- 10 -
could perform the necessary audits upon submittal.
Olin would then hold the payment until called for
by me.
3. In addition, Olin would pay me the equivalent of
5% annual simple interest on the deferred payments
of item 2 above.
As required by paragraph 6 of the Marion plant/Palmer
consulting agreement, for each month from the inception of the
Marion plant/Palmer consulting agreement through June 1995,2 Mr.
Palmer submitted to Mr. Harris at the Marion plant a monthly
invoice for his fees and expenses with respect to the services
that he performed under that agreement for the monthly period
covered by the invoice, including the $1,700 Loomis residence
monthly payment, as follows:
2Although, as discussed below, the invoice submitted by Mr.
Palmer to Olin Ordnance for June 1995 covered the period June 5
through July 2, 1995, that invoice did not reflect any fees or
expenses incurred after June 30, 1995, the date on which the
Marion plant/Palmer consulting agreement was to terminate.
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Last modified: May 25, 2011