Compensation for Board Service. If Xx. Xxxxxx is duly elected to the Board of Directors of the Company in accordance with Section 2(a), Xx. Xxxxxx shall be eligible to receive compensation as a non-employee director of the Company and the Company Bank following his appointment to the Board of Directors of the Company and Company Bank in accordance with the Company’s non-employee director compensation program as then in effect, pro-rated for any portion of the year for which he did not serve as a non-employee director.
Compensation for Board Service. Consistent with the Company’s director compensation program for non-employee directors, Executive will receive an annual cash retainer of $100,000, an award of fully vested shares of Company common stock having a grant date value of $145,000 and an annual retainer of $110,000 in respect of Executive’s service as non-executive Chairman of the Board for the period from July 1, 2021 through December 31, 2021. The stock retainer will be granted as soon as reasonably practicable after July 1, 2021 and the cash retainers will be paid in accordance with the Company’s normal practice regarding payment of director retainers.
Compensation for Board Service. Beginning on the Separation Date, while Executive serves as a non-employee director on Granite’s Board, Executive shall be entitled to the compensation and expense reimbursements Granite provides to non-employee directors prorated from the Separation Date.
Compensation for Board Service. During the Transition Period, you will not be entitled to any compensation (including any cash retainer and/or annual or other equity grant) for your Board services other than the New Option and New RSU (each as defined below), which shall be granted to you as additional compensation for your employment through January 1, 2008 and Board services. If you remain a member of the Board following the end of the Transition Period, you shall be eligible for the standard cash retainer and/or equity compensation provided to the members of Intuit’s Board (other than an Initial Option Grant for non-employee directors). Your Board position may only be terminated by Intuit according to the provisions of the Company’s bylaws.
Compensation for Board Service. The Executive shall not be entitled to additional compensation (other than the compensation otherwise provided for in this Agreement) for service on the Board or for service as a director, officer, or in any other capacity with any affiliate of the Corporation.
Compensation for Board Service. Directors shall receive no compensation for carrying out their duties as directors. However the Board may adopt policies providing for reasonable reimbursement of directors for expenses incurred in conjunction with carrying out Board responsibilities, such as travel expenses, printing costs, parking, purchasing of supplies, etc.
