Consulting Fee. As compensation for the Consulting Services, Consultant shall receive a fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.
Appears in 4 contracts
Sources: Consulting Agreement (Energy Transfer Equity, L.P.), Consulting Agreement (Energy Transfer Equity, L.P.), Consulting Agreement (Southern Union Co)
Consulting Fee. As compensation In consideration for providing the Consulting Services, the Client agrees to pay the Consultant shall receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Datein an amount equal to $120,000. The Consulting Fee shall will be paid to in installments of immediately available funds as follows: Contract Period Payment Date Payment Amount Year One Upon execution of this agreement $40,000 Year Two On or before the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for 1st anniversary of the avoidance Execution Date $40,000 Year Three On or before the 2nd anniversary of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.Execution Date $40,000
Appears in 2 contracts
Sources: Professional Services, Professional Services
Consulting Fee. As compensation for In consideration of the consulting services to be rendered by Consultant throughout the Consulting ServicesPeriod, the Bank shall pay to Consultant an annual rate of $175,000, paid monthly at such times as the Bank shall receive a fee determine. By virtue of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e.Consultant’s status as an independent contractor, for five years) and all payments hereunder shall be payable starting made without any withholding for federal income tax purposes and on an annual basis the Effective Date. The Consulting Fee Bank shall be paid deliver an IRS Form 1099 to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sumsConsultant.
Appears in 2 contracts
Sources: Merger Agreement (First Clover Leaf Financial Corp.), Consulting Agreement (First Clover Leaf Financial Corp.)
Consulting Fee. As compensation In consideration for providing the Consulting Services, the Client agrees to pay the Consultant shall receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Datein an amount equal to $135,000. The Consulting Fee shall will be paid to in installments of immediately available funds as follows: Contract Period Payment Date Payment Amount Year One Upon execution of this agreement $45,000 Year Two On or before the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for 1st anniversary of the avoidance Execution Date $45,000 Year Three On or before the 2nd anniversary of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.Execution Date $45,000
Appears in 2 contracts
Sources: Consulting Agreement, Professional Services
Consulting Fee. As compensation for During the Consulting ServicesTerm, Consultant shall receive a will be paid an annual consulting fee at the annualized rate of U.S. twenty thousand dollars ($3,000,000.00 (Three Million dollars) per annum (20,000), less applicable tax deductions and withholdings. The consulting fee in effect at any given time is referred to herein as the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. .” The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to payable in periodic installments in accordance with the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sumsCompany’s usual practice for its senior executives.
Appears in 2 contracts
Sources: Consulting Agreement (Fate Therapeutics Inc), Consulting Agreement (Fate Therapeutics Inc)
Consulting Fee. As compensation for the Consulting Servicesservices to be rendered by Consultant herein, the Company shall pay Consultant an annual fee in the following amounts, which amount shall receive a fee of U.S. $3,000,000.00 (Three Million dollars) per annum be paid in accordance with the Company’s normal payroll policy (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.): Year 1 — $750,000 Year 2 — $600,000 Year 3 — $500,000 Year 4 — $400,000 Year 5 — $300,000
Appears in 1 contract
Sources: Employment Agreement (Zenith National Insurance Corp)
Consulting Fee. As compensation In consideration for the Consulting Services, Consultant shall receive a fee of U.S. be paid Thirty-Six Thousand and 00/100 Dollars ($3,000,000.00 (Three Million dollars36,000.00) per annum annually (the “"Consulting Fee”") for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by in twelve (12). Consultant shall be responsible for) equal monthly installments, and shall pay, any and all taxes payable on such sumsthe 15th day of each month during the Contract Term.
Appears in 1 contract
Consulting Fee. As compensation In consideration for providing the Consulting Services, the Client agrees to pay the Consultant shall receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e.in an amount equal to $45,000 in 2019, for five years) $40,000 in 2020 and shall be payable starting the Effective Date$40,000 in 2021. The Consulting Fee shall will be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance in installments of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.immediately available funds as follows: Year One Upon execution of this agreement Services Begin
Appears in 1 contract
Sources: Professional Services
Consulting Fee. As compensation for In consideration of the Services to be performed during the Consulting ServicesTerm and provided those Services are performed in accordance with the terms hereof, the Consultant shall be entitled to receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year 250,000. One half of the Consulting Period consulting fee (i.e., for five years$125,000) and shall be payable starting advanced on the Effective Datedate hereof. The Consulting Fee remaining portion of the consulting fee ($125,000) shall be paid to the Consultant no less frequently earlier than on a monthly basis for sixty months which monthly amountJanuary 1, for the avoidance of doubt1999 and no later than January 10, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums1999.
Appears in 1 contract
Consulting Fee. As compensation for During the Consulting ServicesPeriod, the Consultant shall receive a fee will be paid compensation of U.S. $3,000,000.00 (Three Million dollars) per annum 150,000 (the “Consulting Fee”) for each year of the ), which Consulting Period (i.e., for five years) and shall Fee will be payable starting in six equal monthly installments of $25,000 each from July 2012 to December 2012 on or before the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance 25th of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sumseach month.
Appears in 1 contract
Consulting Fee. As compensation In remuneration for the consulting services to be performed under this Agreement by the Consultant during the Consulting ServicesPeriod, the Consultant shall receive a monthly consulting fee of U.S. equal to fifteen thousand four hundred sixteen dollar and sixty-seven cents ($3,000,000.00 (Three Million dollars15,416.67) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e.), for five years) and shall be payable starting the Effective Dateno less frequently than monthly in arrears. The Consulting Fee shall be paid in addition to, and not in lieu of, those fees or other remuneration to which the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for may be entitled pursuant to Company policies in his position as member of the avoidance Board of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sumsDirectors.
Appears in 1 contract
Consulting Fee. As compensation In consideration for providing the Consulting Services, the Client agrees to pay the Consultant shall receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Datein an amount equal to $140,000. The Consulting Fee shall will be paid to in installments of immediately available funds as follows: Contract Period Payment Date Payment Amount Year One Upon execution of this agreement $50,000 Year Two On or before the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for 1st anniversary of the avoidance Execution Date $45,000 Year Three On or before the 2nd anniversary of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.Execution Date $45,000
Appears in 1 contract
Sources: Professional Services
Consulting Fee. As compensation for services rendered hereunder, the Consulting Services, Company shall pay the Consultant shall receive a an annual consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum 175,000 (the “Annual Consulting Fee”) for each year of the Consulting Period (i.e.), for five years) and shall be payable starting the Effective Date. The Consulting Fee which amount shall be paid to the Consultant no less frequently than monthly in 12 equal installments of $14,583.33 beginning on a monthly basis for sixty months which monthly amountFebruary 1, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums2007.
Appears in 1 contract
Consulting Fee. As compensation for the Consulting Services, The Company will pay Consultant shall receive (i) a monthly fee of U.S. $3,000,000.00 3,500 for Services of up to a maximum of 10 hours per month (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal prorated with respect to any partial calendar month in which Consultant provides services); and (ii) for any hours above 10 hours per month, such amount as mutually agreed upon by the annual Consulting Fee divided by twelve (12). Company and Consultant shall be responsible for, and shall pay, any and all taxes on such sumsas part of a separate statement of work.
Appears in 1 contract
Sources: Transition Agreement and Release (Athira Pharma, Inc.)
Consulting Fee. As compensation The Company shall pay Consultant a consulting fee at an annual rate of Year 1: $1,000,000 for the Consulting Servicesperiod of October 1, Consultant shall receive a fee 2014 through September 30, 2015; Year 2: $1,200,000 for the period of U.S. October 1, 2015 through September 30, 2016; and Year 3: $3,000,000.00 1,400,000 for the period of October 1, 2016 through September 30, 2017 (Three Million dollars) per annum (collectively, the “Consulting FeeFees”) for each year of the ). The Consulting Period (i.e., for five years) and Fees shall be payable starting by the Effective Date. The Consulting Fee shall be paid Company to the Consultant no in substantially equal installments not less frequently than on a semi-monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12two times per month). Consultant shall be responsible for, and shall pay, any and all taxes on such sums.
Appears in 1 contract
Consulting Fee. As compensation for During the Consulting ServicesTerm, Consultant the Company shall receive a fee pay me compensation of U.S. $3,000,000.00 75,000 annually, payable in substantially equal monthly installments (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12in arrears). Consultant shall be responsible forAdditionally, and shall pay, any and all taxes on such sumsthe company will pay me $2000.00 per day in the aggregate for requested consulting services that meaningfully exceed three days per month.
Appears in 1 contract
Sources: Employment Agreement (At&t Corp)
Consulting Fee. As compensation for During the Consulting ServicesPeriod, the Consultant shall receive a fee will be paid compensation of U.S. $3,000,000.00 (Three Million dollars) per annum 300,000 on an annualized basis (the “Consulting Fee”) for each year of the ), which Consulting Period (i.e., for five years) and shall Fee will be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than on a in equal monthly basis for sixty months which monthly amount, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sumsinstallments.
Appears in 1 contract
Consulting Fee. As compensation for the Consulting ServicesConsultant’s services hereunder, Company shall pay Consultant shall receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) in the amount of Twenty Thousand Dollars ($20,000) per month during the Term. The Consultant will provide an invoice for each year of his services and the Consulting Period (i.e., for five years) and shall be payable starting the Effective Date. The Consulting Fee shall will be paid to Consultant on or before the Consultant no less frequently than on a monthly basis for sixty months which monthly amount, for fifteenth (15th) day of the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sumsfollowing month.
Appears in 1 contract
Sources: Consulting Agreement (SP Plus Corp)
Consulting Fee. As compensation In consideration for the Consulting Services, Consultant the Company shall receive pay a consulting fee of U.S. to ▇▇▇▇▇▇▇ equal to One Hundred Thirty-Five Thousand Dollars ($3,000,000.00 (Three Million dollars) per annum 135,000), less all applicable tax withholdings (the “Consulting Fee”) for each year of the Consulting Period (i.e.), for five years) and shall be payable starting the Effective Date. The Consulting Fee shall be paid to the Consultant no less frequently than in three equal consecutive monthly installments over a three-month period, commencing on a monthly basis for sixty months which monthly amountApril 1, for the avoidance of doubt, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for, and shall pay, any and all taxes on such sums2010.
Appears in 1 contract
Consulting Fee. As compensation In consideration for providing the Consulting Services, the Client agrees to pay the Consultant shall receive a consulting fee of U.S. $3,000,000.00 (Three Million dollars) per annum (the “Consulting Fee”) for each year of the Consulting Period (i.e., for five years) and shall be payable starting the Effective Datein an amount equal to $105,000. The Consulting Fee shall will be paid to the Consultant no less frequently than on a monthly basis for sixty months which monthly amountin installments of immediately available funds as follows: Year Four March 29th, for the avoidance of doubt2023 $35,000 Year Five March 29th, will be equal to the annual Consulting Fee divided by twelve (12). Consultant shall be responsible for2024 $35,000 Year Six March 29th , and shall pay, any and all taxes on such sums.2025 $35,000
Appears in 1 contract
Sources: Professional Services