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: — A monthly retainer of $1,000.00; The Director's status during the 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 Section 4 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 Agreement (Voiceserve Inc), Director Agreement (Voiceserve Inc)

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Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits: — : (i) A monthly retainer cash payment of $1,000.00; 10,000.00 per year to be paid semi-annually. (ii) The Director's ’s status during the 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 Section 4 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 1 contract

Samples: Director Agreement (Emerald Acquisition CORP)

Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits: — A monthly retainer of $1,000.00; The Director's status during the 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 Section Sections 4 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 1 contract

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

Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits: — A monthly retainer fee of U.S $1,000.00; 3,500 The Director's status during the 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 Section Sections 3 and 4 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 1 contract

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

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Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits: — : (i) A monthly retainer cash payment of $1,000.00; 15,000.00 per year to be paid semi-annually commencing from June 1, 2010. (ii) The Director's ’s status during the 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 Section 4 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 1 contract

Samples: Director Agreement (Emerald Acquisition CORP)

Fees and Compensation. During the Directorship Term the Director shall receive the following compensation and benefits: A monthly retainer cash fee of $1,000.00; USD3500. The Director's status during the Directorship Agreement 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 Section Sections 3 and 4 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 1 contract

Samples: Director Agreement (Henry County Plywood Corp)

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