Compensation of the Consultant. The Maximum Compensation to be paid to the Consultant under this Amendment is increased by $5,000,000 for a total maximum compensation of $10,000,000.
Compensation of the Consultant. 3.1 The Compensation to be paid to the Consultant under this Amendment is $116,000.00.
Compensation of the Consultant. (a) In connection with the consummation of the Original Transaction, the Company hereby agrees to pay (or procure the payment of) to the Consultant or its designees a cash fee of an amount equal to $452,000 as an investment banking fee, plus all reasonable out-of-pocket expenses incurred by the Consultant and its subsidiaries, affiliates and advisors in rendering services as described herein. Such fees and expenses shall be paid by wire transfer in cash or other immediately available funds to the account(s) designated by the Consultant.
(b) In consideration of the Consultant’s agreement to provide the services described herein, the Company will pay to the Consultant or its designees in cash an investment banking fee of 1.0% of the Enterprise Value of the Company (or any holding company or parent), upon the closing of the earlier of (i) the Company’s (or any holding company or parent or subsidiary used for such purpose) initial public offering and (ii) the sale of the Company or the sale of all or substantially all of the assets of the Company (in each case, whether such transaction or series of transactions is by way of merger, purchase or sale of stock, purchase or sale or other disposition of assets, recapitalization, reorganization, consolidation, tender offer, public or private offering or otherwise, and whether consummated directly by the Company or its subsidiaries or indirectly by their respective stockholders). At no time will such fees be reduced from the amounts stated herein. The Company shall also pay to the Consultant or its designees in cash an investment banking fee of 1.0% of the Enterprise Value of any subsidiary of the Company, upon the closing of the earlier of (i) the subsidiary’s (or any holding company or parent used for such purpose) initial public offering and (ii) the sale of the subsidiary or the sale of all or substantially all of the assets of the subsidiary (in each case, whether such transaction or series of transactions is by way of merger, purchase or sale of stock, purchase or sale or other disposition of assets, recapitalization, reorganization, consolidation, tender offer, public or private offering or otherwise, and whether consummated directly by the subsidiary or its subsidiaries or indirectly by their respective stockholders). At no time will such fees be reduced from the amounts stated herein. As used herein, “Enterprise Value” shall mean an amount equal to (A) the initial public offering price per share received by ...
Compensation of the Consultant. (a) In consideration of the services to be rendered as described herein, the Company will pay in cash to the Consultant an annual base management and consulting fee equal to (the difference of (i) $500,000, minus (ii) the amount of the annual consulting fee paid to Xxxxxxx Xxxxxxxxxxx for such year pursuant to that certain Consulting Agreement dated as of the date hereof between the Company and Xxxxxxx Xxxxxxxxxxx, as amended from time to time (such net amount, the “Consulting Fee”), payable in advance in equal quarterly installments on the first day of each calendar quarter (with the first payment pro-rated for the quarter ending September 30, 2014 and payable on the Effective Date). The payment by the Company of the Consulting Fee hereunder is subject to the applicable restrictions contained in the Company’s and its subsidiaries’ debt and equity financing agreements. If any such restrictions prohibit the payment of any installment of the Consulting Fee, such unpaid Consulting Fee installment shall accrue simple interest at a rate of 8% per annum and the Company shall make such installment payment plus accrued interest as soon as it is permitted to do so under such restrictions. If the Company or its subsidiaries acquire or enter into any additional business operations after the date of this Agreement (each, an “Additional Business”), the Board and the Consultant will, prior to the acquisition or prior to entering into the business operations, in good faith, determine whether and to what extent the Consulting Fee should be increased as a result thereof. Any increase will be evidenced by a written supplement to this Agreement signed by the Company and the Consultant.
(b) In further consideration of the services to be rendered as described herein, and in recognition, in part, that the Consulting Fee charged for such services is below the fees that third parties would charge for similar services, in connection with the consummation of the Original Transaction, the Company hereby agrees to pay (or procure the payment of) to the Consultant or its designees a cash fee of an amount equal to $498,000 as a supplemental management fee, plus all reasonable out-of-pocket expenses incurred by the Consultant and its subsidiaries, affiliates and advisors in rendering services as described herein. Such fees and expenses shall be paid by wire transfer in cash or other immediately available funds to the account(s) designated by the Consultant.
(c) In further consideration ...
Compensation of the Consultant. Daily Fee
4.1 It is hereby acknowledged and agreed that the Consultant shall render the General Consulting Services as defined hereinabove, on a daily and on an as- when-needed basis as requested in writing by the Company prior to and at any time during the Initial Term and during the continuance of this Agreement, and shall thus be compensated on a daily (per diem) basis from the Execution Date of this Agreement to the termination of the same by way of the payment by the Company to the Consultant, or to the further order or direction of the Consultant as the Consultant may determine, in the Consultant's sole and absolute discretion, and advise the Company of prior to such payment, of the daily (per diem) fee of U.S. $400.00 per day for the General Consulting Services having been provided hereunder (the daily "Fee" and the totality of any Fee for any month during the Initial Term and during the continuance of this Agreement being, collectively, also the Fee herein). Such daily aggregate Fee during each month will be due and payable by the Company to the Consultant, or to the further order or direction of the Consultant as the Consultant may determine, in the Consultant's sole and absolute discretion, and advise the Company of prior to any such Fee payment, on the final business day of each month during the Initial Term and during the continuance of this Agreement during which any such General Consulting Services were provided by the Consultant as requested by the Company in advance in writing.
Compensation of the Consultant. For services rendered by the Consultant and Contractor pursuant to this Agreement the Company will pay the Consultant as follows:
(a) Consulting fees of US$3,000 per month for the term of this Agreement, payable in arrears on the last business day of each calendar month commencing September 15, 2006.
(b) A one time signing bonus cash payment of US$7,500, payable upon the day this Agreement is duly executed by all parties. After every calendar month, the Consultant and Contractor will provide the Company with a detailed invoice, itemizing the daily activities that were performed and the time incurred. Within five (5) business days of receiving the Consultant's monthly invoices, the Company will pay the Consultant the amount indicated on the invoice. If the Company disagrees with the amounts or descriptions indicated on the invoice, the Company will ask the Consultant to justify the amounts or descriptions. Payment will not be made until the Consultant has made the justifications.
Compensation of the Consultant. 2.1 As consideration for the provision of the Services by the Consultant, the Company and the Consultant agree to the compensation set out in in Schedule “B” to this Agreement. Unless specifically agreed to in writing by the Company and the Consultant, the Consultant shall not be entitled to any remuneration for performance of the Services except as set out in this Agreement.
2.2 The Company shall reimburse the Consultant for all documented reasonable travelling and other expenses incurred by the Consultant in connection with providing the Services under this Agreement, such reimbursement to be made in accordance with, and subject to, the policies and/or guidelines of the Company from time to time. The Consultant is solely responsible for, and must maintain adequate records of, expenses incurred in the course of performing the Services, and shall provides copies of such invoices and records relating to such expenses to the Chief Financial Officer of the Company in a timely manner in connection with any request for reimbursement. Any expenses for $250 or greater incurred by the Consultant in connection with provision of the Services must be pre‐approved by the CEO (as defined herein) or Chief Financial Officer in writing.
2.3 The Consultant acknowledges and agrees that it shall be responsible for the timely payment of all taxes and remittances in connection with any remuneration hereunder.
Compensation of the Consultant. 2.1 The Company shall pay the Consultant the following:
(a) In consideration for the Services provided to the Company by the Consultant, the Company shall pay the Consultant $10,000 per month, plus applicable GST (the “Base Consulting Fee”).
(b) The Base Consulting Fee will be reviewed on a quarterly basis by the Board. The Base Consulting Fee may be adjusted from time to time, by mutual written agreement of the Parties. Accordingly, when the phrase “Base Consulting Fee” is used in this Agreement, such phrase shall include any alterations to the Base Consulting Fee, and, in the event an adjustment is to be made based on Base Consulting Fee, such adjustment shall refer to the Base Consulting Fee in effect as at the date that triggers the necessity for such calculation to be made.
(c) The Company shall reimburse the Consultant for all pre-approved and documented reasonable expenses incurred by the Consultant in connection with providing the Services under this Agreement, such reimbursement to be made in accordance with, and subject to, the policies and/or guidelines of the Company from time to time.
Compensation of the Consultant. For services rendered by the Consultant and Contractor pursuant to this Agreement the Company will pay the Consultant as follows:
(a) Consulting fees of US$2,000 per month for the term of this Agreement, payable in arrears on the last business day of each calendar month commencing September 15, 2006.
(b) A one time signing bonus cash payment of US$3,000, payable upon the day this Agreement is duly executed by all parties.
Compensation of the Consultant. In consideration of its services ------------------------------ hereunder, the Consultant shall be entitled to receive annual compensation equal to One Dollar ($1.00).
