Common use of Adjustment to Compensation Clause in Contracts

Adjustment to Compensation. On each anniversary of the Effective Date during the term of this Agreement, the Board of Directors of the Corporation, or a committee of such a board, will carry out an objective review of the terms of reference of this Agreement and the Contractor's performance, including agreements in the marketplace, and, if warranted, the compensation provided herein may be increased by the Corporation (but not decreased) for the following year of the Term, and thereafter.

Appears in 1 contract

Sources: Management Agreement (Ima Exploration Inc)

Adjustment to Compensation. On each anniversary of the Effective Date during the term date of this Agreement, while the Board Consultant remains engaged by the Corporation, the board of Directors directors of the Corporation, or a committee of such a board, will carry out an objective review of the terms of reference of this Agreement and the ContractorConsultant's performance, including comparable agreements in the marketplace, andindustryand, if warranted, the compensation provided herein may be increased by the Corporation (but not decreased) for the following year of the Termengagement, if any, and thereafter.

Appears in 1 contract

Sources: Management Agreement (Amera Resources CORP)

Adjustment to Compensation. On each anniversary of the Effective Date during the term date of this Agreement, while the Board Contractor remains engaged by the Corporation, the board of Directors directors of the Corporation, or a committee of such a board, will carry out an objective review of the terms of reference of this Agreement and the Contractor's performance, including agreements in the marketplace, marketplace and, if warranted, the compensation provided herein may be increased by the Corporation (but not decreased) for the following year of the Termengagement, if any, and thereafter.

Appears in 1 contract

Sources: Consulting Services Agreement (Ima Exploration Inc)