Compensation as Chairman Sample Clauses

Compensation as Chairman. For his service as Chairman of the Board, Executive shall be compensated US$100,000 per annum, subject to any applicable taxes and withholdings.
Sample 1
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Compensation as Chairman. If the Company effects Equity Offerings with cumulative gross proceeds in excess of $2,500,000 GBP within 12 months following the date hereof, then, beginning September 1, 2011, Mitha shall be entitled to receive compensation in a customary amount to be agreed by the parties during such period as Mitha serves as Chairman of the Board of Directors.
Sample 1
Compensation as Chairman. During the Term, the Chairman shall receive compensation at the rate of Sixty-Two Thousand, Five Hundred Dollars ($62,500) per month, payable bi-weekly on the first and fifteenth day of each month, which shall be inclusive of all fees payable to Chairman for his service as Chairman of the Board. In addition, the Chairman shall be eligible to receive additional equity compensation under the RAIT Financial Trust 2017 Incentive Award Plan (the “2017 Plan”) in such form and amount as may be determined by the Compensation Committee of the Board. In the event that the Term is extended beyond the 2018 Annual Meeting by mutual agreement of the Chairman and the Board, the compensation of the Chairman during such extended Term shall continue at the same rate and on the same terms as during the initial Term hereunder or at such other rate and on such other terms as may be mutually agreed by the Chairman and the Board.
Sample 1
Compensation as Chairman. Following Executive’s termination as President and Chief Executive Officer, Executive shall be entitled to receive compensation in a customary amount to be agreed by the parties during such period as he serves as Chairman of the Board of Directors, provided that such payments shall not be required during such period as Executive is receiving Continuation Payments.
Sample 1
Compensation as Chairman. During the Term, the Chairman shall receive compensation at the rate of Five Hundred Thousand Dollars ($500,000.00) per year, payable semi-monthly on the first and fifteenth day of each month, which shall be inclusive of all fees payable to Chairman for his service as Chairman of the Board during the Term. In addition, the Chairman shall be eligible to receive additional equity compensation under the RAIT Financial Trust 2017 Incentive Award Plan (the “2017 Plan”) in such form and amount as may be determined by the Compensation Committee of the Board. The Chairman shall also be entitled to receive any unpaid compensation accrued under the Original Agreement through the Commencement Date of this Agreement. In the event that the Term is extended beyond the 2019 Annual Meeting by mutual agreement of the Chairman and the Board, the compensation of the Chairman during such extended Term shall continue at the same rate and on the same terms as during the initial Term hereunder or at such other rate and on such other terms as may be mutually agreed by the Chairman and the Board.
Sample 1
Compensation as Chairman. As compensation for Xxxxx Xxxxxxxxx’x services as Chairman of the Company’s Board of Directors shall be as follows:
Sample 1

Related to Compensation as Chairman

  • Chairman and Vice Chairman of the Board The Board may appoint one of its members as Chairman of the Board (“Chairman”). The Board may also appoint one of its members as Vice Chairman of the Board, and such individual shall serve in the absence of the Chairman and perform such additional duties as may be assigned to such person by the Board.

  • Chairman and Vice Chairman Unless provided otherwise by a resolution adopted by the Directors, the Chairman shall preside at meetings of the Members and the Directors; shall see that all orders and resolutions of the Directors are carried into effect; may maintain records of and certify proceedings of the Directors and Members; and shall perform such other duties as may from time to time be prescribed by the Directors. The Vice Chairman shall, in the absence or disability of the Chairman, perform the duties and exercise the powers of the Chairman and shall perform such other duties as the Directors or the Chairman may from time to time prescribe. The Directors may designate more than one Vice Chairmen, in which case the Vice Chairmen shall be designated by the Directors so as to denote which is most senior in office.

  • Resignation as Officer and Director Upon termination of this Agreement and the Executive’s employment hereunder for any reason by either party, the Executive shall be deemed to have resigned from all offices and positions the Executive may hold with the Company at such time including without limitation Board membership and/or positions as an officer of the Company.

  • Director Compensation Parent shall be responsible for the payment of any fees for service on the Parent Board that are earned at, before, or after the Effective Time, and Varex shall not have any responsibility for any such payments except as otherwise provided in Article VI with respect to deferred compensation. With respect to any Varex non-employee director, Varex shall be responsible for the payment of any fees for service on the Varex Board that are earned at any time after the Effective Time and Parent shall not have any responsibility for any such payments. Notwithstanding the foregoing, Varex shall commence paying quarterly cash retainers to Varex non-employee directors in respect of the quarter in which the Effective Time occurs; provided that (a) if Parent has already paid such quarter’s cash retainers to Parent non-employee directors prior to the Effective Time, then within thirty (30) days after the Distribution Date, Varex shall pay Parent an amount equal to the portion of such payment that is attributable to Transferred Directors’ service to Varex after the Distribution Date (other than any amount that is subject to a deferral election and is credited or to be credited to any such director’s account under the Parent Deferred Compensation Plans), and (b) if Parent has not yet paid such quarter’s cash retainers to Parent non-employee directors prior to the Effective Time, then within thirty (30) days after the Distribution Date, Parent shall pay Varex an amount equal to the portion of such payment that is attributable to Transferred Directors’ service to Parent on and prior to the Distribution Date.

  • Compensation of the Executive 3 4. Termination..............................................................4 5.

  • Compensation of Executive (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $225,000 per annum (the “Base Salary). The Corporation shall review the Base Salary on an annual basis and agrees to increase it by at least 10% per annum, but has no right to decrease the Base Salary.

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • 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.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company’s “senior executive officers” as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

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