Consultancy Agreements Clause Samples

Consultancy Agreements. The Vendor has disclosed to the Purchaser in the Disclosure Material the terms of the Consultancy Agreements.

Consultancy Agreements. On the Closing Date, Biota, on the one hand, and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, on the other hand, shall enter into consultancy agreements in form and substance reasonably acceptable to Biota.

Consultancy Agreements. (a) On the date hereof, the CME Parties shall cause Innova to (i) enter into a consulting agreement with FUCHSMANN which shall provide for a monthly consulting fee of Euro 40,000 (plus VAT, if applicable) in consideration of services provided by FUCHSMANN to the Studio 1+1 Group attached hereto as Annex 3 (the “BF Consultancy Agreement”) and (ii) enter into a consulting agreement with RODNYANSKY which shall provide for a monthly consulting fee of Euro 20,000 (plus VAT, if applicable) in consideration of services provided by RODNYANSKY to the Studio 1+1 Group attached hereto as Annex 4 (the “AR Consultancy Agreement”, and, together with the BF Consultancy Agreement, the “Consultancy Agreements”). If Innova is for any reason unable to pay the amounts due under the Consultancy Agreements, the CME Parties will procure that another member of the Studio 1+1 Group enters into a similar agreement and/or makes any payments required under the Consultancy Agreements. (b) Each Consultancy Agreement shall be effective as of the date hereof and shall terminate on the date of the Option Closing, unless terminated earlier in accordance with its terms. In addition, the AR Consultancy Agreement shall automatically terminate in the event of a transfer of the AR Optioned Interest pursuant to Clause 2.5 of the Framework Agreement prior to the Option Closing. (c) Under the Consultancy Agreements, Innova will assume all reasonable costs and expenses incurred by FUCHSMANN and RODNYANSKY in connection with the services provided under the Consultancy Agreements, provided that the aggregate amount of payments to the RF Participants under both Consultancy Agreements (including the consultancy fees paid thereunder and any reasonable costs and expenses assumed by Innova thereunder) shall not exceed Euro 1,000,000.00 (plus VAT, if applicable) per calendar year (or Euro 700,000.00 (plus VAT, if applicable) per calendar year from such date that RODNYANSKY ceases to hold any direct or indirect interest in any of Studio 1+1, Inter-Media, IMS, TV Media Planet or Innova, as applicable) or the AR Consultancy Agreement is otherwise terminated. Each of FUCHSMANN and RODNYANSKY will provide monthly invoices for their consultancy services and reasonable costs and expenses (plus VAT, if applicable), including the year-to-date amounts.

Consultancy Agreements. Contract of Employment for ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (including pension side letter) and ▇▇▇ ▇▇▇▇▇▇