Directors Compensation Clause Samples
The Directors' Compensation clause establishes the terms under which members of a company's board of directors are paid for their services. It typically outlines the types of compensation directors may receive, such as fixed fees, meeting attendance fees, stock options, or reimbursement for expenses incurred while performing their duties. By clearly defining how and when directors are compensated, this clause helps prevent misunderstandings and ensures transparency regarding the financial arrangements between the company and its board members.
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Directors Compensation. During the time which Employee is a sitting member of the Board of Directors of Employer, and properly fulfills his duties therefor, Employer shall provide or reimburse to Employee expenses comparable to other Directors of Employer.
Directors Compensation. Directors shall not be compensated for services to the Company in their capacities as members of the Board.
Directors Compensation. In addition to all other compensation ---------------------- and reimbursement provided for in this agreement when ▇▇. ▇▇▇▇▇▇ during his executive employment serves as a Director of Unifi he is entitled to receive a Directors fee for such services to the same extent as other Executive Officers who are acting as Directors of Unifi; and when he serves as a Director during the consultant period, he is entitled to receive a Directors fee for such services to the same extent as outside directors of Unifi.
Directors Compensation. Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, the Board of Directors shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors or a stated salary as director. No such payment shall preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Directors Compensation. Any and all directors may receive such reasonable compensation for their services as such, whether in the form of salary or a fixed fee for attendance at meetings, with expenses, if any, as the Board of Directors may from time to time determine. Nothing herein contained shall be construed to preclude any director from serving the Corporation in any other capacity and receiving compensation therefor.
Directors Compensation. During the normal course of business, members of the Board of Directors are not eligible for compensation unless compensation is agreed to as a condition of the Board member’s service to the Company or in the event of extraordinary circumstances. Board members who are also employees of the Company receive no additional compensation for serving on the Board of Directors. While all Board members may be eligible to receive reimbursement for travel and related meeting attendance expenses, only non-employee Directors may be eligible to receive payment for serving on the Board of Directors.
Directors Compensation. The Compensation Committee shall periodically review the form and amounts of Directors’ compensation and make recommendations to the Board with respect thereto. The Board shall set the form and amounts of Directors’ compensation, taking into account the recommendations of the Compensation Committee. The Board believes that the amount of Directors’ compensation should fairly reflect the contributions of the Directors to the performance of the Company. The Chair of the Compensation Committee shall at least annually obtain a report on the director compensation policies and practices of the Company’s principal competitors and other comparable companies. Only non-management Directors shall receive compensation for their services as Director. To create a direct linkage with corporate performance, the Board believes that a meaningful portion of the total compensation of non-management Directors should be provided and held in Company common stock, stock options, restricted stock awards, or other types of equity-based compensation. The Board reserves the right to determine, from time to time, how to configure the leadership of the Board and the Company in the way that best serves the Company. Subject, during the Governance Period, to the requirements in Exhibit 2, the Board specifically reserves the right to vest the chair and chief executive officer responsibilities in the same individual. The Board has no fixed policy with respect to combining or separating the offices of chair and chief executive officer. In the event one individual holds both positions or if the chair is otherwise not an independent Director, then the non-management Directors, after consulting with all members of the Board, shall, from time to time, appoint an independent director to serve as the Lead Director.
Directors Compensation. During the time which Employee is a sitting member of the Board of Directors of NDS, and properly fulfills his duties therefor, Employer hereby provides to Employee expenses only comparable to other Directors of NDS.
Directors Compensation. Increase the annual fee or per-meeting fees paid to directors of any Obligor during any year by more than 15% over the prior year.
Directors Compensation. The Employee may receive additional compensation, if elected or appointed a Director of the Corporation, upon approval of such additional compensation by the Board of Directors of the Corporation.