Services Fees and Payment. 1.1. The Company engages the Director as an independent contractor to provide services described in Schedule ‘A’ attached hereto (the “Services”), and the Director agrees to perform such Services. 1.2. The Company will pay to the Director the compensation indicated in Schedule ‘A’ (the “Compensation”), in full payment and reimbursement for providing the Services and for necessary expenses incurred in connection therewith, in the manner and at the times set out in Schedule ‘A’ attached hereto, and the Director will accept such compensation as full payment and reimbursement as aforesaid. 1.3. In addition to the Compensation, the Company shall reimburse the Director payment of the following expenses within 30 days of receiving satisfactory written documentation (sufficient to be audited and included in the Company’s tax return) setting out the expense incurred by the Director: • Transportation and lodging costs incurred for the Director to attend any meeting of the Company’s board of directors, provided the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company has previously approved the nature, scope, and extent of such costs in writing after receiving a cost estimate from the Director; • Any other expense approved in writing by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company. 1.4. The Director shall not be entitled to recover from the Company reimbursement for any expenses that were not approved in advance by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company.
Appears in 6 contracts
Samples: Director Service Agreement (Portlogic Systems Inc.), Director Service Agreement (Portlogic Systems Inc.), Director Service Agreement (UOMO Media Inc.)
Services Fees and Payment. 1.1. The Company engages the Director as an independent contractor to provide services described in Schedule ‘A’ attached hereto (the “Services”), and the Director agrees to perform such Services.
1.2. The Company will pay to the Director the compensation fees indicated in Schedule ‘A’ (the “CompensationFees”), in full payment and reimbursement for providing the Services and for necessary expenses incurred in connection therewith, in the manner and at the times set out in Schedule ‘A’ attached hereto, and the Director will accept such compensation fees as full payment and reimbursement as aforesaid.
1.3. In addition to the CompensationFees, the Company shall reimburse the Director payment of the following expenses within 30 days of receiving satisfactory written documentation (sufficient to be audited and included in the Company’s tax return) setting out the expense incurred by the Director: • Transportation and lodging costs incurred for the Director to attend any meeting of the Company’s board of directors, provided the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company has previously approved the nature, scope, and extent of such costs in writing after receiving a cost estimate from the Director; • Any other expense approved in writing by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company.
1.4. The Director shall not be entitled to recover from the Company reimbursement for any expenses that were not approved in advance by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company.
Appears in 1 contract
Samples: Director Service Agreement (First Source Data, Inc.)
Services Fees and Payment. 1.1. The Company engages the Director as an independent contractor to provide services described in Schedule ‘A’ attached hereto (the “Services”), and the Director agrees to perform such Services.
1.2. The Company will pay to the Director the compensation indicated in Schedule ‘A’ (the “Compensation”), in full payment and reimbursement for providing the Services and for necessary expenses incurred in connection therewith, in the manner and at the times set out in Schedule ‘A’ attached hereto, and the Director will accept such compensation as full payment and reimbursement as aforesaid.
1.3. In addition to the Compensation, the Company shall reimburse the Director payment of the following expenses within 30 days of receiving satisfactory written documentation (sufficient to be audited and included in the Company’s tax return) setting out the expense incurred by the Director: • ● Transportation and lodging costs incurred for the Director to attend any meeting of the Company’s board of directors, provided the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company has previously approved the nature, scope, and extent of such costs in writing after receiving a cost estimate from the Director; • ● Any other expense approved in writing by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company.
1.4. The Director shall not be entitled to recover from the Company reimbursement for any expenses that were not approved in advance by the Chief Executive Officer of the Company, the Chief Financial Officer of the Company, or the board of directors of the Company.
Appears in 1 contract
Samples: Director Service Agreement (Portlogic Systems Inc.)