Base Consulting Fee. As base compensation for all services to be rendered by Officer under this Agreement during the Term, Castle Arch shall pay to Officer a monthly base Consulting Fee of $25,000 per month, (such Consulting Fee, as it may be increased from time to time, being the "Base Consulting Fee"). Officer's Base Consulting Fee shall be paid in accordance with Castle Arch's normal payroll procedures and policies, as such procedures and policies may be modified from time to time, but in no event shall such payments be made less than monthly. From time to time, the Board shall consider an increase of Officer's Base Consulting Fee. Such increase shall be in the sole discretion of the Board, or by the compensation committee upon its creation.
Appears in 2 contracts
Samples: Consulting Agreement (Castle Arch Real Estate Investment Company, LLC), Consulting Agreement (Castle Arch Real Estate Investment Company, LLC)
Base Consulting Fee. As base compensation for all services to be rendered by Officer under this Agreement during the Term, Castle Arch shall pay to Officer a monthly base Consulting Fee of $25,000 15,000 per month, (such Consulting Fee, as it may be increased from time to time, being the "Base Consulting Fee"). Officer's Base Consulting Fee shall be paid in accordance with Castle Arch's normal payroll procedures and policies, as such procedures and policies may be modified from time to time, but in no event shall such payments be made less than monthly. From time to time, the Board shall consider an increase of Officer's Base Consulting Fee. Such increase shall be in the sole discretion of the Board, or by the compensation committee upon its creation.
Appears in 2 contracts
Samples: Consulting Agreement (Castle Arch Real Estate Investment Company, LLC), Consulting Agreement (Castle Arch Real Estate Investment Company, LLC)
Base Consulting Fee. As base compensation for all services to be rendered by Officer under this Agreement during the Term, Castle Arch shall pay to Officer a monthly base Consulting Fee of $25,000 per month6,000, (such Consulting Fee, as it may be increased from time to time, being the "Base Consulting Fee"). Officer's Base Consulting Fee shall be paid in accordance with Castle Arch's normal payroll procedures and policies, as such procedures and policies may be modified from time to time, but in no event shall such payments be made less than monthly. From time to time, the Board shall consider an increase of Officer's Base Consulting Fee. Such increase shall be in the sole discretion of the Board, or by the compensation committee upon its creation.
Appears in 1 contract
Samples: Consulting Agreement (Castle Arch Real Estate Investment Company, LLC)
Base Consulting Fee. As base compensation for all services to be rendered by Officer under this Agreement during the Term, Castle Arch shall pay to Officer a monthly base Consulting Fee of $25,000 per month, 8,000 (such Consulting Fee, as it may be increased from time to time, being the "Base Consulting Fee"). Officer's Base Consulting Fee shall be paid in accordance with Castle Arch's normal payroll procedures and policies, as such procedures and policies may be modified from time to time, but in no event shall such payments be made less than monthly. From time to time, the Board shall consider an increase of Officer's Base Consulting Fee. Such increase shall be in the sole discretion of the Board, or by the compensation committee upon its creation.
Appears in 1 contract
Samples: Consulting Agreement (Castle Arch Real Estate Investment Company, LLC)