Executive Advisor Clause Samples
The Executive Advisor clause defines the role, responsibilities, and expectations for an individual or entity serving as an executive advisor to a company or project. Typically, this clause outlines the scope of advisory services, such as providing strategic guidance, attending meetings, or leveraging industry contacts, and may specify compensation, confidentiality, and term of engagement. Its core function is to formalize the advisory relationship, ensuring both parties understand the advisor's contributions and obligations, thereby reducing ambiguity and potential disputes.
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Executive Advisor. On October 1, 2018, Employee became a special advisor to Jacobs’ Chief Executive Officer (“CEO”), and as of the Transition Date Employee shall continue in this role on a modified full-time basis, with the expectation that Employee will work 21 hours per week during this period. Employee shall perform this advisory role until December 31, 2019, and his salary between April 1, 2019 and December 31, 2019 (the “EA Period’) shall be $83,333.33 per month. Such salary shall be paid, after applicable tax withholdings and deductions, in conformance with Jacobs’ normal payroll practices. During the EA Period, Employee shall not be eligible to receive any additional incentive compensation, such as cash bonuses or new equity awards, except as provided in Section 5 below to the extent any Fiscal Year 2018 incentive cash award is not paid until after the EA Period begins. The foregoing notwithstanding, nothing in this Agreement shall prohibit Jacobs from granting any voluntary special bonus to Employee in its sole discretion. Employee will accrue paid time off (“PTO”) during the EA Period and be eligible for holiday pay, which PTO accruals and holiday pay will be pro-rated based on Employee’s modified full-time employee status and the number of hours worked.
Executive Advisor. On October 1, 2018, Employee became a special advisor to Jacobs’ Chief Executive Officer (“CEO”), and as of the Transition Date Employee shall continue in this role on a modified full-time basis, with the expectation that Employee will work 21 hours per week during this period. Employee shall perform this advisory role until December 31, 2019, and his salary between May 1, 2019 and December 31, 2019 (the “EA Period’) shall be $93,750.00 per month.
Executive Advisor. During the Transition Period, Executive shall serve as an Executive Advisor to the Company under the terms of this Agreement. As Executive Advisor, Executive shall perform such duties and responsibilities as set forth on Exhibit A hereto, and as may reasonably be prescribed from time to time by the Company’s Chief Executive Officer (“CEO”), consistent with his position of Executive Advisor. Executive shall report directly to the CEO. Executive agrees to undertake and faithfully perform the duties and responsibilities of such position.
Executive Advisor. On June 3, 2019, Employee became a special advisor to Jacobs’ Chief Executive Officer (“CEO”), and as of the Transition Date Employee shall continue in this role on a modified full-time basis, with the expectation that Employee will work at least 21 hours per week during this period. Employee shall perform this advisory role until December 31, 2020, and his salary between October 1, 2019 and December 31, 2020 shall be $62,500.00 per month. The period between June 3, 2019 and December 31, 2020 is referred to as the “EA Period.” Such salary shall be paid, after applicable tax withholdings and deductions, in conformance with Jacobs’ normal payroll practices. During the EA Period, Employee shall not be eligible to receive any additional incentive compensation, such as cash bonuses or new equity awards, except as provided in Management Incentive Plan and/or Long Term Incentive Plan paragraph below to the extent any Fiscal Year 2019 incentive cash award is not paid until after the EA Period begins. Employee will accrue paid time off (“PTO”) during the EA Period and be eligible for holiday pay, which PTO accruals and holiday pay will be pro-rated based on Employee’s modified full-time employee status and the number of hours worked.
Executive Advisor. On July 1, 2016, Employee will resign his position as an executive officer of Jacobs and instead act as an advisor to Jacobs’ Chief Executive Officer on a part-time basis, with the expectation that Employee will work 21 hours per week during this period. Employee shall perform this advisory role until June 30, 2017, and his salary between July 1, 2016 and June 30, 2017 (the “EA Period’) shall be $328,125.00 per annum. Such salary shall be paid, after applicable deductions, in conformance with Jacobs’ normal payroll practices. During the EA Period, Employee shall not be eligible to receive any additional incentive compensation, such as cash bonuses or new equity awards, except as provided in Section 5 below. Employee will accrue paid time off (“PTO”) during the EA Period.