Common use of Daily Fee Clause in Contracts

Daily Fee. It is hereby acknowledged and agreed that the Consultant shall render the General Consulting Services as defined hereinabove, on a daily and on an as-when-needed basis as requested in writing by the Company prior to and at any time during the Initial Term and during the continuance of this Agreement, and shall thus be compensated on a daily (per diem) basis from the Execution Date of this Agreement to the termination of the same by way of the payment by the Company to the Consultant, or to the further order or direction of the Consultant as the Consultant may determine, in the Consultant's sole and absolute discretion, and advise the Company of prior to such payment, of the daily (per diem) fee of U.S. $350.00 per day for the General Consulting Services having been provided hereunder (the daily "Fee" and the totality of any Fee for any month during the Initial Term and during the continuance of this Agreement being, collectively, also the Fee herein). Such daily aggregate Fee during each month will be due and payable by the Company to the Consultant, or to the further order or direction of the Consultant as the Consultant may determine, in the Consultant's sole and absolute discretion, and advise the Company of prior to any such Fee payment, on the final business day of each month during the Initial Term and during the continuance of this Agreement during which any such General Consulting Services were provided by the Consultant as requested by the Company in advance in writing.

Daily Fee. It is hereby acknowledged and agreed that the Consultant shall render the General Consulting Services as defined hereinabove, on a daily and on an as-when-needed basis as requested in writing by the Company prior to and at any time during the Initial Term and during the continuance of this Agreement, and shall thus be compensated on a daily (per diem) basis from the Execution Date of this Agreement to the termination of the same by way of the payment by the Company to the Consultant, or to the further order or direction of the Consultant as the Consultant may determine, in the Consultant's sole and absolute discretion, and advise the Company of prior to such payment, of the daily (per diem) fee of U.S. $350.00 400.00 per day for the General Consulting Services having been provided hereunder (the daily "Fee" and the totality of any Fee for any month during the Initial Term and during the continuance of this Agreement being, collectively, also the Fee herein). Such daily aggregate Fee during each month will be due and payable by the Company to the Consultant, or to the further order or direction of the Consultant as the Consultant may determine, in the Consultant's sole and absolute discretion, and advise the Company of prior to any such Fee payment, on the final business day of each month during the Initial Term and during the continuance of this Agreement during which any such General Consulting Services were provided by the Consultant as requested by the Company in advance in writing.