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.
An Oklahoma Employment Agreement between a Physician and a Professional Corporation sets forth the terms and conditions of employment between a physician and a professional corporation in the state of Oklahoma. This agreement outlines the rights, responsibilities, and obligations of both parties, ensuring a clear understanding of the employment relationship. The main purpose of the agreement is to define the physician's role within the professional corporation and establish the expectations for their employment. It typically covers areas such as compensation, work schedule, benefits, termination, and non-compete clauses. Here are some relevant keywords to consider for this topic: 1. Physician: The agreement primarily pertains to physicians, including medical doctors, specialists, and other medical professionals within the state of Oklahoma. 2. Professional Corporation: A professional corporation, also known as a professional service corporation (PSC), is a legal entity formed by healthcare professionals to deliver their services within a corporate structure. This agreement addresses the relationship between the physician and the professional corporation. 3. Employment Agreement: It emphasizes that the agreement relates to the employment relationship between the physician and the professional corporation, detailing the terms and conditions governing their working arrangement. 4. Rights and Responsibilities: The agreement outlines the rights, duties, and obligations of both the physician and the professional corporation. It establishes how the physician will contribute to the corporation's practice and the corporation's responsibilities towards the physician. 5. Compensation: This section details how the physician will be compensated, including base salary, bonuses, profit-sharing, or any other forms of remuneration. It may also cover provisions related to reimbursement for professional expenses. 6. Work Schedule: The agreement specifies the expected working hours, on-call duties, and any requirements for the physician's availability. It may also address vacation, leave policies, and obligations during emergencies. 7. Benefits: This section addresses the benefits provided to the physician as part of their employment, including health insurance, retirement plans, professional development allowances, and other perks. 8. Termination: The agreement outlines the circumstances under which either party can terminate the employment relationship. It may include notice periods, severance provisions, and the resolution of any pending patient care responsibilities or outstanding matters upon termination. 9. Non-Compete Clauses: Depending on the agreement type, it may include non-compete or non-solicitation clauses that restrict the physician from practicing within a specific geographic area or soliciting the corporation's clients for a certain period after termination. Types of Oklahoma Employment Agreements between Physician and Professional Corporation can vary based on factors like specialty, terms, and conditions. Some common variations include: 1. Full-Time Employment Agreement: This agreement sets out the terms for a full-time physician employed by the professional corporation, typically with a fixed number of hours per week and specific compensation arrangements. 2. Part-Time Employment Agreement: This agreement is designed for physicians seeking part-time employment within the professional corporation. It may provide flexibility in terms of working hours and compensation proportional to the agreed-upon workload. 3. Independent Contractor Agreement: In some cases, a physician may enter into an independent contractor agreement with the professional corporation rather than being an employee. This agreement defines the terms and conditions of the contracted services, including payment arrangements and responsibilities. It is crucial for physicians and professional corporations to consult legal professionals when drafting or executing employment agreements as state laws and regulations may affect the validity and enforceability of the terms outlined.
