Document ID: 14067

Text:
2. Compensation and Expense Reimbursement. In sole consideration for the Services, Consultant shall be paid a fee of $50,000.00 per month, in arrears each month, over the Term (the Compensation) (prorated for any partial month of Services); provided that notwithstanding the foregoing, if the Company terminates the Term prior to the three-month anniversary of the date hereof without cause (as determined by the Company in good faith applying generally the same standards as those contained in the definition of Cause under the Employment Agreement, as if the Employment Agreement remained in effect), then (i)the Company shall pay Consultant an amount equal to $150,000.00 within ten (10)business days following the end of the Term, less any fees previously paid to Consultant hereunder, and (ii)for purposes of determining the vesting of any equity in paragraph 2 of Section1 of this Agreement, the Term shall be deemed to continue until the three-month anniversary of the date hereof. In addition, the Company will reimburse Consultant for any reasonable and documented out-of-pocket travel and out-of-town lodging expenses that Consultant properly incurs in the performance of the Services, subject to Consultants compliance with the Companys expense reimbursement policies; provided that Consultant must submit a notice to the Company and receive prior written approval from the Company for any such expenses expected to exceed $2,500 individually or $5,000 in the aggregate.

Named Entities:
21
26
Salary
67
68
TerminationDate
99
100
Title
125
130
Salary
258
261
Salary
264
267
Salary

Tokenized Text:
2
.
Compensation
and
Expense
Reimbursement
.
In
sole
consideration
for
the
Services
,
Consultant
shall
be
paid
a
fee
of
$
50
,
000
.
00
per
month
,
in
arrears
each
month
,
over
the
Term
(
the
Compensation
)
(
prorated
for
any
partial
month
of
Services
)
;
provided
that
notwithstanding
the
foregoing
,
if
the
Company
terminates
the
Term
prior
to
the
three-month
anniversary
of
the
date
hereof
without
cause
(
as
determined
by
the
Company
in
good
faith
applying
generally
the
same
standards
as
those
contained
in
the
definition
of
Cause
under
the
Employment
Agreement
,
as
if
the
Employment
Agreement
remained
in
effect
)
,
then
(
i
)
the
Company
shall
pay
Consultant
an
amount
equal
to
$
150
,
000
.
00
within
ten
(
10
)
business
days
following
the
end
of
the
Term
,
less
any
fees
previously
paid
to
Consultant
hereunder
,
and
(
ii
)
for
purposes
of
determining
the
vesting
of
any
equity
in
paragraph
2
of
Section1
of
this
Agreement
,
the
Term
shall
be
deemed
to
continue
until
the
three-month
anniversary
of
the
date
hereof
.
In
addition
,
the
Company
will
reimburse
Consultant
for
any
reasonable
and
documented
out-of-pocket
travel
and
out-of-town
lodging
expenses
that
Consultant
properly
incurs
in
the
performance
of
the
Services
,
subject
to
Consultants
compliance
with
the
Companys
expense
reimbursement
policies
;
provided
that
Consultant
must
submit
a
notice
to
the
Company
and
receive
prior
written
approval
from
the
Company
for
any
such
expenses
expected
to
exceed
$
2
,
500
individually
or
$
5
,
000
in
the
aggregate
.