Consultancy Fee and Expenses. (a) Consultancy Fee. In consideration of the Services to be rendered hereunder, the Client shall pay Consultant a Consultancy fee $115 for each hour of Services provided to the Client.
Consultancy Fee and Expenses. (a) The Company will: (1) pay the Consultant the agreed Consulting Fee; and (2) pay the Consultant travel expenses at 68c per kilometer for work related travel, or such rate as determined as being deductible for income tax as determined by the Australian Tax Office. (3) reimburse the Consultant for all other reasonable approved out-of-pocket expenses properly incurred by the Consultant in providing the Consultancy Services, in accordance with this clause 4. (b) The Consultancy Fee will consist of: (1) an amount of US$40,000 per month (Base Fee); (2) an annual bonus payment of up to 150% of the Base Fee (Cash Bonus), payable at the discretion of the Board. The amount of the Cash Bonus shall be determined by the Board upon considering the performance of the Consultant and/or other factors as deemed relevant by the Board. The Cash Bonus is to be assessed annually following the end of the Company’s financial year. The Cash Bonus (if any) is payable within 3 months following the end of the Company’s financial year. Upon Termination, such payment will be made on a pro rata basis. During the Term of the Agreement, the Consultant may elect to take the Cash Bonus in ordinary shares of the Company at a value equivalent to the issue price of the ordinary shares immediately prior to the Company being listing on the NASDAQ securities exchange. (3) a Long term Performance Incentive as detailed in Schedule 3.
Consultancy Fee and Expenses. Consultancy Fee. In consideration of the Services to be rendered hereunder, the Client shall pay Consultant a Consultancy fee $3500 to be deposited into the Dealership Account. This fee will in effect fund minimum start-up costs for the Service (Florida Wholesale Used Car Dealers License) and the Client will maintain any ongoing monthly or quarterly costs associated with the maintenance of this established Florida Used Card Dealer License.
Consultancy Fee and Expenses. Consultancy Fee: In consideration of the Services to be rendered hereunder, the Client shall pay Consultant a Consultancy fee $4500 to be deposited into the Consultant’s Account (Automotive Elite LLC) or GF Auto Consultants LLC bank ac- count. The Client is aware that he/she is responsible for any and all necessary expenses that arise as necessary for the in- stallation of the “Drive Away Company”. The Client will maintain any ongoing monthly or quarterly costs associated with the maintenance of this established “Drive Away Company”. The setup expenses are estimated at or about $700 but will vary up or down based on individual circumstances as regards to the Client and his/her personal and business situation. Ongoing monthly expenses will be approximately $50-$75 per month for a location and approximately $125-150 per month for insurance.
Consultancy Fee and Expenses
