Compensation as Consultant. In consideration for Executive’s services as a consultant to the Bancorp Board, Bancorp shall make the following payments to, and distributions for the benefit of, Executive:
Compensation as Consultant. Effective on the Transition Date, Green’s compensation as a consultant (“Consulting Compensation”) shall be $406,000 for the 12-month period beginning on the Transition Date and ending on April 30, 2020, which amount may be reviewed and increased at the discretion of the Board or any committee of the Board duly authorized to take such action. The Consulting Compensation shall be payable in equal monthly installments on the 15th day of each month during the Consulting Term (with the final payment to be made on April 15, 2020). During the Consulting Term, Green agrees to pay all taxes due on amounts paid to him for services as a consultant and is solely responsible for timely remittance to appropriate authorities of all federal, state, and local taxes and changes incident to the payment of compensation for such consulting services. Without limitation, the parties hereto agree that the Company shall not be responsible for, nor withhold, any taxes, assessments, or other fees incurred by or on behalf of Green with respect to his consulting services, including federal, state, and local withholding taxes.
Compensation as Consultant. As consideration for this Agreement and Xxxxxxxxx’x providing consulting services, the Company shall pay Xxxxxxxxx two hundred and fifty thousand dollars ($250,000) (the “CONSULTING FEE”) during the Consulting Term, such amount to be paid in substantially equal installments over the course of the Consulting Term, in accordance with the Company’s standard payroll schedule. The parties expressly agree that Xxxxxxxxx shall not be entitled to any other compensation or benefits for his services hereunder.
Compensation as Consultant. During any consulting engagement, Executive shall be an independent contractor and shall be compensated at an annual rate (to be paid monthly in arrears) equal to the highest aggregate base salary and incentive compensation paid to Executive by the Company in any one fiscal year during the three fiscal years most recently completed prior to beginning of the consulting engagement. In addition, during such consulting engagement, Executive shall receive the same or substantially equivalent benefits with respect to medical and life insurance and with respect to the use of a Company furnished automobile as he received while an employee.
Compensation as Consultant. During the term of the consulting arrangement, from July 1, 1999 through December 31, 2000, Sweexxx xxxll be paid at the rate of $36,000 per annum, payable in equal monthly installments of $3,000 on or about the 15th of each month beginning on or about July 15, 1999. Sweexxx xxxnowledges that during the period of the consulting arrangement, he shall be an independent contractor of the Company and not an employee and, accordingly, Sweexxx xxxll be solely responsible for payment of all federal and state withholding taxes, FICA and Medicare taxes, and all other applicable employment related fees, taxes or charges. Sweexxx xxxll be entitled to and shall receive no fringe benefits from the Company during the term of the consulting arrangement, including without limitation, pension contributions, 401(k) contributions, health (medical, dental and vision) and disability insurance, life insurance coverage, and the like.
Compensation as Consultant. In consideration for Xx. Xxxxxxxx’x services as a consultant to his successor as CEO, Mosaic shall make the following payments to, and distributions for the benefit of, Xx. Xxxxxxxx:
Compensation as Consultant. As compensation for Xxxxxx agreeing to serve as a consultant to his successor as CEO, Deluxe shall make the following payments to and distributions for the benefit of, Xxxxxx.
Compensation as Consultant. Effective on the Transition Date, Xxxxx’ compensation as a consultant (“Consulting Compensation”) shall be $10,000 per month, which amount may be reviewed and increased at the discretion of the Board or any committee of the Board duly authorized to take such action. The Consulting Compensation shall be payable in equal monthly installments on the last business day of each month during the Consulting Term. During the Consulting Term, Xxxxx agrees to pay all taxes due on amounts paid to him for services as a consultant and is solely responsible for timely remittance to appropriate authorities of all federal, state, and local taxes and changes incident to the payment of compensation for such consulting services. Without limitation, the parties hereto agree that the Company shall not be responsible for, nor withhold, any taxes, assessments, or other fees incurred by or on behalf of Xxxxx with respect to his consulting services, including federal, state, and local withholding taxes.
Compensation as Consultant. During any consulting engagement, Executive shall be an independent contractor (except for purposes of Federal and state income tax withholding and payroll tax obligations and for benefits specifically mentioned in this paragraph) and shall be compensated at an annual rate (generally to be paid monthly in arrears) equal to the highest aggregate base salary and incentive compensation paid to Executive by the Company in any one (1) fiscal year during the three (3) fiscal years most recently completed prior to the beginning of the consulting engagement; provided, however, that, (i) if Executive is a Specified Employee and (ii) to the extent the payment is “nonqualified deferred compensation” within the meaning of Section 409A (and determined by taking into account the applicable provisions of Section 5.k.), payments will not commence until the first day of the seventh month following the month of Executive’s Separation From Service, with all missed installment payments paid with such payment; provided, however, that the preceding delay provisions of this Section 6.c. shall not apply to any installment of payments and benefits if and to the maximum extent that such installment is deemed to be paid under a separation pay plan that does not provide for a deferral of compensation by reason of the application of Treasury Regulation Section 1.409A-1(b)(9)(iii) relating to separation pay upon an involuntary separation from service (and any installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of Executive’s taxable year following the taxable year of Executive in which such involuntary separation from service occurs). In addition, during such consulting engagement, Executive shall receive substantially equivalent benefits with respect to life insurance and with respect to the use of a Company furnished automobile as he received while an employee. Executive shall also receive substantially equivalent medical and dental benefits as he received as an employee, and such benefits shall also be provided to Executive’s eligible spouse and dependents under rules generally applicable to the Company’s group medical plan; provided, however, that if Executive is not then otherwise eligible to participate in a self-insured group medical plan maintained by the Company or such participation would violate nondiscrimination rules under Section 105 of the Code and the Company is unable to provide such ...
Compensation as Consultant. In consideration for Executive’s services as a consultant to SBI, SBI shall make the following payments to, and distributions for the benefit of, Executive:
