Director remuneration Clause Samples

The Director Remuneration clause defines how and under what terms directors of a company are compensated for their services. It typically outlines the types of payments directors may receive, such as salaries, bonuses, or other benefits, and may specify the process for approving or adjusting these payments, often requiring board or shareholder approval. This clause ensures transparency and fairness in director compensation, helping to prevent conflicts of interest and aligning director incentives with the interests of the company and its stakeholders.
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Director remuneration. The Company shall pay Director remuneration (if any) as set out in the Business Plan. Variation of any such remuneration shall be a Reserved Matter.
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Director remuneration. Each Director shall not ask for remuneration for providing services to the Company in his/her/its capacity as a Director. The Company shall reimburse each Director for his/her/its necessary and reasonable out-of-pocket expenses incurred in connection with attending Board meetings in accordance with Section 6.5 hereof, including but not limited to travel expenses, lodging expenses and other relevant expenses. Such expenditure shall be deemed as the Company’s operating expenses.
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Director remuneration. The Company and Project Co shall pay Director remuneration as set out in clause 5.7 (Director remuneration). Any increase in any such remuneration other than in accordance with clause 5.7 (Director remuneration) is a Reserved Matter.
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Director remuneration. Any Director who incurs expenses in fulfilling his/her duties as a Director shall be entitled to have such reasonable and properly incurred expenses reimbursed by the Company. Otherwise the Directors shall not be entitled to receive any remuneration by way of salary, commission, fees or otherwise exclusively in relation to the performance of their duties as Directors.
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Director remuneration. The Board will determine the compensation to Directors.
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Director remuneration. Any decision to pay remuneration to the Directors (including any Secretary of the Company) for their services as a Director (or Secretary) of the Company. 7. (Non-arms’ length arrangements) Entry into or amendment of any contract or arrangement other than on arms’ length terms and entry into or amendment of any transaction between the Company or its Subsidiaries and a Shareholder or an Affiliate of a Shareholder.
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Related to Director remuneration

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

  • Remuneration The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder.

  • Retainer 1.1.1. County does hereby retain A-E to perform the Projects/Services as required by this Contract. 1.1.2. A-E has offered, and County has accepted, the professional services of ▇▇▇▇▇ ▇▇▇▇▇, P.E., and A-E shall assign him/her to the Projects/Services. 1.1.3. A-E may employ special consultants/contractors for the accomplishment of the Projects/Services specified; and only the firms or independent consultants/contractors identified in Attachment C may be employed by A-E to provide these Projects/Services. 1.1.4. Consultants/contractors may be substituted and/or added by mutual Contract of A-E and the Director, County of Orange, OC Public Works or his designee, hereinafter referred to as 1.1.5. A-E's employment of independent consultants/contractors shall not relieve A-E from the performance of its own responsibilities pursuant to this Contract. However, all consultants/contractors independently contracting with County shall be independently liable to County for the performance of the work pursuant to their agreements, and A-E shall have no liability for work by contractors independently contracting with County.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows: