Common use of Directors’ Expenses Clause in Contracts

Directors’ Expenses. The Company shall not pay any compensation to any member of the Company's Board of Directors in connection with the performance of their duties as a Director.

Appears in 2 contracts

Samples: Investor Rights Agreement (Cardionet Inc), Series B Preferred Stock Purchase Agreement (Oryx Technology Corp)

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Directors’ Expenses. The Company shall not pay any compensation to any member of the Company's Board of Directors in connection with the performance of their duties as a Director, provided however, the Company shall pay reasonable expenses incurred by Directors in performance of their duties.

Appears in 2 contracts

Samples: Investor Rights Agreement (Docent Inc), Investor Rights Agreement (Docent Inc)

Directors’ Expenses. The Company shall not pay any compensation to any member of the Company's Board of Directors in connection with the performance of their his or her duties as a Director, provided, however, that the Company shall pay the reasonable expenses of members of the Company's Board of Directors in connection with attending Board of Directors meetings (including airfare and hotels).

Appears in 1 contract

Samples: Investors' Rights Agreement (Rouge Wave Software Inc)

Directors’ Expenses. The Company shall not pay any compensation to any member of the Company's ’s Board of Directors in connection with the performance of their duties as a Director; provided, however, that the Company shall reimburse the reasonable out-of-pocket expenses of each member of the Company’s Board of Directors in connection with the performance of his or her duties as director.

Appears in 1 contract

Samples: Stockholders Agreement (Nimblegen Systems Inc)

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Directors’ Expenses. The Company shall not pay any compensation to any member of the Company's Board of Directors in connection with the performance of their duties as a Director, but the Company shall reimburse any Directors and board observers designated by the Holders of the Shares for their reasonable travel expenses related to their attendance at meetings of the Board of Directors and of any committee of the Board of Directors.

Appears in 1 contract

Samples: Investor Rights Agreement (Quantum Corp /De/)

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