Compensation of Directors and Officers. (a) Members of the Board of Directors shall not receive compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors. The Board of Directors or any compensation committee appointed by the Board of Directors may, from time to time, authorize the reimbursement by the Company of such expenses (including travel expenses) as may be incurred by Directors in the performance of their duties hereunder (including attendance at meetings of the Board of Directors).
(b) The Officers shall serve with or without such compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors thereof shall determine.
Compensation of Directors and Officers. (a) Members of the Board of Directors shall receive compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors. Such compensation shall be based on market terms as determined by the Board of Directors or any compensation committee appointed by the Board of Directors. In addition, the Board of Directors or any compensation committee appointed by the Board of Directors may, from time to time, authorize the reimbursement by the Company of such expenses (including travel expenses) as may be incurred by Directors in the performance of their duties hereunder (including attendance at meetings of the Board of Directors).
(b) The Officers shall serve with or without such compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors thereof shall determine.
Compensation of Directors and Officers. (a) Members of the Board shall receive such compensation for their services to the Company as the Board or any Committee appointed by the Board for such purpose shall determine. In addition, the Board or any Committee appointed by the Board for such purpose may, from time to time, authorize the reimbursement by the Company of such expenses (including travel expenses) as may be incurred by Directors in the performance of their duties hereunder (including attendance at meetings of the Board).
(b) The Officers shall serve with or without such compensation for their services to the Company as the Board or any Committee appointed by the Board for such purpose thereof shall determine.
Compensation of Directors and Officers. (a) The Board shall have the authority to fix the compensation (if any) of the Directors. The Directors may be paid their expenses (if any) of attendance at such meetings of the Board. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor.
(b) The compensation and other employee benefits of the Officers of the Company shall be fixed by the Board; provided that the Chief Executive Officer shall have the right to recommend the amount and nature of such compensation and employee benefits to the Board from time to time, and at least annually, and the Board shall consult with the Chief Executive Officer concerning his or her recommendations and consider such recommendations in good faith.
Compensation of Directors and Officers. No director or officer of the Corporation shall be entitled to any compensation from the Corporation in consideration of any services that may be from time to time rendered to the Corporation.
Compensation of Directors and Officers. 13 4.7 Indemnification .................................................... 13 4.8
Compensation of Directors and Officers. No director or officer of HYGFS shall be entitled to any compensation from HYGFS in consideration of any services that may be from time to time rendered to HYGFS.
Compensation of Directors and Officers. Any Managing Director who is a New World Group Member or who is employed by the Company will not receive compensation for service as a Managing Director. Independent directors each receive an annual retainer of $40,000, and an additional $10,000 is paid to the chairpersons of the Audit Committee and the Compensation Committee. All Managing Directors are entitled to reimbursement of their out-of-pocket expenses incurred in connection with their attendance at meetings of the Board of Managing Directors or in the performance of their duties as Managing Directors. No fees are paid to the Managing Directors for their attendance at board meetings. Executive officers of the Company receive compensation determined by the Board of Managing Directors. For fiscal 1996, the aggregate compensation accrued by the Company to all members of the Board of Managing Directors and executive officers, as a group, was approximately $2.6 million. The Board of Directors has adopted an incentive bonus plan in which all Executive Directors of the Company participate. Each year, the Compensation Committee determines, based upon the recommendation of the Chief Executive Officer, the level and criteria for bonus awards for the upcoming year. For fiscal 1996, the Company awarded bonuses to its Executive Directors aggregating approximately $0.9 million. The Company does not to disclose to its shareholders or otherwise make available information regarding the compensation of its individual Managing Directors or its executive officers.
Compensation of Directors and Officers. By: Name: Title:
Compensation of Directors and Officers. No director or officer of NFS shall be entitled to any compensation from NFS in consideration of any services that may be from time to time rendered to NFS.
