accounting.
More Definitions of MSO Expenses
MSO Expenses means all operating and non- operating expenses incurred in the operation of the PC, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the PC hereunder (but excluding Dr. Villa and all the Orthodontists (if any) an▇ ▇▇▇▇▇ ▇ractice Providers);
(i) Salaries, benefits and other direct costs of all employees of the PC (other than Dr. Villa and all the Orthodontists (if any) ▇▇▇ ▇ther Practice Providers), for services provided on and after the commencement date of this Agreement, and (ii) to the extent not paid by OMEGA under the Interim Management Agreement, all such costs of such employees for services provided on and after the commencement date of the Interim Management Agreement and prior to the commencement date of this Agreement, excluding any and all costs of such employees of the PC which are compensation for services rendered by such employees prior to the commencement date of the Interim Management Agreement. To the extent any such excluded costs are paid by OMEGA or the MSO, as the case may be, the MSO shall be entitled to offset such amounts against any amounts to be paid by the MSO to Dr. Villa pursuant to Schedule 3 of this Agreeme▇▇;
(3) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Office or in connection with the PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation;
(4) Accounts payable of the PC (not including payroll, "Accounts Payable") which have accrued prior to the commencement date of the Interim Management Agreement and which remain unpaid as of the commencement date of this Agreement, but only to the extent that such Accounts Payable do not exceed one- half (1/2) of one "Average" month of Accounts Payable of the PC (the term "Average" shall mean an average of the Accounts Payable of the PC using the last 12 months prior to the end of the month immediately preceding the commencement date of the Interim Management Agreement);
MSO Expenses means all operating and non-operating expenses incurred in the operation of the New PC, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Gray and all the Endodontists (if any) an▇ ▇▇▇▇▇ Practice Providers);
(2) Direct costs of all employees or consultants of the MSO who provide services at the Endodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation;
(3) Direct costs associated with operating the Endodontic Offices, including without limitation, utilities, cleaning and maintenance;
(4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Endodontic Offices as well as utility expenses relating to the Endodontic Offices;
(5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Endodontic Offices, commencing on the date of this Agreement;
(6) In the event an opportunity arises for additional Endodontists to become employed by the New PC or other endodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
(7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement, but excluding any corporate overhead costs of the MSO or any corporation affiliated with the MSO not specifically listed above.
MSO Expenses means all operating and non-operating expenses incurred in the operation of the New PC, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding ▇▇. ▇▇▇▇▇▇▇▇▇▇▇ and all the Orthodontists (if any) and other Practice Providers);
(2) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation;
(3) Corporate overhead charges or any other expenses of the MSO or any corporation affiliated with the MSO other than the kind of items listed above;
(4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices;
(5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, commencing on the date of this Agreement;
(6) In the event an opportunity arises for additional Orthodontists to become employed by the New PC or other orthodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
(7) Other expenses incurred by the MSO in carrying out its obligations under this Agreement.
MSO Expenses means such operating and non-operating expenses incurred by the MSO in performing its services, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Holt and all ▇▇▇ ▇▇▇▇dontists (if any) and other Practice Providers);
(2) Direct costs associated with operating the Endodontic Offices, including without limitation, utilities, cleaning and maintenance, including maintenance of the interior, exterior and grounds of the Endodontic offices as provided in the Master Lease;
(3) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Endodontic Offices as well as utility expenses relating to the Endodontic Offices;
(4) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Endodontic Offices, commencing on the date of this Agreement;
(5) In the event an opportunity arises for additional Endodontists to become employed by the New PC or other endodontic entities to merge with the New PC, actual out-of-pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;
MSO Expenses means all operating and non-operating expenses incurred in the operation of the New PC, including, without limitation:
(1) Salaries, benefits and other direct costs of all employees of the MSO providing services to the New PC hereunder (but excluding Dr. Longworth and all the Orthodontists (if any) ▇▇▇ ▇▇▇▇▇ ▇ractice Providers);
(2) Direct costs of all employees or consultants of the MSO who provide services at the Orthodontic Offices or in connection with the New PC required for improved clinic performance, such as work management, materials management, purchasing, charge and coding analysis, and business office consultation;
(3) Direct costs associated with operating the Orthodontic Offices, including without limitation, utilities, cleaning and maintenance;
(4) Obligations of the MSO under leases or subleases entered into in connection with the operation of the Orthodontic Offices as well as utility expenses relating to the Orthodontic Offices;
(5) Personal property and intangible taxes assessed against the MSO's assets used in connection with the operation of the Orthodontic Offices, commencing on the date of this Agreement;
(6) In the event an opportunity arises for additional Orthodontists to become employed by the New PC or other orthodontic entities to merge with the New PC, actual out-of- pocket expenses of the MSO personnel working on a specified employment arrangement or merger, whether or not such employment arrangement or merger is consummated;