Common use of Compensation of Consultant on Termination Clause in Contracts

Compensation of Consultant on Termination. Upon termination of this Agreement, the Consultant shall be entitled to receive as his full and sole compensation in discharge of obligations of the Company to the Consultant under this Agreement all sums due and payable under this Agreement to the date of termination and the Consultant shall have no right to receive any further payments; provided, however, that the Company shall have the right to offset against any payment owing to the Consultant under this Agreement any damages, liabilities, costs or expenses suffered by the Company by reason of the fraud, negligence or wilful act of the Consultant, to the extent such right has not been waived by the Company.

Compensation of Consultant on Termination. Upon termination of this Agreement, the Consultant shall be entitled to receive as his its full and sole compensation in discharge of obligations of the Company to the Consultant under this Agreement Agreement, all sums due and payable under this Agreement to the date of termination and the Consultant shall have no right to receive any further payments; provided, however, that the Company shall have the right to offset against any payment owing to the Consultant under this Agreement any damages, liabilities, costs or expenses suffered by the Company by reason of the fraud, negligence or wilful act of the Consultant, Consultant to the extent such right has have not been waived by the Company.