Consulting Fees and Expenses. The Company shall pay to the Consultant a consulting fee of Twenty Thousand ($20,000.00) Dollars per month (the "Consulting Fee").
Consulting Fees and Expenses. The Company shall pay to the Consultant a consulting fee of Three Thousand ($3,000.00) Dollars for each new resident admitted to the Facility up to the maximum occupancy of the building (the "Consulting Fee"), payable 15 days in arrears after the quarter end.
Consulting Fees and Expenses. 1. In exchange for providing the consulting services hereunder, during the term of this Agreement, Scotts shall pay Contractor a consulting fee consisting of a combination of cash and restricted stock units, as follows:
a. A monthly cash payment of $75,000 for each month during the term irrespective of whether Scotts requests that Contractor provides consulting services hereunder. Contractor shall be required to submit monthly invoices including days/hours worked with brief descriptions of the services provided. Scotts shall pay Contractor within 30 days of its receipt of Contractor’s invoices.
b. Subject to Contractor providing consulting services required by this Agreement throughout the complete term of this Agreement, the Company will provide Contractor a one-time grant of grant of restricted stock units (“RSUs”) with a grant date value of $400,000. The RSUs’ shall be issued in the name of Xxxx Xxxxx individually. The number of RSUs will be determined by dividing the intended grant date value by the closing price of a share on the grant date, rounded up to the next whole share. Each Mr. Xxxx Xxxxx – 3 – January 31, 2017 Chief Executive Officer Xxxxx Projects LLC dividend equivalent represents the right to receive additional RSUs in respect of the dividends that are declared and paid during the period beginning on the Grant Date and ending on the applicable Settlement Date. Except where Scotts terminates this Agreement without Cause, the RSUs and any related dividend equivalents will vest on January 31, 2018, provided that this Agreement has not otherwise been terminated or notified for termination on that date, and provided that Contractor has fulfilled Contractor’s full service obligation to Scotts under the terms of this Agreement. In the event that Scotts terminates this Agreement without Cause, then the RSUs and the related dividend equivalents shall vest on a pro rata basis determined by dividing the number of days into the term of the Agreement as of and including the termination date divided by 365 and rounding up to the nearest whole share. The vested RSUs and related dividend equivalents, if any, will be settled as soon as administratively practical following vesting.
i. With the exception of the vesting provisions described above, the award of RSUs and related dividend equivalents shall be subject to the terms of The Scotts Miracle-Gro Company Long Term Incentive Plan, effective as of January 27, 2017 (the “Plan”), and the standard terms and ...
Consulting Fees and Expenses. A. The Company shall pay to the Consultant a consulting fee of Forty-Four Thousand Four Hundred Forty-Four and 44/100 Dollars ($44,444.44) (the "Consulting Fee), per month, payable on the last day of each month during the term hereof.
B. The Consultant shall be entitled to reimbursement of all actual, verifiable and reasonable out-of-pocket expenses.
Consulting Fees and Expenses. The COMPANY shall pay to GAHS a cash consulting fee of $60,000, payable as follows: $15,000 monthly in advance for the term of this Agreement. Any amounts actually paid to GAHS as consulting fees will be offset against any Accomplishment Fee. The COMPANY also shall reimburse GAHS monthly in arrears for all reasonable out-of-pocket expenses incurred on behalf of the COMPANY. GAHS will secure the COMPANY’s verbal or written authorization before incurring any expenses in excess of $500 and shall use COMPANY authorized travel agents when booking travel unless a written waiver is obtained in each instance. GAHS shall provide detailed monthly itemized summaries of expenses for which reimbursement is requested by GAHS. The COMPANY agrees that any unpaid payment (or portion thereof) of any fee, expense, consulting fee, or other amount payable to GAHS shall bear interest payable at the highest rate of interest permissible by law, but not to exceed 12 percent per annum, from the date that such payment is due hereunder to the date that said payment is paid in full.
Consulting Fees and Expenses. For any Consulting Services purchased by Client directly from OpenNMS, Client will (a) pay to OpenNMS the fees specified in the applicable SOWs and
Consulting Fees and Expenses. 5.1 The Company shall pay the Contractor CDN$ 17,128.33 per month as a base consulting fee (the “Base Monthly Fee”), plus applicable HST, payable in advance on the first business day of each calendar month;
5.2 The Contractor shall submit a monthly invoice in a form acceptable to Company.
5.3 The Company shall reimburse the Contractor for any reasonable out-of-pocket expenses incurred by the Contractor at the request of the Company. Additionally, prior to the reimbursement of such expenses, the Company shall require the Contractor to prepare a detailed summary of the expenses incurred and submit it to the Company together with appropriate supporting receipts, invoices, and other documentation showing such information as the Company and Contractor shall from time to time agree. The Company may make an advance to the Contractor to cover such expenses, provided that: (i) the Contractor shall subsequently provide a detailed summary of the expenses incurred (with supporting receipts) to account for the advance, and (ii) the Contractor specifically acknowledges to repay the balance of any outstanding advance immediately upon the termination of this Agreement (irrespective of how such termination is caused), and that this repayment obligation shall constitute a debt owing by the Contractor to the Company. Any expenses greater than $250, must be approved in writing.
5.4 The Appointed Consultant shall be eligible to participate in the Company’s stock option plan, as may be amended from time to time and subject to the terms thereof, and the Contractor shall be eligible for a discretionary bonus payment up to 30% of the annual base consulting fees outlined in 5.1, to be determined in the sole and exclusive discretion of the Board of Directors.
5.5 Subject to the approval of the Board of Directors, the Appointed Consultant shall be granted options to purchase common shares in the Company, subject to the terms and conditions of the Company’s applicable stock option plan, at or around the time that this Agreement is approved, and from time to time thereafter as the Board of Directors may determine.
5.6 The Company will maintain appropriate amounts of directors and officers’ insurance coverage and will name the Contractor and the Appointed Consultant as an additional insured subject to and in accordance with the terms and conditions of such coverage.
Consulting Fees and Expenses. 5.1 The Company shall pay to the Consultant and initial Advisory fee of $35,000 (plus HST, if applicable) for services provided prior to the execution of this agreement, and a monthly fee commencing the date hereof in the amount of eight thousand Dollars ($8,000) per month (plus HST, if applicable) (the "Base Fee") payable on a monthly basis as consulting fees for the Consultant's services pursuant to this Agreement. The performance of the Consultant will be reviewed annually by the Company, and at the sole option of the Board the Base Fee of the Consultant may be increased; provided, however, the Company shall be under no obligation to increase the Base Fee at the time of any such review. Additionally, the Consultant will be entitled to participate in the Company's stock option plan and to receive incentive share options as determined by the Board or the compensation committee of the Company and in accordance with the stock option plan established by the Company
5.2 The Consultant agrees to render a monthly invoice to the Company, in a form acceptable to the Company, for the Consulting Services provided in that month, along with any reasonable expenses incurred by the Consultant while providing the Consulting Services. The Consultant also agrees to supply its HST registration number to the Company.
5.3 The Company shall also reimburse the Consultant for any reasonable out-of-pocket expenses incurred by the Consultant at the request of the Company. Prior to the reimbursement of such expenses, the Company shall require the Consultant to prepare a detailed summary of the expenses incurred and submit it to the Company together with appropriate supporting receipts, invoices, and other documentation showing such information as the Company and Consultant shall from time to time agree.
5.4 The Company may provide an annual discretionary bonus to the Consultant, if the Consultant and the Company meet performance objectives to be mutually agreed upon by the Consultant and Board. Whether to give a bonus and the amount of any such bonus are within the sole discretion of the Company. The amount of such bonus will not exceed 100% of the Base Fee during any year.
Consulting Fees and Expenses. A. The Company shall pay to the Consultant a monthly retainer of Ten Thousand ($10,000) Dollars (the "Retainer"), payable on the first (1st) day of each calendar month during the term of this Agreement.
B. The Consultant shall be entitled to reimbursement of all actual, verifiable and reasonable out-of-pocket expenses.
Consulting Fees and Expenses. Contractor’s fees and entitlements for the full and proper performance of this Agreement shall be as set forth in Appendix A, and fees shall be payable in installments as more fully described in Appendix A. Contractor shall be reimbursed for all travel and other expenses incurred by Contractor in connection with or related to the performance of the Services subject to A123’s expense policies.
