Consideration for Consulting Services. As consideration for the services to be performed by Consultant pursuant to paragraph 1, Consultant shall be entitled to a fee of Seventy-five Thousand and 00/100 Dollars ($75,000.00) which shall be payable in twelve (12) monthly installments on the fifteenth day of each month during the term of this Agreement. Consultant shall not be paid a director fee for serving as a director on Company’s board and those banks or bank holding companies upon which Consultant will be the Company’s representative. In addition, to assist Consultant with customer relations, the Company shall pay for or reimburse to Consultant the dues for a social membership at the Quincy Country Club, Quincy, Illinois.
Consideration for Consulting Services. During the Consulting Period, you will be eligible for the following consideration:
Consideration for Consulting Services. In consideration of Consultant's performance of the Consulting Services, during the Term (as defined below in Section 4 below) the Company shall pay Consultant for requested services a consulting fee (the "Consulting Fee") at the rate of twenty-five hundred dollars ($2500) per day or another amount agreed to in advance according the level effort required and listed in Schedule A attached, to be paid to Consultant on a monthly basis, payable on the first day of each month. Nothing herein shall obligate the Company to request any services to be performed by Consultant.
Consideration for Consulting Services. As full consideration for the consulting services to be provided by the Consultant during this Agreement, the Consultant shall receive 1,500,000 restricted shares of the Company with piggy-back registration rights on the next Registration Statement to be filed by the Company.
Consideration for Consulting Services. It is understood by the Consultant that the Company is currently in the process of undertaking to solicit proxies from its shareholders seeking to authorize an increase in the number of authorized shares of common stock of the Company from 20 million shares to 100 million shares (the "Proxy"). As consideration for the consulting services to be provided by Consultant during the term of this Agreement, the Consultant shall receive monthly, commencing on the effective date of this agreement and continuing until the agreement's termination, 10,000 restricted shares of the company's common stock. Such shares shall be paid to Consultant within 30 days of the completion of the proxy and any other necessary corporate action which must be taken to issue said shares, such corporate action to be undertaken as quickly as practicable. The Company shall undertake to register the shares on a Form S-8 registration statement filing with SEC and shall use reasonable efforts to seek effectiveness of the registration statement, but does not hereby guarantee the success of those efforts. In the event that the Proxy is not successfully completed on or before November 1, 2004, the parties hereto shall attempt to renegotiate the terms of compensation otherwise provided hereunder. In the event that the parties cannot agree on alternative compensation, this Agreement shall be void and the Corporation shall have no obligation to the Consultant hereunder.
Consideration for Consulting Services. The Company shall issue to the employees and/or agents of Kouei International 7,000,000 shares of its common stock at a per share price of $0.05 (which per share price was determined and agreed upon by the parties on June 18, 2013). The Company further agrees that it shall file an S-8 registration statement with the Securities and Exchange Commission registering the 7,000,000 shares of common stock.
Consideration for Consulting Services. During the Consulting Period, you will receive consulting fees at the rate of $16,000 per month, payable in equal monthly installments on the first payroll date following each month (“Consulting Fees”). For the avoidance of doubt, you shall have no obligation to submit any invoices for Consulting Services during the Consulting Period. You shall seek advance written approval prior to incurring any expenses for which you will seek reimbursement in connection with your duties during the Consulting Period. Since your service as an employee and a consultant will be continuous, your termination of employment will not constitute a termination of service for purposes of the Company’s equity plan (the “Plan”). Thus, vesting of your outstanding stock options and other equity awards (the “Equity Awards”) will not cease as of the Separation Date and will continue for the duration of the Consulting Period. Your Equity Awards shall continue to be governed by the Plan and all applicable grant notices and agreements.
Consideration for Consulting Services. In consideration of and subject to the Services to be performed by Consultant hereunder, Consultant shall continue to vest in his equity awards (in accordance with the original vesting schedule of such awards) that are outstanding and unvested as of the day immediately prior to the Effective Date (a schedule of such outstanding and unvested awards are attached hereto as Schedule B), subject to applicable withholding and deductions as required by local, state and federal law, as the sole consideration for the Services to be rendered under this Agreement. Consultant hereby agrees that if he voluntarily terminates this Agreement or if this Agreement is terminated for Cause pursuant to Section 11, below, then all outstanding and unvested equity awards shall automatically and immediately terminate. Consultant hereby represents and covenants that the consideration described herein was negotiated at arms-length and represents the going rate that would be set between two unrelated and independent third parties given the terms and conditions of this Agreement.
Consideration for Consulting Services. During the Consulting Period, you will be compensated at the rate of $400 per hour for your Consulting Services (the “Consulting Fees”). You will submit detailed invoices of your Consulting Services on a monthly basis, and Longboard will provide payment of any owed Consulting Fees within 30 calendar days after receipt of such invoices. Longboard will not withhold from the Consulting Fees any amount for taxes, social security or other payroll deductions. Longboard will report your Consulting Fees on an IRS Form 1099. You acknowledge that you will be entirely responsible for payment of any taxes that may be due with regard to the Consulting Fees, and you hereby indemnify, defend and save harmless Longboard, and its officers and directors in their individual capacities, from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to the Consulting Fees (with the exception of the employer’s share of social security, if any). Longboard encourages you to obtain professional advice from an advisor of your choice with respect to the tax treatment of, and any and all tax issues with respect to, the Consulting Fees.
Consideration for Consulting Services. As consideration for SVC's services hereunder during the term of this Agreement, Affinity shall pay SVC and SVC shall accept from Affinity the following:
a. On Friday the 25th day of August 2000, and each and every Friday through and including Friday the 1st of December 2000, from and after the date hereof until terminated pursuant to Section 6 hereof, the sum of $2,500.00 per Week.
b. Affinity shall reimburse SVC for all actual expenses incurred by SVC for services rendered on behalf of Affinity and, at the request of Affinity, upon submission of appropriate invoices or receipts therefor.
