Common use of Compensation and Reimbursement of Expenses Clause in Contracts

Compensation and Reimbursement of Expenses. The directors shall receive such compensation for their services as shall be determined by the Board of Directors and may be paid their expenses, if any, of attendance at each meeting of the Board of Directors. No such reimbursement 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 reimbursement for attending committee meetings.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Exterran Holdings Inc.), Agreement and Plan of Merger (Hanover Compressor Co /)

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Compensation and Reimbursement of Expenses. The directors Directors shall receive such compensation for their services as shall be determined by the Board of Directors. The Directors and may be paid their expenses, if any, of attendance at each meeting of the Board of DirectorsDirectors and may be paid a fixed sum for attendance at each meeting of the Board of Directors as a stated salary as Director. No such reimbursement shall preclude any director Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like reimbursement for attending committee meetings.

Appears in 1 contract

Samples: Limited Liability Company Agreement (GPPW Inc)

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Compensation and Reimbursement of Expenses. The directors shall receive such compensation for their services as shall be determined by the Board of Directors and may be paid their expenses, if any, of attendance at each meeting of the Board of Directors. No such reimbursement shall preclude any director from serving the Company Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like reimbursement for attending committee meetings.

Appears in 1 contract

Samples: Merger Agreement (Locust Walk Acquisition Corp.)

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