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Common use of Base Consulting Fee Clause in Contracts

Base Consulting Fee. During Consultant’s engagement by the Company, the Company shall pay Consultant a base consulting fee of TWO HUNDRED FIFTY THOUSAND DOLLARS NO/100 ($250,000.00) annually (“Base Fee”), which shall be payable in equal bi-monthly installments. The Base Fee will commence on the first day of the month following the completion of the “First Equity Financing” (as defined below).

Appears in 3 contracts

Samples: Consulting Agreement, Consulting Agreement (Bellicum Pharmaceuticals, Inc), Consulting Agreement (Bellicum Pharmaceuticals, Inc)

Base Consulting Fee. During Consultant’s engagement by the CompanyTerm, the Company shall pay Consultant a base consulting fee at the annual rate of TWO HUNDRED FIFTY THOUSAND DOLLARS NO/100 $400,000 ($250,000.00) annually (“‘‘Base Consulting Fee’’), which payable in four equal quarterly installments in arrears, with the first payment to be made on or about April 1, 2007. As of the Commencement Date, the Base Consulting Fee shall be paid to Consultant in lieu of any director fees payable in equal bi-monthly installments. The Base Fee will commence on the first day to Xxxx for services as a member of the month following the completion Company’s Board of the “First Equity Financing” (as defined below)Directors.

Appears in 1 contract

Samples: Consulting Agreement (Movie Star Inc /Ny/)