Director’s Fee. In consideration of the services to be rendered under this Agreement, Company shall pay Director an annual fee at the rate of $1,000.00, which shall be paid in increments of $250.00 per quarter.
Director’s Fee. 1. Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or any other similar organ of a company which is a resident of the other Contracting State may be taxed in that other State.
Director’s Fee. In consideration of the services to be rendered under this Agreement, Company shall pay Director a fee at the rate of Five Hundred Dollars ($500) per quarter, which shall be paid in accordance with Company's regularly established practices regarding the payment of Directors' fees, but in no event later than 12 months after the Effective Date of this Agreement and each of its subsequent anniversaries, if any.
Director’s Fee. In consideration of the services to be rendered under this Agreement, Company shall pay Director compensation prior to a successful closing of a secondary Public Offering and uplisting as detailed in attached Exhibit A. The Company shall pay Director after a successful closing of a secondary Public Offering and uplisting as detailed in attached Exhibit B. A successful closing of an Initial Public Offering and uplisting means a completion of the secondary Public Offering financing and an uplisting of Company Shares from the OTC to the Nasdaq or the NYSE American, as the case may be. Any payments made on annual and not quarterly basis will be returned by Director on a pro rata basis should the Director not complete their service as a Director for the full year.
Director’s Fee. In consideration of the services to be rendered under this Agreement, Company shall pay Director an initial earned fee of $10,000 and an additional annual fee at the rate of $24,000.00, which shall be paid in accordance with Company's regularly established practices regarding the payment of Directors' fees, or in increments of $2,000.00 per month, but in no event later than 12 months after the Effective Date of this Agreement and each of its subsequent anniversaries, if any. Director agrees and acknowledges that the compensation will be paid only from funds received in future raises or from positive cash-flow, if those funds are available. if the funds are not available, the Director agrees to accept like payment of the annual fee in options in the same form as Exhibit B, if after 12 months the Company does not have cash available to compensate the Director.
Director’s Fee. In consideration of the Services, the Company shall pay Director a fee as follows:
Director’s Fee. In consideration of the services to be rendered under this Agreement, Company shall pay a non-employee director’s fee of $3,000 per month and an attendance fee of $1,500 for each day of attendance to the Board of Directors’ Meeting or any other meetings or visits done on behalf of the Company. The Company shall also provide Director with a twelve thousand dollar ($12,000) signing bonus, and shall provide Director with a non-employee Special Directors Incentive Fee of 2,000,000 shares per year (the “Incentive Fee”). The Incentive Fee shall be payable quarterly in 500,000 share increments with the initial 500,000 shares to be payable within ten (10) days of execution of this Agreement. In the event (i) of a merger, change in control or sale of Company or (ii) Director either is terminated as a board member or is not reelected, where the Director has not engaged in conduct during his tenure on the board which would Constitute “cause” for such termination, as determined by a majority vote of the disinterested board members, the Shares immediately shall become fully vested. “Cause” means a determination by a majority of the disinterested board members that the Director has been engaged in any of the following: (i) malfeasance in office; (ii) gross misconduct or neglect; (iii) false or fraudulent misrepresentation inducing Director’s appointment; (iv) willful conversion of corporate funds; (v) material breach of an obligation to make full disclosure; (vi) gross incompetence; (vii) gross inefficiency; (viii) acts of moral turpitude; or (ix) repeated failure to participate (either by telephone or in person) in board meetings on a regular basis despite having received proper notice of the meetings at least 5 days in advance thereof. The removal of Director, by itself, shall not affect the vesting schedule. During the term of this Agreement, Director may be granted stock options or other equity rights, as determined by Company’s Compensation Committee, in its sole discretion.
Director’s Fee. In consideration of the services to be rendered under this agreement, company will compensate the director with 500,000 shares of 144 company stock with piggyback registration rights, of which 100.000 shall be vested on the date of execution of this agreement. The remaining shares shall be vested on a quarterly basis throughout a three-year period. In the event of an acquisition, reverse merger, S-1 registration, or other liquidity event all shares will immediately vest and be included in any necessary regulatory filing.
Director’s Fee. As Director, you will be entitled to a director's fee of USD ☑ per annum, payable quarterly in arrears, subject to the approval received at the annual general meeting of the Company.
Director’s Fee. Effective January 1, 1998 and continuing through December 31, 1999, the Director hereby elects to defer his monthly Director’s fees, meeting fees, and committee fees commencing as follows: St. Xxxxxxx Capital Corporation $ 16,500.00 St. Xxxxxxx Bank, F.S.B. $ 13,500.00 Total $ 30,000.00 Director may elect to increase or decrease his deferral election for any year by delivering a notice, to the Bank; provided, however that the Director’s total deferrals from all members of the Controlled Group may not be terminated or reduced below $30,000.00 per year without the Bank’s express consent. If Director ceases to be a member of the Board, he shall be deemed to have terminated his deferral. If the Director should terminate his deferral prior to December 31, 1999 for any reason other than Director’s death, Director’s benefits under this Agreement shall be payable pursuant to paragraph 5.
