Fee Arrangements. Prior to the Second Amendment Closing Date, the financial advisory service fee arrangements shall be as set forth in the Initial Letter. On the Second Amendment Closing Date, in lieu of any additional cash fees required to be paid to Furmxx Xxxx xxxsuant to the Initial Letter for such services, the Company shall issue to Furmxx Xxxx 000,000 unregistered shares (the "Shares") of the Company's common stock, par value $.00004 per share (the "Common Stock"). The aggregate dollar value of the Shares is $525,000.
Fee Arrangements. (a) During the Consulting Term, the Company shall pay the Consultant a base fee (the “Base Fee”) of One Hundred Thousand Dollars ($100,000). Notwithstanding the involuntary termination of this Agreement or the Consultant’s services hereunder or any performance or non-performance of the Consultant’s services hereunder, the Base Fee shall be paid in six (6) substantially equal monthly installments, with the first such installment due on the Effective Date and the remaining installments respectively due on the next five monthly anniversaries of the Effective Date. If (i) the Consultant voluntarily terminates his service hereunder or (ii) the Consultant is involuntarily terminated by the Company due to a sustained failure of the Consultant to performance his duties hereunder for more than thirty (30) consecutive days which failure is not cured within ten (10) days of the Consultant’s receipt of written notice thereof from the Board (which notice sets forth in reasonable detail the facts and circumstances claimed to constitute such sustained failure) (an “Uncured Sustained Failure to Perform”), no further payments of the Base Fee will be made thereafter. On the six (6) month anniversary of the Effective Date, the Company shall pay the Consultant a performance bonus of up to One Hundred Thousand Dollars ($100,000). Whether such bonus is awarded is dependent on a Board determination as to whether and the extent to which the Consultant's performance of his material duties hereunder has been satisfactory. The amount of such bonus, if any, will be in the discretion of the Board.
(b) On the Effective Date, the Company shall issue to the Consultant an option (the “Option”) to purchase 550,000 shares of the Company’s common stock, with an exercise price of $.70 per share. The Option shall become vested and exercisable as follows: (i) 41,667 shares shall vest immediately on the Effective Date, (ii) 41,667 shares shall vest on each of the first three (3) monthly anniversaries of the Effective Date, (iii) 41,666 shall vest on the next two monthly anniversaries of the Effective Date and (iv) the remaining 300,000 shares shall vest on the six (6) month anniversary of the Effective Date. The vesting of the options on the dates listed in (ii) and (iii) in the preceding sentence will not occur if the Consultant voluntarily terminates his service hereunder or the Consultant is involuntarily terminated by the Company due to an Uncured Sustained Failure to Perform before such dat...
Fee Arrangements. In consideration of Advisor's performance of the services listed above, Two Roads agrees to pay to Advisor or its designee, at the time of the closing of a Transaction, a cash success fee (the “Fee”) based on the Gross Aggregate Consideration associated with a Transaction in an amount determined by applying the formula shown below to the Transaction’s Gross Aggregate Consideration: 5% of the first one Million Dollars or part thereof, plus 4% of the next one Million Dollars or part thereof, plus 3% of the next one Million Dollars or part thereof, plus 2% of the next one Million Dollars or part thereof, plus 1% of any additional consideration. Advisor’s Fee shall be paid at the first closing of a Transaction, provided however that no fee will be due or payable to the extent Two Roads or any of its affiliates (including Purchaser) has previously been introduced to Target and advises you of such introduction within seven (7) days of Purchaser signing this Agreement. With respect to any deferred or contingent Gross Aggregate Consideration, the Fee associated with such amounts will be payable, without interest, at the time such Gross Aggregate Consideration is paid. Advisor’s Fee shall be paid by wire transfer within 30 days of the first closing and upon each other event giving rise to a payment hereunder.
Fee Arrangements. Power Technology agrees to pay fifty thousand shares as an engagement fee, in unrestricted shares of Power Technology. At closing, when Dx. Xxxxx supplies acquisitions or technologies to Power Technology. Dx. Xxxxx shall receive a fee of six percent (6%), in stock for any equity or at the rate of valuation of corporations, technologies, or value for any funding, acquisition, technology, capitalization, joint venture, merger, debt financing (for customer/company business) or financial growth, new business, or contributions vis equity or equity in kind brought forth by Dx.
Fee Arrangements. The Introducing Broker must advise each of the Clients, when required by law to do so, of the Introducing Broker’s fee arrangements with ACCESS DIRECT and payments will only be made in accordance with the requirements of FSC or Mauritius law.
Fee Arrangements. Power Technology agrees to pay four hundred thousand shares (400,000) as an engagement and structuring fee as follows: 100,000 shares at the signing, 150,000 shares at a purchase price of $.25 per share, 150,000 shares at $ .50 per share. All of the above shares will in unrestricted, free trading shares of Power Technology. The Three Hundred Thousand shares at their respective strike prices will remain available for purchase for a period of 24 months from the effective date of this agreement. Said shares will also be available as a cashless exercise. At closing when XXXXX supplies acquisitions or technologies to Power Technology, XXXXX shall receive a fee of five percent (5%) at closing, in stock, for any equity or at the rate of valuation of corporations, technologies or value for any funding, acquisition, technology, capitalization, joint venture, merger, debt financing (for customer / company business) or financial growth, new business, or contributions via equity or equity in kind brought forth by XXXXX. Power Technology also agrees to pay three percent (3%) commission for any new business introduced by XXXXX for companies owned by Power Technology, based on the gross sales, generated by these relationships. This commission is to be paid fifteen days after Power Technology is in receipt of the sales revenue. All records and progress shall be reported on a monthly program agreed by both parties once companies or products are introduced into this program. In addition, as approved in monthly work sheets, any out of pocket expenses incurred in the pursuit of funding or sales relationships shall be reimbursed by Power Technology within thirty days (30)
Fee Arrangements. The parties each agree to pay Xx. Xxxxxxxxxx a fee to be negotiated, as an initial retainer. Unless otherwise ordered by the Court or stipulated in the consent order, each party will be responsible for one-half (50%) of the retainer and all accrued fees. This retainer will be used to pay for fees for services that will be charged as follows: -For time spent in meeting with the parties, either together or individually, or on the telephone with the parties, their attorneys or collateral contacts, in connection with the above matter, the charge will be $225 per 45-minutes session. Longer sessions will be billed accordingly, on a prorated basis. • For time spent in session with either party alone, with both parties together, or with one party together with the minor child(ren) the charge will be $225 per 45- minute session. • For time spent in session with the minor child(ren), without the adults being present, the charge will be $225 per 45-minute session. • For time spent reading documentation, e-mails, correspondence, preparing notes, recommendations or reports for the parties, the attorneys, and/or the Court the charge will be $225 per hour, on a prorated basis. The initial retainer fee shall be negotiated. Unless otherwise ordered by the court, each party will be responsible for one half of the fee for services.
Fee Arrangements. ADVISOR hereby confirms that it has not paid and shall not pay a finder’s fee or placement fee and has not entered into, and shall not enter into, a fee sharing arrangement or any similar fee arrangement with any third party in connection with this engagement. Third parties include, but are not limited to, placement agents, any party acting for or through a placement agent, introducing brokers, marketing firms, consulting firms, and individuals.
Fee Arrangements. The Xxxxxxx County School District agrees to pay all fees and costs. Our normal hourly rate is $425 per hour but for this matter we will charge $225 per hour for all attorneys, and $150 to $175 per hour for paralegals, depending on skills and experience, unless otherwise agreed upon in writing. We bill in one-quarter of an hour increments. Billed time includes communications with you and others (such as opposing counsel, witnesses, consultants, and court personnel), research, drafting, travel, and appearances on your behalf. In addition to our fees, we will bill you for direct costs for outside services, to include legal research fees and litigation-related costs (such as depositions, court filing fees, and expert witnesses). All fees and costs may be billed directly to you without first being paid by us.
Fee Arrangements
