Consulting Compensation. In consideration for the services to be provided by the Consultant pursuant to Section 1, above, the Consultant shall be compensated as follows:
Consulting Compensation. As consideration for rendering the Services, the Company will pay to Consultant compensation (“Consulting Compensation”) as follows.
Consulting Compensation. If the Executive is still employed by Ascent on the date preceding the sixth anniversary of the Effective Date, and if by such date the Executive and Ascent have not executed a written agreement for an additional term of employment, then the Employment Period shall expire and, in addition to and without limitation of any rights of either party under this Agreement or otherwise, Ascent shall retain the Executive as a non-exclusive consultant and, as compensation for such consulting services, shall pay the Executive an amount equal to one hundred percent (100%) of his then current Base Salary for an additional period of eighteen (18) months (the "Consulting Period"), and during the Consulting Period the Executive shall continue to receive Fringe Benefits (as defined below), and to vest in any employee stock options previously awarded to the Executive, but the Executive shall not be entitled to receive any Base Salary increases, bonuses, or further awards of stock options. Without limiting any of the Executive's other rights under this Agreement or otherwise, if the Executive is still employed by Ascent on the date preceding the fourth anniversary of the Effective Date and is retained as a consultant and is entitled to the compensation and benefits set forth in the immediately preceding sentence, then such compensation and benefits shall constitute the Executive's sole compensation resulting from the expiration of this Agreement, and the Executive waives any claims to any additional compensation other than as a result of Ascent's breach of this Agreement.
Consulting Compensation. Vesting of your outstanding stock options, restricted stock units and any other equity awards, if any (the “Equity”), will continue during the Consulting Period. Your Equity, including the terms and conditions of the Equity and your rights and obligations with respect to the Equity, will continue to be governed by the terms of your stock option grant notices, restricted stock unit grant notices and applicable plan documents pursuant to which you acquired the Equity. You understand and agree that the tax treatment of certain of your stock options may change depending upon when you exercise them and that the Company makes no representation as to the tax treatment that will be afforded to any of your options. In addition, during the Consulting Period and provided that you remain in compliance with this Agreement, you will receive as consulting fees $500 per hour for each hour of Consulting Services you are approved to perform and actually perform for the Company (the “Consulting Fees”). Because you will be providing the Consulting Services as an independent contractor, the Company will not withhold any amount for taxes, social security or other payroll deductions from the Consulting Fees. The Company will report the Consulting Fees on an IRS Form 1099. You acknowledge that you will be entirely responsible for payment of any taxes that may be due on the Consulting Fees, and you hereby indemnify, defend and save harmless the Company, and its officers and directors in their individual capacities, from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to the Consulting Fees. The Consulting Fees will be paid within thirty (30) business days of receipt by Company of each of your invoice(s) for Consulting Services.
Consulting Compensation. As full compensation for Consultant's services pursuant to Section 2.2 above, the Company shall:
Consulting Compensation. In consideration of the Services, Consultant will receive the stock purchase warrant attached hereto as Exhibit A. Consultant is responsible for all taxes on any consideration paid to Consultant pursuant to this Agreement.
Consulting Compensation. In consideration of the Employee's availability as a consultant or advisor to the Corporation during the five (5) year period commencing on the date of termination of the Employee's active and daily employment with the Corporation, Employee shall receive the additional amount of Twenty-Five Thousand Dollars ($25,000) per year (the "Consulting Retainer") in addition to the Full Benefit amount in paragraph three (3) above. These amounts shall constitute payment to Employee for his availability for up to forty-five (45) days of actual service to the Corporation as a consultant or advisor during any such year of availability. In the event the Corporation desires consulting or advisory services from Employee in addition to aforementioned forty-five (45) days, such service and the compensation therefor shall be subject to the mutual agreement of the Corporation and the Employee. The Consulting Retainer shall be paid whether or not Employee is requested by the Corporation to provide consulting or advisory services and shall be payable in a manner consistent with the Corporation's regular payroll system. The amount of the above Consulting Retainer payable under this Agreement shall be increased at the end of each calendar year commencing with the year 1998 and ending with the year preceding the last year during which consulting payments are made under this Agreement by a percentage of such amount equal to the lesser of (1) three percent (3%), or (2) the increase in the national Consumer Price Index ("CPI") as published by the United States Government for such year. Adjustments shall be effective on January 1 based on the CPI for the prior year computed from December to December. For the purposes of this Agreement, the CPI referred to shall be all items shown on the U.S. city average for urban wage earners and clerical workers (including single workers), all items, groups, subgroups and special groups of items as promulgated by the Bureau of Labor Statistics of the U.S. Department of Labor. If the U.S. Department of Labor ceases to publish the above described CPI, then such CPI as may be published by such Department most nearly approaching said discontinued CPI shall be used in making the above adjustments. If the Department discontinues any such CPI, then such CPI as may be published by another U.S. Government agency, as most nearly approximates the CPI first above referred to, shall govern, subject to the application of an appropriate conversion factor to be furn...
Consulting Compensation. During the Consulting Period and provided that you remain in compliance with this Agreement, you will receive as consulting fees $500.00 per hour for each hour of Consulting Services you are approved to perform and actually perform for the Company (the “Consulting Fees”). Because you will be providing the Consulting Services as an independent contractor, the Company will not withhold any amount for taxes, social security or other payroll deductions from the Consulting Fees. The Company will report the Consulting Fees on an IRS Form 1099. You acknowledge that you will be entirely responsible for payment of any taxes that may be due on the Consulting Fees, and you hereby indemnify, defend and save harmless the Company, and its officers and directors in their individual capacities, from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to the Consulting Fees. The Consulting Fees will be paid within thirty (30) calendar days after the Company’s receipt and approval of your invoice for a particular calendar month of service during the Consulting Period, provided that no Consulting Fees will be owed or paid prior to the date this Agreement has been executed and become effective by its terms.
Consulting Compensation. During the Consulting Term of this Agreement, Executive shall be paid monthly compensation of Eight Thousand Three Hundred Thirty-Three and 33/100 Dollars ($8,333.33), payable on the 1st day of each month during the Consulting Term.
Consulting Compensation. In consideration for the services to be provided by the Consultant and in recognition of past services provided, the Company wishes to provide an equity based compensation package to the Consultant. Recognizing that the Company has very limited working capital and cannot make payment to the Consultant in cash, the Consultant agrees to accept 10,000 common shares in the capital of the Company at a deemed value of $0.50 (trading price of the Company’s stock as of the date of the Effective Date) as full compensation for services provided to the Company under the Agreement. The shares shall be unrestricted, free-trading and will vest immediately to the Consultant upon their issuance by the company.
