Common use of Directors’ Remuneration Clause in Contracts

Directors’ Remuneration. Each Director receives a fixed annual fee for serving in such capacity. The fee will be in accordance with reasonable and customary directors’ fees. Directors’ fees are not paid out of the Fund but are paid for out of the fees levied by the Manager and the Company.

Appears in 12 contracts

Samples: pimcapital.mu, pimcapital.mu, pimcapital.mu

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Directors’ Remuneration. Each Director receives a fixed annual fee for serving in such capacity. The fee will be in accordance with reasonable and customary directors’ fees. Directors’ fees Directors Fees are not paid out of the Fund but are paid for out of the Management fees levied by the Manager and the CompanyManager.

Appears in 6 contracts

Samples: pimcapital.mu, pimcapital.mu, pimcapital.mu

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Directors’ Remuneration. Each Director receives a fixed annual fee for serving in such capacity. The fee will be in accordance with reasonable and customary directors’ fees. DirectorsDirectors Feesfees are not paid out of the Fund but are paid for out of the fees levied by the Manager and the Company.

Appears in 2 contracts

Samples: pimcapital.mu, pimcapital.mu

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