Payment for Consulting Services Clause Samples

Payment for Consulting Services. During the term of this Agreement, GFY shall pay to Consultant a one-time payment in the amount often thousand dollars ($10,000.00). This fee may be paid in cash or in shares of freely trading stock in GFY that have been registered in a form S-8 filed on behalf of GFY with the SEC. The method of payment shall be at the sole discretion of GFY. For purposes of valuation of any stock issued to Consultant, the bid price on the date of delivery of the shares shall be used.

Payment for Consulting Services. 4.1 Crossnet shall pay to ▇▇▇▇▇▇▇ a consultant fee in consideration for the provision of the Consulting Services equal to the sum of $6,000 US per month (the "Consultant Fee"), subject to adjustment for the merit and performance of ▇▇▇▇▇▇▇, at the sole discretion of the board of directors of the Company. 4.2 The Consulting Fee shall be payable by Crossnet to ▇▇▇▇▇▇▇ on the last business day of each month during the term of this Agreement, with the first payment being due and payable on October 31, 1999. 4.3 ▇▇▇▇▇▇▇ shall deliver to Crossnet at the end of each month, a report detailing all activities and services provided to Crossnet for that month, if requested by Crossnet. 4.4 Crossnet will pay to ▇▇▇▇▇▇▇, in addition to the Consultant Fee, the reasonable travel and promotional expenses and other specific expenses incurred by ▇▇▇▇▇▇▇ with the prior written approval of Crossnet. 4.5 ▇▇▇▇▇▇▇ may be granted, subject to the approval of Crossnet's board of directors, incentive stock options to purchase shares of Crossnet's common stock in such amounts and at such times as the Board of Directors of Crossnet, in their absolute discretion, may from time to time determine. Such options will be in an amount and of a nature similar to those granted by Crossnet to its other directors and senior officers, with adjustment for the merit and performance of ▇▇▇▇▇▇▇.

Payment for Consulting Services. During the Consulting Period, the Consultant will be paid compensation for the performance of the covenants under this Agreement at an annual rate equal to the salary (as defined in Section 3.1 of the Employment Agreement) paid to Executive immediately prior to his termination of employment with the Company (the “Consulting Payment”), which shall be paid in equal monthly installments within ten (10) days of the end of each month of the Consulting Period or such earlier time(s) as the Company deems appropriate.

Payment for Consulting Services. Contractor shall submit itemized invoices within one working day following the last day of each calendar month, which shall be due and payable 30 days after the date of the invoice.

Payment for Consulting Services. In consideration of the Consultant’s obligation to be available and to render advisory and consulting services pursuant to the provisions of paragraph 1, the Company shall pay to the Consultant compensation in the amount of $_______ per hour of such service. The Consultant shall provide the Company with reasonable written documentation of any such service on a monthly basis no later than the end of the following month, and the Company shall pay such amounts no later than 30 days after receipt of invoice.

Payment for Consulting Services. The Company will pay Consultant each month the agreed upon fee as specified in Section 4 hereof. In addition thereto the Company, upon receipt of statement from Consultant, shall make prompt payment to Consultant such amounts as may be due for travel and other expenses as specified in Section 4 hereof.

Payment for Consulting Services. You shall be paid a consulting fee of One Hundred Twenty Thousand Dollars ($120,000.00) for each year of the Term (the “Consulting Fee”), in exchange for your performance of the Consulting Services. The Consulting Fee shall be paid in equal semi-monthly installments of Five Thousand Dollars ($5,000.00). No payroll or employment taxes of any kind (including, but not limited to, FICA, FUTA, federal or state personal income taxes, state disability insurance taxes, and state unemployment taxes) shall be withheld or paid with respect to the Consulting Fee. You shall file your own tax returns on the basis of your status as an independent contractor for the reporting of all income, social security, employment and other taxes due and owing on the Consulting Fee. You shall be solely responsible for, and shall pay, such taxes in accordance with applicable law, and shall indemnify the Company for such taxes, contributions or penalties which the Company may be compelled to pay.

Payment for Consulting Services. In consideration of the advisory and consulting service provided by SLM Advisory Services under the provisions of paragraph 2, ITW will pay to SLM Advisory Services compensation in the amount of $20,000.00 per month. SLM Advisory Services may also invoice ITW for reasonable expenses incurred in connection with the consulting services.

Payment for Consulting Services. 4.1 WorldBid shall pay to the Consultant a consultant fee in consideration for Consulting Services (the "Consultant Fee") determined as follows: (1) during the period from the date of this Agreement to February 15, 2000, the Consultant Fee will equal $5,000 USD per month; (2) during the period from the February 15, 2000 to February 15, 2001, the Consultant Fee will equal $7,500 USD per month. 4.2 The Consulting Fee shall be payable by WorldBid to the Consultant on the last business day of each month during the term of this Agreement. 4.3 Federal Goods and Services Tax on the Consulting Fee shall be payable by WorldBid in addition to Consulting Fee, if required by law. 4.4 The Consultant shall deliver to WorldBid at the end of each month, a report detailing all activities and services provided to WorldBid for that month, if requested by WorldBid. WorldBid will report to the Consultant, as requested by the Consultant, on the status of all financing activities being carried out by WorldBid for the funding of the Business. 4.5 WorldBid will pay to the Consultant, in addition to the Consultant Fee, the reasonable travel and promotional expenses and other specific expenses incurred by the Consultant.