Quarterly Retainer definition
Examples of Quarterly Retainer in a sentence
Each payment, including, for the avoidance of doubt, each Quarterly Retainer, made under this Agreement shall be designated as a “separate payment” within the meaning of Section 409A.
In the event of a termination by the Company for Cause, neither the Company nor Consultant shall have any further obligations hereunder, except as set forth in Sections 8 and 9 hereof, and for the payment of any Quarterly Retainer that became due prior to notice of termination.
The service fees defined under (A) above, shall be applicable under this Phase C, except that the Quarterly Retainer will be mutually agreed between MS and Geovic to define the amount, time allocated, and applicable rate.
The Company shall pay the Consultant during the Term a retainer (the "Quarterly Retainer"), of $25,000 per quarter, payable on or before July 1, 1999 and the first business day of each three month period next following July 1, 1999.
Consultant may terminate this Agreement by written notice to Company at least thirty(30) calendar days prior to any anniversary quarter, the first such calendar quarter commencing November 10, 2015 (“Subsequent Quarterly Retainer Period”).
The Quarterly Retainer fee shall be payable in equal quarterly instalments on the first applicable business day commencing on the 1st June 2020.
The service fees defined under (A) above, shall be applicable under this Phase B, except that the Quarterly Retainer will be mutually agreed between MS and Geovic to define the amount, time allocated, and applicable rate.
For the avoidance of doubt, in no event shall the aggregate amount of the Quarterly Retainer payments exceed the amount of the Total Retainer.
No unused or non-exhausted Quarterly Retainer amounts shall be carried over to any Subsequent Quarterly Retainer Period.
The Quarterly Retainer will be paid on the first day of each fiscal quarter in advance (beginning with July 1, 2016 and ending on April 1, 2019).