Common use of COMPENSATION Clause in Contracts

COMPENSATION. The members of the Supervisory Board shall receive a fixed compensation of EUR 65,000 (in words: Euro sixty-five thousand). Notwithstanding sentence 1, the chairman of the Supervisory Board shall receive a fixed compensation of EUR 150,000 (in words: Euro one hun- dred fifty thousand) and the deputy chairman of the Supervisory Board shall receive a fixed compensation of EUR 90,000 (in words: Euro ninety thousand). Supervisory Board members acting as members of the Audit Committee shall receive an additional fixed compensation of EUR 15,000 (in words: Euro fifteen thousand). Notwithstanding sentence 3, the chairman of the Audit Committee shall receive an additional compensation of EUR 35,000 (in words: Euro thirtyfive thousand).

Appears in 2 contracts

Samples: Articles of Association, Articles of Association

COMPENSATION. The members of the Supervisory Board shall receive a fixed compensation of EUR 65,000 (in words: Euro sixty-five thousand). Notwithstanding sentence 1, the chairman of the Supervisory Board shall receive a fixed compensation of EUR 150,000 (in words: Euro one hun- dred hundred fifty thousand) and the deputy chairman of the Supervisory Board shall receive a fixed compensation of EUR 90,000 (in words: Euro ninety thousand). Supervisory Board members acting as members of the Audit Committee shall receive an additional fixed compensation of EUR 15,000 (in words: Euro fifteen thousand). Notwithstanding sentence 3, the chairman of the Audit Committee shall receive an additional compensation of EUR 35,000 (in words: Euro thirtyfive thousand).

Appears in 2 contracts

Samples: Articles of Association, Articles of Association