Consultancy Arrangements Clause Samples

Consultancy Arrangements. A change in status from Director to Consultant or Employee, as such terms are defined in the Plan, will not affect the vesting schedule or cause the option to expire, so long as Participant has no break in service with the Company.

Consultancy Arrangements. At the Closing, Borrower shall ------------------------ enter into a Consulting Agreement (as defined below) with JFAX, in which Borrower will agree to provide the consulting services of ▇▇▇▇▇▇ and ▇▇▇▇▇▇ to JFAX. The initial term of each such Consulting Agreement shall be for two years and, subject to certain conditions as provided therein and in the Note Agreement, may be extended by Borrower for an additional five years.

Consultancy Arrangements. The consultancy arrangements between the Company and each of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, Dr.

Consultancy Arrangements. For a period of three years from the Closing (the "Consulting Term"), the Buyer hereby agrees to engage the Sellers to perform consulting services with respect to the business and operations of Nacanco in accordance with the reasonable requests of the Buyer, and in the performance of such services the Sellers agree to use reasonable efforts to promote the business and interests of Nacanco. As compensation for the consulting services to be performed by the Sellers, the Buyer shall pay the Sellers a quarterly fee of $400,000, payable on the last day of each of the twelve quarters during the Consulting Term, commencing on September 30, 1999, by wire transfer to an account previously designated in writing by the Sellers (for a total payment of $4,800,000).

Consultancy Arrangements. No Group Company is party to any consultancy secondment or agency agreement with any other person, firm or company for the provision of an individual's services to or by a Group Company and if any such agreement is disclosed in the Disclosure Letter no individual in respect of whose services such an agreement has been disclosed has the status of an employee of any Group Company, and there are systems in place for ensuring that no such individuals are, or are treated as, employees.