Common use of Board Compensation and Other Benefits Clause in Contracts

Board Compensation and Other Benefits. The Company agrees that the New Directors (or any Replacement Director) shall receive (A) the same benefits of director and officer insurance as all other non-management directors on the Board, (B) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board and (C) such other benefits on the same basis as all other non-management directors on the Board.

Appears in 2 contracts

Samples: Cooperation Agreement (Electromed, Inc.), Cooperation Agreement (Summers Value Fund LP)

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Board Compensation and Other Benefits. The Company agrees that the New Directors (or any Replacement Director) shall receive (A) the same benefits of director and officer insurance as all other non-management directors on the Board, (B) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board Board, and (C) such other benefits on the same basis as all other non-management directors on the Board.

Appears in 2 contracts

Samples: Cooperation Agreement (RC Ventures LLC), Cooperation Agreement (Bed Bath & Beyond Inc)

Board Compensation and Other Benefits. The Company agrees that the New Directors Director (or any Replacement Director) shall receive (A) the same benefits of director and officer insurance as all other non-management directors on the Board, (B) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board and (C) such other benefits on the same basis as all other non-management directors on the Board. Xxxxxxx Value shall not pay any compensation to the New Director (or any Replacement Director) for such person’s service as a member of the Board.

Appears in 1 contract

Samples: Cooperation Agreement (Summers Value Fund LP)

Board Compensation and Other Benefits. The Company agrees that the New Directors (or any Replacement Director) shall receive (Ai) the same benefits of director and officer insurance and indemnification as all other non-management directors on the Board, (Bii) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board Board, and (Ciii) such other benefits on the same basis as all other non-management directors on the Board.

Appears in 1 contract

Samples: Cooperation Agreement (Daktronics Inc /Sd/)

Board Compensation and Other Benefits. The Company agrees that the New Directors Director (or and any Replacement Director) shall receive (Ai) the same benefits of director and officer insurance as all other non-management directors on the Board, (Bii) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board Board, and (Ciii) such other benefits on the same basis as all other non-management directors on the Board; provided, however, that the Company cannot affect, influence or otherwise change and shall not be responsible for how any of the Investors classify or disclose their pecuniary interest in or beneficial ownership of any equity compensation paid to the New Director (or any Replacement Director).

Appears in 1 contract

Samples: Cooperation Agreement (Benefitfocus, Inc.)

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Board Compensation and Other Benefits. The Company agrees that the each New Directors Director (or and any Replacement Director) shall receive (Ai) the same benefits of director and officer insurance as all other non-management directors on the Board, (Bii) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board Board, and (Ciii) such other benefits on the same basis as all other non-management directors on the Board.

Appears in 1 contract

Samples: Cooperation Agreement (Tabula Rasa HealthCare, Inc.)

Board Compensation and Other Benefits. The Company agrees that the New Directors (or any Replacement Director) shall receive (A) the same benefits of director and officer insurance as all other non-management directors on the Board, (B) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board and (C) such other benefits on the same basis as all other non-management directors on the Board.

Appears in 1 contract

Samples: Cooperation Agreement (Emcore Corp)

Board Compensation and Other Benefits. The Company agrees that the New Directors Director (or any Replacement Director) shall receive (A) the same benefits of director and officer insurance as all other non-management directors on the Board, (B) the same compensation for his or her service as a director as the compensation received by other non-management directors on the Board and (C) such other benefits on the same basis as all other non-management directors on the Board. Sxxxxxx Value shall not pay any compensation to the New Director (or any Replacement Director) for such person’s service as a member of the Board.

Appears in 1 contract

Samples: Cooperation Agreement (Electromed, Inc.)

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