AbbVie Directors definition

AbbVie Directors means the directors of AbbVie from time to time, and “AbbVie Director” shall be construed accordingly;

AbbVie Directors means the members of the AbbVie Board.

AbbVie Directors. Fee Plan” means the AbbVie Non-Employee Directors’ Fee Plan.

Examples of AbbVie Directors in a sentence

• Pursuant to the AbbVie Directors' Fee Plan, non-employee directors will earn $10,500 for each month of service as a director and $1,000 for each month of service as a chairman of a board committee, other than for service as chairman of the audit committee or as chairman of the executive committee.

• Director Compensation Following the Separation It is expected that, prior to the completion of the separation, AbbVie will adopt the AbbVie Non-Employee Directors' Fee Plan (the AbbVie Directors' Fee Plan), which will contain terms substantially similar to those that apply currently to non-employee directors of Abbott.

• Fees earned under the AbbVie Directors' Fee Plan will be paid in cash to the director, paid in the form of vested nonqualified stock options (based on an independent appraisal of their fair value), deferred (as a non-funded obligation of AbbVie), or paid currently into an individual grantor trust established by the director.

More Definitions of AbbVie Directors

AbbVie Directors means the directors of AbbVie from time to time, and “AbbVie Director” shall be construed accordingly; “AbbVie Group” means AbbVie and its subsidiary undertakings and associated undertakings from time to time, and “member of the AbbVie Group” shall be construed accordingly; “AbbVie Letter” means a letter, in the form set out in Schedule 3, addressed to the Panel and signed on behalf of AbbVie; “AbbVie Letter Condition” has the meaning given in Clause 1.1(A); “AbbVie Non-disclosure Agreement” means the non-disclosure agreement dated 15 July 2014 between AbbVie and Shire in connection with the Proposed Merger; “AbbVie’s Solicitors” means Xxxxxxx Xxxxx Freehills LLP of Xxxxxxxx Xxxxx, Xxxxxxxx Xxxxxx, Xxxxxx XX0X 0XX; “Agents” means directors, officers, employees and professional advisers; “Break Fee” means US$1,635,410,676; “Business Day” means a day (not being a Saturday) on which banks are open for general banking business in Jersey and the City of London; “Co-operation Agreement” has the meaning given in Recital (A); “Delaware Merger Agreement” means the agreement and plan of merger between AbbVie, AbbVie Private Limited and AbbVie Ventures LLC dated 18 July 2014; “Irrevocable Undertakings” means the irrevocable undertakings dated 17 or 18 July 2014 given by each of the Shire Directors who hold shares in Shire; “Panel” means the Panel on Takeovers and Mergers; “Panel Confirmation Condition” has the meaning given in Clause 1.1(C); “Proposed Merger” means the proposed combination of the AbbVie Group and the Shire Group, which was to proceed by way of a scheme of arrangement under Article 25 of the Companies (Jersey) Law 1991 and a merger pursuant to the Delaware General Corporation Law and the Delaware Limited Liability Act, as more particularly described in the joint press announcement issued by the Parties on 18 July 2014; “Shire Account” means the bank account corresponding to the following details: Bank: Citibank N.A. London Bank Address: Citigroup Xxxxxx, Xxxxxx Xxxxx, Xxxxxx X00 0XX 9 Account Name: Shire plc Account Number: 00000000 Swift Code: XXXXXX0X IBAN: XX00XXXX00000000000000 Correspondent Bank: Citibank N.A., New York Correspondent Swift: XXXXXX00 – with separate cover message (MT202COV); “Shire Directors” means the directors of Shire from time to time, and “Shire Director” shall be construed accordingly; “Shire Group” means Shire and its subsidiary undertakings and associated undertakings from time to time, and “member of the Shire Group” shal...