Common use of Compensation and Reimbursement of Expenses Clause in Contracts

Compensation and Reimbursement of Expenses. The Client agrees to pay the Consultant a fixed fee of ten thousand (10,000) r e st r ic t x x common shares for the services provided. This fee shall cover services pursuant to Section 1 of this Agreement. The total amount owed per this agreement shall be deemed earned in full on September 30, 2019. For purposes of this agreement, the shares are va1ued at $0.71 per share. The Consultant will maintain adequate documentation and records to support all costs invoiced to the Client including receipts for travel related expenses however, such expenses must be approved by the Client prior to being incurred by Consultant. Payments made by the Client to the Consultant will not deduct any taxes and the Client will provide the Consultant with IRS Form 1099 at the end of each calendar year. For purposes of issuing IRS Form 1099, the Consultant will provide a social security number upon execution of his agreement. The shares of Common Stock provided for a compensation to Consultant may not be sold or transferred unless:

Appears in 5 contracts

Samples: Consulting Agreement (Electromedical Technologies, Inc), Consulting Agreement (Electromedical Technologies, Inc), Consulting Agreement (Electromedical Technologies, Inc)

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Compensation and Reimbursement of Expenses. The Client agrees to pay the Consultant a fixed fee of ten thousand (10,000) r e st r ic t x x restricted common shares for the services provided. This fee shall cover services pursuant to Section 1 of this Agreement. The total amount owed per this agreement shall be deemed earned in full on September 30, 2019. For purposes of this agreement, the shares are va1ued valued at $0.71 per share. The Consultant will maintain adequate documentation and records to support all costs invoiced to the Client including receipts for travel related expenses however, such expenses must be approved by the Client prior to being incurred by Consultant. Payments made by the Client to the Consultant will not deduct any taxes and the Client will provide the Consultant with IRS Form 1099 at the end of each calendar year. For purposes of issuing IRS Form 1099, the Consultant will provide a social security number upon execution of his agreement. The shares of Common Stock provided for a compensation to Consultant may not be sold or transferred unless:

Appears in 3 contracts

Samples: Consulting Agreement (Electromedical Technologies, Inc), Consulting Agreement (Electromedical Technologies, Inc), Consulting Agreement (Electromedical Technologies, Inc)

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