Common use of Consulting Retainer Clause in Contracts

Consulting Retainer. In exchange for Executive's agreement to provide the consulting services described in paragraph 4 below, the Company agrees to pay Executive the amount of $1,875.00 each month for twelve months following the expiration of the Salary Continuation Period. This additional twelve-month period shall be referred to herein as the "Consulting Retainer Period."

Appears in 2 contracts

Sources: Separation Agreement (Simtek Corp), Separation Agreement (Simtek Corp)