Transition Consulting. Employee agrees to be available to provide consulting services to the Company as an independent contractor from the Separation Date until May 16, 2008 (the “Consulting Period”) and, during normal business hours, to render such advice and services to the Company as may be reasonably required by the Company in its Arlington, Virginia and New York, New York offices in order to facilitate an orderly transition. In return, Employee will receive a weekly consulting fee of $19,952, which shall be paid in arrears no less often than bi-weekly. As a consultant, Employee shall not be an employee of the Company and shall not be entitled to participate in any employee benefit plans or other benefits or conditions of employment (including any bonus plans) available to the employees of the Company. Employee shall have no authority to act as an agent of the Company, except on authority specifically so delegated, and Employee shall not represent the contrary to any person. Employee shall not direct the work of any employee of the Company, or make any management decisions, or undertake to commit the Company to any course of action in relation to third persons. The Company will reimburse Employee for reasonable business expenses incurred during the Consulting Period in accordance with the Company’s policies, but in any event on or before June 30, 2008.
Transition Consulting. Company will provide the Employee with a payment of $30,000 (thirty thousand dollars), less applicable tax and withholdings and payment to a designated vendor for services rendered in the amount of $63,360 (sixty three thousand three hundred and sixty dollars). This payment will be made within 30 calendar days following the return of the signed waiver and release agreement. The Company will pay the Payment set out above in Section 2 per the payment dates outlined in Section 2 above, but not before all revocation periods have passed or as otherwise noted, provided Employee has not revoked his/her acceptance of this Agreement pursuant to Section 14(g). Employee understands that a signed Agreement must be returned on or before 21 calendar days after Employee’s receipt of this Waiver & Release Agreement.
Transition Consulting. After the Separation Date and through November 1, 2002, the Company may engage you from time to time as a consultant regarding patent and other technology issues ("Consulting Period"). Should the Company utilize you to perform transition consulting services it will be pursuant to the terms below.
Transition Consulting. If after the Effective Date Executive is terminated by the Company without Cause and the effective date of such termination is a date certain before December 1, 2021, then the Company and Executive shall, no later than the effective date of such termination, enter into a consulting agreement in the form attached hereto as Exhibit A (“Consulting Agreement”).
Transition Consulting. To the extent the parties agree to terminate Employee’s employment prior to July 18, 2008, Employee agrees to provide consulting services to the Company as an independent contractor from the Separation Date until the earlier of (i) the date on which the consulting relationship is terminated by either party or (ii) July 18, 2008 (the “Consulting Period”). During the Consulting Period, Employee will consult on various matters associated with the financial management of the Company, as requested by the Company, and will receive a weekly consulting fee, which shall be the same as Employee’s currently weekly prorated base salary and shall be paid in arrears no less often than bi-weekly. As a consultant, Employee shall not be an employee of the Company and shall not be entitled to participate in any employee benefit plans or other benefits or conditions of employment (including any bonus plans) available to the employees of the Company. Employee shall have no authority to act as an agent of the Company, except on authority specifically so delegated, and Employee shall not represent the contrary to any person. The Company will reimburse Employee for reasonable business expenses incurred during the Consulting Period in accordance with the Company’s policies, but in any event on or before December 31, 2008. Any amounts due under this Section shall be subject to tax withholding and reporting to the extent deemed necessary by the Company.
Transition Consulting. Employee agrees to provide consulting services to the Company from the Separation Date until May 16, 2008 (the “Consulting Period”) and to render such advice and services to the Company as may be reasonably required by the Company in order to facilitate an orderly transition. As a consultant, Employee shall not be an employee of the Company and shall not be entitled to participate in any employee benefit plans or other benefits or conditions of employment (including any bonus plans) available to the employees of the Company. Employee shall have no authority to act as an agent of the Company, except on authority specifically so delegated, and Employee shall not represent the contrary to any person. Employee shall not direct the work of any employee of the Company, or make any management decisions, or undertake to commit the Company to any course of action in relation to third persons. Employee’s weekly consulting fee shall be the same as Employee’s currently weekly prorated base salary, assuming Employee provides services for at least four days per week, but the Company shall only be required to pay Employee for services actually rendered during the consulting period. The Company will reimburse Employee for reasonable business expenses incurred during the Consulting Period in accordance with the Company’s policies.
Transition Consulting. Executive shall provide reasonable cooperation and assistance for a period up to four months after the Separation Date, at the request of any member of the Compensation Committee, the Chairman of the Audit Committee or any other member of the Board of Directors involved in appointing a successor chief financial officer or their respective designee(s), in connection with the transition of Executive’s duties. It is understood and agreed such consulting engagement is not for a fixed or minimum commitment of time by Executive. Such transition consulting shall be provided on a non-exclusive basis, and the amounts set forth in Section 2 shall be payable in full regardless of whether Executive accepts employment or performs services with any third party employer or entity (subject to Executive’s continuing obligations under the Employment Agreement).
