Consideration for Consulting Services. As consideration for the services to be performed by Consultant pursuant to paragraph 1, Consultant shall be entitled to a fee of Seventy-five Thousand and 00/100 Dollars ($75,000.00) which shall be payable in twelve (12) monthly installments on the fifteenth day of each month during the term of this Agreement. Consultant shall not be paid a director fee for serving as a director on Company’s board and those banks or bank holding companies upon which Consultant will be the Company’s representative. In addition, to assist Consultant with customer relations, the Company shall pay for or reimburse to Consultant the dues for a social membership at the Quincy Country Club, Quincy, Illinois.
Consideration for Consulting Services. As consideration for SVC's services hereunder during the term of this Agreement, Affinity shall pay SVC and SVC shall accept from Affinity the following:
Consideration for Consulting Services. During the Consulting Period, you will be eligible for the following consideration:
Consideration for Consulting Services. In consideration of Consultant's performance of the Consulting Services, during the Term (as defined below in Section 4 below) the Company shall pay Consultant a consulting fee (the"Consulting Fee") at the rate of one hundred dollars ($100.00) per hour not to exceed 40 hours per month, to be paid to Consultant on a monthly basis, on receipt of invoice net 10.
Consideration for Consulting Services. As full consideration for the consulting services to be provided by the Consultant during this Agreement, the Consultant shall receive 1,500,000 restricted shares of the Company with piggy-back registration rights on the next Registration Statement to be filed by the Company.
Consideration for Consulting Services. It is understood by the Consultant that the Company is currently in the process of undertaking to solicit proxies from its shareholders seeking to authorize an increase in the number of authorized shares of common stock of the Company from 20 million shares to 100 million shares (the "Proxy"). As consideration for the consulting services to be provided by Consultant during the term of this Agreement, the Consultant shall receive monthly, commencing on the effective date of this agreement and continuing until the agreement's termination, 10,000 restricted shares of the company's common stock. Such shares shall be paid to Consultant within 30 days of the completion of the proxy and any other necessary corporate action which must be taken to issue said shares, such corporate action to be undertaken as quickly as practicable. The Company shall undertake to register the shares on a Form S-8 registration statement filing with SEC and shall use reasonable efforts to seek effectiveness of the registration statement, but does not hereby guarantee the success of those efforts. In the event that the Proxy is not successfully completed on or before November 1, 2004, the parties hereto shall attempt to renegotiate the terms of compensation otherwise provided hereunder. In the event that the parties cannot agree on alternative compensation, this Agreement shall be void and the Corporation shall have no obligation to the Consultant hereunder.
Consideration for Consulting Services. The Company shall issue to the employees and/or agents of Kouei International 7,000,000 shares of its common stock at a per share price of $0.05 (which per share price was determined and agreed upon by the parties on June 18, 2013). The Company further agrees that it shall file an S-8 registration statement with the Securities and Exchange Commission registering the 7,000,000 shares of common stock.
Consideration for Consulting Services. As of June 8, 2020, the date that Consultant resigned his employment with Arena (the “Employment Termination Date”), Consultant held outstanding stock options previously granted by Arena to purchase up to an aggregate of 185,797 shares of Arena Common Stock that were vested and exercisable (the “Vested Option Awards”). As consideration for the Consulting Services, Arena will treat the Consulting Services as continued services for purposes of consultant’s Vested Option Awards, and accordingly, the Vested Option Awards shall continue to remain outstanding and exerciseable pursuant to their terms until three (3) months following the end of the Term (but in any event, not longer than the original contractual life of each such Vested Option Award) (the “Extended Exercise Period”). For the avoidance of doubt, the Vested Option Awards remain subject to earlier termination, and to all the other terms and conditions set forth in the applicable grant notice, stock option agreement and Arena’s long-term incentive plan under which they were granted. Consultant acknowledges and agrees that the Extended Exercise Period for Consultant’s Vested Option Awards is adequate and sufficient consideration for his performance of the Consulting Services, and that he will not receive any additional compensation or benefits for the Consulting Services. As a reminder, pursuant to tax rules governing the portion of the Vested Option Awards that are considered “incentive stock options” (the “ISOs”) under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), such Vested Option Awards will lose ISO status three months following the Employment Termination Date, after which such Vested Option Awards will be deemed nonqualified stock options. Arena encourages Consultant to seek independent advice concerning the tax status of Consultant’s Vested Option Awards and the corresponding tax implications of this Agreement, including this Exhibit, and the benefits hereunder. Consultant and Arena agree and acknowledge that, as of the Employment Termination Date, all of Consultant’s outstanding and unexercised option awards and all outstanding restricted stock unit awards (including any performance restricted stock unit awards) issued by Arena to Consultant ceased to vest and the unvested portion of each of such awards terminated and were forfeited by Consultant. Consultant further agrees and acknowledges that Consultant is not currently entitled to, and no longer eligible for, an...
Consideration for Consulting Services. It is understood by the Consultant that the Company is currently in the process of undertaking to solicit proxies from its shareholders seeking to authorize an increase in the number of authorized shares of common stock of the Company from 20 million shares to 100 million shares (the "Proxy"). As consideration for the consulting services to be provided by Consultant during the term of this Agreement, the Consultant shall receive 2 million restricted shares of the company's common stock with piggy-back registration rights on the next Registration Statement to be filed by the Corporation. This total 2 million shares shall be on a fully diluted basis (shall constitute 2 million of the then authorized 100 million shares which will be authorized for the Corporation after the proxy is successfully completed). Such shares shall be paid to Consultant within 30 days after the completion of the proxy and any other necessary corporate action which must be taken to issue said shares, such corporate action to be undertaken as quickly as practicable. In the event that the Proxy is not successfully completed on or before June 30, 2004, this payment obligation shall be null and void and the parties hereto shall attempt to renegotiate the terms of compensation otherwise provided hereunder. In the event that the parties cannot agree on alternative compensation, this Agreement shall be void and the Corporation shall have no obligation to the Consultant hereunder.
Consideration for Consulting Services. During the Consulting Period, you will be compensated at the rate of $400 per hour for your Consulting Services (the “Consulting Fees”). You will submit detailed invoices of your Consulting Services on a monthly basis, and Longboard will provide payment of any owed Consulting Fees within 30 calendar days after receipt of such invoices. Longboard will not withhold from the Consulting Fees any amount for taxes, social security or other payroll deductions. Longboard will report your Consulting Fees on an IRS Form 1099. You acknowledge that you will be entirely responsible for payment of any taxes that may be due with regard to the Consulting Fees, and you hereby indemnify, defend and save harmless Longboard, and its officers and directors in their individual capacities, from any liability for any taxes, penalties or interest that may be assessed by any taxing authority with respect to the Consulting Fees (with the exception of the employer’s share of social security, if any). Longboard encourages you to obtain professional advice from an advisor of your choice with respect to the tax treatment of, and any and all tax issues with respect to, the Consulting Fees.
