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. 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 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. 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. 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. 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. Company 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 Company 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 Company 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 Company other than in consideration for the consulting services which Consultant is to render hereunder.
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 One Hundred Thousand Dollars ($100,000) (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. If the terms of this Agreement are accepted by you, and you return a fully executed original of this Agreement to Corporate Employee Relations – M&T at One M&T Plaza, 7th Floor, Buffalo, New York 14203 on or before February 29, 2024, you do not thereafter revoke this Agreement, which you may do within seven (7) calendar days from the date that you sign it, you execute, as described in Paragraph 11, the attached General Release and Waiver, you do not revoke that General Release and Waiver, and you comply with the terms of both Agreements, you will be entitled to transition into a consulting role as described in Paragraph 4, for which you will receive a monthly consulting fee of $101,666.66 for the Consulting Period (from June 1, 2024 through May 31, 2026) (the “Consulting Payments”). These Consulting Payments will commence within 21 days of the commencement of the Consulting Period, provided you have signed both this Agreement and the attached General Release and Waiver, as described in and consistent with Paragraph 11, and the revocation periods for both the Agreement and the General Release and Waiver have expired without revocation. You will not be eligible for any other compensation, benefits, or equity in connection with your provision of the services you provide as a Consultant. You also understand and agree that you will forfeit and not be entitled to receive the Consulting Payments described above if: (i) you breach any written agreement between you and M&T Bank, including this Agreement; (ii) you act or fail to act in a manner that results in or is intended to result in detrimental consequences to M&T Bank after notification of retirement; (iii) you improperly disclose proprietary or confidential information or trade secrets of M&T Bank; or (iv) you commit misconduct or other terminable offense. Any revocation of this Agreement must be in writing and must be delivered to Corporate Employee Relations - MRT at One M&T Plaza, 7th Floor, Buffalo, New York 14203 by 5 p.m., within seven (7) calendar days from the date you have executed this Agreement. This Agreement will not become effective until after your 7-day revocation period has expired.
