Examples of Nonemployee Director in a sentence

For purposes of this Agreement, use of the terms “employment” and “employed” refers to providing services to the Company and its Affiliates in the capacity of an Employee, Nonemployee Director or Third-Party Service Provider.
The number of Shares received by any Non-employee Director shall equal the amount of foregone compensation divided by the Fair Market Value of a Share on the date that the compensation otherwise would have been paid to the Non-employee Director, rounded up to the nearest whole number of Shares.
Each Option granted pursuant to this Section 9 shall be evidenced by a written stock option agreement, which shall be executed by the Non-employee Director and the Company.
In addition, pursuant to such procedures as the Board (in its discretion) may adopt from time to time, each Non-employee Director may elect to forego receipt of all or a portion of the annual retainer, committee chair and meeting attendance fees and other cash compensation otherwise due to the Non-employee Director in exchange for an Option to purchase Shares.
Pursuant to such procedures as the Board (in its discretion) may adopt from time to time, each Non-employee Director may elect to forego receipt of all or a portion of the annual retainer, committee chair fees, meeting attendance fees and other cash compensation otherwise due to the Non-employee Director in exchange for Xxxxxx.

More Definitions of Nonemployee Director

Nonemployee Director means a Director who is an employee of neither the Company nor of any Affiliate.

Nonemployee Director means a member of the Board who is not an Employee.

Nonemployee Director means an individual who is a member of the Board and who is not an employee of the Company or any Subsidiary.

Nonemployee Director means an individual who is a member of the Board of Directors of the Company but who is not an Employee of the Company.

Nonemployee Director means a Director who is not an employee of the Company.