Board of Directors Compensation Sample Clauses

Board of Directors Compensation. If during the term of this Agreement the Executive participates as a member of the Board of Directors, in addition to the compensation stated above, Executive shall receive a compensation for serving as a member of the Board of Directors of Calypso Wireless, Inc. in the amount determined by the Board of Directors of CALYPSO in its absolute and sole discretion for all members of the Board. Said Board of Directors Compensation shall be in addition to the base compensation and all other forms of compensation described herein in 5(A)-(C).
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Board of Directors Compensation. Except in the case of Cam Xxxxxx and except for reimbursement of expenses pursuant to Section 3.5, each non-employee director shall be compensated, if at all, in the same manner and in the same amounts as all other non-employee directors.
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Board of Directors Compensation. If during the term of this Agreement the Executive is invited to become a member of the Board of Directors, in addition to the compensation stated above, Executive shall receive compensation of $2,500 per month for serving as a member of the Board of Directors of Tasker Capital Corp.
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Board of Directors Compensation. Compensation for expenses incurred by Board members and/or alternates for authorized meetings of the Authority shall be borne by the Party that appointed, or Stakeholder that recommended, that Board member or alternate, as the case may be. However, the Board of Directors, by resolution, may adopt a reimbursement and/or compensation policy as part of its Operating Rules and Regulations.
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Board of Directors Compensation. As full compensation for Consultant's serving as a member of the Board of Directors pursuant to Section 2.1 above, the Company shall: (a) Pay consultant annually either Ten Thousand Dollars ($10,000) in cash or options to purchase shares of Common Stock under the Company's 1989 Stock Plan having an aggregate exercise price of Twenty Thousand Dollars ($20,000) (see formula below), at the choice of the Consultant, payable in accordance with Schedule 1. If the Consultant chooses options to purchase shares of common stock, the number of shares that could be purchased would be determined by the following formula: Five Thousand Dollars ($5,000) (quarterly payment) divided by the Effective Common Stock Price. The option would be immediately exercisable in full at a "strike" price equal to the Effective Common Stock Price. The option would have a ten (10) year term. (b) Distinct and different from the options described in Section 4.1(a), Consultant shall be granted an option to purchase 25,000 shares of Procept Common Stock (the "Standard Option") at $5 per share (unless Repricing occurs). The Standard Option (25,000 shares) vests annually over a period of 4 years at the rate of 6,250 shares per year, starting from the date of this Agreement and would have a ten (10)
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Board of Directors Compensation. As full compensation for Consultant's serving as a member of the Board of Directors pursuant to Section 2.1 above, the Company shall: (a) Pay consultant annually Ten Thousand Dollars ($10,000) in cash, payable in accordance with Schedule 1; (b) Issue to the Consultant an option to purchase 100,000 shares of Procept Common Stock (the "Standard Option") approved by the Board of Directors on January 24, 2000 at $4.19 per share, which was the Effective Common Stock Price on the date you joined the Board of Directors. The Standard Option (100,000 shares) vests as follows: 33,334 as of January 31, 2000; 33,333 on January 31, 2001, and 33,333 on January 31, 2002 and would have a ten (10) year term; and shall not be subject to early termination provisions of the Standard Option. The option shall be fully transferable by the Consultant, with the consent of the Compensation Committee (which shall not be unnecessarily withheld). (c) At its discretion, the Board of Directors may grant to the Director an additional option to purchase shares on each anniversary of the Director's Effective Date.
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Board of Directors Compensation. You will continue to receive the regular fees and equity compensation as Chair of the Board, in addition to the compensation as ICEO described herein.
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Board of Directors Compensation. Employee will serve as Chairman of the Board during the term of his employment and shall not be compensated for that service, as it shall be included in the compensation set forth herein, regardless of whether the Company compensates other Directors
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Board of Directors Compensation 
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Related to Board of Directors Compensation

  • The Board of Directors of Buyer shall have approved this Agreement and Buyer's acquisition of the Assets contemplated hereby.

  • Leave, Board of Directors A nurse who is elected to the Board of Directors of the Ontario Nurses' Association, other than to the office of President, shall be granted upon request such leave(s) of absence as she or he may require to fulfill the duties of the position. Reasonable notice - sufficient to adequately allow the Hospital to minimize disruption of its services shall be given to the Hospital for such leave of absence. Notwithstanding Article 10.04, there shall be no loss of seniority or service for a nurse during such leave of absence. Leave of absence under this provision shall be in addition to the Union leave provided in Article 11.02

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Board of Directors; Officers The Board of Directors and officers of Sub immediately prior to the Effective Time shall be the Board of Directors and officers, respectively, of the Surviving Corporation, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • Compensation of Directors; Expenses The Board shall have the authority to fix the compensation of Directors. The Directors may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Board of Directors Approval The Board of Directors of the Buyer --------------------------- shall have approved, ratified and affirmed the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

  • Compensation of Directors Directors on the Board shall not be entitled to receive a fee for the director’s services as a director on the Board.

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