Board Fees. The Executive shall promptly remit to the Company any compensation received by the Executive (including, without limitation, any fees, equity securities or retirement benefits) for service on the board of directors or similar governing body of any entity in which the Company owns at least five percent of the voting equity securities, unless the Board authorizes the Executive to retain some or all of any such compensation. Notwithstanding the foregoing, the Executive shall be entitled to retain any reimbursements paid to him by any such entity of the actual out-of-pocket expenses incurred by the Executive in attending any meeting of any such board or other governing body. Nothing in this Section 4(h) shall be deemed to authorize the Executive to serve on the board of directors or similar governing body of any other entity if doing so would cause the Executive to be in breach of his obligations under any other provision of this Agreement.
Board Fees. The Executive will not be entitled to any cash fees or other payments or equity grants for service as a director.
Board Fees. The Executive shall not be eligible to receive fees for board service consistent with that paid to outside board members, unless agreed upon in writing by the Parties or unless board fees are paid to other “inside directors”.
Board Fees. Executive shall be entitled to receive fees for serving as a director of the Bank or as a member of any committee of the Board of Directors in amounts equal to the other 2 members of the Board of Directors of the Bank. Board fees paid to Executive shall be in addition to and not in lieu of any other remuneration provided for under this Agreement.
Board Fees. During the period that you serve as a member of the WSFS Boards, WSFS shall pay to you such fees as are generally paid to other members of the WSFS Boards.
Board Fees. Executive shall be entitled to receive a retainer and fees for serving as a director of the Board of Directors of the Company in amounts equal to the other members of the Board of Directors of the Company. Board remuneration paid to Executive shall be in addition to and not in lieu of any other remuneration provided under this Agreement. 2
Board Fees. Any officers or employees of Wexford who serve as members of the Board shall be entitled to receive whatever fees, stock options, reimbursements or other compensation or benefits are paid to other members of the Board. At the request of Wexford, such amounts may be paid to Wexford instead of such officers and employees of Wexford in accordance with Wexford’s policies.
Board Fees. Notwithstanding anything contained herein to the contrary, it is understood and agreed that (a) Executive will be entitled to receive his board fees for the quarter ending September 30, 2014, prorated based upon the portion of such quarter that he served as a non-executive director of the Company (anticipated to be through September 15, 2014), which prorated board fees shall be paid at the same time as board fees are payable to the Company’s other non-executive directors, (b) during the Term, Executive will not be entitled to receive board fees in addition to the compensation set forth in this Agreement, and (c) if Executive remains on the Board as a non-executive director following the Termination Date, he shall be entitled to earn board fees during his remaining tenure on the Board in accordance with the Company’s policies (in effect from time to time) relating to payments to non-executive board members.
Board Fees. If, during the Consulting Term, the Executive is compensated for his services on the Board in an amount less than One Hundred Sixty Five Thousand Dollars ($165,000) per year (the “Director Fees), whether in the form of cash or equity, the annual Consulting Fees shall be increased to an amount such that the total annual Consulting Fees and Director Fees shall not be less than $500,000 in the aggregate.
Board Fees. In consideration for Executive’s services to the Company as a Trustee, the Company shall pay to Executive such annual fees and meeting attendance fees as the Company pays to the other Co-Chairman of the Board.
