Consultants Fees and Expenses. The Borrower shall reimburse each of the Consultants for the reasonable fees and documented expenses of such Consultant retained on behalf of the Lenders pursuant to this Section 15.14, including the reports to be provided by any of the Consultants as contemplated by Section 9.01.
Consultants Fees and Expenses. (a) BCMC shall pay for Consultant’s services as General Manager of the Peruvian Branch of BCMC a fee of US $12,5000 per month and pay for employment benefits that are no less favourable to the Consultant than those generally given to senior officers of EVE. EVE shall pay the Consultant for his services as President and a director of EVE options if, as and when granted from time to time by EVE in an amount commensurate with Consultant’s position and time commitment.
(b) BCMC or EVE, as is appropriate in the context, shall bear the costs of Consultant’s staff and organization as well as the costs of professional fees, if any, associated with completing the services set out in section 1 hereof. BCMC shall reimburse Consultant for the actual cost of all reasonable expenses incurred by Consultant with BCMC’s prior approval and in accordance with BCMC’s expense account regulations then in effect.
(c) Consultant’s statements for services rendered and expenses incurred shall be submitted to BCMC monthly for the preceding calendar month and shall be supported by such vouchers and other evidence as BCMC may require in order to approve the statement. To the extent approved, Consultant’s statement shall be paid within 30 days after it is received.
Consultants Fees and Expenses. (a) During the term of this Agreement, the Company shall pay Consultant a fee of 500,000 shares of common stock for each full month that Consultant provides Services (the “Fee”). Consultant shall be paid a pro-rata Fee for any partial months occurring during the term of this Agreement. Consultant shall be paid on the first business day of each month.
(b) The Consultant is solely responsible for the payment of all income, social security, employment-related, or other taxes incurred as a result of the performance of the Services by Consultant under this Agreement and for all obligations, reports, and timely notifications relating to such taxes. The Company shall have no obligation to pay or withhold any sums for such taxes.
Consultants Fees and Expenses. The Borrowers shall reimburse each of the Consultants for the reasonable fees and documented expenses of such Consultant retained on behalf of the Lender pursuant to this Section 12.12, including, without limitation, the report to be provided by the Insurance Consultant as contemplated by Sections 4.01(a)(xiii) and any dispute resolution provided by the Independent Engineer pursuant to Section 1.06(b), and site visits by the Independent Engineer provided that Borrowers shall not be required to reimburse the Independent Engineer for more than one site visit in any year unless a Prospective Event of Default or an Event of Default has occurred, in which case the Borrowers shall reimburse the Independent Engineer for all site visits.
Consultants Fees and Expenses. A. Consultant's fees shall be sixty thousand dollars ($60,000.00) per month for providing the Services to Xxxxx River Coal payable twice-monthly in the amount of thirty thousand dollars ($30,000.00) on the first and 15th day of each month in which the Services are provided through January 31, 2015, at which time such fee shall be reduced to $30,000 per month payable twice-monthly in the amount of fifteen thousand dollars ($15,000.00) on the first and 15th day of each month in which the Services are provided; provided that Xxxxx River Coal and Consultant have agreed to discuss in good faith a possible transition from a monthly fee to an hourly fee to begin on July 1, 2015, if appropriate at such time. If Consultant provides any partial month of consulting Services during which Consultant is receiving a monthly fee, the fees for such month shall be prorated based on a 30 or 31 day month as the case may be.
X. Xxxxx River Coal shall reimburse Xxxxxx for all reasonable, necessary and documented out-of-pocket expenses, including, without limitation, lodging, airfare, meals while on travel or in relation to another business purpose for Xxxxx River Coal and ground transport (taxi, train, rental car), in each case, incurred in connection with Xxxxxx’x performance of the Services. All such expenses shall be invoiced to Xxxxx River Coal by Consultant or Xxxxxx on or about the final day of each month and paid by Xxxxx River Coal within 7 days of receipt of each invoice. All expenses must be supported by sufficiently detailed receipts in order to qualify for reimbursement.
X. Xxxxx River Coal shall promptly remit to Consultant a retainer in the amount of sixty thousand dollars ($60,000.00) upon execution of this Agreement, which amount shall be credited against any amounts due at the termination of this Agreement and returned upon satisfaction of all payment obligations under this Agreement; provided, however, that such retainer shall be returned to Xxxxx River Coal if the retention of Consultant or the payment of such retainer by Xxxxx River is denied by the Bankruptcy Court.
Consultants Fees and Expenses. 4.1. The Company shall pay the consultant as a fee its services under this Agreement (the "Consulting Fee), US $10,000 per month, and provide a one-time issuance to the Consultant to of 250,000 options in the Company with a strike price of US $2.00 and an exercise date of January 1st, 2003.
Consultants Fees and Expenses. (a) During the term of this Agreement, the Company shall pay Consultant a fee of $25,000 for each full week that Consultant provides Services. Payments for Services shall be made to Consultant on a bi-weekly basis within one week after the receipt of an invoice from the Consultant. With regard to any partial weeks, Consultant shall be paid a pro-rata fee based on a 24-hour work week.
(b) During the term of this Agreement, Consultant shall xxxx and the Company shall reimburse the Consultant for all reasonable and approved out-of-pocket expenses which are incurred in connection with the performance of the Services hereunder, including, but not limited to, commuting and housing costs each week, consistent with the Company’s expense reimbursement policy.
(c) The Consultant is solely responsible for the payment of all income, social security, employment-related, or other taxes incurred as a result of the performance of the Services by Consultant under this Agreement and for all obligations, reports, and timely notifications relating to such taxes. The Company shall have no obligation to pay or withhold any sums for such taxes.
Consultants Fees and Expenses. The Borrower shall reimburse each of the Second Lien Consultants for the reasonable fees and documented expenses of such Second Lien Consultant retained on behalf of the Lenders pursuant to this Section 15.14, including the reports to be provided by any of the Second Lien Consultants as contemplated by Section 9.01.
Consultants Fees and Expenses. (a) During the term of this Agreement, the Company shall pay Consultant a fee of $27,000 for each full month that Consultant provides Services. Consultant shall be paid a pro-rata fee for any partial months occurring during the term of this Agreement. Consultant shall be paid on the first business day of each month following service.
(b) In addition, during the term of this Agreement, the Company shall pay to Consultant a monthly stipend of $1,000 to cover the Consultant’s expenses incurred in connection with the Consultant’s travel from Colorado to the Company’s offices in Gaithersburg, Maryland, including, but not limited to, lodging and meal costs. This stipend shall be paid on the first business day of each month following service. With respect to any other travel by Consultant made at the request of the Company, the Company shall reimburse the Consultant for all reasonable and pre-approved out-of-pocket expenses which are incurred in connection with such travel, consistent with the Company’s expense reimbursement policy.
(c) The Consultant is solely responsible for the payment of all income, social security, employment-related, or other taxes incurred as a result of the performance of the Services by Consultant under this Agreement and for all obligations, reports, and timely notifications relating to such taxes. The Company shall have no obligation to pay or withhold any sums for such taxes.
Consultants Fees and Expenses
