Fees and Benefits. 4.1 The Consultant shall be remunerated as follows during the Term:
(a) the payment of a consulting fee of $95,000 per annum subject to annual adjustment as the Board of Directors (“Board”) in its discretion may determine, one-twelfth of which amount is payable monthly on the last day of each month; and
(b) the payment of an annual bonus, if any, at the Board’s discretion based upon performance of the Consultant and the Company during the preceding fiscal year, to be determined and payable as soon as practicable after the Company’s fiscal year.
4.2 The Consultant and/or Kxxx shall be entitled to participate in the Company’s stock option plan on such terms and conditions as would be commensurate with his positions with the Company, recognizing that the terms of option grants are at the sole discretion of the Company’s Compensation Committee and Board of Directors.
4.3 The Consultant and/or Kxxx shall be entitled to participate in any and all benefit plans that the Company provides to its employees generally.
4.4 The Company shall reimburse the Consultant and Kxxx for all reasonable and documented travel, entertainment and other business expenses actually and properly incurred by it or him in relation to the Company’s business as they are incurred, subject to approval by the Lead Director of the Company in the event such expenses fall outside of budgeted amounts.
4.5 The Consultant shall, without any deduction of its fee payable hereunder, be allowed a hiatus from performing its duties hereunder for a period of four weeks during each year of its engagement hereunder at such time or times as may be selected by the Consultant and as are in accordance with the Company’s reasonable policies and operating requirements.
4.6 Kxxx shall, throughout the Term, be the employee of the Consultant and not of the Company, and the Consultant shall pay any and all taxes, unemployment insurance premiums, pension premiums or contributions and any other statutory payments or assessments of any nature or kind whatsoever that are payable by virtue of the relationship of employer and employee existing between the Consultant and Kxxx.
Fees and Benefits. As consideration for the Services to be provided by Consultant and other obligations, the Company shall pay to Consultant the amounts specified in Exhibit B attached hereto and incorporated herein in full, at the times specified therein. Consultant acknowledges and agrees that Consultant shall have only such benefits as are specified in Exhibit B hereto.
Fees and Benefits. 5.1 In consideration of the provision of the Services to the reasonable satisfaction of Capita, Capita shall pay to the Interpreter the fees as calculated in line with the hourly rates and expenses referenced within Attachment 1 (the "Fees"), provided that:
(a) the completion of an Assignment has been ratified in accordance with Clause 5.2 below; and
(b) the Interpreter has subsequently accepted the due amount as set out in the electronic invoice issued by Capita (which may be referred to as the "pro forma invoice"). Such payment shall be made within fifteen working days of acceptance as described at 5.1 (b) above. Payment of any Value Added Tax properly chargeable on such Fees shall be made within 15 working days of receipt of a valid Value Added Tax invoice. Such payment shall be made by BACS payment to an account advised by the Interpreter. Capita shall retain electronic records relating to each Assignment for a period of six months only, beyond the date of commencement of each Assignment. In the event that an Interpreter has not completed acceptance as described at 5.1(b) above within six months of the date of commencement of the associated Assignment, then Capita will require that the Interpreter provides full evidence of the Assignment in accordance with Clause 5.2.2.
5.2.1 From time to time the Client may electronically ratify that an Assignment has been completed, to include the duration worked. The payment process in respect of each Assignment shall not commence until such ratification has been completed. In the event that the Client has not ratified the completion of an Assignment within 72 hours of commencement of an Assignment, then the Interpreter shall be entitled to electronically complete such ratification in order to initiate the payment process described at Clause 5.1.
5.2.2 For any Services the Interpreter provides under this Agreement, the Interpreter shall complete and retain a timesheet which confirms the duration worked, and (if applicable and if agreed in advance with Capita) details and receipts of any expenses claimed. All timesheets must be countersigned and fully completed by a representative of the Client and must subsequently be retained by the Interpreter. Upon request by any representative of the Client, an Interpreter shall allow the Client to make copies of fully completed timesheets. In the event of any dispute in relation to any payment, a fully completed timesheet will be the Interpreter's primary evidence of any work u...
Fees and Benefits. Monthly Fee/Installment. Company agrees to pay a monthly fee of $50,000 USD for IR Consultant’s services under this Agreement. The monthly fee is due & payable upon the inception of this Agreement & every consecutive 30th day for the following 5 consecutive months within the Consulting Period of this Agreement. The 6 monthly installments, including the non-refundable retainer discussed hereinafter, total in amount to $300,000 USD. The IR Consultant shall have no obligation to provide services to the Company until the monthly fee is paid in full each month. Aside from the first month of services, the monthly fee is earned as services are provided. IR Consultant will be responsible for all of its own costs and expenses incurred in connection with providing services under this Agreement and agrees not to seek any reimbursement therefor from the Company.
Fees and Benefits. 3.1 As full compensation for the Consulting Services, the Company will provide Consultant with the following compensation and/or benefits:
(a) Clearside will agree to accelerate the vesting of existing stock options for Consultant. More specifically, Clearside previously granted Consultant one or more options to purchase shares of the Company’s common stock (the “Options”) pursuant to the terms of the Company’s 2016 Equity Incentive Plan (the “Plan”). Vesting of Consultant’s outstanding Options ended on the Separation Date, at which time 77,500 shares subject to the Options remained unvested (the “Unvested Options”). Although the Company is not otherwise obligated to do so, if Consultant (i) continues to provide services to the Company under the terms of this Agreement through June 30, 2020, and (ii) timely signs, dates and returns this fully executed Agreement to the Company, subject to approval by the Company’s Board of Directors, the Company will accelerate the vesting of 6,250 shares at a strike price of $1.24 subject to the Unvested Options on March 31, 2020 and 6,250 shares at a strike price of $1.24 subject to the Unvested Options on June 30, 2020. The exercise period for the aggregate of 12,500 shares referenced in the preceding sentence will be extended so that such shares will remain exercisable through September 30, 2020. Consultant and the Company hereby consent to the modification and amendment of the terms governing Consultant’s Options and the option documents to conform to the provisions of this Agreement, and Consultant acknowledges and understands that the Options will no longer qualify as incentive stock options. Except as expressly set forth in this paragraph, Consultant’s Options, including the terms and conditions of the Options and Consultant’s rights and obligations with respect to the Options, will continue to be governed by the terms of Consultant’s operative stock option grant notices and agreements with the Company and the Plan. With respect to the Options detailed in this subsection (a), each vesting shall be contingent on there being no uncured breach of the terms of this Agreement by Consultant on or prior to each vesting date.
(b) As it relates to the Consulting Services provided by Consultant on XIPERE related matters, Clearside will reimburse Consultant for pre-approved necessary and ordinary business-related expenses. Other than the Options detailed in subsection (a) above, Consultant will not be provided with additional ...
Fees and Benefits. During the term of this Agreement, Client shall pay to Raintree Partners, Inc. the following fees and benefits:
(a) ANNUAL CONSULTING FEE. During the period from the Start Date through January 15, 1999, an annual fee of no less than $300,000 U.S., provided that the Board of Directors in its sole discretion may increase such consulting fee at any time during the term of this Agreement and upon such increase the increased fee shall become the new Annual Consulting Fee from the effective date of such increase forward;
Fees and Benefits. Subject to the terms and conditions of this Consulting Agreement, during the Consulting Term while Xxxx is obligated to provide services to Company pursuant to this Consulting Agreement, Xxxx shall be entitled to a “Consulting Fee” for each calendar quarter in the amount of $25,000, commencing with the Date of Termination. The Consulting Fee for any quarter shall be paid quarterly in arrears and shall be pro rated for any partial quarters. Xxxx shall not be entitled to any other payments or benefits from Company for his services hereunder.
Fees and Benefits. The Company shall pay to the Manager in consideration for his duties and responsibilities hereunder a fee in the amount of EUR 5,250 payable quarterly in arrears, such fee being subject to the approval by the shareholders of the Company and to be repeated each year. The fee is a gross fee, the Manager assuming the payment of any applicable Luxembourg manager fee withholding tax. The Company undertakes to hold the Manager harmless from and against and to indemnify him in respect of any and all demands, claims, suits, damages, taxes, penalties, costs and expenses (including, without limitation, taxes, penalty taxes, legal fees, costs and disbursements) incurred, suffered or expended by the Manager at any time by reason of or in connection with his acting or having acted as Manager of the Company, save as to those damages, taxes, penalties, costs and expenses which shall directly or indirectly be the result of gross negligence and/or wilful misconduct.
x. Equity Incentive Plan (the “Equity Plan”) or to acquire shares under the Co-invest Plan. Such awards shall be subject to the approval by the shareholders of the Company or a duly authorised Committee. No amendments to the fee arrangements under this clause 5 will be made unless approved by the shareholders of the Company or a duly authorised Committee. The Company will reimburse the Manager in full for all reasonable and properly documented expenses that the Manager incurs in performing the duties of his office.
Fees and Benefits. As consideration for the Services to be provided by Consultant and other obligations, the Company shall pay to Consultant the amounts specified in Exhibit B attached hereto and incorporated herein in full, at the times specified therein . Consultant acknowledges and agrees that Consultant shall have only such benefits as are specified in Exhibit B hereto. 3. Xxx.xx - Consultant shall not be authorized to incur on behalf of the Company any expenses and will be responsible for all expenses incurred while performing the Services except as expressly specified in Exhibit C hereto unless otherwise agreed to by the Company's Chief Executive Officer, Chief Operating Officer, or ChiefFinancial Officer, which consent shall be evidenced in writing for any such expenses in excess of $250. As a condition to receipt of reimbursement, Consultant shall be required to submit to the Company reasonable evidence that the amount involved was both reasonable and necessary to the Services provided under this Agreement. 4.
Fees and Benefits. As a fee for the performance of Consultant's duties under this Agreement, the Company shall pay Consultant $10,000 per month during the term hereof, payable monthly or in such other increments in accordance with the Company's payroll practices as existing from time to time during the Term. Consultant shall be eligible for bonus opportunities with respect to (i) the development of business for the Company by or with the assistance of Consultant during the Term and (ii) acquisitions made by the Company with respect to which Consultant has provided significant assistance and guidance during the Term, as follows: DEVELOPMENT OF BUSINESS. In the event that Company obtains a regional or national account (E.G., Wal-Mart, Sears or the like) providing for the payment of fees to the Company for the receiving, hauling, handling and/or disposal of scrap tires ("tipping fees") during the Term, the Company shall pay Consultant an aggregate commission of $.01 per scrap tire (determined with respect to each individual unit of the account and for the first eighteen (18) months of providing the applicable individual unit with scrap tire disposal services), payable in the following increments:
