Common use of Compensation During Consulting Period Clause in Contracts

Compensation During Consulting Period. For consulting services rendered by Executive during the Consulting Period, the Company shall pay Executive an annualized amount of $255,000 per year, payable in twelve (12) monthly installments in advance through May 12, 2017.

Compensation During Consulting Period. For consulting services rendered by Executive during the Consulting Period, the Company shall pay Executive an annualized amount of $255,000 21,250.00 per yearmonth, payable in twelve (12) advance monthly installments in advance through the end of the Consulting Period. From May 12, 2017, the consulting period shall continue month to month and shall continue until Executive or the Company provides the other with notice in writing within five (5) days prior to the end of any such monthly period of the decision to terminate the consulting arrangement (the “Consulting Period”).”