Consideration for Services Rendered Sample Clauses
The Consideration for Services Rendered clause defines the payment or compensation that one party will provide in exchange for services performed by the other party. Typically, this clause outlines the amount, form, and timing of payment, and may specify whether compensation is a fixed fee, hourly rate, or based on milestones. By clearly establishing the terms of payment, this clause ensures both parties understand their financial obligations and helps prevent disputes over compensation for services delivered.
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Consideration for Services Rendered. In exchange for Consultant's providing the services as described herein, the Company shall pay the Consultant the amount set forth in paragraph 4 of Exhibit A. In addition, as set forth in paragraph 4 of Exhibit A, Consultant shall have the right to purchase shares of the Company's Common Stock pursuant to a Stock Purchase Agreement of even date herewith. In addition, the Company shall reimburse the Consultant for all expenses approved in writing by the Company including travel.
Consideration for Services Rendered. For the first twelve (12) months of the Term, the compensation payable by the Company to the Consultant for the work performed pursuant to this Agreement shall be US$75,000 per month. The compensation for each successive twelve (12) month period of the Term shall be increased by an amount not less than the percentage increase in Consumer Price Index for All Urban Consumers, Northeast for the preceding calendar year.
Consideration for Services Rendered. As consideration and payment for services rendered, the CITY agrees to pay CHS the following:
4.1 $540,000 for facility operations and maintenance services to include janitorial, grounds keeping, pest control, facility maintenance and upkeep, security, fire and safety inspection compliance, utility services, insurance and related facility operations and maintenance expenses.
4.2 $176,528 to support Tricentennial Park administration to include: leadership; facility and site development; public relations, marketing and fundraising; accounting; administrative and human resource functions; grant and legal compliance; evaluation and oversight; and master planning and strategic planning.
4.3 One percent (1%) of the total gross revenues generated through operations of The Premises shall be payable directly to CHS and deducted by CHS from said revenues generated at The Premises as a Management Fee; payment to be made/deducted no later than January 31, per year from prior year gross revenues for each year of the Term providing demonstrable satisfactory financial accounting has been maintained throughout the fiscal year.
4.4 CHS will deliver to the CITY by October 1 of each year of the term a budget for the following year with explanation of any increase in overall support that might be requested.
4.5 CHS and the CITY reserve the right to negotiate changes in the support of facilities and operations at the end of any year within the Initial and Renewal Term(s) should unexpected events arise necessitating such negotiations, however, CHS shall not receive less than 1% of the total gross revenue generated in each year of the Term as previous described. In the event the parties cannot agree on support of the facilities and operations, then this Agreement shall terminate.
Consideration for Services Rendered. The compensation payable by the Company to the Consultant for the work performed pursuant to this Agreement shall be 1,000,000 warrants (the "Consultant Warrants") to purchase the Class A Common Stock (the "Class A Stock") of the Company. Each of the Consultant Warrants shall be exercisable to purchase one share of Class A Stock at a price of $0.50 per share and shall have a term of five (5) years. It is understood by the parties hereto that the present value of the Consultant Warrants will be determined by the investment banker engaged by the Company. In connection therewith, the Company will be responsible for the federal and state income tax consequences arising from the Consultant receipt of the Warrants. The form of Consultant Warrants Certificate is attached hereto as Exhibit B.
Consideration for Services Rendered. In consideration of Executive entering into this Agreement and performing his obligations hereunder, including the restrictions contained in Section 4, the Company shall compensate Executive with an aggregate cash payment of $[ ] to be paid in [ ] ( ) monthly installment payments of $[ ]. Such installment payments shall commence to be paid on [ ], and thereafter shall be paid on the fifteenth (15th) day of each month until [ ], with a final payment of $[ ] on [ ], in accordance with the Company’s normal accounts payable procedures. For purposes of the application of Treasury Regulation Section 1.409A-1(b)(4)(i), each such installment payment shall be deemed a separate payment. Executive acknowledges and agrees that payment of all amounts under this Section 3 are conditioned upon Executive executing this Agreement and not rescinding, breaching or threatening to breach any of the terms of this Agreement (including, without limitation, the release of all claims set forth in Section 10 below).
Consideration for Services Rendered. In consideration of Executive entering into this Agreement and performing her obligations hereunder, including the restrictions contained in Section 4, the Company shall compensate Executive with an aggregate cash payment of $1,650,000 to be paid in ten (10) monthly installment payments of $137,500. Such installment payments shall commence to be paid on May 29, 2009, and thereafter shall be paid on the fifteenth (15th) day of each month until February 15, 2010, with a final payment of $275,000 on March 15, 2010, in accordance with the Company’s normal accounts payable procedures. For purposes of the application of Treasury Regulation Section 1.409A-1(b)(4)(i), each such installment payment shall be deemed a separate payment. Executive acknowledges and agrees that payment of all amounts under this Section 3 are conditioned upon Executive executing this Agreement and not rescinding, breaching or threatening to breach any of the terms of this Agreement (including, without limitation, the release of all claims set forth in Section 10 below).