Grouped Into 3 Collections of Similar Clauses From Business Contracts
This page contains Services and Compensation clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Services and Compensation. Employee agrees to perform for the Company the services described in Exhibit A (the "Services"), and the Company agrees to pay Employee the compensation described in Exhibit A for Employee's performance of the Services. If not specified on Exhibit A, the scope, timing, duration, and site of performance of said Services shall be mutually and reasonably agreed to by the Company and Employee and are subject to change upon the written agreement of both parties. Employee will make reasonable, good fa...ith efforts to provide the Services in a timely and professional manner consistent with industry practices. Employee shall report to the Company's Chief Executive Officer. Employee shall devote his full time and efforts to his position as a senior corporate officer. Except as set forth on Exhibit A, the Company shall have no obligation to provide any compensation to Employee with respect to any Services rendered by Employee to the Company pursuant to this Agreement.View More
Services and Compensation. Employee agrees to perform for the Company the services described in Exhibit A (the "Services"), and the Company agrees to pay Employee the compensation described in Exhibit A for Employee's performance of the Services. If not specified on Exhibit A, the scope, timing, duration, and site of performance of said Services shall be mutually and reasonably agreed to by the Company and Employee and are subject to change upon the written agreement of both parties. Employee will make reasonable, good fa...ith efforts to provide the Services in a timely and professional manner consistent with industry practices. Employee shall report to the Company's Chief Executive Officer. Employee shall devote his full time and efforts to the performance of his position responsibilities as a senior corporate officer. officer, provided however, that Company is aware that Employee has a small, non-competitive law practice and is comfortable with Employee maintaining such practice in his spare time, as long as it does not interfere with his obligations hereinunder. Except as set forth on Exhibit A, the Company shall have no obligation to provide any compensation to Employee with respect to any Services rendered by Employee to the Company pursuant to this Agreement. View More
Services and Compensation. Consultant agrees to perform for the Company the services described in Exhibit A (the "Services"), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant's performance of the Services.
Services and Compensation. Consultant agrees to perform for the Company the services described in Exhibit A (the "Services"), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant's performance of the Services. Payment terms are net thirty (30) days from date of invoice.
Services and Compensation. As the Chief Financial Officer, you will be expected to supervise the accounting staff of the Company especially as it relates to the management of the Company's independent auditors and preparation for filing of the Company's SEC reports. Your compensation will be structured as follows: A.$20,000 will be paid to you ratably over the next 6 weeks to cover your services in connection with the preparation and filing of the Company's Q3 2014 10Q, any changes to the Company's accounting systems and ...procedures deemed necessary, preparation of required 8K reporting as needed, assistance with the 2015 forecast, as well as your general accounting and financial advice that come up in the ordinary course of business through the course of the following eight months. B.We will guarantee you $25,000 in respect of all services in connection with the preparation and filing of the Company's 2014 10K with the understanding that such amount represents a minimum of 200 hours. If it were to take more than 200 hours, you will bill us at 50% of your customary hourly rate capped at 50 hours (an additional $3,125) for a total maximum of $28,125. The guaranteed payment and any overages will be paid ratably over the three month period prior to the filing date of the Company's 2014 10K on a bi-weekly basis. C.$10,000 will be paid to you ratably over the 6 weeks period prior to the filing date of the Company's 2015 Q1 10Q to cover your services in connection with the preparation and filing of that report payable on a bi-weekly basis. D.Any significant transactions or projects outside of the scope of the items specifically listed above and outside of the normal course of business would be billed hourly at your customary hourly rate. In the interest of clarity, items that are outside of the scope of the above paragraphs include but are not limited to mergers, business acquisitions or dispositions; the issuance of any complex debt or equity instruments; the adoption of an Omnibus stock options plan, etc. Tasks related to these types of transactions could include but are not limited to initial assessment of the accounting treatment and financial reporting requirements, assistance in drafting the required documentation (for example, an Omnibus stock option plan, securities purchase agreements, merger agreements, etc. ), assistance in drafting any required related SEC filings such as 8-Ks, S-1s, or S-8s, and the final accounting treatment and disclosure required in the relevant 10Q or 10K. E.Your compensation at the end of the 8 month period will be subject to mutual good faith negotiations. F.Out-of-pocket direct expenses incurred by CFO Advisory Services, Inc. for the clear benefit of the Company will be billed separately. Out of pocket costs include, but are not limited to travel, reproduction and shipping costs. 1 3. Independent Contractor Status. A. It is understood and agreed that the performance of any services in respect of this Agreement is not intended to and does not create the relationship of employer-employee, for any purposes whatsoever, the relationship between such parties, including the Company on the one hand and CFO Advisory Services, Inc. on the other hand, being intended to be that of independent contracting parties only. B. You shall not be entitled to receive, and shall not receive any Company employee fringe benefits including but not limited to life, health or accident insurance coverage, vacation or pension benefits, if any. It is understood that you will be covered by the Company's directors and officer's liability insurance.View More
Services and Compensation. As the Chief Financial Officer, you will be expected to supervise the accounting staff of the Company especially as it relates to the management of the Company's independent auditors and preparation for filing of the Company's SEC reports. Your compensation will be structured as follows: A.$20,000 A.$12,000 will be paid to you ratably over the next 6 weeks period prior to the filing date of the Company's 2015 Q2 10Q to cover your services in connection with the preparation and filing of the Comp...any's Q3 2014 10Q, that report, any changes to the Company's accounting systems and procedures deemed necessary, preparation of required 8K reporting as needed, assistance with the 2015 forecast, as well as your general accounting and financial advice that come up in the ordinary course of business through the course of the following eight 12 months. B.We B.$12,000 will be paid to you ratably over the 6 weeks period prior to the filing date of the Company's 2015 Q3 10Q to cover your services in connection with the preparation and filing of that report payable on a bi-weekly basis. C.We will guarantee you $25,000 $24,000 in respect of all services in connection with the preparation and filing of the Company's 2014 2015 10K with the understanding that such amount represents a minimum of 200 hours. If it were to take more than 200 hours, you will bill us at 50% of your customary hourly rate ($120/hour) capped at 50 hours (an additional $3,125) $3,000) for a total maximum of $28,125. $27,000. The guaranteed payment and any overages will be paid ratably over the three month period prior to the filing date of the Company's 2014 2015 10K on a bi-weekly basis. C.$10,000 basis and any overage payments will be made within 2 weeks of filing. D.$12,000 will be paid to you ratably over the 6 weeks period prior to the filing date of the Company's 2015 2016 Q1 10Q to cover your services in connection with the preparation and filing of that report payable on a bi-weekly basis. D.Any E.Any significant transactions or projects outside of the scope of the items specifically listed above and outside of the normal course of business as the Chief Financial Officer of a public company, would be billed hourly at your customary hourly rate. rate of $120 per hour. In the interest of clarity, items that are outside of the scope of the above paragraphs include but are not limited to mergers, business acquisitions or dispositions; the issuance of any complex debt or equity instruments; the adoption of an Omnibus stock options plan, instruments;, etc. (generally referred to herein as "Extraordinary Transactions") Tasks related to these types of transactions Extraordinary Transactions could include but are not limited to initial assessment of the accounting treatment and financial reporting requirements, assistance in drafting the required documentation (for example, an Omnibus stock option plan, securities purchase agreements, merger agreements, etc. ), assistance in drafting any required Extraordinary Transaction related SEC filings such as 8-Ks, S-1s, or S-8s, and the final accounting treatment and disclosure required in the relevant 10Q or 10K. E.Your compensation at treatment. F.Your engagement will continue for a similar additional 12-month period unless either of us gives 30 days' notice prior to the end of thereof not to extend. In this regard, if so extended, your compensation for the 8 12 month extension period will be subject to mutual good faith negotiations. F.Out-of-pocket G.You will be reimbursed for any customary out-of-pocket direct expenses incurred by CFO Advisory Services, Inc. for the clear benefit of the Company separately. Expenses in excess of $100 will be billed separately. require prior written approval. Out of pocket costs include, but are not limited to travel, reproduction and shipping costs. 1 3. Independent Contractor Status. A. It is understood and agreed that the performance of any services in respect of this Agreement is not intended to and does not create the relationship of employer-employee, for any purposes whatsoever, the relationship between such parties, including the Company on the one hand and CFO Advisory Services, Inc. Michael Handelman on the other hand, being intended to be that of independent contracting parties only. B. You shall not be entitled to receive, and shall not receive any Company employee fringe benefits including but not limited to life, health or accident insurance coverage, vacation or pension benefits, if any. It is understood that you will be covered by the Company's directors and officer's liability insurance. View More
