Monthly Retainer. (a) Subject to the fulfillment of the Consultant's tasks and obligations under this Agreement, the Company shall pay the Consultant a monthly fee of USD 10,000 (the “Monthly Retainer”). (b) The Consultant may take up to 28 days off per year of service, without reduction in the Monthly Retainer. The days off will include all types of absence excluding Jewish Holidays. The Monthly Retainer will be reduced if the Consultant takes more than 28 days off. The Consultant will not be entitled to accumulate the unused balance of the days off or to redeem the days off.
Appears in 2 contracts
Sources: Consulting Agreement (Cardio Vascular Medical Device Corp), Consulting Agreement (Cardio Vascular Medical Device Corp)