Payment for Consulting Services. During the Consulting Period, the Consultant will be paid compensation for the performance of the covenants under this Agreement at an annual rate equal to the salary (as defined in Section 3.1 of the Employment Agreement) paid to Executive immediately prior to his termination of employment with the Company (the “Consulting Payment”), which shall be paid in equal monthly installments within ten (10) days of the end of each month of the Consulting Period or such earlier time(s) as the Company deems appropriate.
Payment for Consulting Services. Contractor shall submit itemized invoices within one working day following the last day of each calendar month, which shall be due and payable 30 days after the date of the invoice.
Payment for Consulting Services. The Company will pay Consultant each month the agreed upon fee as specified in Section 4 hereof. In addition thereto the Company, upon receipt of statement from Consultant, shall make prompt payment to Consultant such amounts as may be due for travel and other expenses as specified in Section 4 hereof.
Payment for Consulting Services. In consideration of the Consultant’s obligation to be available and to render advisory and consulting services pursuant to the provisions of paragraph 1, the Company shall pay to the Consultant compensation in the amount of $_______ per hour of such service. The Consultant shall provide the Company with reasonable written documentation of any such service on a monthly basis no later than the end of the following month, and the Company shall pay such amounts no later than 30 days after receipt of invoice.
Payment for Consulting Services. As long as Lane is in compliance with the terms of this Agreement, the Company agrees to pay Lane annually beginning on January 3, 2006 and on the first business day of each January thereafter to and including January 2010, an annual consulting fee of $110,000, plus reimburse him, upon submission of receipts and other appropriate written documentation, for reasonable and necessary out-of-pocket expenses actually incurred arising out of providing the consulting services hereunder. Notwithstanding the foregoing, in the event the Company determines that, as a result of recent tax legislation and the rules and regulations related thereto, the payment of the annual consulting fee would or may be treated as a deferred payment subject to a 20% excise tax thereon, the Company shall pay to Lane on August 1, 2005 a one time consulting fee of $500,000; provided, however, if Lane shall continue to fail to provide the consulting services provided for herein after 30 days written notice (the “Notice”) from the Company of such failure, Lane shall be required to remit to the Company an amount equal to $500,000 times a fraction, the denominator of which shall be the number of days from and including August 1, 2005 to and including July 31, 2010 and the numerator of which shall be the number of days from the date on which the Notice was sent to Lane to and including July 31, 2010, adjusted, however, to subtract therefrom the net federal and state income taxes paid by Lane with respect thereto. For purposes hereof the net federal and state income tax paid shall be the actual taxes paid in respect of the prior payment to Lane of such amount less the federal and state income tax benefit allowable to Lane on account of such remittance. It is the intention of the Company and Lane that the amount he is to remit shall be net of all income tax cost and benefits. Lane shall repay such amount when owed upon demand by the Company.
Payment for Consulting Services. In consideration for the Consulting Services provided by Consultant to the Company, together with other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company shall:
Payment for Consulting Services. GFY shall pay to Consultant a retainer equal to ten thousand dollars ($10,000). Consultant will then invoice GFY for hourly services at a rate of One Hundred Twenty Five Dollars ($125) per hour. Such invoices shall be due and payable within 14 days of receipt.
Payment for Consulting Services. SciDyn shall pay Calabash for the consulting services rendered hereunder, an annual fee of $240,000.00 to be paid in monthly payments of $20,000.00. Calabash shall be entitled to a bonus of one years fee's to be paid in SciDyn common stock at a value of $0.055 per share (4,363,636 shares) at the end of the term or on 31st December 2002 should the company continue in business after that date.
Payment for Consulting Services. In consideration for services rendered by the Consultant, the Company shall issue to Consultant or its designees six year warrants to purchase 147,188 shares of its common stock with an exercise price of $0.75 per share .
Payment for Consulting Services. In consideration of the advisory and consulting service provided by SLM Advisory Services under the provisions of paragraph 2, ITW will pay to SLM Advisory Services compensation in the amount of $20,000.00 per month. SLM Advisory Services may also invoice ITW for reasonable expenses incurred in connection with the consulting services.
