Consulting Commitment Sample Clauses

Consulting Commitment. We commit to engage you as a consultant for the full term of any vesting period under any grant of options you may receive as a Director of the Company or 24 months, whichever is longer.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Consulting Commitment. (a) The term of this Agreement will commence on the Effective Date and continue until the first anniversary of the Effective Date (the “Term”). Thereafter, the Term will be automatically renewed for successive terms of one (1) year, each upon the same terms and conditions set forth in this Agreement. Either party may terminate this Agreement for any reason upon thirty (30) days prior written notice by the terminating party to the other party. (b) GCC hereby engages the Company, and the Company agrees, to provide consulting services to GCC on an as-needed basis with respect to such matters relating to the Business as GCC may reasonably request (the “Services”). (c) The Company will be paid an annual consulting fee of $ for the rendering of the Services by the Company to GCC, payable periodically throughout the year, as mutually agreed by the parties for the following factors: (i) increase to the number of employees of GCC; (ii) increases to the profit of GCC; (iii) greater volume of business of GCC; and (iv) contests or races by customers of GCC that GCC wins. (d) GCC will reimburse the Company for reasonable out-of pocket expenses, which are incurred by the Company in rendering the Services. For all such expenses, the Company must furnish to GCC statements, receipts and vouchers as and when required by and to the reasonable satisfaction of, GCC. (e) The Company may hire or assign its own personnel (the “Peresonnel”), on the Company’s own terms (and without the consent of GCC), to undertake the Services.
Sample 1Sample 2
Consulting Commitment. (a) Executive shall, as provided in this Section 5.6, serve as a consultant to Parent during the Consulting Period in the event of Executive's termination of employment pursuant to Section 5.1, 5.3 or 5.4 above. The "Consulting Period" (i) in the event of termination of Executive's employment pursuant to Section 5.1 or 5.4 above shall be from the date of such termination until the date that is the later of (x) the third anniversary of the Closing Date and (y) the date that is two (2) years following such termination, and (ii) in the event of termination of Executive's employment pursuant to Section 5.3 above shall be from the date of such termination until the date that is two (2) years following such termination. (b) The Parent shall be entitled to require the Executive to be available to render consulting services up to seventy-five (75) hours per month, at times mutually agreed upon from time to time by Executive and the Parent. Executive shall perform such services in San Diego County, California, or such other place as may be mutually agreed upon in writing by Executive and the Parent. (c) In exchange for Executive's availability, the Parent shall pay base consulting fees at a rate of $450,000 per year payable in equal installments on dates coinciding with salary payments made to the Parent's other executive officers, with payment for any partial pay period to be prorated (based on the number of days during the Consulting Period in such pay period relative to the number of days in such pay period). In addition, the Parent shall pay "bonus consulting fees" for each fiscal year of the Parent in accordance with Exhibit A and Executive shall continue options vesting pursuant to Section 4.2, as if Executive were still a full-time employee of the Parent (including with respect to partial-year service). If the Parent determines that it is obligated to do so, it shall be entitled to withhold from the Executive's consulting compensation such amounts as may be required by tax or other government authorities. Notwithstanding anything in this Agreement to the contrary, in the event Executive dies or is permanently disabled (as defined in Section 22(e)(3) of the Internal Revenue Code) while a consultant of the Parent pursuant to this Section 5.6, Executive or Executive's estate, as appropriate, will be entitled to all consulting fees and continuation of option vesting contemplated by Section 4.2 as if Executive provided consulting services pursuant to Section 5.6 ...
Sample 1
Consulting Commitment. During the Consulting Term, Consultant shall make and hold himself available to the Company on a full-time basis to perform such duties as are assigned to him by the Company, including without limitation consulting on major projects (including without limitation consulting on major 2011 capital expenditure projects such as the Houston expansion), due diligence with respect to potential acquisitions and leading integration on any completed acquisitions, succession planning, and providing on-going support and consultation to the Chief Executive Officer and Chief Financial Officer and the Board of Directors as needed. Consultant shall be expected to perform the services hereunder from his home in Jacksonville, Florida or other appropriate location, unless the Company or Consultant determines that Consultant’s physical presence is necessary on a temporary basis at the Company’s offices or other location, and provides the other party with reasonable advance notice of such need. Reasonable out-of-pocket travel costs incurred by Consultant for Company-requested travel shall be reimbursed by Company in accordance with any of its applicable then-in-effect travel and reimbursement policies. Company will provide reasonable office and administrative support upon request by Consultant and agreement of the parties and will provide office space at its offices in New Orleans, Louisiana for Consultant’s use if requested by, and upon reasonable advance notice by, Consultant. Consultant shall perform services under this Agreement in a professional manner and in accordance with the highest applicable professional standards.
Sample 1
Consulting Commitment. 2.1 During each month of the consulting Term, the Consultant (subject to allowances for illness and reasonable vacation) shall hold himself available, upon reasonable notice and during normal business hours, for 20 hours of business discussions or consultations with the chief executive officer of the Company or with other senior officers or directors of the Company as designated by the chief executive officer with the advice and consent of the Consultant. In connection with any consulting services rendered, the Consultant shall report solely and directly to the chief executive officer.
Sample 1
Consulting Commitment. During the Consulting Term, the Consultant shall make himself available to the Chief Executive Officer of the Company (the “CEO”), or his designees, upon reasonable notice and during normal business hours, to consult with the CEO or his designees regarding matters within the Consultant’s knowledge, expertise and experience, consistent with the services performed by the Consultant as Senior Vice President and Chief Administrative Officer of the Company (the “Consulting Services”). The Consulting Services shall be provided telephonically or electronically whenever possible, and in person as needed from time to time. The parties hereby agree that the Consultant’s time commitment for the Consulting Services to be provided pursuant to this Agreement shall not exceed 250 hours per year and in any event shall not exceed five hours per week, unless otherwise agreed to by the Consultant and the Company in writing.
Sample 1
Consulting Commitment. During the Consulting Term, the Consultant shall make himself available to Txxx Xxxx, the incoming acting Chief Financial Officer of the Company, or such other Chief Financial Officer of the Company (acting or otherwise) employed at any time during the Consulting Term (the “CFO”), as well as to the Chairman of the Audit Committee, upon reasonable notice and during normal business hours, to consult with the CFO or Audit Committee Chairman, as the case may be, regarding matters within the Consultant’s knowledge, expertise and experience, consistent with the services performed by the Consultant as Chief Financial Officer of the Company, including, without limitation, providing transition services to the incoming CFO, attending such meetings as the Company may reasonably require for proper communication of advice and consultation, cataloging of all items available on Company computers, providing assistance and support to the Company’s worldwide operations, and any other services as reasonably requested by the CFO or Audit Committee Chairman (the “Consulting Services”). More specifically, the Consulting Services may include, without limitation, answering questions from the worldwide accounting staff of the Company and its subsidiaries, providing advice regarding US and international taxes and accounting principles, introduction to all commercial and investment bankers, accountants and attorneys that Consultant has dealt with and provision of all accounting, legal and other background information requested by the Company. The Consultant and Company agree that the Consulting Services shall not include any certifications under the Sxxxxxxx-Xxxxx Act of 2002 (Pub. L. 107-204), or any management decisions. The Consultant and Company agree that proper performance of the Consulting Services may require up to 20 hours of Consultant’s business time each week during the first six weeks of the Consulting Term and up to 10 hours per week thereafter. The Consultant and Company further agree that the Consulting Services may generally be properly performed remotely via telephonic or electronic communication and that Consultant will not be required to perform any Consulting Services at Company’s offices unless his appearance is requested upon reasonable notice.
Sample 1
AutoNDA by SimpleDocs
Consulting Commitment. Biogan hereby engages Consultant, and Consultant agrees, to provide consulting services to Biogan. Consultant shall provide consulting services on such terms and conditions as are from time to time mutually agreed upon by Consultant and Biogan.
Sample 1

Related to Consulting Commitment

  • Consulting Arrangement At the Company’s option, the Company and Employee will enter into a consulting arrangement for a period of six (6) months from the date of such termination the “Consulting Period”), which arrangement will provide for (A) payment by the Company based upon a full-time monthly rate equal to 100% of Employee’s monthly base salary as of the date of such termination and (B) such other terms of service as shall be negotiated in good faith by the Company and Employee; provided, however, that if the Company determines not to enter into the negotiation of a consulting arrangement, or the Company and Employee cannot, following good-faith negotiation, agree upon the terms of such consulting arrangement, then promptly following such determination or the termination of such negotiations, as the case may be, Employee will be paid a lump-sum amount of cash equal to six (6) months of Employee’s base salary as of the date of such termination, less applicable withholding; provided further, however, that if during the Consulting Period Employee engages in Competition or breaches the covenants in Section 6 or in the separation agreement and release of claims, all payments pursuant to this subsection will immediately cease.

  • Consulting Fee The Company shall pay the consultant the sum of six thousand two hundred fifty dollars ($6,250) per month (prorated for any partial month), which shall be paid in arrears in two installments of three thousand one hundred twenty-five dollars ($3,125) each on the 15th and 30th day of each calendar month.

  • Consulting Agreement Effective upon Executive’s termination of employment for any reason other than Executive’s termination by the Company for Cause, HCC hereby retains Executive as a consultant (an independent contractor and not as an employee) for a period of five (5) years (the “Consulting Period”). During the Consulting Period, Executive shall serve as Non-Executive Chairman of the Board. Termination of the Term shall not effect the Parties’ rights and obligations under this Section 6, subject to the following: Executive agrees to provide, if requested, 1,000 hours of service (the “Consulting Services”) per year, as required by the Company. Prior to a Change of Control, the Company shall use its best effort to cause Executive to continue as a Director and Chairman of the Board during the term of the Consulting Period. HCC shall pay Executive $450,000 per year of the Consulting Period, payable quarterly, in advance. Executive may elect to delay payment for services, but not the services themselves. During such Consulting Period, Executive shall receive, to the extent permitted by law and the terms of any existing plan, all of the Company’s benefits as if Executive was a full time employee. In addition, the terms of this Section 6 shall remain in full force and effect whether or not Executive dies or suffers a Disability pursuant to the terms hereof during the Consulting Period. Further, if at any time during the Term of this Agreement Executive shall elect, at his sole option, to cease being a full time employee, then and in that event, Executive shall become a consultant pursuant to the terms of this Section. During the Consulting Period, Executive shall have the right to the same benefits for the same purposes and to the same extent as were in effect during the term of this Agreement, provided, however, if Executive ceases to be the Executive Chairman, Executive shall no longer receive Deferred Compensation. The Consulting Services to be provided shall be commensurate with Executive’s training, background, experience and prior duties with the Company Executive shall receive such stock options or cash bonuses as the Compensation Committee, in its sole discretion shall determine. Executive agrees to make himself reasonably available to provide such Consulting Services during the Consulting Period; provided, however, the Company agrees that it shall provide reasonable advance notice to Executive of its expected consulting needs and any request for Consulting Services hereunder shall not unreasonably interfere with Executive’s other business activities and personal affairs as determined in good faith by Executive. In addition, Executive shall not be required to perform any requested Consulting Services which, in Executive’s good faith opinion, would cause Executive to breach any fiduciary duty or contractual obligation Executive may have to another employer. Further, during the Consulting Period, Executive shall not be subject to any non-competition provisions except for the two-year period provided for in Section 5(c). Unless waived by Executive, Executive shall not be required to perform Consulting Services for more than four (4) days during any week or for more than eight (8) hours during any day. Executive’s travel time shall constitute hours of Consulting Services for purposes of this Section 6. The Parties contemplate that, when appropriate, the Consulting Services shall be performed at Executive’s office or residence and at the Company’s executive offices in Houston, Texas and may be performed at such other locations only as they may mutually agree upon. Executive shall be properly reimbursed for all travel and other expenses reasonably incurred by Executive in rendering the Consulting Services.

  • Consulting Fees The Consultant shall be entitled to $375 per hour, not to exceed $3,000 per day, of Service actually performed by the Consultant hereunder. The Consultant shall submit to the Company monthly statements, in a form satisfactory to the Company, detailing Services performed for the Company in the previous month. The Company shall pay to the Consultant consulting fees with respect to all Services actually performed and invoiced within 30 days after Company’s receipt of each monthly invoice.

  • Consulting Period The Consulting Relationship will be deemed to have commenced on the Separation Date and will continue until October 15, 2023 unless the Consulting Relationship has already been terminated earlier pursuant to Section 3(g) below (the “Consulting Period”).

  • Employment and Consulting Agreements Xxxxxxx X. Xxxx and Xxxx X. Xxxxxx shall have executed and delivered employment agreements with BRI, and Xxxxxx Xxxx shall have executed and delivered a Consulting Agreement with BRI.

  • Consulting Agreements Buyer shall have entered into the Consulting Agreements with the Shareholders.

  • Consulting Services Except as ADB may otherwise agree, and except as set forth in the paragraph below, the Borrower shall apply quality- and cost-based selection for selecting and engaging Consulting Services.

  • Consulting Firm If at the end of such periods contemplated by subsection 3 above, the parties do not mutually agree on a Corrective Action Plan, then either party may refer the Corrective Action Plan to a mutually agreed, nationally (U.S.) recognized consulting firm with applicable expertise in such matters (the “Consulting Firm”) and each party shall execute any reasonable engagement letter requested by such Consulting Firm. If the Purchasers and the Sellers fail to agree on the choice of a Consulting Firm within three (3) Business Days of either party electing to refer the Corrective Action Firm to a Consulting Firm, then the Sellers and Purchasers shall each select one nationally (U.S.) recognized consulting firm with applicable expertise in such matters and those two consulting firms will select a third nationally (U.S.) recognized consulting firm to be the Consulting Firm. The fees and expenses of any Consulting Firms selected pursuant to this Section II.A.4 shall be borne equally by the Sellers, on the one hand, and the Purchasers, on the other hand,.

  • Consulting Term Subject to the terms and conditions hereof, the Company agrees to retain the Consulting Director for a term of three (3) years commencing as of the date Consulting Director's retirement from the Board of Directors of the Company ("Effective Date"). The Company may not terminate the Consulting Director's service agreement prior to the end of the three-year term unless such termination is due to a Termination for Cause as defined herein.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!