©2014 Seyfarth Shaw LLP

Physician Employment Agreements Midwest Reproductive Symposium June 19, 2014 Courtney Duffy, Seyfarth Shaw, LLP

©2014 Seyfarth Shaw LLP Agenda 1.Overview 2.Process 3.Key Employment Provisions 4.Other Considerations 5.Sample Provisions 3

©2014 Seyfarth Shaw LLP Overview Objectives Set Priorities ‒ Location ‒ Schedule ‒ Partnership Path ‒ Reputation ‒ Success Rates ‒ Culture ‒ Compensation ‒ Practice Growth Potential / Practice Future 4

©2014 Seyfarth Shaw LLP Overview Establish Goals and Timeline ‒ Interviews ‒ Questions to Ask ‒ References ‒ Due Diligence 5

©2014 Seyfarth Shaw LLP Process Offer Letter Term Sheet Upfront Considerations Use of Attorneys 6

©2014 Seyfarth Shaw LLP Key Employment Provisions Scope of Employment ‒ Describe Services and Duties ‒ Schedule ‒ Compliance with practice rules and standards ‒ Professional requirements Term of Agreement ‒ Set Term ‒ Automatically Renewed Employer Obligations 7

©2014 Seyfarth Shaw LLP Key Employment Provisions Compensation ‒ Salary ‒ Draw ‒ Productivity Based ‒ Bonus (e.g. percentage of collections) ‒ Benefits ‒ Insurance Termination Provisions ‒ Without Cause ‒ For Cause ‒ Breach ‒ Notice 8

©2014 Seyfarth Shaw LLP Key Employment Provisions Billing and Collection Outside Activities Confidentiality Work Made For Hire 9

©2014 Seyfarth Shaw LLP Key Employment Provisions Restrictive Covenants ‒ Non-Compete ‒ Non-Solicitation ‒ No Interference ‒ Resignation of Staff Privileges Tail Policy / Insurance 10

©2014 Seyfarth Shaw LLP Key Employment Provisions Equity status ‒ Commitment ‒ Terms ‒ Buy In ‒ Governance ‒ Decision Making (new hires, staffing, etc.) Indemnification 11

©2014 Seyfarth Shaw LLP Other Considerations Long Term Objectives Practice Future Succession Planning Exit Strategy 12

©2014 Seyfarth Shaw LLP Sample Provisions See handout 13

©2014 Seyfarth Shaw LLP Questions 14

©2014 Seyfarth Shaw LLP