VERO definition
Examples of VERO in a sentence
ATTEST: CITY OF VERO BEACH, FLORIDA By: Printed Name: Printed Name: Title: Title: STATE OF FLORIDA ) COUNTY OF INDIAN RIVER ) The foregoing instrument was acknowledged before me this day of , 20 , by , as , and attested by , as , of the CITY OF VERO BEACH, FLORIDA, a municipal corporation organized under the laws of the State of Florida, on behalf of said municipal corporation, who: ☐ are personally known to me, or ☐ have produced as identification.
In the event that a Physician Owner either dies or becomes Disabled during such thirty-six (36) month period, VERO II, or the applicable Physician Owner, as the case may be, shall be entitled to satisfy the amount owed by transferring to Company an amount of Company common stock having a Fair Market Value equal to the amount owed or paying to Company cash in the amount owed (or a combination thereof).
VERO II shall not enter into any new "employee benefit plan" (as defined in Section 3(3) of the Employment Retirement Income Security Act of 1974, as amended ("ERISA") without the consent of Company.
If VERO II desires to have a new medical service provided at any of the Practice Offices or desires to establish a new clinic, a proposal of such service or the establishment of such new clinic shall be submitted to the Policy Board.
VERO II shall also make all reports and inquiries to the National Practitioners Data Bank and/or any state data bank required by Applicable Law.
Notwithstanding the foregoing, VERO II shall have the authority to arrange for legal and accounting services relating to matters other than day-to-day management of VERO II; such other matters including but not limited to issues relating to VERO II governance issues, compensation of Physician Owners, and issues which arise between VERO II and Company; provided, however, such fees shall be considered Excluded Expenses.
Throughout the term of this Agreement, VERO II shall maintain comprehensive professional liability and worker's compensation insurance for VERO II and all employees of VERO II in amounts approved by the Policy Board.
Company shall consult with VERO II and the Policy Board in the preparation of all budgets.
Upon entering into such new Service Agreement, the terminating Physician Owner shall, except as limited by separate employment agreements between VERO II and Physician Owners, be released from any obligation under this Service Agreement.
Company shall not enter into any transaction or series of transactions, whether or not related or in the ordinary course of business, with any Affiliate of VERO II or Company, other than on terms and conditions substantially as favorable to Company as would be obtainable by Company at the time in a comparable arm's-length transaction with a person not an Affiliate.