Payment of Consulting Fee. For the services contemplated by this Agreement, Xxxxxxx Xxxxx Futures shall, at no additional cost to the Fund, remit to the Consultant a monthly Consulting Fee equal to 0.0833 of 1% of the Fund's month-end assets (before any subscriptions, redemptions and distributions) a 1% annual rate. For purposes of such calculation assets are reduced by the product of the brokerage commission rate plus the administrative fee rate less the Consulting Fee rate multiplied by the month-end assets (before any subscriptions, redemptions and distributions). Xxxxxxx Xxxxx Futures will remit the Consulting Fees due to the Consultant within ten (10) business days of the month-end as of which they are due. At such time as Xxxxxxx Xxxxx Futures remits each monthly Consulting Fee payment hereunder to the Consultant, Xxxxxxx Xxxxx Futures shall also provide information sufficient for the Consultant to verify Xxxxxxx Xxxxx Futures' calculations in respect of such month. If the Consultant does not object to such statement within ten (10) business days of the receipt thereof, such statement shall for all purposes be deemed to be conclusively correct. The description of Net Asset Value set forth in the Fund's Confidential Private Placement Memorandum (the "Memorandum") provided to the Consultant together herewith is hereby confirmed in all respects. Consultant recognizes and agrees that Xxxxxxx Xxxxx Investment Partners Inc., the Fund's general partner ("the General Partner"), has the authority to reallocate assets away from Consultant's Fund account at any time and that the Consulting Fees due hereunder shall reflect any such reallocation as of its effective date.
Payment of Consulting Fee. Contractor will be paid a consulting fee of $8750 semi-monthly for October and November 2006. Unless otherwise agreed by the Company Contractor will not receive any cash compensation following November 30, 2006. Contractor was entitled to earn up to four weeks of paid time off under the Prior Agreement, and the parties agree that such vacation entitlement and accrual terminated as of September 30, 2006, and that the balance of all accrued time as of such date shall be paid to Consultant by October 31, 2006. EQUITY COMPENSATION: Reliant issued Contractor Warrant No. 38 (the “Warrant”) on February 1, 2005, a copy of which is attached hereto as Exhibit B, which shall remain in full force and effect pursuant to the terms contained therein, except as set forth below.
Payment of Consulting Fee. The Consulting Fee shall be paid in cash, by certified cheque or wire transfer.
Payment of Consulting Fee. The Consulting Fee shall be payable monthly in arrears on the last day of each calendar month (or, if this Agreement is terminated on a date other than such date, the date of such termination) on a pro-rata basis for time worked during that month.
Payment of Consulting Fee. Reliant issued Contractor Warrant No. 41 (the “Warrant”) on May 31, 2005, a copy of which is attached hereto as Exhibit B. The shares underlying the Warrant shall vest pursuant to the Vesting Schedule described in Section 2 of the Warrant. Contractor and Reliant agree that the issuance of the Warrant and the vesting of shares thereunder shall constitute full and complete payment for Contractor’s services hereunder. All further vesting, whether such Warrant is held by Contractor or a transferee of Contractor, shall immediately cease upon termination of this Agreement or Contractor’s services hereunder for any reason, unless (i) Reliant terminates Contractor without Cause (as such term is defined in the Warrant) within twelve (12) months following a Change of Control (as such term is defined in the Warrant); or (ii) the litigation by and between the Company and Xxxxxxx Xxxxx and Xxxxxxxx Xxxxx is resolved in its entirety by way of settlement or upon a final resolution of all claims by the Superior Court of the State of California, in which case all vesting will accelerate in full.
Payment of Consulting Fee. Parent agrees to pay, on behalf of the Company, the consulting fees payable pursuant to Section 3(a) of that certain Consulting Agreement to which the Company is a party, dated October 28, 2003, by issuing up to a total of 360,000 shares of Parent Common Stock to the consultant designated in writing by the Company. Such shares will be issued to the designated consultant in the following amounts on the following dates: (i) 264,000 shares on the Closing Date, (ii) 24,000 shares on the first Milestone Date, (iii) 36,000 shares on each of the second and third Milestone Dates.
Payment of Consulting Fee. The Consulting Fee will be paid to Consultant by the Company as set forth on Attachment 1.
Payment of Consulting Fee. Subject to Section 4(a) hereof, upon the termination or expiration of this Agreement, the Company shall pay Consultant any Consulting Fees that are due and payable through the date of termination. Thereafter, the Company’s obligations hereunder shall cease. The Company shall have no obligation to pay any compensation to Consultant following the termination of this Agreement, except as otherwise provided in this Section 5(a).
Payment of Consulting Fee. Subject to the terms and conditions contained in this Release, the Company shall pay John xx aggregate amount equal to the present value with interest accrued at an annual rate of 10.596 for unpaid payments of $5,000 per month due from July 1, 1996 through the date of this Release, and discounted at 10.5%; for unpaid but not yet due monthly consulting fee payments through September 1, 2000 (the "Consulting Agreement Payment The Company shall pay John xxxty percent: (50%) of the Consulting Agreement Payment within three (3) business days of the execution of this Release and shall pay the balance in accordance with the terms and conditions of the Company's Promissory Note essentially in the form attached hereto as Exhibit 1.
Payment of Consulting Fee. The Consulting Fee shall be payable bi-weekly in arrears on the 15th day of each calendar month and the last day of each calendar month (or, if this Agreement is terminated on a date other than such dates, the date of such termination) after receipt by SESI of an invoice stating the number of days worked by Consultant in a given period.
