Accelerated Cash Payments. Notwithstanding the foregoing, during the 30 day period following each Milestone, the Company may elect to terminate this Agreement and forego all future cash payments to the Consultant by paying a lump sum amount (the “Buyout”) equal to the then monthly cash rate for Services set forth above times the number of months remaining in the term of this Agreement, pro rated if necessary for any partial months, times 95%. If the Company chooses to pay the Buyout, the Company’s right of repurchase with respect to the Shares as set forth in Section 1 of this Exhibit B, if any, will lapse in its entirety.
Appears in 17 contracts
Samples: 2011 Consulting Services Agreement (Real Hip-Hop Network, Inc), Consulting Services Agreement (Accelerated Acquisitions Xxii), Consulting Services Agreement (Accelerated Acquisitions Xxi)
