Consultancy Period. BMT EA will provide the Services during the Consultancy Period unless the Agreement is earlier terminated in accordance with this Agreement.
Consultancy Period. From the Separation Date through August 31, 2014 (the “Consultancy Period”), Executive agrees to make himself available to advise and consult with the Company and to respond to appropriate inquiries regarding such matters pertaining to the Company’s business as may, from time to time, be reasonably requested of Executive by the Company’s Chairman of the Board or his designee who is reasonably acceptable to Executive (the “Consulting Services”). For purposes of this Agreement, Consulting Services shall include, without limitation, Executive’s cooperation and assistance in the defense of the Company’s interests in any pending or threatened litigation and any other administrative or regulatory proceeding which currently exists now or which may arise in the future and involve the conduct of the Company’s business activities during the period of Executive’s employment with the Company. Notwithstanding the foregoing: (i) the Consulting Services shall be limited to executive-level services comparable in scope to those previously performed by Executive for or on behalf of the Company; (ii) shall not exceed forty (40) hours per month in duration; (iii) shall be performed by Executive telephonically (unless specifically requested by the Company’s Chairman of the Board or his designee who is reasonably acceptable to Executive); (iv) shall not unreasonably interfere with Executive’s other business and personal obligations; and (v) shall not require the disclosure to the Executive of any material non-public information. Executive shall be entitled to reimbursement by the Company for any reasonable out-of-pocket expenses incurred by Executive in connection with the performance of the Consulting Services during the Consultancy Period, including Executive’s travel to Atlanta, Georgia. After the termination of the Consultancy Period, Executive agrees to provide such additional Consulting Services as the Company may reasonably request, and the Company agrees to pay Executive for such additional services at a rate of $200.00 per hour and to reimburse Executive for any reasonable out-of-pocket expenses incurred by Executive in connection with the performance of such additional services.
Consultancy Period. The Parties agree that as from the Termination Date, Xx. Xxxxxx will act as a consultant to the Company upon the following terms:
8.1 the Company shall be entitled to call upon Xx. Xxxxxx'x services (including, without limitation, his sales knowledge and expertise) at any time subject to giving reasonable notice (such notice not to be less than 5 working days);
Consultancy Period. (a) Employer hereby engages Xxxxxxx as an independent contractor, and not as an employee, to render consulting services to Employer and its subsidiaries as hereinafter provided, and Xxxxxxx hereby accepts such engagement, for a period of twelve months following the Separation Date (the “Consulting Period”). Xxxxxxx shall not have any authority to bind or act on behalf of Employer or its subsidiaries. During the first six months of the Consulting Period, Xxxxxxx shall render such consulting services to Employer and its subsidiaries as Employer from time to time requests, for a period of not more than ten hours per week. Thereafter, during the remainder of the Consulting Period, Xxxxxxx shall render such consulting services to Employer and its subsidiaries as may be mutually agreed to by the parties. Xxxxxxx agrees to provide such consulting services in good faith and to the best of his ability.
(b) Employer shall pay to Xxxxxxx for the services provided during the Consulting Period an amount equal to his Annual Base Salary in effect as of the end of the Employment Period, half of which shall be payable six months and one day after the Separation Date, with the remaining half payable on a pro rata basis over the final six months of the Consulting Period in accordance with Employer’s normal payroll practices.
(c) Xxxxxxx shall be reimbursed for reasonable out-of-pocket expenses incurred in connection with any such consulting services requested by Employer, in accordance with Employer’s policies relating to reimbursement of expenses and with reasonable supporting documentation, but any such reimbursement with respect to the first six months of the Consulting Period shall not be payable until six months and one day after the Separation Date.
(d) Employer shall provide Xxxxxxx with administrative and secretarial support at Employer’s executive offices in Tampa, Florida for up to five hours per week during the Consulting Period.
(e) Xxxxxxx shall have the right to retain his personal computer after the Separation Date, but Employer may remove, erase, overwrite or otherwise eliminate any and all data, information, and software from such computer before releasing such computer to Xxxxxxx. If Xxxxxxx learns that such computer contains any proprietary or confidential information of Employer or any software licensed to Employer and not to Xxxxxxx, Xxxxxxx shall immediately remove such information and/or software from such computer.
(f) To the extent not provided for i...
Consultancy Period. In further consideration for the Payment and Benefits set forth in Paragraph 1 above, EMPLOYEE agrees that, if needed or desired (in the sole discretion of STAAR), during the length of the Consultancy Period, he shall (i) assist the Company in the orderly transition of matters for which he is responsible or for which he possesses knowledge related thereto; and (ii) provide general consultation to STAAR from time to time. During the Consultancy Period, EMPLOYEE shall continue to vest in STAAR’s stock option plans, pursuant to the terms of the applicable plans.
Consultancy Period. Beginning on the Effective Date and continuing until June 30, 2022 (the “Consultancy Period”), the Company agrees to retain the services of Executive as a consultant to the Company, to serve, on a contract basis, as Executive Vice President of Sales and Development, and Executive hereby agrees to serve the Company in such capacity during the Consultancy Period, upon the terms and subject to the conditions set forth in this Agreement.
Consultancy Period. The initial "Consultancy Period" will commence on the Effective Date for a period of 3 years and will subsequently be subject to annual renewal based on agreed upon terms by Consultant and Company, unless terminated earlier pursuant to paragraph 6 below.
Consultancy Period. For the six-week period commencing on Monday, March 25, 2002 (the “Consultancy Period”), you agree that you shall perform for the Company any requested services that are reasonably performed by someone of your knowledge and skill level, including, but not limited to, services that will assist the Company in the transition from your position as Vice President of Sales and Marketing, and may include the application of any factual or scientific knowledge you may have related to the Company’s business or products (the “Consultancy”), as follows: • Through April 5, 2002, you agree that you will report to the office for no fewer than 20 hours, but no more than 40 hours as requested by the Company. • From April 6, 2002 through April 26, 2002, you should not report to the office unless directed to do so by the Company. At its discretion, the Company will determine the number of hours to be worked and when those hours are to be worked, provided that such times are reasonable and do not unreasonably interfere with your search for new employment. You agree that during the Consultancy Period, you shall perform the Consultancy in a responsible and diligent manner and that you will not take any actions intended to damage the Company or its products. In the event that you sign this Agreement, the Company will pay your regular base pay as of the Termination Date for the Consultancy Period, payable on the Company’s regular bi-weekly payroll dates after the Effective Date of this Agreement. If you do not sign this Agreement, the Company will compensate you for time actually spent by you consulting as contemplated in this paragraph 4 of the Agreement at a rate of $80.00 per hour, rounded to the nearest half hour.
Consultancy Period. This Agreement shall commence on the Effective Date and shall continue until January 31, 2021 (such period, as it may be extended by the mutual written agreement of the parties upon thirty (30) days’ notice, being referred to as the “Consultancy Period”), unless sooner terminated in accordance with the provisions of Section 4.
Consultancy Period. In the event Executive’s employment continues hereunder through December 31, 2009, Executive shall provide consulting services to the Company during the period (the “Consultancy Period”) beginning at the end of the Employment Period and ending fifteen (15) months thereafter. Executive shall provide such consulting services to the Company commensurate with his status and experience as the former Chairman and Chief Executive Officer of the Company with respect to such matters as shall be reasonably requested from time to time by the Company. Executive shall also assist the Company in the transition in management of the Company and provide such additional services as and when reasonably requested. In no event shall Executive be required to render consulting services pursuant to this Section 8 in excess of three (3) days per month. Following a request by the Company, Executive and the Company shall mutually determine the time and location at which he shall perform such services. So long as Executive is in compliance with the provisions of this Section 8 and Section 6 above, the Company shall pay Executive $15,000 per month for such consulting services, to be paid, subject to Section 10(o) below, on the last business day of each month during the Consultancy Period, and each such monthly payment shall be deemed to be a separate payment for purposes of Section 409A. Executive shall not, by virtue of the consulting services provided hereunder, be considered an officer or employee of the Company, and shall have no power or authority to contract in the name of or bind the Company. Executive shall not be entitled to any employee benefits or other compensation by virtue thereof, except as expressly provided in this Section 8. So long as Executive’s employment continues hereunder through December 31, 2009, the Company shall provide an office and part-time secretarial support for Executive during the Consultancy Period. The provisions of this Section 8 shall not apply if the termination of Executive’s employment results in the payment of severance benefits under Executive’s Change in Control Agreement with the Company dated of even date herewith. If, during the Consultancy Period, Executive becomes significantly involved in strategic planning for the Company or its subsidiaries, the parties hereto will discuss in good faith the extension of the term of the non-solicitation provisions set forth in Sections 6(c) and 6(d) of this Agreement.
