This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Colorado Employment Agreement between Physician and Professional Corporation is a legally binding document that outlines the terms and conditions of employment between a physician and a professional corporation in the state of Colorado. This agreement serves as a comprehensive guide to protect the rights and responsibilities of both parties involved. Keywords: Colorado, Employment Agreement, Physician, Professional Corporation, terms and conditions, rights and responsibilities. 1. Types of Colorado Employment Agreement between Physician and Professional Corporation: a. Full-time Employment Agreement: This type of agreement is applicable when a physician is employed by a professional corporation on a full-time basis, usually involving a 40-hour workweek. b. Part-time Employment Agreement: Part-time employment agreements are established when a physician is employed on a less than full-time basis, typically for a specified number of hours or days per week. c. Independent Contractor Agreement: This agreement is slightly different from an employment agreement as it designates the physician as an independent contractor rather than an employee. Independent contractors have more autonomy and are responsible for their own taxes and benefits. d. Limited Term Employment Agreement: A limited term agreement is utilized when the physician is hired for a specific duration or a specific project. This type of agreement usually includes a defined start and end date. e. Extended Employment Agreement: An extended employment agreement is implemented when the physician and professional corporation agree to extend the term of an existing agreement beyond its original expiration date. f. Non-Compete Employment Agreement: A non-compete agreement is established when the physician agrees not to compete with the professional corporation within a specified geographic area for a certain period of time after the termination of employment. g. Partnership Track Agreement: In some cases, a professional corporation may offer physicians a partnership track agreement, which outlines the terms and conditions that need to be met for the physician to potentially become a partner in the future. Overall, a Colorado Employment Agreement between Physician and Professional Corporation covers various aspects, including compensation, benefits, working hours, vacation time, malpractice insurance, termination provisions, non-disclosure agreements, non-compete clauses, and any specific responsibilities or limitations outlined by the professional corporation. It is important for both parties to carefully review and understand the agreement before entering into a contractual relationship.
