Company Model Sample Clauses

Company Model. A model commonly referred to as the “Company Model” is described in a June 16, 2010, letter from the American Society of Anesthesiologists to the Office of Inspector General of the United States Department of Health and Human Services (the “ASA Letter”). Under this model, a separate group or company is formed, which is owned by some or all of the same individuals who own the ASC (the “Anesthesiology Company”). The Anesthesiology Company contracts to provide anesthesiology services to the ASC, and the Anesthesiology Company hires the anesthesiologists as employees or independent contractors. Income received by the Anesthesiology Company in excess of the compensation paid to the anesthesiologists is distributed to the GI physician owners of the Anesthesiology Company. It should be noted at the outset that, in order to satisfy the corporate practice of medicine requirements under New York law, all of the owners of the Anesthesiology Company must be physicians.11 Assuming this requirement is satisfied, New York, as noted above, permits the sharing of fees between a practice and its employees or independent contractors. Under the safe harbor regulations, payments by the Anesthesiology Company to the anesthesiologists, whether as employees or independent contractors, can be structured to fall within the bona fide employee safe harbor12 or the personal services safe harbor described above. However, the payments from the Anesthesiology Company to its owners would not satisfy any applicable safe harbor. Since the owners of the Anesthesiology Company do not provide services to it, payments to the owners constitute a return on investment in the Anesthesiology Company. Therefore, the payments to the owners would have to qualify either under the safe harbor for investment interests13 or for investments in group practices.14 The investment safe harbor requires, among other things, that no more than 40 percent of the equity interests in the entity be held by investors who are in a position to make referrals. Under the Company Model, all of the investment interests in the Anesthesiology Company are held by physicians who are in a position to make referrals to the Anesthesiology Company. The group practice safe harbor includes a requirement that “the equity interests in the practice or group must be held by licensed health care professionals who practice in the practice or group.” However, as described in the ASA Letter, this requirement would not be satisfied because the ...
Sample 1
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Related to Company Model

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  • Flexible Work Schedule A flexible work schedule is any schedule that is not a regular, alternate, 9/80, or 4/10 work schedule and where the employee is not scheduled to work more than 40 hours in the "workweek" as defined in Subsections F. and H., below.

  • HIV/AIDS Model Workplace Guidelines Grantee will:

  • Flexible Work Schedules (a) Academic Professional staff members throughout the University may have, as indicated below, flexible work schedules. For example, Academic Professionals often travel on University business and/or work evenings and weekends. A flexible work schedule is defined as having established working hours different from the standard 8:00 a.m. to 5:00 p.m. Monday through Friday schedule, to be followed by an employee for an agreed upon period of time.

  • Reporting Model 1 FFI The term Reporting Model 1 FFI means a Financial Institution with respect to which a non-U.S. government or agency thereof agrees to obtain and exchange information pursuant to a Model 1 IGA, other than a Financial Institution treated as a Nonparticipating Financial Institution under the Model 1 IGA. For purposes of this definition, the term Model 1 IGA means an arrangement between the United States or the Treasury Department and a non-U.S. government or one or more agencies thereof to implement FATCA through reporting by Financial Institutions to such non-U.S. government or agency thereof, followed by automatic exchange of such reported information with the IRS.

  • Emergency Mode Operation Plan Contractor must establish a documented plan to enable continuation of critical business processes and protection of the security of electronic DHCS PHI or PI in the event of an emergency. Emergency means any circumstance or situation that causes normal computer operations to become unavailable for use in performing the work required under this Agreement for more than 24 hours.

  • Flexible Schedule a) Repair, renovation and maintenance work for institutional and commercial buildings on which construction is finished: When the client’s re- quirements are such that the entire job cannot be performed within the standard work week, the employer may, further to an agreement with the majority union group, modify the work schedule according to the following terms and conditions:

  • BUSINESS CONTINUITY PLAN The Warrant Agent shall maintain plans for business continuity, disaster recovery, and backup capabilities and facilities designed to ensure the Warrant Agent’s continued performance of its obligations under this Agreement, including, without limitation, loss of production, loss of systems, loss of equipment, failure of carriers and the failure of the Warrant Agent’s or its supplier’s equipment, computer systems or business systems (“Business Continuity Plan”). Such Business Continuity Plan shall include, but shall not be limited to, testing, accountability and corrective actions designed to be promptly implemented, if necessary. In addition, in the event that the Warrant Agent has knowledge of an incident affecting the integrity or availability of such Business Continuity Plan, then the Warrant Agent shall, as promptly as practicable, but no later than twenty-four (24) hours (or sooner to the extent required by applicable law or regulation) after the Warrant Agent becomes aware of such incident, notify the Company in writing of such incident and provide the Company with updates, as deemed appropriate by the Warrant Agent under the circumstances, with respect to the status of all related remediation efforts in connection with such incident. The Warrant Agent represents that, as of the date of this Agreement, such Business Continuity Plan is active and functioning normally in all material respects.

  • Innovative/Flexible Scheduling Where the Hospital and the Union agree, arrangements regarding Innovative Scheduling/Flexible Scheduling may be entered into between the parties on a local level. The model agreement with respect to such scheduling arrangements is set out below: MODEL AGREEMENT WITH RESPECT TO INNOVATIVE SCHEDULING/FLEXIBLE SCHEDULING MEMORANDUM OF AGREEMENT Between: The Hospital - And: The Ontario Public Service Employees Union (and its Local ) This Model Agreement shall be part of the Collective Agreement between the parties herein, and shall apply to the employees described in Article 1 of the Model Agreement.

  • Financial Model 37.1 Unless otherwise agreed between the parties, any amendments to the Financial Model shall reflect, be consistent with and be made only in accordance with the provisions of this Agreement, and shall in all cases be subject to the prior written approval of the Authority (such approval not to be unreasonably withheld or delayed). In the event that the parties fail to agree any proposed amendments to the Financial Model, the matter shall be referred for resolution in accordance with Schedule Part 20 (Dispute Resolution Procedure).

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