Total Retainer definition
Examples of Total Retainer in a sentence
You will not be entitled to an M&A Transaction Fee or the Unpaid Total Retainer Amount if (i) you terminate this Agreement at any time when the Company is not in material breach hereof, (ii) your death, incapacity or disability requires us to engage a replacement strategic advisor, or (iii) the Company terminates this Agreement following a material breach of this Agreement by you or due to your gross negligence, bad faith or willful misconduct.
Total Retainer = $19,950/month If the time commitment indicated above becomes excessively more or less than that projected, Civil West and the City reserves the right to adjust the retainer as appropriate.
In accepting such award, the Grantee acknowledges that he/she has no further right to receive the Total Retainer Amount in cash.
I hereby elect to take: Meeting and Total Retainer Annual Retainer Other Fees and Other Fees Payable in Cash Payable in Cash Payable in Cash --------------- --------------- --------------- $_______________ or $______________ or $______________ ---------------% --------------% --------------% _______________ (total) ______________ (total) ______________ (total) in the form of shares of Company Common Stock.
If the Company elects to terminate the Agreement prior to the end of the Term (except for a termination described in (ii) or (iii) of this section below), within thirty (30) calendar days after termination it must pay to you the unpaid portion of the Total Retainer (the “Unpaid Total Retainer Amount”).
For the avoidance of doubt, in no event shall the aggregate amount of the Quarterly Retainer payments exceed the amount of the Total Retainer.
If an M&A Transaction is consummated during the Term of the Agreement, the unpaid portion of the Total Retainer will be paid at the same time as the M&A Transaction Fee.
The “Grant Date” for purposes of this Agreement shall be the date on which the Total Retainer Amount is due and payable to Grantee.
The number of Retainer Shares to be issued in lieu of a cash payment of the Grantee’s Total Retainer Amount shall be determined by dividing the Total Retainer Amount by the Fair Market Value of the Company’s Common Stock on the Grant Date.