SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
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provision to the contrary or otherwise contained in this Agreement, the
agreement and covenants contained in this Section 9 shall not terminate upon
Advisor's termination of the advisory relationship hereunder or upon the
termination of this Agreement under any other provision of this Agreement.

         10.     NON-COMPETE COVENANT.

                 (a)      During the term of this Agreement, Advisor agrees not
                          to enter into or engage in any phase of the business
                          conducted by AmSurg in any state in which AmSurg is
                          conducting business, either as an individual for his
                          own account, as a partner or joint venturer, or as an
                          employee, agent, officer, director, or substantial
                          shareholder of a corporation or otherwise.  As of the
                          date of execution of this Agreement, the business
                          conducted by AmSurg was defined as single specialty
                          surgery centers, single specialty physician networks
                          and single specialty physician practices.

                 (b)      During the term of this Agreement, Advisor agrees not
                          to directly or indirectly solicit business from any
                          entity, organization or person which has contracted
                          with AmSurg, which has been doing business with
                          AmSurg, or from which the Advisor knows or has reason
                          to know that AmSurg is going to solicit business.

                 (c)      Advisor and AmSurg acknowledge and agree that any of
                          the covenants contained in this Section 10 may be
                          specifically enforced through injunctive relief, but
                          such right to injunctive relief shall not preclude
                          AmSurg from other remedies which may be available to
                          it.

         11.     INDEMNIFICATION.  Advisor will be entitled to indemnification
as provided in the Indemnification Agreement, dated as of the date of the
Distribution, by and between AmSurg and Advisor, and in the Charter and Bylaws
of AmSurg.

         12.     NO ALIENATION OF BENEFITS.  No interest of Advisor or his
spouse or any other beneficiary of Advisor under this Agreement, or any right
to receive any payment hereunder, shall be subject in any manner to sale,
transfer, assignment, pledge, attachment, garnishment, or other alienation or
encumbrance of any kind, nor may such interest or right to receive a payment or
distribution be taken, voluntarily or involuntarily, for the satisfaction of
the obligations or debts of, or other claims against, Advisor or his spouse or
other beneficiary, including claims for alimony, support, separate maintenance,
and claims in bankruptcy proceedings.

         13.     BENEFITS UNFUNDED.  All rights of Advisor and his spouse or
other beneficiary under this Agreement shall at all times be entirely unfunded
and no provision shall at any time be made with respect to segregating any
assets of AmSurg for payment of any amounts due hereunder.  Neither Advisor nor
his spouse or other beneficiary shall have any interest in or rights against
any specific assets of AmSurg, and Advisor and his spouse or other beneficiary
shall have only the rights of a general unsecured creditor of AmSurg.





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