During the Term of this SOW, as compensation for the Services set forth above, Company shall pay Consultant a service fee for each Consultant Resource (the “Service Fee”). The Service Fee includes compensation allocated in accordance with Section 4.3 of the Agreement, which consists of a cash payment (“Cash Portion”) and a grant of common stock of the Company (“Equity Portion”). In the event a Consultant Resource does not perform project work for a complete month or reduces the project time allocation during a particular month, the Service Fees shall be reduced and pro-rated accordingly when invoiced for the subsequent month.
As compensation for the Services set forth above to be provided by the Consultant Resource, and in accordance with Section 4.3 of the Agreement, Company shall compensate Consultant for both the Cash Portion and Equity Portion of the Service Fee as follows:
● Payment of the Cash Portion equal to $[***] for each month during the SOW Initial Term and, if applicable, any subsequent SOW Renewal Terms.
● Provision of the Equity Portion equal to [***] shares of Company common stock, as calculated per Section 4.3.2 of the Agreement
Service fees shall not exceed the amounts for each month as set forth herein without the consent of Company. However, in the event that the Company requests, and the Consultant agrees to provide, additional time for a requested Consultant Resource (“Added Time”), such Added Time shall be billable based on the applicable hourly rate per Consultant Resource.
All monthly invoices shall be paid in accordance with Section 4 of the Agreement.