Common use of Fee Arrangement Clause in Contracts

Fee Arrangement. 4.1 Subject to the terms of this Agreement, Consultant shall be paid by the Corporation for the provision of the Consulting Services on a monthly retainer of 7,500 USD plus any applicable taxes, within 5 business days of the following month. 4.2 The Consultant shall not be entitled to be a participant in any of the employee or other benefit plans of the Corporation. 4.3 The Corporation shall pay to the Consultant all reasonable expenses actually and properly incurred by the Consultant in connection with the performance of its obligations under this Agreement, such expenses to be documented in accordance with the Corporation's standard policies and shall be subject to approval by the Corporation. The Consultant shall submit statements and vouchers for all such expenses once a month, at the end of each month. 4.4 The consultant shall participate as a member of the Business Development Team of the Corporation . The Consultant shall be, given from time to time, specific Mergers and Acquisitions and Financing mandates. The Consultant's compensation package for these said mandates shall be defined and accepted in writing by the Corporation prior to the execution of these said mandates. The Consultant shall be paid at closing of these transactions. These mandates will form an integral part of this agreement and shall be defined and attached in Schedule 4.4