Common use of Director Benefits Clause in Contracts

Director Benefits. The New Director will be entitled to the same director benefits as other non-employee members of the Board, including (a) compensation for such director’s service as a director and reimbursement of such director’s expenses incurred after joining the Board, in each case on the same basis as all other non-employee directors of Company; (b) equity-based compensation grants and other benefits, if any, on the same basis as all other non-employee directors of Company; and (c) the same rights of indemnification and directors’ and officers’ liability insurance coverage as the other non-employee directors of Company as such rights may exist from time to time.

Appears in 2 contracts

Samples: Board Appointment Agreement (Intevac Inc), Investment Agreement (Cue Health Inc.)

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Director Benefits. The New Director will be entitled to the same director benefits from the Company as other non-employee members of the BoardBoard in their capacities as such, including (a) compensation for such director’s directors’ service as a director and reimbursement of such director’s expenses incurred after joining the Board, in each case on the same basis as all other non-employee directors of the Company; (b) equity-based compensation grants and other benefits, if any, on the same basis as all other non-employee directors of the Company; and (c) the same rights of indemnification and directors’ and officers’ liability insurance coverage as the other non-employee directors of the Company as such rights may exist from time to time.

Appears in 1 contract

Samples: Agreement (Zuora Inc)

Director Benefits. The New Director Directors will be entitled to the same director benefits as other non-employee members of the Board, including (a) compensation for such director’s directors’ service as a director directors and reimbursement of such director’s directors’ expenses incurred after joining the Board, in each case on the same basis as all other non-employee directors of Company; (b) equity-based compensation grants and other benefits, if any, on the same basis as all other non-employee directors of Company; and (c) the same rights of indemnification and directors’ and officers’ liability insurance coverage as the other non-employee directors of Company as such rights may exist from time to time.

Appears in 1 contract

Samples: Director Appointment Agreement (Oportun Financial Corp)

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Director Benefits. The New Director Directors will be entitled to the same director benefits as other non-non- employee members of the Board, including (a) compensation for such director’s directors’ service as a director directors and reimbursement of such director’s directors’ expenses incurred after joining the Board, in each case on the same basis as all other non-employee directors of Company; (b) equity-based compensation grants and other benefits, if any, on the same basis as all other non-employee directors of Company; and (c) the same rights of indemnification and directors’ and officers’ liability insurance coverage as the other non-employee directors of Company as such rights may exist from time to time.

Appears in 1 contract

Samples: Board Matters Agreement

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