Director remuneration. 5.7 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.
Director remuneration. 5.6 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.
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.
Director remuneration. The Board will determine the compensation to Directors.
Director remuneration. Any Director who incurs expenses in fulfilling their duties as a Director shall be entitled to have such reasonable expenses reimbursed by the Company. Otherwise (but without prejudice to any remuneration payable to a Director in respect of executive duties carried out under any separate service agreement with the Group) the Directors (other than Independent Directors) shall not be entitled to receive any remuneration by way of salary, commission, fees or otherwise in relation to the performance of their duties as Directors. The remuneration of the Independent Directors shall be subject to decision of the Principal Shareholders.
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.
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. 4.9 Committees Any committee of the Board shall be constituted so as to reflect, as closely as possible, the Board appointment rights set out in clause 4.2.2. It is acknowledged that Xxxxxxx shall have the right to appoint a chair of the relevant committee and that such chair shall have a casting vote in the event of an equality of votes save where such equality of votes relates to or concerns a Reserved Matter. 4.10
