Common use of Fees and Compensation of Directors Clause in Contracts

Fees and Compensation of Directors. Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, the Board shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board, and may be paid a fixed sum for attendance at each meeting of the Board or a stated salary as director. No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 3 contracts

Samples: Merger Agreement (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC)

AutoNDA by SimpleDocs

Fees and Compensation of Directors. Unless otherwise restricted by the Certificate of Incorporation or these Bylaws, the Board of Directors shall have the authority to fix the compensation of directors. The directors Directors and committee members may be paid their expenses, if any, of attendance at each meeting of the Boardboard or committee meeting, and may be paid a fixed sum for attendance at each board or committee meeting of the Board or a stated salary as directordirector or a committee member, and such other compensation as the Board of Directors may determine. No such payment shall preclude any director or committee member from serving the Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Merger Agreement (Xedar Corp)

Fees and Compensation of Directors. Unless otherwise restricted by the Restated Certificate of Incorporation or these Bylaws, the Board shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board, Board and may be paid a fixed sum for attendance at each meeting of the Board or a stated salary as director. No such payment shall preclude any director from serving the Corporation corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Merger Agreement (Synnex Corp)

AutoNDA by SimpleDocs

Fees and Compensation of Directors. Unless otherwise restricted by the Certificate certificate of Incorporation incorporation or these Bylawsbylaws, the Board of Directors shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, including without limitation compensation for services as members of attendance at each meeting of the Board, and may be paid a fixed sum for attendance at each meeting committees of the Board or a stated salary as directorof Directors. No such payment compensation shall preclude any director from serving the Corporation corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Restructuring and Exchange Agreement (Xtant Medical Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!