Additional Retainer definition

Additional Retainer means any additional retainer to which a Director is entitled under this Plan for service in a specified position, as set forth in Section 6(a).
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Additional Retainer means any additional annual retainer fees payable to a Non-Employee Director for service in certain positions on the Board, as set forth on Exhibit A hereto.
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Examples of Additional Retainer in a sentence

  • Except as provided in Section 3, each Annual Retainer and Additional Retainer (in either case, a “Cash Retainer”) under this Policy will be paid quarterly in arrears on a prorated basis to each Outside Director who has served in the relevant capacity at any time during the immediately preceding fiscal quarter of the Company (“Fiscal Quarter”), and such payment will be made no later than thirty (30) days following the end of such immediately preceding Fiscal Quarter.

  • A request from the Lead Agent to the Company for an Additional Retainer will be made in writing.

  • Notwithstanding the foregoing, neither the Company nor any other person will be liable to the Director by reason of any acceleration of income, or any additional tax (including any interest and penalties), asserted with respect to the Additional Retainer by reason of the failure of the Additional Retainer to satisfy the applicable requirements of Section 409A of the Code in form or in operation.

  • The Additional Retainer is due and payable at the rate of one-half on the 15th and one-half on the last day of each month for which the Advisor provides the Full-Time Services.

  • The Issuer will pay the Additional Retainer within 10 days of receipt of the written request of the Additional Retainer from the Agent.

  • At such time as the Board of Directors engages a full-time President and Chief Executive Officer, the Additional Retainer shall no longer be payable and Advisor’s compensation shall return to the Monthly Retainer specified above.

  • The Monthly Retainer Fee will be reduced by $50,000 while the Additional Retainer Fee is in effect.

  • Notwithstanding anything herein to the contrary, if the Director’s service as a member of the Board terminates for any reason prior to a Vesting Date, the Director shall immediately forfeit his or her right to the Additional Retainer and no Additional Retainer shall be paid to the Director.

  • The Additional Retainer Fee is $115,516 per month and will be paid on the [***] day of each month, or the first business day thereafter if the [***] falls on a weekend or bank holiday, except the payment due on May [***], 2019 shall be paid within [***] days of the first date set forth above.

  • Notwithstanding Sections 1.1 and 9.1(b), the Additional Retainer Fee will be excluded from the Section 9.1(b) calculation of the Offset of the Retainer Fee and the Additional Retainer Fee and Monthly Retainer Fee shall not be included as Actual Deductible Costs.