Remuneration to Directors. No remuneration shall be paid to the Directors by the Company unless it is agreed in writing by the Majority Shareholder.
Remuneration to Directors. Directors, as such, shall not receive any stated salary for their services, but by resolution of the Board of Directors, expenses of attendance, if any, and a fixed fee, may be allowed to directors for attendance at each regular or special meeting of the Board of Directors or of any committee thereof; but this Section does not preclude any director from serving the corporation in any other capacity and receiving compensation therefor.
Remuneration to Directors. The Company's Board of Directors shall have resolved, effective as of the Closing, to cease any and all payments or other remuneration (including grant of stock options) to any of its directors (other than its independent directors) with respect to their service as directors, excluding, for the avoidance of doubt, (i) payment to New York Delight Ltd., a company beneficially owned by Arie Wolfson, or any other party designated by Wolfson, for services pxxxxxxx xx Xolfson as Chairman of the Company's Xxxxx of Directors pursuant to thxx xxxxain consulting agreement (the "CONSULTING AGREEMENT") between the Company, Arie Wolfson and New York Delight Ltd., dated August 5th, 2002, and (ix) xxx xxxxxts due to the Company's directors with respect to the period terminating on and as of the Closing Date.
Remuneration to Directors. The Company’s Board of Directors shall have resolved, effective as of the Closing, to cease any and all payments or other remuneration (including grant of stock options) to any of its directors (other than its independent directors) with respect to their service as directors, excluding, for the avoidance of doubt, (i) payment to New York Delight Ltd., a company beneficially owned by Xxxx Xxxxxxx, or any other party designated by Xxxxxxx, for services provided by Xxxxxxx as Chairman of the Company’s Board of Directors pursuant to that certain consulting agreement (the “Consulting Agreement”) between the Company, Xxxx Xxxxxxx and New York Delight Ltd., dated August 5th, 2002, and (ii) any amounts due to the Company’s directors with respect to the period terminating on and as of the Closing Date.
Remuneration to Directors. 14 3.7 Observers............................................................................ 14 3.8 Indemnity for Directors and Others................................................... 15 3.9 Protection of Proprietary Rights..................................................... 15 3.10
Remuneration to Directors. The terms and conditions applicable to the remuneration payable to the Directors shall be as follows:
Remuneration to Directors. The Directors shall receive no remuneration, but the Directors may pay such salaries to bona fide employees of the Corporation as may from time to time seem proper. A Director shall not be debarred from receiving remuneration for any work which he may do for the Corporation on instructions from the Board in a professional capacity or in the course of his trade or calling and the Director shall not be debarred from entering into a contact with the Corporation. The Directors may be resolution, award special remuneration to any director or member of the Corporation undertaking any special service on the Corporation’s behalf other than the routine work ordinarily required of a director or a member of the Corporation, and confirmation of any such resolution or resolutions by the members shall not be required. The Directors shall also be entitled to be paid their travelling and other out-of-pocket expenses properly incurred by them in connection with the affairs of the Corporation.
