Common use of Services Payment Clause in Contracts

Services Payment. Beginning on the Effective Date (as defined below), the Chairman agrees to undertake the services set forth on Exhibit A (collectively, the “Services”). As the only consideration due to the Chairman regarding the subject matter of this Agreement, the Company will pay to the Chairman the compensation set forth on Exhibit B. Unless otherwise specifically agreed upon by the Company in writing (and notwithstanding any other provision of this Agreement), all activity relating to Services will be performed by and only by the Chairman.