📓Glossary of Key Terms in Physician Employment Contracts

Work Hours Clause: This clause outlines the expected working hours for the physician. It may specify the number of hours per week, on-call duties, and other related details.

Vacation Policy: This clause outlines the physician's entitlement to vacation or leave. It typically includes details about the amount of leave, how it accrues, and any restrictions on when it can be taken.

Remote Work Policy: This clause outlines the organization's policy on remote work. It may specify conditions under which remote work is allowed and any requirements or restrictions.

Compensation Structure: This clause outlines how the physician will be compensated. This could include a base salary, bonuses, profit-sharing, or other forms of compensation.

Overtime Compensation Clause: This clause outlines the policy for overtime work. It typically specifies the rate of pay for overtime hours and the conditions under which overtime pay applies.

Retirement Benefits Clause: This clause outlines any retirement benefits provided by the employer. This could include a pension plan, 401(k) matching, or other retirement savings plans.

Tuition Reimbursement Clause: This clause outlines the employer's policy on tuition reimbursement. It typically specifies the conditions under which the employer will reimburse the physician for continuing education expenses.

Outside Work Clause: This clause outlines the policy on work outside of the physician's primary job. It may specify any restrictions or requirements for outside work.

Intellectual Property Clause: This clause outlines who owns the rights to work products created by the physician during the course of employment. This could include research, inventions, writings, and other intellectual property.

Non-solicitation Clause: This clause restricts the physician from soliciting clients, customers, or employees from the organization for a specified period of time after leaving the job.

Conflict of Interest Clause: This clause is designed to prevent the physician from engaging in activities that could conflict with the employer's interests.

Confidentiality Clause: This clause requires the physician to keep certain information about the organization confidential, both during and after employment.

Non-compete Clause: This clause restricts the physician from working in a similar profession or field, usually within a certain geographic area and for a certain period of time, after leaving the job.

Termination Clause: This clause outlines the conditions under which the contract can be terminated. It typically includes details about notice periods, grounds for termination, and any penalties or severance pay.

Remember, it's always a good idea to consult with a legal professional when reviewing a contract. They can help you understand these terms and how they might impact you.