Term and Consideration. 2.1 Unless earlier terminated in accordance with this Agreement, the term of this Agreement shall be for a period of twelve (12) months (‘the Term’) from the Effective Date.
2.2 Subject to the terms of this Agreement, Atlas shall provide the Services to the Customer and the Customer shall pay the Price in the amount and manner as specified in Schedule B.
2.3 The Services shall be made available to the Customer, either on the Customer’s own IT infrastructure or hosted upon an Atlas LMS (in which case, the hosting shall be subject to separate terms and conditions between Atlas and the Customer).
Term and Consideration. The term of this Agreement shall commence on the Closing Date and shall expire on the fifth anniversary of the Closing Date (the “Term”). No additional consideration will be paid to Seller pursuant to this Agreement.
Term and Consideration. This Agreement shall commence on the date hereof and continue for a period of one (1) year hereafter. As consideration for Xxxxxx'x covenants and agreements under this Agreement, Crescent hereby agrees to pay to Xxxxxx in such number of installments or in one lump sum payment as determined by Xxxxxx, the average annualized amount as set forth on Exhibit A hereto.
Term and Consideration. 3.1 The term of the Agreement shall be a period of twelve (12) years from the Effective Date.
3.2 The Contractor shall pay the Agency a licence fee calculated and payable as follows:
3.2.1 The total annual consideration payable for the period from 1st January to 31st December of a particular calendar year (“the Reference Year”) shall be an amount equivalent to one percent (1 %) of the total number of beverage containers placed on the market and which were registered with the Scheme during that Reference Year (“number of containers”) multiplied by ten cents (€ 0.10);
3.2.2 Eighty percent (80%) of the total annual consideration shall be paid in two equal instalments, on 31st March and 30th September of each Reference Year. For the purpose of these payments, the fee payable to the Agency shall be calculated using the verified number of containers for the preceding Reference Year;
3.2.3 The balance of the total annual consideration, or in the event of overpayment the refund payable, shall be paid on the 31st March of the following calendar year, once the number of containers for the Reference Year is duly verified. This final instalment shall be adjusted accordingly in order to take into account the actual number of containers for the Reference Year in question, and thus the actual value of the total annual consideration for the said Reference Year;
3.2.4 In the event that the Effective Date is a date other than the 1st January, the fee payable to the Agency for the period from the Effective Date to 31st December of the same calendar year shall be an amount equivalent to one percent (1%) of the number of containers placed on the market and which were registered with the Scheme during that period multiplied by ten cents (€ 0.10), and payable as indicated in Articles 3.2.2 and 3.2.3 above, provided that the first instalment shall be due on the Effective Date and the instalments payable in terms of Article
Term and Consideration. In consideration of the mutual covenants and agreements hereafter set forth, the parties agree as follows:
a. This Agreement will be for a term of two years and be renewable in six-month periods with the consent of both parties, unless terminated earlier pursuant to Paragraph 4 of this Agreement.
b. Consultant agrees, as an independent contractor and not as an employee, to render consulting services ("Services") to the Company for the term of this Agreement. Consultant's duties shall include, but are not limited to, those duties set forth in Exhibit A hereto and such other duties as the Company may from time to time prescribe. Consultant shall report directly to the President and shall provide his or her services in accordance with the instructions of the President, and with such reasonable instructions given to him by any other officer of the Company. The number of hours per week devoted to this assignment and the location from which Consultant shall perform his duties shall be in the sole discretion of Consultant.
c. Consultant shall be paid according to Exhibit A. Such Compensation shall be deemed earned upon the execution of this Agreement by the Company. In addition, the Company shall reimburse Consultant for reasonable long distance travel (transportation, lodging and meals) and telephone expenses Consultant is required to incur in providing the Services. All long-distance travel and lodging will be coach class or equivalent and must be authorized by the Company in advance. In addition to the Shares (as defined in Exhibit A), the foregoing fees and expense reimbursements are Consultant's sole compensation for rendering Services to the Company.
d. All Proprietary Information of the Company and all title, patents, patent rights, copyrights, mask work rights, trade secret rights, and other intellectual property and rights whatsoever (collectively "Rights") in connection therewith shall be the sole property of the Company. Consultant hereby assigns to the company any Rights Consultant may have or acquire in such Proprietary Information. At all times, both during the term of this Agreement and after its termination, Consultant will keep in confidence and trust and will not use or disclose any Proprietary Information without the prior written consent of an officer of the Company. Consultant acknowledges that any disclosure or unauthorized use of Proprietary Information will constitute a material breach of this Agreement and cause substantial harm to the ...
Term and Consideration. 4.1) The term of this Agreement shall be for an aggregate period of five (5) years, consisting of five successive individual one year terms renewable as set forth below. The renewal of each one-year period shall require an independent geological evaluation with a recommendation to continue. All lease renewals will be subject to an independent geological evaluation acceptable to the Vancouver Stock Exchange (the "VSE") as well as the acceptance of the VSE.
4.2) The following consideration shall be payable by ICMC in connection with the sublease granted by EC to ICMC hereunder:
(a) Upon the execution of this Agreement, ICMC will issue to EC One Hundred Fifty Thousand (150,000) shares of its common stock and pay to EC Nineteen Thousand Five Hundred United States Dollars ($19,500USD) as consideration for the first year lease (the "Lease") granted hereunder;
(b) If ICMC elects to renew the Lease for an additional one year term beyond the first year, ICMC shall issue to EC Two Hundred Thousand (200,000) shares of its common stock on or before the date which is one (1) year from the date of this Agreement;
(c) If ICMC elects to renew the Lease for a third year it will issue to EC an additional Two Hundred Thousand (200,000) shares of its common stock on or before the date which is two (2) years from the date of this Agreement;
(d) If ICMC elects to renew the Lease for a fourth year it shall issue to EC Three Hundred Seventy Five Thousand (375,000) shares of its common stock on or before the date which is three (3) years from the date of this Agreement, provided that the independent geological evaluation conducted with respect to the Property at the end of the third year, but TRI-PARTY LEASE AGREEMENT WITH A PURCHASE OPTION -5 before the start of the fourth year, must include the commission of a feasibility study based on a drill indicated resource. In the event that the exploration and development of the Property has not reached that stage of development at that time, but the independent geological evaluation recommends continued exploration, the Lease shall remain in force and effect and no stock or consideration shall be payable until a feasibility study has been initiated; and
(e) If ICMC elects to renew its lease for a fifth year it shall pay EC Five Hundred Seventy Five Thousand (575,000) shares of its common stock on or before the date which is four (4) years from the date of this Agreement.
4.3) ICMC shall have the option to elect to extend the term of thi...
Term and Consideration. 3.1) The term of this Agreement shall be from July 15, 1999, to July 15, 2010.
3.2) As consideration for this Agreement, EC agrees to pay and maintain all local, state and federal annual assessments levied against the Property.
Term and Consideration. 3 Section 3.1. Basic Term.......................................................... 3 Section 3.2. Renewal Term........................................................ 3 Section 3.3. Head Equipment Agreement Consideration.............................. 4 Section 3.4. Nonterminability.................................................... 4
Term and Consideration. Subject to the provisions of Section 4, this Agreement shall be for a term of twenty (20) years (the “Initial Term”) commencing on the Effective Date. Upon expiration of the Initial Term, this Agreement will automatically be renewed on the same terms and conditions, on a year-to-year basis until terminated by either party hereto as set forth in this Agreement (the Initial Term, together with any such annual renewals, is herein referred to as the “Term”). Within thirty (30) calendar days of receipt of Licensor’s invoice, Licensee shall reimburse Licensor the ad valorem taxes allocable to the Hike and Bike Trails and any other fee or tax assessed against Licensor on account of the Hike and Bike Trails.
Term and Consideration. This Agreement shall be effective for a period of twelve months commencing on the date first written above (the "Engagement Period"). Global shall issue to National, upon execution of this Agreement, a warrant substantially in the form of EXHIBIT A attached hereto.
