Term and Compensation Sample Clauses

Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date"). (b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) Fees payable to FDDI shall be paid by the Company as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment. (d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Series. (e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.

Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date"). (b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of the Fund with respect to the Fund, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to the Fund. (d) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.

Term and Compensation. The term of this agreement will be for a term of one year to commence on the date of this agreement and end on September 30 , 2010. The Company agrees to pay the Consultant a total of $100,000 payable in cash on September 30, 2010.

Term and Compensation. (a) The term of this Agreement shall commence on the date on which the Trust's registration statement is declared effective by the U.S. Securities and Exchange Commission ("Effective Date"). (b) This Agreement shall remain in effect for two (2) years from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series; or (ii) by a vote of a majority of the Trustees of the Trust who are not parties to this Agreement (other than as Trustees of the Trust) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) Fees payable to FPSB shall be paid by Bjurman as set forth in Schedule "B" attached and shall be fixed for the two (2) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment. (d) This Agreement (i) may at any time be terminated without the payment of any penalty, either by a vote of the Trustees of the Trust or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days written notice to FPSB; and (ii) may be terminated by FPSB on sixty (60) days written notice to the Trust with respect to any Series. (e) This Agreement shall automatically terminate in the event of its assignment.

Term and Compensation. (a) This Agreement shall continue for a two year period, except the term shall be automatically renewed for a period of one year on each expiration date ("Employment Term") unless either party provides three months written notice of non-renewal to the other party. (a) Executive shall be paid $195,000 per year (the "Base Salary"), payable on a bi-monthly basis in arrears. The Base Salary may be increased from time to time as determined by the Compensation Committee of the Board of Directors (the "Committee"). Such salary shall be effective upon the Corporation completing a Minimum Financing Transaction. A Minimum Financing Transaction is defined as a single or series of transactions that take place subsequent to the date of this Agreement whereby the Corporation raises at least $4 million in gross proceeds. A Minimum Financing Transaction may consist of, or a combination of, the sale of equity or debt, the exercise of warrants or proceeds received under a licensing agreement. From the date of this Agreement until such time that the Minimum Financing Transaction is completed, Executive shall be paid the interim salary of $104,000, payable on a bi-monthly basis in arrears. (b) Executive shall be entitled to an annual cash performance bonus of up to 50% of the Base Salary (the "Performance Bonus") based on annual target performance objectives approved by the Committee. The bonus target may be raised during the Employment Term at the discretion of the Committee. The bonus will only be earned and payable in the event that the Corporation completes a Minimum Financing Transaction. The Compensation Committee of the Board shall be responsible for determining annual bonuses and shall make such determination on or before December 15th of each fiscal year. Bonuses earned in any fiscal year shall be paid in full on or before March 15th of the following fiscal year (e.g. bonus earned in FY'05 shall be paid no later than March 15, 2006). (c) Executive currently holds options to acquire 475,000 shares of the Corporation's common stock and options to acquire 852,500 shares of common stock of Osmotics Corporation all as evidenced by formal option agreements. From time to time, at the discretion of the Committee, Executive may be eligible for additional stock option grants and/or other equity incentive awards

Term and Compensation. (a) Consultant will assist the Company in the capacity as an independent consultant for a period of two (2) years commencing on the date hereof, by rendering advice and assistance on such financial matters as the Company may specifically request, provided that Consultant shall not be required to render services for more than twenty (20) hours per month. (b) As compensation for the services to be provided hereunder, the Company has granted to Consultant a warrant to purchase Four Hundred Thousand (400,000) shares of Common Stock of the Company at a price of Five and 10/100 Dollars ($5.10) per share and on such additional terms as are contained in that certain warrant agreement of even date herewith. As additional compensation for the services to be provided hereunder, the Company has granted to Consultant certain registration rights on such terms as are contained in that certain Registration Rights Agreement of even date herewith. Said warrant and registration rights shall constitute full payment for Consultant's services to the Company as required hereby during the term of this Agreement, and Consultant shall not receive any additional benefits or compensation for the consulting services to be provided hereunder, except that the Company will reimburse Consultant for reasonable and customary expenses incurred at the Company's request in connection with such consulting.

Term and Compensation. Section 3.1

Term and Compensation. This Agreement shall be for a period of one (1) year commencing on the date first written above ("the Engagement Period. The COMPANY agrees to remit to the CONSULTANT as compensation for said services two thousand $(2,000.00) on a monthly basis or 2,400,000 common shares of the COMPANY payable in advance upon election of Employee within 60 days from the date of the execution of this Agreement.

Term and Compensation. The Term of this Consulting Agreement will be six (6) months from the date this Consulting Agreement is executed. In consideration of Services to be rendered during the Term and services already rendered to date, the Company will pay to the Consultant a flat fee in the amount of USD$8,250.00. Upon execution of this agreement, the Company will also issue 500,000 warrants to purchase common shares of the Company at an exercise price of USD$0.19 with an expiry of 3 (three) years. Consultant acknowledges that this fee constitutes taxable compensation and that any tax liability related hereto shall be the responsibility of Consultant.

Term and Compensation. (a) Consultant will assist the Company in the capacity as an independent consultant for a period of two (2) years commencing on the date hereof, by rendering advice and assistance on such matters as the Company may specifically request, including providing advice and assistance consistent with Consultant's past areas of responsibility; provided that Consultant shall not be required to render services for more than twenty (20) hours per month. (b) During the term of this Agreement, the Company shall pay Consultant the following as compensation for the services to be provided hereunder: (i) a salary of One Hundred Thousand Dollars ($100,000) per year, payable in bi-weekly installments; (ii) the amounts due under the automobile leases for each of the two (2) automobiles currently leased by Consultant and identified on EXHIBIT A attached hereto, as well as the premiums due under the automobile insurance policies for each automobile identified on EXHIBIT A attached hereto as in effect on the date hereof; and (iii) the premiums due under Consultant's health insurance policy as in effect on the date hereof. As additional compensation for the services to be provided hereunder, the Company has granted to Consultant a warrant to purchase Two Hundred Thousand (200,000) shares of Common Stock of the Company at a price of Five and 10/100 Dollars ($5.10) per share and on such additional terms as are contained in that certain warrant agreement of even date herewith. The payments and warrant described herein shall constitute full payment for Consultant's services to the Company during the term of this Agreement, and Consultant shall not receive any additional benefits or compensation for consulting services, except that the Company will reimburse Consultant for reasonable and customary expenses incurred at the Company's request in connection with such consulting.