Consulting Status Clause Samples

Consulting Status. Subject to Sections 6(c) and (d) of this Agreement, at the end of the Employment Term, Employee shall relinquish his responsibilities as President of Employer and shall become an independent consultant to Employer. As an independent consultant, Employee shall render services as an independent contractor (and not as an employee) in the nature of customer and community relations, business development, employee relations and general advice and assistance relating to Employer’s customers and employees and to the growth and development in Virginia and elsewhere of the business of Employer. Such services shall be rendered at such times, in such amounts, in such manner, in such places and on such schedule as shall be determined by Employee at his sole discretion so long as it results in no unusual expense to Employer, and Employee shall attempt for his consulting activities to be performed in a manner and at times and places convenient to the Employer. Employee shall not be required to maintain records of hours worked or to work in accordance with any fixed schedule during the period that he renders consulting services. Employee shall be allowed to obtain any other employment and engage in any type of activity as long as it does not violate Section 4(a) (as interpreted in this Section 8 with reference to the Consulting Period and not the post-employment termination period referenced in Section 4(a)) and in the event of any scheduling conflict between Employer’s request for consulting and Employee’s other activities, Employee shall have the sole discretion to determine which activities to undertake without such decision constituting a violation of his consulting obligations or his right to the Consulting Compensation. During such period, the following provisions shall be applicable: (a) The period that Employee renders the consulting services hereunder (the “Consulting Period”) shall commence on the day following the end of the Employment Term or sooner in the event of any earlier termination and shall terminate on the second anniversary of such date. (b) Employee acknowledges that the Consulting Compensation payable to him during the Consulting Period is in substantial part in exchange for the covenant not to engage in a Competitive Business set forth in Section 4(a), and consequently Employee agrees that the provisions of Section 4(a) shall apply with respect to him until the close of the Consulting Period (and that the period provided in Section 4(b), (c) or (d...