Certain Director Fees. Except as provided in subsection (a), above, Duke Energy shall retain responsibility for the payment of any fees payable in respect of service on the Duke Energy Board of Directors that are payable but not yet paid as of the Distribution Date, and Spectra Energy shall have no responsibility for any such payments (to an individual who is a member of the Spectra Energy Board of Directors as of the Effective Time or otherwise).
Appears in 3 contracts
Samples: Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Duke Energy CORP)
Certain Director Fees. Except as provided in subsection (a), above, Duke Energy shall retain responsibility for the payment of any fees payable in respect of service on the Duke Energy Board of Directors that are payable but not yet paid as of the Distribution Date, and Spectra Energy GasCo shall have no responsibility for any such payments (to an individual who is a member of the Spectra Energy GasCo Board of Directors as of the Effective Time or otherwise).
Appears in 1 contract
