Consulting Payments Sample Clauses
The Consulting Payments clause defines the terms and conditions under which a consultant will be compensated for their services. It typically outlines the payment schedule, rates, invoicing procedures, and any reimbursable expenses, ensuring both parties understand when and how payments will be made. By clearly specifying these details, the clause helps prevent disputes over compensation and ensures timely and accurate payment for consulting work performed.
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Consulting Payments a. During the Consulting Period (as hereinafter defined) ALARIS shall pay Executive consulting payments at the rate of $37,834 per month (Executive's current base salary), paid on ALARIS' normal payroll schedule (subject to all applicable withholding). These payments shall be made in consideration for Executive's services as a consultant during the aforesaid Consulting Period.
b. Executive acknowledges and agrees that the consulting payments described above and the additional benefits described in paragraph 3 are in lieu of any severance compensation or benefits to which he may be entitled pursuant to Company policy, his Employment Agreement, the ALARIS Severance Plan for Officers and Key Contributors or otherwise.
c. Notwithstanding anything to the contrary contained in this Agreement, Executive shall retain any vested benefits to which Executive may be entitled under the Company's 401k Retirement Savings Plan as of the Separation Date.
Consulting Payments. As compensation for his services hereunder, and subject to the terms of this Agreement, Consultant shall be paid, during the Consulting Period, an aggregate amount equal to two (2) months of his annual base salary in effect as of the date hereof, which amounts shall be paid in equal monthly installments; provided, however, that if he shall be in material breach of the terms of this Agreement or the Separation Agreement (as determined by a three-member arbitration panel comprised of two party-appointed arbitrators who will then select the third member of the panel (collectively, the “Panel”)) after Consultant is provided written notice of such breach and a twenty-one (21) day period to cure such breach, if such breach is amenable to cure), then effective as of the date the Panel specifies in its written determination that such breach occurred and was not timely cured (such uncured material breach, a “Breach”): (a) no further payments shall be made under this Section 3; and (b) the Consulting Period shall terminate. Between the date of written notice of alleged breach and the date on which the Panel issues its written determination as to whether there was a Breach (the “Determination Date”), amounts which would otherwise have been paid pursuant to this Section 3 during such period shall instead be deposited with the neutral arbitrator described above, to be paid to Consultant or returned to the Company, as the case may be, within seven (7) days following the Determination Date. Upon termination of the Consulting Period due to death or Disability (as defined below), then so long as Consultant is not then in Breach of this Agreement or the Separation Agreement (as determined in accordance with the process set forth in the foregoing provisions of this Section 3), Consultant (or Consultant’s estate, as the case may be) shall be entitled to continue to receive any remaining payments under this Section 3 as if the Consulting Period had continued through the date which is two months following the Effective Date.
Consulting Payments. As compensation for the Work, Client shall issue to Consultant the shares referenced in Exhibit A of the Separation Agreement (the “Consulting Payments”).
Consulting Payments. The Company shall pay to the Board Member, as remuneration of his services, monthly consulting payments as set forth on Exhibit A.
Consulting Payments. During the Consulting Term, the Company shall pay to Consultant an amount equal to fifty percent (50%) of Consultant's annual base salary from Sportmart as in effect on September 26, 1997 ("Total Cash Compensation") in equal bi-weekly periodic installments. Consulting payments under this Agreement shall continue to be paid during any period that consulting services are not required to be performed pursuant to Section 1 hereof due to physical or mental inability as described therein.
Consulting Payments. OccuLogix agrees to pay Stock a total of One Percent (1.0% USD) of Total Net Revenues that OccuLogix receives from the bona fide commercial sales of its Products sold in reliance and dependence upon the validity of the Patent's claims and of the Patent Rights in the Territory. All payments due hereunder shall continue until the termination of the Agreement, to Stock, his assigns, heirs, or otherwise; even in the event of Stock's death.
Consulting Payments. AHL and Consultant hereby acknowledge that the compensation payable to Consultant hereunder has been fully negotiated and represents fair consideration for the consulting services to be rendered by Consultant. Consultant further acknowledges that he is aware of the federal and state income tax consequences which are applicable to income received for consulting services. Neither Consultant nor AHL shall report the compensation received by Consultant hereunder on any federal or state income tax return in any manner other than as payment for consulting services, and neither Consultant nor AHL shall assert in connection with any claim for a refund for income taxes paid, in connection with any administrative or judicial proceeding, or in connection with any proposed or actual assessments of additional income taxes that the compensation received by Consultant hereunder was paid by AHL other than in consideration for the consulting services which Consultant is to render hereunder.
Consulting Payments. Subject to your not revoking your waiver of rights under ADEA as described in Section 5(b) and your complying with the terms and conditions of this Agreement and in consideration thereof, you will receive the following payments and benefits:
Consulting Payments. In exchange for his services as a consultant to the Company pursuant to Section 1.2, Executive shall be paid a consulting fee at the annual rate of Ninety Thousand Dollars ($90,000) (the "CONSULTING FEE"). Payments shall be made in regular equal installments as the Company and Executive may agree, but no less frequently than monthly.
Consulting Payments a. Subject to subparagraph 2(b) below, for a period of five (5) years following the closing of the Empress Acquisition (the "Acquisition Date"), Horseshoe shall pay Empress a consulting fee of up to $4 million per year payable in monthly installments in arrears of $333,333 each until fully paid (the "Consulting Payments"), said payments are based on the savings to be realized by the Empress Joliet since the commencement of Dockside operations as evidenced by Attachment A. Consulting Payments will be made in the form directed by Empress from time to time. All Consulting Payments shall accelerate and become immediately due and payable upon such date as Jack ▇▇▇▇▇▇ ▇▇▇ members of his family cease to own directly or indirectly a majority of the outstanding equity interests of Horseshoe or any successor entity of Horseshoe, unless by agreement, operation of law or otherwise the successor entity or owner of the outstanding equity interests of the successor entity assumes the obligation to make the Consulting Payments in accordance with this Agreement.
b. The obligations of Horseshoe to make Consulting Payments to Empress hereunder shall be suspended during any period during which dockside gaming by Empress Casino Joliet Corporation is prohibited as a result of the repealing of the Dockside Legislation or as a result of any other governmental action of any type. If the obligation to make Consulting Payments following a suspension in accordance with the foregoing sentence is resumed more than 15 days after the beginning of a calendar month, the next Consulting Payment shall not be paid until the end of the subsequent calendar month. No Consulting Payments shall accrue or be due with respect to any period during which the obligation to make the Consulting Payments is suspended. No Consulting Payments shall be made after the date which is eight (8) years after the date of the Empress Acquisition; provided further, that the aggregate amount of the Consulting Payments to be made pursuant to this Agreement shall not exceed $20,000,000.