Common use of Consulting Clause in Contracts

Consulting. In the event Executive’s employment is terminated pursuant to Section 5(f), then Executive shall provide up to 120 hours of consulting services to the Company within the first three (3) months following such termination concerning matters associated with the operation of the Company’s business. Executive shall keep the Company informed of his availability to perform the consulting services required under this Agreement, which services shall be performed at such times and such places as agreed to by the parties. Executive shall be paid for the consulting services at an hourly rate equal to his annual Base Salary at the time of termination divided by 2080 for each hour worked.

Appears in 5 contracts

Samples: Executive Employment Agreement (Cascade Bancorp), Executive Employment Agreement (Cascade Bancorp), Executive Employment Agreement (Cascade Bancorp)

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Consulting. In the event Executive’s employment is terminated pursuant to Section 5(f), then Executive shall provide up to 120 hours of consulting services to the Company within the first three (3) months following such termination concerning matters associated with the operation of the Company’s business. Executive shall keep the Company informed of his her availability to perform the consulting services required under this Agreement, which services shall be performed at such times and such places as agreed to by the parties. Executive shall be paid for the consulting services at an hourly rate equal to his her annual Base Salary at the time of termination divided by 2080 for each hour worked.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cascade Bancorp), Executive Employment Agreement (Cascade Bancorp)

Consulting. In the event Executive’s employment is terminated pursuant to Section 5(fSections 12.1(a) or (c), then Executive shall provide up to 120 240 hours of consulting services to the Company within the first three six (36) months following such termination concerning matters associated with the operation of the Company’s business. Executive shall keep the Company informed of his her availability to perform the consulting services required under this Agreement, which services shall be performed at such times and such places as agreed to by the parties. Executive shall be paid for the consulting services at an hourly rate equal to his her annual Base Salary base salary at the time of termination divided by 2080 for each hour worked.

Appears in 1 contract

Samples: Employment Agreement (Cascade Bancorp)

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Consulting. In the event Executive’s employment is terminated pursuant to Section 5(fSections 12.1(a) or (c), then Executive shall provide up to 120 hours of consulting services to the Company within the first three ninety (390) months days following such termination concerning matters associated with the operation of the Company’s business. Executive shall keep the Company informed of his availability to perform the consulting services required under this Agreement, which services shall be performed at such times and such places as agreed to by the parties. Executive shall be paid for the consulting services at an hourly rate equal to his annual Base Salary base salary at the time of termination divided by 2080 for each hour worked.

Appears in 1 contract

Samples: Executive Employment Agreement (Cascade Bancorp)

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