Compensation as a Consultant Sample Clauses
Compensation as a Consultant. As consideration for the services to be rendered by Douce as a consultant under this Agreement, Douce shall receive the following compensation:
i. In the year 2008, Douce shall receive payment in the amount of Fifty Thousand Dollars ($50,000.00) payable in equal monthly installments. Douce shall be expected to be available on a mutually convenient basis as requested up to one thousand (1,000) hours per year for duties to be performed for the Bank.
ii. Douce shall be obligated to pay all taxes on the money paid pursuant to the consulting phase of this Agreement, and the Bank will not withhold any funds relating thereto.
Compensation as a Consultant. In consideration for the Services provided by Executive, the Company agrees to pay the Executive a consulting fee of $2,500 per month.
Compensation as a Consultant. For Services rendered by you under this Agreement up to 80 hours per month, the Company will pay you $12,000 per month during 1999 and $8,000 per month during 2000, each case on the 1st day of each month without deduction for payroll or other employment taxes. If you and the Company agree that you will spend more than 80 hours per month rendering Services, your additional time will be compensated at a mutually-agreed rate. The Company will also reimburse all actual, out-of-pocket expenses you reasonably incur in providing Services to the Company upon presentation by you from time to time, but no less often than every 30 days, of a reasonably itemized statement therefor in accordance with the Company's standard expense reimbursement policies. As an "independent contractor," you agree to pay all taxes required to be paid on the compensation payable to you hereunder, and further agree to indemnify and hold harmless the Company for any liability it incurs to taxing authorities if you fail to properly pay your taxes.