Amendment No. [ ] to Management Agreement between [Medical Group] and [Manager]

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment updates the existing Management Agreement between a Medical Group and a Manager, effective January 1, 2009. The amendment changes the compensation terms: the Manager will now receive a management fee equal to 10% of the Medical Group’s revenues and a billing fee equal to 5% of revenues. All other terms of the original agreement remain unchanged. Both parties have agreed to these revised terms as indicated by their signatures.

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EX-10.3.1 2 dex1031.htm FORM OF AMENDMENT TO MANAGEMENT AGREEMENT Form of Amendment to Management Agreement

Exhibit 10.3.1

AMENDMENT NO. [    ] TO MANAGEMENT AGREEMENT

This Amendment No. [    ] to Management Agreement (this “Amendment”) is made and entered into by and between [                    ] (“Medical Group”) and [                    ] (“Manager”), as of January 1, 2009, with reference to the following:

WHEREAS, Medical Group and Manager entered into that certain Management Agreement by and between Medical Group and Manager dated as of [                    ] [and amended as of                     ]; and

WHEREAS, Medical Group and Manager desire to amend certain provisions of the Agreement as set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

  1. Section 3.2(a) of the Agreement is hereby deleted in its entirety and the following Section 3.2(a) shall be inserted in its place:

“(a) In consideration of Company’s services described in this Agreement, PC shall pay Company a management fee (“Management Fee”) equal to ten percent (10%) of PC’s Revenues.”

 

  2. Section 3.2(c) of the Agreement is hereby deleted in its entirety and the following Section 3.2(c) shall be inserted in its place:

“(c) PC shall also pay Company a billing fee of five percent (5%) of Revenues (the “Billing Fee”).”

[Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the day and year set forth above.

 

MANAGER:       [                                                                                                                 ]   
   By:                                                                                                                           
   Name      
   Its:      
MEDICAL GROUP:       [                                                                                                                 ]   
   By:                                                                                                                           
   Name      
   Its:      

[Signature page to Amendment to Management Agreement]

 

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