Practice income definition

Practice income means net income (or loss) before tax that Plaintiff would have earned and “continuing normal operating expenses, including payroll.”
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Practice income means total receipts (after deductions for expenses and costs made in accordance with this chapter) from patient care fees generated by a full-time faculty member covered under this plan from the performance of patient care services.
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Examples of Practice income in a sentence

  • Physician also agrees to comply with the rules, regulations, policies and procedures of University; the Department(s) of appointment; and the Medical Practice Income Plan ("MPIP"); and, to meet his/her responsibility faithfully and industriously in the provision of medical care, clinical services, research and educational activities as directed by University.

  • The Private Practice Income Allowance prescribed in PSAAG of 2013 was rolled into the Arrangement A Salary in the Replaced Industrial Agreement.

  • This Note also creates a first lien on and grants a security interest in all of the Company’s (including its subsidiaries, Medical Practice Income, Inc.

  • Compensation in addition to salary, i.e., augmentation/special augmentation, also referred to as bonuses, from the Medical Practice Income Plan (MPIP) is discretionary as set forth in the MPIP Bylaws and Departmental policies in effect at that time.

  • Physician also agrees to comply with the rules, regulations, policies and procedures of the University; the Department(s) of appointment; and the Medical Practice Income Plan (MPIP); and, to meet his/her responsibility faithfully and industriously in the provision of medical care and clinical services.

  • In PSAAG 1 of 2017 the Arrangement A Aggregate Salary rate prescribed, applicable from 1 October 2016 in Schedule 1 – Table 1, has been calculated by adding the Arrangement A Private Practice Income Allowance rate prescribed in Clause 28 (Private Practice Arrangement A) of the Replaced Industrial Agreement to the 90% of the base salary for a full-time Consultant Year 9 prescribed in Schedule 1, Table 2 of the Replaced Industrial Agreement at 1 October 2015 and applying a 1.5% increase to the derived rate.

  • In PSAAG 1 of 2017 the Arrangement A Aggregate Salary rate prescribed, applicable from 1 October 2016 in Schedule 1 – Table 1, was calculated by adding the Arrangement A Private Practice Income Allowance rate prescribed in Clause 28 (Private Practice Arrangement A) of the Replaced Industrial Agreement to 105% of the base salary for a full-time Consultant Year 9 prescribed in Schedule 1, Table 2 of the Replaced Industrial Agreement at 1 October 2015 and applying a 1.5% increase to the derived rate.

  • In PSAAG 1 of 2017 the Arrangement A Aggregate Salary rate prescribed, applicable from 1 October 2016 in Schedule 1 – Table 1, has been calculated by adding the Arrangement A Private Practice Income Allowance rate prescribed in Clause 28 (Private Practice Arrangement A) of the Replaced Industrial Agreement to 100% of the base salary for a full-time Consultant Year 9 prescribed in Schedule 1, Table 2 of the Replaced Industrial Agreement at 1 October 2015 and applying a 1.5% increase to the derived rate.

  • In PSAAG 1 of 2017 the Arrangement A Aggregate Salary rate prescribed, applicable from 1 October 2016 in Schedule 1 – Table 1, has been calculated by adding the Arrangement A Private Practice Income Allowance rate prescribed in Clause 28 (Private Practice Arrangement A) of the Replaced Industrial Agreement to 80% of the base salary for a full-time Consultant Year 9 prescribed in Schedule 1, Table 2 of the Replaced Industrial Agreement at 1 October 2015 and applying a 1.5% increase to the derived rate.

  • Because of a need to provide quality health care to the community and other benefits to Hospital of Physician becoming a member of its medical staff, Hospital agrees to underwrite Physician's Net Practice Income during the term of this Agreement.