Common use of Fees and Compensation Clause in Contracts

Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits in consideration of the services rendered in Section 2 an annual fee of U.S. $80,000.00. The Director's status during the term of this Agreement shall be that of an independent contractor and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided to the Director under Sections 3 and 4 hereof shall be made or provided without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging, all tax or other obligations associated therewith.

Appears in 4 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

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Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits in consideration of the services rendered in Section 2 an annual benefits: A monthly fee of U.S. U.S $80,000.00. 2,083.33 The Director's status during the term of this Agreement Directorship Term shall be that of an independent contractor and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided to the Director under Sections 3 and 4 hereof shall be made or provided without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging, all tax or other obligations associated therewith.

Appears in 4 contracts

Samples: Director Agreement (China Advanced Construction Materials Group, Inc), Director Agreement (China Advanced Construction Materials Group, Inc), Director Agreement (China Advanced Construction Materials Group, Inc)

Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits in consideration benefits: — A cash payment of $2,000 per meeting of the services rendered Board of Directors in Section 2 an annual fee of U.S. $80,000.00which the Director is in attendance. The Director's status during the term of this Agreement Directorship Term shall be that of an independent contractor and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided to the Director under Sections 3 and Section 4 hereof shall be made or provided without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging, all tax or other obligations associated therewith.

Appears in 4 contracts

Samples: Director Agreement (NXT Nutritionals Holdings, Inc.), Director Agreement (NXT Nutritionals Holdings, Inc.), Director Agreement (NXT Nutritionals Holdings, Inc.)

Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits in consideration of the services rendered in Section 2 an annual benefits: — A monthly fee of U.S. U.S $80,000.00. 2,083.33 The Director's status during the term of this Agreement Directorship Term shall be that of an independent contractor and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided to the Director under Sections 3 and 4 hereof shall be made or provided without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging, all tax or other obligations associated therewith.

Appears in 3 contracts

Samples: Director Agreement (China Advanced Construction Materials Group, Inc), Director Agreement (China Advanced Construction Materials Group, Inc), Director Agreement (China Advanced Construction Materials Group, Inc)

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Fees and Compensation. During the Directorship Term Term, the Director shall receive the following compensation and benefits in consideration of the services rendered in Section 2 2: an annual fee of U.S. $80,000.0085,000. The Director's ’s status during the term of this Agreement shall be that of an independent contractor and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided to the Director under Sections 3 and 4 hereof shall be made or provided without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging, all tax or other obligations associated therewith.

Appears in 2 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

Fees and Compensation. During the Directorship Term (as defined below), the Director shall receive the following compensation and benefits in consideration of the services rendered in Section 2 2: an annual fee of U.S. $80,000.0085,000. The Director's ’s status during the term of this Agreement shall be that of an independent contractor and not, for any purpose, that of an employee or agent with authority to bind the Company in any respect. All payments and other consideration made or provided to the Director under Sections 3 and 4 hereof shall be made or provided without withholding or deduction of any kind, and the Director shall assume sole responsibility for discharging, all tax or other obligations associated therewith.

Appears in 2 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

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