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RICK » Topics » Compensation and Benefits During the Engagement Term

This excerpt taken from the RICK 8-K filed Sep 8, 2008.
Compensation and Benefits During the Engagement Term.
 
  
(a)
Compensation.  Rick’s shall pay to Consultant eighteen (18) equal monthly payments of $7,407.38 per month for a total amount equal to $133,333 for the Term of this Agreement.  The consulting fee shall be due on the 15th day of each month with the first payment due October 15, 2008.

 
(b)
Expenses.  If previously approved in writing by Rick’s Chief Executive Officer, Rick’s will reimburse Consultant for any out of pocket expenses reasonably and necessarily incurred by the Consultant in rendering services required under this Agreement.  Consultant will be required to provide a detailed statement and reasonable documentation to Rick’s prior to any reimbursement.

 
(c)
Intellectual Property.  It is agreed by the Parties that all intellectual property rights and other intangible assets, including, without limitation, tradenames, trademarks, servicemarks, corporate names, logos and any existence or possible combination or derivation of any and all of the same during the term of this Agreement shall remain the sole property of Rick’s.

5.            
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