Example ContractsClausesCompensation for Services
Compensation for Services
Compensation for Services contract clause examples

Compensation for Services. As compensation for the services Executive will perform under this Agreement during the Employment Period, the Company will pay Executive, and Executive shall accept as full compensation, the following:

Compensation for Services. In full consideration of Danforth’s full, prompt and faithful performance of the Services, the Company shall compensate Danforth a consulting fee more fully described in Exhibit A (the “Consulting Fee”). Danforth shall, on a monthly basis invoice the Company for Services rendered, and such invoice will be paid upon thirty (30) days of receipt. Danforth reserves the right to an annual increase in consultant rates of up to 4%, effective January 1 of each year; the foregoing notwithstanding, Danforth agrees that it will not increase consultant rates during 2020. Upon termination of this Agreement pursuant to Section 3, no compensation or benefits of any kind as described in this Section 2 shall be payable or issuable to Danforth after the effective date of such termination In addition, the Company will reimburse Danforth for reasonable out-of-pocket business expenses as outlined in Exhibit A upon submission by Danforth of supporting documentation reasonably acceptable to the Company.

COMPANY shall pay to EMPLOYEE an annual base salary of $500,032.00 (“Base Salary”) as COMPANY’s President & Chief Executive Officer.

Payment For Services. As consideration for providing the put through services and necessary elevator facilities, office space, personnel and support equipment, [[Cargill:Organization]] will be paid a put-through fee equal to the fair market put through fee charged by elevators similarly situated for the applicable commodities. The fee shall be established upon commencement of this Agreement and shall be adjusted annually during the term of this Agreement to reflect the then current fair market put through fee. If the parties are unable to agree upon what is the fair market put through fee at the time such fee is to be established or adjusted, either party may submit the matter to the American Arbitration Association in Minneapolis, Minnesota. The decision of the arbitrators shall be binding upon the parties and enforceable in a court of law having jurisdiction over the parties.

Payment For Services. As consideration for providing the put through services and necessary elevator facilities, office space, personnel and support equipment, [[CHS:Organization]] will be paid a put-through fee equal to the fair market put through fee charged by elevators similarly situated for the applicable commodities. The fee shall be established upon commencement of this Agreement and shall be adjusted annually during the term of this Agreement to reflect the then current fair market put through fee. If the parties are unable to agree upon what is the fair market put through fee at the time such fee is to be established or adjusted, either party may submit the matter to the American Arbitration Association in Minneapolis, Minnesota. The decision of the arbitrators shall be binding upon the parties and enforceable in a court of law having jurisdiction over the parties.

*Above rates are plus all applicable taxes and airport fees except those specifically excluded in Section 4(D) of this Agreement.

Contractor agrees to perform services (“Services”) as described in one or more Statement(s) of Work signed by the parties that reference this Agreement (each, a “SOW”) and Company agrees to pay Contractor as set forth in the applicable SOW.

As compensation for a particular Service, the Customer Party agrees to pay to the Providing Party, for each of the first two (2) successive years during which such Service is provided (the “Initial Fee Period”), the respective amount set forth in # the Services Letter (or, if applicable, in a separate fee letter to be delivered by the Providing Party to the Customer Party dated as of the date hereof (the “Fee Letter”)) or # with respect to any Service performed pursuant to an SOW, in such SOW. The parties intend that any such fees reflect the market rate for comparable services. In the event the Services provided are increased or decreased during the Service Period, the fees associated therewith shall be increased or decreased, as applicable, on a pro rata basis.

Provider shall provide a minimum of twenty (20) hours and a maximum of fifty (50) hours consulting services and sales support each month as directed by Oracle’s senior management for a period of three (3) months from the Effective Date at an agreed upon rate of two thousand dollars ($2,000.00) per hour (the “Services”). All Services shall be invoiced monthly in arrears and payment shall be due fifteen (15) days after Oracle’s receipt of an invoice for the appropriate amount.

Subject to Section 6, during the period beginning January 1, 2020 and ending on January 1, 2022 (the “Consulting Period”), Executive agrees to make himself available to provide consulting services to the Company in accordance with this Section 3(a). During the Consulting Period Executive will advise or consult with the Company’s officers and employees on business or investment planning and strategy and other affairs of the Company as determined by the Company’s Chief Executive Officer. The Company and Executive intend that Executive’s resignation on December 31, 2019 constitute a “separation from service” under Section 409A of the Code and consistent with that intent, the time that Executive is required to devote to consulting services in each calendar year during the Consulting Period shall not exceed twenty percent of the average level of services that Executive provided to the Company during calendar years 2017, 2018, 2019 and 2022.

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