Voting Trustee’s Compensation Clause Samples
The Voting Trustee’s Compensation clause defines the payment or remuneration that a voting trustee is entitled to receive for performing their duties. Typically, this clause outlines the method and frequency of compensation, such as a fixed fee, hourly rate, or reimbursement of expenses incurred while managing the voting rights of shares. Its core practical function is to ensure that the trustee is fairly compensated for their time and responsibilities, thereby encouraging diligent and unbiased management of voting rights on behalf of the beneficiaries.
Voting Trustee’s Compensation. The Voting Trustee shall be entitled to the compensation set forth in the letter agreement between the Purchaser (or an Affiliate thereof) and the Voting Trustee dated as of June 22, 2022, as may be amended from time to time.
