Retainer Fees Clause Samples
A Retainer Fees clause establishes the requirement for an upfront payment by a client to secure the services of a professional, such as a lawyer or consultant. This fee is typically paid before work begins and may be applied toward future invoices or held as a deposit against anticipated costs. The clause clarifies the amount, timing, and conditions under which the retainer is used or refunded. Its core function is to ensure the service provider has financial security and commitment from the client before commencing work, thereby reducing the risk of non-payment.
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Retainer Fees. Client agrees to pay ___________________ Dollars ($__________) to Law Firm as a retainer fee. Law Firm and Client agree that no attorney-client relationship shall exist until Law Firm has been paid the retainer fee. Services outside the scope of the duties of Law firm shall be charged at a rate of $__________/hour.
Retainer Fees. Retainer fees shall be payable to the Advisor by the Company as follows:
(a) To compensate the Advisor for general management consulting for the Company which may include assistance in building and developing the Company in anticipation of investment banking transactions, advising in matters related to share price appreciation, assisting in the Company’s start-up activities, consulting on the Company’s strategy and business development, leveraging the industry contacts and network of the Advisor for the benefit of the Company, assisting in the identification and recruiting of key personnel for the Company, reviewing the Company’s scientific and technical matters, assisting in the development of the Company’s business plan and forecasts, recommending Board member candidates for the Company, recommending vendors and service companies, and other non-investment banking activities:
(1) a general management consulting fee of $5,000 shall be payable in cash within 10 business days following the signing of this Agreement and shall be received by the Advisor free of any wire transfer or other bank charges,
(2) a general management consulting fee of 100,000 shares of the common stock of the Company will be issued by the Company to the Advisor within 10 business days following the signing of this Agreement. The common shares will be transferable to directors, officers, independent contractors and employees of the Advisor. The Advisor will have piggyback registration rights equal to the piggyback registration rights granted to any other person in connection with any of the transactions contemplated by this Agreement.
(b) To compensate the Advisor for guidance with respect to Financing and Strategic Transactions as required, at monthly intervals, a retainer payment of $15,000 per month, during the term of this Agreement, each such payment being referred to as an "Advisory Fee", will be owed by the Company, to be paid to the Advisor and will accrue, on the 20th day of the month in each month for which the Advisory Fee is due, as short term debt. This fee is only payable if the Advisor is requested in writing to raise additional capital the Company. The Advisory Fee will bear interest at the rate of 10% per annum, and each month’s Advisory Fee shall be represented by a promissory note (each, a “Fee Note”). Each Fee Note will be due and payable as to principal and accrued and unpaid interest upon the earlier of (i) six months from the issuance of the respective Fee Note o...
Retainer Fees i. CU shall pay Agency a retainer fee of [INSERT DOLLAR AMOUNT] for the Search, payable in monthly instalments of [INSERT DOLLAR AMOUNT] each. The first payment shall be made upon execution of this Agreement and presentation of an invoice by Agency. Agency shall invoice CU for the remaining payments at thirty day intervals.
Retainer Fees. Two retainer fees (the “Retainer Fees”) of $25,000 each with the first of such fees already having been paid and the second to be paid upon qualification of the Offering Statement (as defined below).
Retainer Fees. Director shall be entitled to receive an initial retainer fee of $93,750 paid by December 15, 2021, and quarterly retainer fees of $31,250 by the end of each calendar quarter (the “Quarterly Fee”), commencing with an initial Quarterly Fee paid by December 31, 2021. These retainer fees are in lieu of, and Director shall not be entitled to any other, cash retainer or meeting fees payable to other members of the Board. The Quarterly Fee shall be paid at the end of each calendar quarter during which Director serves the Company in the capacities described in Section 1; provided however, that the final Quarterly Fee shall be prorated based on the portion of such calendar quarter during which Director serves the Company in the capacities described in Section 1.
Retainer Fees a. The Company will pay you an annual cash retainer fee for your services as a member of the Board at the rate of $65,000 per year as long as you serve as a member of the Board (the “Fee”), such amount to be paid in equal quarterly installments during the first payroll period following the end of each of the Company’s fiscal quarters (with proration for any partial period of service).
a. The Company will pay you an additional annual cash retainer fee for each committee on which you serve as a member at the rate of $10,000 per year as long as you serve as a member of such committee (the “Committee Fee”), such amount to be paid in equal quarterly installments during the first payroll period following the end of each of the Company’s fiscal quarters (with proration for any partial period of service).
Retainer Fees. Upon execution of this agreement, the Company shall pay Finder a cash retainer fee of $25,000. The retainer fees shall not be creditable to any other fees payable hereunder.
Retainer Fees. You agree and acknowledge that if you use a retainer service with us, then any un-used hours will not be rolled over to the following period, and that the fees for the full retainer need to be paid without any deductions for any unused hours. Additional fees. If we incur additional expenses when providing the Services to you, you will reimburse us for pre-approved reasonable expenses that are documented with corresponding receipts. VAT. VAT is not chargeable on the Services we provide.
Retainer Fees. Intended Parent(s) is aware that it is making a final selection of the Egg Donor who will be making an egg donation in accordance herewith. Intended Parent(s) hereby agrees to submit to Egg Helpers the funds as set forth in Schedule ‘A’ hereto, which funds are to be held and disbursed in accordance with Schedule ‘A’. The ‘Agency Fee’ detailed in Schedule ‘A’ is a fully earned, one-time fee. The Agency Fee is a fee only and does not include any other charges, costs or expenses or reimbursement to be paid to the Egg Donor. The Agency Fee is due within 48 hours of execution of this Agreement by Intended Parent(s). Failing the receipt of the Agency Fee proof of payment within such time, Egg Helpers cannot guarantee that any Egg Donor selected in accordance with the below will be available as a potential egg donor upon the later receipt of the Agency Fee. The Intended Parent(s) cannot guarantee that the payment of the Agency Fee will be performed by their bank within 48 hours and Egg Helpers acknowledges that international wire transfer could require more than 48 hours to be performed, consequently Egg Helpers agrees that Intended Parent(s) shall send a proof of payment within 48 hours of execution of this Agreement. The commitment, time, expertise and resources that Egg Helpers must devote to providing the services hereunder are substantial and difficult to measure. Accordingly, no portion of the Agency Fee is refundable, regardless of whether Intended Parent(s) ever receives a child pursuant to the services provided hereunder (a ‘Child’) or Intended Parent(s) elects to discontinue working with Egg Helpers, unless in accordance herewith.
Retainer Fees. If you choose to pay a retainer fee monthly for ongoing services, this would cover the cost of an annual review, and also include other services such as periodic review of investment funds, switching and rebalancing. Our typical charges for this service are £25 per month, £40 per month or £75 per month. Further information on this service is available under our separate retainer fee agreement which will be discussed with you after we have assessed your needs. Paying by commission (through product charges). If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product provider’s own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier. The amount of commission we receive will vary depending on the amount you invest and (sometimes) how long you invest, or your age. For example: • If you invest a lump sum of £10,000 in an investment bonds we would receive commission of 3% of the amount invested (£300) and 0.5% of the value of the fund (approximately £50) every year. • If you pay £100.00 per month into a personal pension (with a term of 25 years) then we would receive 20% of the first 12 month's payments (£240) in the form of initial commission. • If you pay £100 per month towards a whole of life policy then we would receive 135% of the first 12 month's payments (£1,620) in form of initial commission Paying by a combination of fee and commission (through product charges). In some circumstances, we may charge you a combination of fee and commission. The fee will not exceed the rates shown in this document. We will agree the rate we will charge before beginning work and we will tell you if you have to pay VAT. The fee will become payable on completion of our work. You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier. Where we charge a combination of fees and ...
