Discretionary Expenses definition

Discretionary Expenses means all Operating Expenses that are not Non-Discretionary Expenses.

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Discretionary Expenses means the following expenses that may be paid from the Awards Pool:

Discretionary Expenses means, during the Fiscal Period ended ---------------------- December 31, 1996, any increase in actual staffing or other expenses, including Physician Pod Practice Expenses, above the levels set forth in Appendix D to this Agreement, subject to adjustment in successive Fiscal Periods pursuant to approval by the Joint Policy Board as part of the budgetary process contemplated in Appendix A to the form of Employment Agreement attached hereto. With respect to any Fiscal Period commencing after December 31, 1996, Discretionary Expenses means any personnel, operating and other expenses, including Physician Pod Practice Expenses, over and above the standard levels developed by the Joint Policy Board and approved by PQC and included in a Pod's annual operating budget, as adjusted from time to time in accordance with Appendix B attached hereto or the terms of any Employment Agreement. In addition, "Discretionary Expenses" shall include for a given Pod any liability for federal, state, local or other taxes attributable to the merger into Medical Group (or attributable to taxable periods preceding the merger) of any entity owned by one or more Medical Group Physicians practicing in such Pod; provided, however that there shall be excluded any such tax liability if and to the extent that Medical Group or PQC has received payment from the Physician Members of the applicable Pod pursuant to the indemnification provisions of any agreement of merger pursuant to which the said merger has occurred; and provided, further that if any such Discretionary Expense arises prior to an initial public offering of PQC stock, the Joint Policy Board may recommend to PQC that it consider taking steps to finance such taxes or otherwise stage the imposition of such Discretionary Expenses over a period of three years, which recommendation shall be subject to the Board of Directors of PQC.

Examples of Discretionary Expenses in a sentence

• Practice Expense shall include, without limitation, such items as Preexisting Obligation Payments, Physician Discretionary Expenses, salaries, benefits and other direct costs of Physician- Shareholders, any costs of providing locum tenens coverage designated as a ----- ------ Practice Expense pursuant to Section 5.4 hereof, and any other expenses incurred by Practice and Physician-Shareholders which are not in the Budget or are in excess of budgeted allowances.

• Practice Expense shall include, without limitation, such items as Preexisting Obligation Payments, Physician Discretionary Expenses, salaries, benefits and other direct costs of all Physician-Shareholders, any costs of providing locum tenens coverage for Physician-Shareholders pursuant to Section 5.4 hereof, and any other expenses incurred by Practice or Physicians which are not in the Budget or are in excess of budgeted allowances if expended by Practice personnel without Business Manager Consent.

• The Stadium Authority Discretionary Expenses will be paid for by another funding source, such as the Stadium Authority Discretionary Fund, or will not be incurred.

• The Annual Stadium Operating Budget will include a projection of the Stadium Operating Revenue (as defined in Article 10 below) and overall Stadium expenses for that year, and will itemize those costs and expenses that will constitute Reimbursable Expenses (i.e., costs and expenses subject to 49ers Stadium Company reimbursement) and those that will constitute Stadium Authority Discretionary Expenses (i.e., costs and expenses not subject to 49ers Stadium Company reimbursement).

• The other one-half of the proceeds of the Non-NFL Ticket Surcharge will be deposited in a separate account under the management and control of the Stadium Authority (the “Discretionary Fund”), which may be used by the Stadium Authority to pay Stadium Authority Discretionary Expenses, including the costs and expenses of Civic Events.

• Practice Expenses will be limited to such items as Preexisting Obligation Payments, Physician Discretionary Expenses, salaries, benefits and other direct costs of Physician-Shareholders, any costs of providing locum tenens coverage designated as a Practice Expense pursuant to ----- ------ Section 5.4 hereof, and any other expenses incurred by Practice and Physician- Shareholders which are not in the Budget or are in excess of budgeted allowances.

• Practice Expense shall include, without limitation, such items as Preexisting Obligation Payments, Physician Discretionary Expenses, salaries, benefits and other direct costs of Physician- Shareholders, any costs of providing locum tenens coverage designated as a Practice Expense pursuant to Section 5.4 hereof, and any other expenses incurred by Practice and Physician-Shareholders which are not in the Budget or are in excess of budgeted allowances.

• Expenditures by the ------------------------------------ Physician's Medical Group Physician Pod in any Fiscal Period in excess of the amount set forth hereinafter shall constitute Discretionary Expenses (as that term is defined in Section 10.5 of Appendix A to the Services Agreement): (Discretionary Expenses).

• Practice Expenses will be limited to such items as Preexisting Obligation Payments, Physician Discretionary Expenses, salaries, benefits and other direct costs of Physician-Shareholders, any costs of providing locum tenens coverage designated as a Practice Expense pursuant to Section 5.4 hereof, and any other expenses incurred by Practice and Physician- Shareholders which are not in the Budget or are in excess of budgeted allowances.

• To the extent Landlord determines that costs incurred with respect to Discretionary Expenses reflected within the Approved Budget will vary by more than five percent (5%) from the budgeted amount on an annual basis, Landlord will endeavor to notify Tenant promptly thereafter to alert Tenant of such likely budgetary variance and to consult with Tenant regarding potential means of achieving cost savings, or modifications to service in order to minimize Operating Expenses for the applicable period.

More Definitions of Discretionary Expenses

Discretionary Expenses shall include for a given Pod any liability for federal, state, local or other taxes attributable to the merger into Medical Group (or attributable to taxable periods preceding the merger) of any entity owned by one or more Medical Group Physicians practicing in such Pod; provided, however that there shall be excluded any such tax liability if and to the extent that Medical Group or PQC has received payment from the Physician Members of the applicable Pod pursuant to the indemnification provisions of any agreement of merger pursuant to which the said merger has occurred; and provided, further that if any such Discretionary Expense arises prior to an initial public offering of PQC stock, the Joint Policy Board may recommend to PQC that it consider taking steps to finance such taxes or otherwise stage the imposition of such Discretionary Expenses over a period of three years, which recommendation shall be subject to the Board of Directors of PQC.

Discretionary Expenses means all Expenses which are not Nondiscretionary Expenses.

Discretionary Expenses means, with respect to any Person, the difference between (a) operating expenses for salaries, wages, benefits, and reimbursements and the like incurred by such Person and (b) the reasonable and customary expenses for salaries; wages, benefits, and reimbursements incurred by such Person, as determined by the Secured Party or any appointed servicer. Discretionary Expenses shall in no event be less than zero.

Discretionary Expenses any payments made to or incurred by Borrower ---------------------- (i) with Affiliates of Borrower, including, but not limited to operating expenses for salaries, wages, benefits, management fees and reimbursements and the like, or (ii) for overhead and general administrative expenses of Affiliates which are to be repaid within a period of eighteen (18) months from the first incurrence thereof.

Discretionary Expenses shall include for a given Pod any liability (in the case of Flagship II, in excess of the amount accrued therefor on Flagship II financial statements as of the Effective Date) for federal, state, local or other taxes attributable to the merger into Medical Group (or attributable to taxable periods preceding the merger) of any entity owned by one or more Medical Group Physicians practicing in such Pod; provided, however that there shall be excluded any such tax liability if and to the extent that Medical Group or PQC has received payment from the Physician Members of the applicable Pod pursuant to the indemnification provisions of any agreement of merger pursuant to which the said merger has occurred; and provided, further that if any such Discretionary Expense arises prior to an initial public offering of PQC stock, the Joint Policy Board may recommend to PQC that it consider taking steps to finance such taxes or otherwise stage the imposition of such Discretionary Expenses over a period of three years, which recommendation shall be subject to the Board of Directors of PQC.

Discretionary Expenses. All Operating Expenses except insurance (cost, not scope, so long as the scope is consistent with other Tishman properties in the area), labor contracts negotiated pursuant to collective bargaining agreements (cost, not scope, so long as the scope is consistent with other Tishman properties in the area), snow removal (as to cost only, but not number of incidents), utility rates, expenditures incurred in respect of an emergency, and costs of elevator, mechanical, electrical, maintenance and life-safety contracts.