Physician Contract Glossary · Termination
Payments After Termination
Payments after termination covers what money you are owed, and what you might owe, once you leave.
This provision settles the money on the way out: your final salary, any earned but unpaid production bonus, accrued but unused leave if payable, and on the other side anything you owe back such as unforgiven advances or tail premiums. Collections-based physicians need special attention here, because money collected after you leave for work you did before may or may not be paid to you depending on the wording.
If your pay is collections-based, confirm in writing that you are paid for collections received after departure on work you performed. Practices often keep that tail of revenue unless the contract says otherwise.
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