Hours Cap Clause Samples

Hours Cap. There is no formal cap to the hours or days Consultant may serve hereunder but neither Company nor Consultant intend for Consultant to perform Services requiring or consuming more than 20 percent of the time Consultant spent in the ordinary course of his employment with Company as defined as the average level of bona fide services performed by Consultant for Company over the 36-month period ending on the Effective Date. As of the Effective Date, the Parties intend that Consultant shall have incurred a “separation from service” with the Company and its Affiliates as determined under Section 409A of the Code, and this Agreement shall be administered and interpreted by the Parties in a manner that is consistent with such intent.