Consulting Arrangements Sample Clauses

Consulting Arrangements. (a) During the Consulting Term (as such term is hereinafter defined), the Executive shall serve in an advisory capacity to the Chairman and Chief Executive Officer of the Company for the purpose of providing such strategic consulting services as may be mutually agreed upon by the Executive and the Company's Chairman and Chief Executive Officer, including, without limitation, the making of strategic recommendations regarding the Company's business and operations and such other matters as are within the Executive's expertise. Such consulting services shall be performed at such place or places as shall be mutually agreed upon by the Executive and the Company and shall be, at the Company's discretion, for at least 20 hours per month. The Executive shall perform such consulting services at such time or times as may be convenient for the Executive and otherwise as mutually agreed upon by the Executive and the Company; provided, however, that the Executive shall not be required to provide any such services during the period from July 27, 2000 through and including August 31, 2000. For purposes of this Agreement, the "Consulting Term" shall be the period from June 22, 2000, through and including February 19, 2004. (b) As compensation for and in consideration of the consulting services to be performed hereunder, the Company shall pay the Executive a fee of $174,370.00 per month ("Monthly Consulting Fees"), with the first payment to be due upon the execution hereof, and a like payment to be due during the first week of each month thereafter during the remaining Consulting Term; provided, however, that the Monthly Consulting Fee due with respect to the month of June 2000, but only that month, shall be $136,326.00. Notwithstanding the immediately preceding sentence, at any time during the Consulting Term the Executive shall have the right and option (the "Early Termination Option"), exercisable only after the occurrence of a Triggering Event (as such term is hereinafter defined), to terminate in its entirety his obligation to provide consulting services hereunder and to receive a lump sum cash payment from the Company (the "Final Payment") equal to the remaining Monthly Consulting Fees then due hereunder, discounted from the dates such Monthly Consulting Fees would otherwise have been paid had the Executive not exercised the Early Termination Option at a discount rate of 5.0% per annum. The Executive shall exercise the Early Termination Option by providing written not...

Consulting Arrangements. The Principal Stockholder hereby agrees to provide consulting services to the Corporation on the following terms and conditions:

Consulting Arrangements. Arrangements reasonably satisfactory to Parent shall have been entered into between the Company and DevExperts LLC and its affiliates in connection with the provision of ongoing consulting services, including the documentation of the existing software applications utilized by the Company and its Subsidiaries that have been developed by DevExperts LLC.

Consulting Arrangements. I understand that the Company may request that I consult on various matters after the Termination Date, but that neither the Company nor I have any obligation to undertake such a relationship or to continue any such relationship after it has commenced. If the Company and I mutually agree to retain my services as a consultant, I agree that my initial rate for these services will be $250 per hour and that I will be reimbursed for all reasonable business expenses that I may incur in connection with providing those services. If I propose to change the hourly rate for my consulting services, I will provide the Company with 30 days prior written notice thereof. I will provide reasonable documentation to the Company to support any fees or expenses that are owed to me.

Consulting Arrangements. Principal Investigators and Pfizer may be parties to a consulting agreement or other outside agreement to which Institution is not a Party. Pfizer acknowledges and agrees that Institution has no involvement with or responsibility for these consulting or outside agreements.

Consulting Arrangements. (a) Between the Termination Date and the Expiration Date, the Executive agrees to make himself available during normal business hours at the principal executive offices of the Company to render advisory or consulting services (the "Services") to members of senior management of the Company or the Company's representatives (including, but not limited to legal, tax and accounting); provided, however, that in no event shall the Executive be required to devote more than one full business day during any two-week period in rendering such Services. (b) If and to the extent the Company requires the advice and assistance of the Executive as provided in this Section 12, the Executive and the Company agree that the Executive shall be compensated at a rate of $50 per hour (or $400 for a full 8-hour day). Except as otherwise agreed to between the Executive and the Company, the Executive shall not be entitled to any additional compensation for the Services, including reimbursement for any out-of-pocket expenses incurred by the Executive at the request of the Company in connection with his performance of such Services. The foregoing notwithstanding, the compensation paid to the Executive for rendering the Services shall be in addition to the Severance Payments. (c) In rendering the Services contemplated by this Section 12, the Executive shall be an independent contractor and shall not be considered as having an employee status or being entitled to participate in any employee plans, arrangements or distributions by the Company. As an independent contractor, the Executive shall be solely responsible for determining the means and methods for performing the Services. All activities of the Executive will be at his sole risk and the Executive shall have sole responsibility for arrangements to guard against physical, financial, and other risks, as appropriate. Notwithstanding the parties' intention and agreement that the Executive be an independent contractor and not be an employee of the Company, the parties recognize that the applicable law and proper application thereof is not always clear. Accordingly, the Executive understands and agrees that if the Executive should be classified as an employee under any such law, the Executive shall remain ineligible to participate in any Company pension, profit-sharing (including 401(k)), health (except as otherwise provided herein), life, and all other employee benefit plans, and the Executive expressly waive any right to any such benefi...

Consulting Arrangements. The Parent Principal Shareholders agree to assist Parent, its officers and directors on a consulting basis for a period of one year from the date of Closing for no additional compensation or remuneration (other than reimbursement of reasonable expenses agreed in advance) to help ensure a smooth transition in the management of Parent and to promote the business and prospects of Parent during that time. Such consulting services shall be provided at the reasonable request of Parent, shall be performed from the offices of the Shareholders unless otherwise agreed and shall be scheduled so as to not interfere with the other business pursuits of the Shareholders.

Consulting Arrangements. For so long as the Transaction Agreement is in effect and has not been terminated, solely to the extent necessary to permit Management to perform their obligations under the Transaction Agreement, RFIG agrees that it shall not enforce against Management any provision of the Consulting Arrangements. Moreover, RFIG agrees to cause to be terminated all Consulting Arrangements, effective upon the consummation of any Qualifying Offering or Qualifying Acquisition, provided that the Company has complied with the terms of this Agreement (including Section 3) in connection with such Qualifying Offering or Qualifying Acquisition.

Consulting Arrangements. (i) You, the Company and the Parent have been operating under a consulting arrangement in which you devote up to forty percent (40%) of your full business time and effort to matters concerning the Company and/or the Parent, as directed by the Parent's Chief Executive Officer, in exchange for a payment of twenty thousand dollars ($20,000) per each full month of service, payable monthly in arrears. This consulting arrangement terminated effective April 15, 2006 and the parties agree that the payment in-full for your services for one-half of the month of April was ten thousand dollars ($10,000). (ii) Effective April 16, 2006, the parties will operate under a new consulting arrangement that will continue through March 31, 2007, during which time you shall provide consulting services to the Company by mutual agreement between you and the Parent's Chief Executive Officer on an as-needed basis, but in no event in excess of forty percent (40%) of your full business time and effort per month. As compensation for your past services as a consultant and for future services as a consultant described in this subparagraph (ii), the Company agrees to grant to you seventy thousand (70,000) fully vested non-qualified stock options to purchase Common Stock with an exercise price equal to the closing price of the Common Stock on the Nasdaq National Market as of the date of the grant. These options shall be issued pursuant to the Parent's 2005 Equity Incentive Plan and will be subject to the standard non-qualified stock option grant agreement promulgated thereunder. The term of these options shall be 10 years. These options shall be exercisable at any time during your service as a director of the Parent and for five (5) years following the termination of your service as a director of the Parent, subject in all cases to the 10-year term of the options. Your rights and obligations concerning such stock options shall be governed in all respects by the terms and procedures of the 2005 Equity Incentive Plan and the applicable option grant agreement. The date of the grant under this paragraph 2(g)(ii) shall be May 12, 2006.