Common use of Health Insurance Allowance Clause in Contracts

Health Insurance Allowance. The Company shall pay the Consultant a Health Insurance allowance of $7,500 per annum (the Allowance”) in equal semi-monthly installments or at such other intervals as the parties shall agree. The Allowance may be increased in each fiscal year of the Company following the first anniversary of the date hereof (the “First Anniversary”) at the rate of ten percent (10%) of the then current Allowance.

Health Insurance Allowance. The Company shall pay the Consultant a Health Insurance allowance of $7,500 15,000 per annum (the Allowance”) in equal semi-monthly installments or at such other intervals as the parties shall agree. The Allowance may be increased in each fiscal year of the Company following the first anniversary of the date hereof (the “First Anniversary”) at the rate of ten percent (10%) of the then current Allowance.