Common use of Payment and Services Clause in Contracts

Payment and Services. During the Advisory Period, the Company shall pay to Executive an annual compensation equal to one-half of his Salary during the last twelve month period of Executive’s employment (“Advisory Compensation”), to be paid in equal monthly installments on the fifteenth (15th) day of each month. While receiving such Advisory Compensation, Executive shall, at all reasonable times, to the extent his physical and mental condition permits, be available to consult with and advise the Company’s officers, directors and other representatives. If Executive’s physical or mental condition prevents him from fulfilling his consulting or advisory duties, Executive shall still be entitled to the Advisory Compensation during the entire Advisory Period. The parties agree that this advice and counsel shall not entail full time service and shall be consistent with Executive's retirement status

Payment and Services. During the Advisory Period, the Company shall pay to Executive an annual compensation equal to one-half of his Salary during the last twelve month period of Executive’s employment (“Advisory Compensation”), to be paid in equal monthly installments on the fifteenth (15th) day of each month. While receiving such Advisory Compensation, Executive shall, at all reasonable times, shall to the extent his physical and mental condition permits, be available to consult with and advise the Company’s officers, directors and other representatives. If Executive’s physical or mental condition prevents him from fulfilling his consulting or advisory duties, Executive shall still be entitled to the Advisory Compensation during the entire Advisory Period. The parties agree that this advice and counsel shall not entail full time service and shall be consistent with Executive's retirement status