Document ID: 4139

Text:
3.Consulting Fee. In consideration of Consultants performance of the Consulting Services, during the Term, the Company shall pay Consultant a consulting fee at the rate of $50,000 per month that Consultant provides Consulting Services hereunder (theConsulting Fee), payable monthly in arrears during the Term (prorated for any partial months). Each monthly Consulting Payment will be made within 15 days after the month in which it is earned. Consultant acknowledges and agrees that (a)the Company is not required to withhold federal or state income, gross receipts or similar taxes from the Consulting Fee paid to Consultant hereunder or to otherwise comply with any state or federal law concerning the collection of income, gross receipts or similar taxes at the source of payment of wages, (b)the Company is not required under the Federal Unemployment Tax Act or the Federal Insurance Contribution Act to pay or withhold taxes for unemployment compensation or for social security on behalf of Consultant with respect to the Consulting Fee, and (c)the Company is not required under the laws of any state to obtain workers compensation insurance or to make state unemployment compensation contributions on behalf of Consultant.

Named Entities:
31
34
Salary
154
157
Act
160
163
Act

Tokenized Text:
3
.
Consulting
Fee
.
In
consideration
of
Consultants
performance
of
the
Consulting
Services
,
during
the
Term
,
the
Company
shall
pay
Consultant
a
consulting
fee
at
the
rate
of
$
50
,
000
per
month
that
Consultant
provides
Consulting
Services
hereunder
(
theConsulting
Fee
)
,
payable
monthly
in
arrears
during
the
Term
(
prorated
for
any
partial
months
)
.
Each
monthly
Consulting
Payment
will
be
made
within
15
days
after
the
month
in
which
it
is
earned
.
Consultant
acknowledges
and
agrees
that
(
a
)
the
Company
is
not
required
to
withhold
federal
or
state
income
,
gross
receipts
or
similar
taxes
from
the
Consulting
Fee
paid
to
Consultant
hereunder
or
to
otherwise
comply
with
any
state
or
federal
law
concerning
the
collection
of
income
,
gross
receipts
or
similar
taxes
at
the
source
of
payment
of
wages
,
(
b
)
the
Company
is
not
required
under
the
Federal
Unemployment
Tax
Act
or
the
Federal
Insurance
Contribution
Act
to
pay
or
withhold
taxes
for
unemployment
compensation
or
for
social
security
on
behalf
of
Consultant
with
respect
to
the
Consulting
Fee
,
and
(
c
)
the
Company
is
not
required
under
the
laws
of
any
state
to
obtain
workers
compensation
insurance
or
to
make
state
unemployment
compensation
contributions
on
behalf
of
Consultant
.