Common use of Expenses of Board Members Clause in Contracts

Expenses of Board Members. The Company agrees to reimburse each of the directors elected to the Company's Board by the Purchasers for their reasonable and properly documented out-of-pocket travel and lodging expenses in connection with attending Board meetings and performing their respective obligations and responsibilities as directors of the Company upon receipt of an itemized invoice or expense report with appropriate receipts or other evidence in support of such expenses.

Appears in 3 contracts

Samples: Series C Preferred Stock and Warrant Purchase Agreement (Softlock Com Inc), Series B Preferred Stock and Warrant Purchase Agreement (Softlock Com Inc), Series a Preferred Stock Purchase Agreement (Softlock Com Inc)

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Expenses of Board Members. The Company agrees to reimburse each of the directors elected to the Company's Board of Directors by the Purchasers for their reasonable and properly documented out-of-pocket travel and lodging living expenses in connection with attending Board of Directors' meetings and performing their respective obligations and responsibilities as directors of the Company upon receipt of an itemized invoice or expense report with appropriate receipts or other evidence in support of such expensesCompany.

Appears in 2 contracts

Samples: Series a Preferred Stock and Warrant Purchase Agreement (Telantis Venture Partners v Inc), Series a Preferred Stock and Warrant Purchase Agreement (Visalia Trust)

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Expenses of Board Members. The Company agrees to reimburse each of the directors elected to the Company's Board by the Purchasers of Directors for their reasonable and properly documented out-of-pocket travel and lodging expenses in connection with attending Board of Directors' meetings and performing their respective obligations and responsibilities as directors of the Company upon receipt of an itemized invoice or expense report with appropriate receipts or other evidence in support of such expensesCompany.

Appears in 1 contract

Samples: Series a Preferred Stock and Warrant Purchase Agreement (Cellomics Inc)

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