Monthly Cash Compensation Clause Samples
The Monthly Cash Compensation clause defines the amount and frequency of regular cash payments an employee or contractor will receive for their services. Typically, this clause specifies the exact monthly salary or fee, the payment schedule (such as payment on the last business day of each month), and may outline any conditions or adjustments related to the compensation. Its core practical function is to ensure both parties have a clear, mutual understanding of the expected monthly payment, thereby reducing the risk of disputes over compensation and providing financial predictability.
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Monthly Cash Compensation. The Company shall pay the Consultant for the Services under this Agreement the sum of $8,500 per month during the Term, in arrears on the 15th and last day of each month, with the first payment due on April 30, 2005. This will be subject to review after 90 days, but will automatically be subject to review after any funding round in an aggregate of a minimum of $5mm which includes a minimum $5mm equity draw down facility. Full salary will be paid at market rates when the Company secures a minimum combined $5 Million equity investment (including equity draw down facility)
Monthly Cash Compensation. The Company agrees to pay Consultant a cash fee of $5,000 per month for the term of the Agreement. The first payment is due on the date the assignment is actually initiated), and subsequent payments are due on the same day of each calendar month for the subsequent eleven months, and any extensions thereafter. Out of this fee, Consultant will pay for complementary services (e.g., other mailing services, email services, data base extensions) up to an average of $2,500 per month, never less than $1,500 per month. Invoices and documents indicating the payment for those services will be supplied to Company.
Monthly Cash Compensation. The Consultant shall receive $______per month for (X) days of services per month. Payment shall be made on the fifth (5th) of each month for a period of eighteen (18) months.
Monthly Cash Compensation. For performance under this agreement on a month-to-month basis, Company will pay Consultant a cash fee in the amount of $4,000 per month over the term of this Agreement, the first monthly payment due and payable on September 1, 2006 and each following monthly payment payable in full on the first day of the respective month. The Company shall not be obligated to Consultant for any monthly cash fee for any month or part thereof remaining from the date of any valid cancellation to August 30, 2007.
Monthly Cash Compensation. The Company shall pay the Consultant for the Services under this Agreement the sum of $7,500 per month during the Term, in advance on the first day of each month beginning April 1, 1999.
Monthly Cash Compensation. As cash compensation for the Services performed by Provider, Company will pay Provider a monthly fee of $37,500 due within ten (10) calendar days of each month end during the term of this Agreement.