Common use of Post Employment Services Clause in Contracts

Post Employment Services. It is contemplated that some of REFAC’s assets may be sold in exchange for contract rights that include periodic payments and that some of the royalty agreements might be collected until maturity rather than sold. In such event and with respect to such contracts, XXXXXXX agrees to be responsible for the contract administration, which shall include invoicing (where appropriate), collecting the periodic payments, monitoring performance, and record keeping. XXXXXXX shall be reimbursed for all of his out-of-pocket costs associated therewith and will perform these services on a part-time basis.

Post Employment Services. It is contemplated that some of REFAC’s 's assets may be sold in exchange for contract rights that include periodic payments and that some of the royalty agreements might be collected until maturity rather than sold. In such event and with respect to such contracts, XXXXXXX CARDONNE agrees to be responsible for assist the Chief Executive Officer of REFAC in the contract administration, which shall include invoicing (where appropriate), collecting the periodic payments, monitoring performance, and record keeping. XXXXXXX CARDONNE shall be reimbursed for all of his out-of-pocket costs associated therewith and will perform these services on a part-time basis.

Post Employment Services. It is contemplated that some of REFAC’s assets may be sold in exchange for contract rights that include periodic payments and that some of the royalty agreements might be collected until maturity rather than sold. In such event and with respect to such contracts, XXXXXXX CARDONNE agrees to be responsible for assist the Chief Executive Officer of REFAC in the contract administration, which shall include invoicing (where appropriate), collecting the periodic payments, monitoring performance, and record keeping. XXXXXXX CARDONNE shall be reimbursed for all of his out-of-pocket costs associated therewith and will perform these services on a part-time basis.

Post Employment Services. It is contemplated that some of REFAC’s 's assets may be sold in exchange for contract rights that include periodic payments and that some of the royalty agreements might be collected until maturity rather than sold. In such event and with respect to such contracts, XXXXXXX agrees to be responsible for the contract administration, which shall include invoicing (where appropriate), collecting the periodic payments, monitoring performance, and record keeping. XXXXXXX shall be reimbursed for all of his out-of-pocket costs associated therewith and will perform these services on a part-time basis.