Common use of Compensation; Reimbursement of Expenses Clause in Contracts

Compensation; Reimbursement of Expenses. (a) Pay any salary, fees, and other direct and indirect remuneration and compensation to any of its directors and executive officers in an amount in excess of those amounts paid to directors and executive officers of comparable companies engaged in the same general type of business and in similar financial condition;

Appears in 6 contracts

Samples: Credit Agreement (Cone Mills Corp), Credit Agreement (Consoltex Usa Inc), Master Lease (Cone Mills Corp)

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Compensation; Reimbursement of Expenses. (a) Pay any salary, fees, and other direct and indirect remuneration and compensation to any of its directors and executive officers in an amount in excess of those amounts paid to directors and executive officers of comparable companies engaged in the same general type of business and in similar financial condition;of

Appears in 1 contract

Samples: Credit Agreement (Covenant Transport Inc)

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