Consultant Agreement. (a) In consideration for the Separation Payment, Special Payment and other valuable consideration in this Agreement, for two years following the date of execution of this Agreement by Mork (the "Consultation Period"), Mork shall serve xx xonsultant to BEC. During the Xxxxultation Period Mork will supply advice from time to time on reasonxxxx advance notice with respect to the affairs of the Company, but during the Consultation Period Mork may at his sole discretion serve as a part-timx xx full-time regular employee of any other business which does not compete with the business of the Company or its subsidiaries, and his consulting services shall not require his presence at times and places not compatible with such other employment. Mork shall promptly notify the Company in writing wxxxxver he commences or terminates employment elsewhere during the Consultation Period, giving the name of the employer, the nature of its business and the title of Mork's position. A business which competes with thx xxxxness of the Company or its subsidiaries is defined to be any business having any product or products or service or services which compete with a product or products or service or services of the Company or its subsidiaries representing collectively at least ten percent (10%) of the net revenue of the Company and its subsidiaries during the last full fiscal year of the Company. For the purpose of determining whether Mork is employed by a competing business, the term "xxxiness" shall be defined to include not only the entity by whom Mork is employed but also any direct or indirect paxxxx or subsidiary of such entity and any other entity controlled directly or indirectly by an entity directly or indirectly controlling such entity.
(b) As part of this Agreement, during the Consultation Period, Mork further agrees not to solicit, directly or indxxxxtly, any of the Company's customers, nor to employ, directly or indirectly, any person employed by the Company as of the date of his execution of this Agreement. For purposes of this Paragraph, "indirect" solicitation or employment shall mean solicitation or employment through Mork's efforts by any entity with which Mork becomex xxxxciated.
(c) Durinx xxe Consultation Period, at Mork's option (to be exercised by the written requexx xxxled to any officer of the Company or to its Director or Manager of Human Resources), the Company will provide, at its expense, outplacement services by a professional third party specialized ...
Consultant Agreement. Executive agrees that for the Consultancy Period as defined below, Employee shall continue to make his services available to the Company as a consultant, at such times and in such manner as is mutually agreeable to the parties. For Executive's services as a consultant and in consideration for the covenant not to compete as provided in this Section 6, the Company shall pay Executive annually on the anniversary date of the termination the amounts set forth in Paragraph 6 of Exhibit A. For purposes hereof, the Consultancy Period shall mean the three year period commencing on the date of the Executive's employment termination for any reason.
Consultant Agreement. The Consultant Agreement shall have been executed and delivered by the stipulated parties thereto and be in full force and effect.
Consultant Agreement. The Consultant Agreement is subject to Sponsor’s timely review and approval to form prior to final approval and execution.
Consultant Agreement prepaid by the Company. The Company shall be responsible for the fees of accountants, outside legal counsel, other advisors and other services requested by the Company when pursuing a transaction.
Consultant Agreement. The Consultant acknowledges that the Consultant was not in the United States at the time the offer to invest in the Company Shares was received.
Consultant Agreement. The Consultant believes it has received all the information it considers necessary or appropriate for deciding whether to invest in the Company Shares. The Consultant further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the business, properties, prospects and financial condition of the Company. The Consultant has had full opportunity to discuss this information with the Consultant’s legal and financial advisers prior to execution of this Agreement.
Consultant Agreement. As of the date of this Agreement, the Seller has caused the consulting agreement dated as of May 1, 1998 between the Seller and Xxxx Xxxxx ("Existing Consulting Agreement") to be terminated (such termination to be effective as of the Effective Date) by mutual consent and has agreed to make a lump sum payment to Xx. Xxxxx on the Effective Date in an amount that would not result in the payment of an "excess parachute payment" within the meaning of Section 280G of the Code. Not later than fifteen days after the date of this Agreement Buyer and Xx. Xxxxx will enter into a mutually acceptable three-year agreement (commencing as of the Effective Date) pursuant to which Xx. Xxxxx would serve as a consultant with respect to Nantucket Bank ("Consultant Agreement"). Once agreed upon, the Consultant Agreement will be attached hereto as Exhibit 7.06(c).
Consultant Agreement. Pacific Pharma will have entered into the Consultant Agreement with the Inventor in the form attached hereto as Schedule 18. + GPM
Consultant Agreement. As further consideration, the Company agrees -------------------- to enter into a consulting agreement with Perl for two years, commencing November 1, 2001, in a form substantially similar to the draft agreement attached hereto as Exhibit "A".
