Additional Consulting Fee Clause Samples

The Additional Consulting Fee clause defines the circumstances under which a consultant may charge fees beyond the standard agreed-upon rate. Typically, this clause outlines specific situations—such as extra hours worked, specialized services requested by the client, or unforeseen project requirements—that trigger additional charges. By clearly establishing when and how extra fees can be incurred, this clause helps prevent disputes over compensation and ensures both parties understand the financial implications of changes in project scope.
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Additional Consulting Fee. In addition to the Consulting Fee, the Consultant will be eligible to receive an additional consulting fee annually based on his performance in each Fiscal Year the Consultant is engaged by the Company during the Term in an amount up to (i) one hundred percent (100%) of the Consulting Fee in effect on the last day of the Fiscal Year plus (ii) one hundred percent (100%) of the dollar value of the quarterly Common Stock grants made to the Consultant during the applicable Fiscal Year pursuant to Section 4.2 of the Agreement, determined based on the closing stock price of the Common Stock of the Company as of the date of the grants (the "Additional Consulting Fee"). The award of each year’s Additional Consulting Fee, if any, shall be based upon the following performance criteria and subject to the successful completion of the refinancing of the Company’s outstanding debt as of the date of this Agreement: (a) seventy-five percent (75%) based on the Company's objective evaluation of revenue growth, EBITDA growth and margin improvement, which shall be provided to the Consultant in writing at the beginning of each Fiscal Year (and no later than January 31 of each Fiscal Year), and (b) twenty-five percent (25%) based on the Company's subjective evaluation of the Consultant’s performance of the Consulting Services. Such determination shall be made after consultation with the Consultant within sixty (60) days following the end of each Fiscal Year during the Term commencing with the Fiscal Year ending December 31, 2012. For the Fiscal Year 2012, the criteria set forth above shall be evaluated commencing on the Effective Date. The Consultant must be engaged by the Company through December 31 of the applicable Fiscal Year in order to be eligible to receive an Additional Consulting Fee with respect to such Fiscal Year. Subject to Section 10 hereof, the Company shall pay any Additional Consulting Fee payable hereunder within seventy-four (74) days following the end of the applicable Fiscal Year. The Additional Consulting Fee will be paid in cash. In the event that as a result of any Indenture effective as of the payment date of the Additional Consulting Fee, the Additional Consulting Fee cannot be paid in its entirety in the form of cash, the portion of the Additional Consulting Fee that cannot be paid in cash shall be paid in the form of Common Stock. If such portion of the Additional Consulting Fee cannot be paid in the form of Common Stock because of the lack of availa...
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Additional Consulting Fee. 1. In addition to the Base Consulting Fee, Consultant shall be paid an Additional Consulting Fee in any calendar month in which the Operating Profit of the Enterprise, as defined in V.E, exceeds * . The Additional Consulting Fee shall be * for each complete increment of * of operating profit over the initial * of operating profit for that month. This Additional Consulting Fee shall apply during any month in which gross revenues for the year-to-date period are * or less. The year-to-date period shall begin on the date the Enterprise is open for business to the public and shall end 365 days later.
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Additional Consulting Fee. (a) For the year ending July 28, 2007 (which shall be the fiscal year end of the Company following the closing of the Merger), the Company shall pay Consultant such additional consulting fee, if any, as determined on a discretionary basis by the Board of Directors of the Company (with ▇▇▇▇ not participating in the determination) based upon the recommendation of the Company’s Compensation Committee. (b) For the fiscal year ending July 26, 2008, the Company shall pay Consultant an additional consulting fee in accordance with the terms of a plan (‘‘Bonus Plan’’) intended to be adopted by the Company’s Compensation Committee following the closing of the Merger, but not later than September 30, 2007 (‘‘Bonus Plan Adoption Date’’). Such additional consulting fee shall not be less than $100,000 (‘‘Minimum Guarantee’’). If the Company elects to extend this Agreement for one or both Extension Periods, the Company shall pay Consultant an additional consulting fee for each Extension Period as provided in the Bonus Plan, with the Minimum Guarantee to be prorated for partial years. (c) Any amounts due under this Section 3.3 shall be payable to the Consultant within 90 days of the end of the applicable fiscal year in a cash lump-sum payment.
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Additional Consulting Fee. In addition to the Base Consulting Fee, Consultant shall be paid an Additional Consulting Fee in any month in which the Net Revenue of the Enterprise (before the payment of any Consulting Fees) exceeds One Million Five Hundred Thousand Dollars ($1,500,000). The Additional Consulting Fee shall be: 1. Sixty Thousand Dollars ($60,000) for Net Revenue above One Million Five Hundred Thousand Dollars (1,500,000) but less than Two Million Dollars ($2,000,000) for that month; 2. Seventy Thousand Dollars ($70,000) for Net Revenue above Two Million Dollars ($2,000,000), but less than Two Million Five Hundred Thousand Dollars ($2,500,000) for that month; 3. Seventy Thousand Dollars ($70,000) for Net Revenue above Two Million Five Hundred Thousand Dollars ($2,500,000) but less than Three Million Dollars ($3,000,000) for that month;
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Additional Consulting Fee. In the event at any time during the Consulting Period the aggregate gross compensation paid by the Company to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇. and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇. is increased above $208,000 per annum (the "Salary Base"), immediately upon the effectiveness of such increase, the annual consulting fee payable by the Company to the Consultant shall be increased by an amount equal to 25% of the amount by which such aggregate gross compensation exceeds the Salary Base.
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Additional Consulting Fee. In addition to the Base Consulting Fee, Consultant shall be paid an Additional Consulting Fee after the opening of the Permanent Facility, which fee shall be negotiated in good faith by the parties within ninety (90) days of the Commencement Date. The Additional Consulting Fee shall be a sum certain for each certain increment that the Gross Revenue of the Enterprise exceeds a certain amount each month, all of which shall negotiate in good faith and shall be mutually acceptable to Consultant and the Tribe. The parties agree to amend this Agreement (the "Amendment") immediately following their mutual determination of the method of calculating the Additional Consulting Fee. The Additional Consulting Fee shall be calculated retroactively to the opening of the Permanent Facility, and any Additional Consulting Fee payable for such period shall be paid to Consultant within ten (10) days of the execution of the Amendment. Any Additional Consulting Fee payable thereafter shall be paid by the tenth (10th) day of the following month.
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Additional Consulting Fee. In addition to the Base Consulting Fee, Consultant shall be paid an Additional Consulting Fee in any month in which the Net Revenue of the Enterprise (before the payment of any Consulting Fees) exceeds One Million Five Hundred Thousand Dollars ($1,500,000.00). The Additional Consulting Fee shall be Ninety Thousand Dollars ($90,000.00) for each increment of Five Hundred Thousand Dollars ($500,000.00) of Net Revenue, or any portion thereof, above One Million Five Hundred Thousand Dollars ($1,500,000.00) for that month. Any Additional Consulting Fee payable under this Agreement shall be paid to Consultant by the twentieth (20th) day of the following month.
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Related to Additional Consulting Fee

  • Consulting Fee The Company shall pay the consultant the sum of six thousand two hundred fifty dollars ($6,250) per month (prorated for any partial month), which shall be paid in arrears in two installments of three thousand one hundred twenty-five dollars ($3,125) each on the 15th and 30th day of each calendar month.

  • Consulting Fees The Company shall pay Consultant consulting fees at an annual rate of $250,000 through June 30, 1999 and $350,000 thereafter. The Company may, but shall not be obligated to, increase the consulting fees from time to time. The consulting fees shall be payable in installments in the same manner and at the same times the Company pays salaries to executive officers of the Company, but in no event less frequently than equal monthly installments.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Base Fee The Company shall pay to the Advisor a quarterly base fee (the “Base Fee”) payable in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to 0.70% per annum of the Total Market Capitalization of the Company, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, “Total Market Capitalization” shall be calculated on a quarterly basis as (i) the average of the volume-weighted average price per share of Ashford Prime’s common stock for each trading day of the preceding quarter multiplied by the average number of shares of Ashford Prime’s common stock outstanding during such quarter, on a fully-diluted basis (assuming all common units and long term incentive partnership units in the Operating Partnership which have achieved economic parity with common units in the Operating Partnership have been converted to common stock in the Company), plus (ii) the quarterly average of the aggregate principal amount of the Company’s consolidated indebtedness (including the Company’s proportionate share of debt of any entity that is not consolidated but excluding the Company’s joint venture partners’ proportionate share of consolidated debt), plus (iii) the quarterly average of the liquidation value of the Company’s outstanding preferred equity. The Minimum Base Fee for each quarter will be equal to the greater of (i) 90% of the Base Fee paid for the same quarter in the prior year and (ii) the G&A Ratio multiplied by the Company’s Total Market Capitalization. For purposes of this Agreement, the “G&A Ratio” will be calculated as the simple average of the ratios of total general and administrative expenses, less any non-cash expenses but including any dead deal costs, paid in the applicable quarter by each member of a select peer group set forth in Exhibit A (each, a “Peer Group Member” and collectively, the “Peer Group”), divided by the total enterprise value of such Peer Group Member (calculated in the same manner as the Company’s Total Market Capitalization). The G&A Ratio for each Peer Group Member will be calculated based on the financial information presented in such Peer Group Member’s Form 10-Q or 10-K periodic filings with the SEC following the end of each quarter. The Peer Group may be modified from time to time by mutual written agreement of the Advisor and a majority of the Independent Directors, negotiating in good faith. The Base Fee, as calculated above, shall be payable in arrears no later than the 15th day following the end of each quarter (i.e., one-fourth of 0.70% of the Total Market Capitalization of the Company). The Minimum Base Fee shall be calculated as soon as practicable following the end of the quarter, and to the extent the Minimum Base Fee exceeds the Base Fee paid to the Advisor with respect to any quarter, the Company will pay the Advisor the difference between Minimum Base Fee and the Base Fee within 5 business days of final calculation of the Minimum Base Fee. For purposes of payment of the Base Fee for a partial quarter relating to the first quarter in which this Agreement is effective or for the last quarter in which this Agreement is terminated, the Base Fee shall be calculated as 0.70% of the Total Market Capitalization of the Company, calculated using each trading day of such partial quarter prior to termination, multiplied by the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable. The Minimum Base Fee shall be similarly reduced proportionately based on the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable.

  • Development Fee A fee for the packaging of a Property or Mortgage, including the negotiation and approval of plans, and any assistance in obtaining zoning and necessary variances and financing for a specific Property, either initially or at a later date.