Penalty for Violating Noncompete?
If Physician violates the noncompete, Physician agrees to pay Employer, in addition to any other relief . . ., immediately upon demand liquidated damages equal to the greater of (a) 100% of the total compensation paid to Physician during the 12-month period immediately preceding the termination of employment hereunder, or (b) 70% of Physician’s gross billings within the 12-month period following the violation.
70% of gross billings could easily exceed what Physician earns
Huge penalty!
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