Common use of Director’s Rights Clause in Contracts

Director’s Rights. Art. 16. The Director has the right to a monthly fixed allowance for performance of his/her assignments, in amount of XXX , equal to twice the last 12 months average of the monthly gross earnings of the branch in which the company operates, at a salary range according to the national classification of economic activities, as communicated by the National Institute of Statistic prior to appointment, according to General Meeting of Shareholders Resolution No. /

Director’s Rights. Art. 1613. The Director has the right to a monthly fixed allowance for performance of his/her assignments, in amount of XXX , equal to twice ……… the last 12 months average of the monthly gross earnings of the branch in which the company operatesCompany operates (XXXX code ), at a salary range according to the national classification of economic activities, as communicated by the National Institute of Statistic prior to appointment, according to General Meeting of Shareholders Resolution No. /

Director’s Rights. Art. 1615. The Director has the right to a monthly fixed allowance of for performance of his/her assignmentshis mandate, in amount of XXX , value equal to twice the last 12 months average of the monthly gross earnings of the branch in which the company operates, at a salary range according to the national classification of economic activities, as communicated by the National Institute of Statistic prior to appointment, according to General Meeting of Shareholders Resolution No. /.

Director’s Rights. Art. 1615. The Director has the right to a monthly fixed gross allowance for performance of his/her assignments, his mandate in amount of XXX ……….., equal to twice 2 times the last 12 months average of the monthly gross earnings of the branch in which the company operates, at a salary range according to the national classification of economic activities, as communicated by the National Institute of Statistic prior to appointment, according to General Meeting of Shareholders Resolution No. /.

Director’s Rights. Art. 1613. The Director has the right to a monthly fixed allowance for performance of his/her assignments, in amount of XXX , equal to twice the last 12 months average of the monthly gross earnings of the branch in which the company operates, at a salary range according to the national classification of economic activities, as communicated by the National Institute of Statistic prior to appointment, according to General Meeting of Shareholders Resolution No. /