Base Retainer definition

Base Retainer means the retainer (excluding meeting fees and expenses) payable by the Company to an Independent Director pursuant to Section 5.1 hereof for service as a director of the Company, as such amount may be changed from time to time.

Base Retainer means the Retainer (excluding meeting fees and expenses) payable by the Company to a Non-Employee Director pursuant to Section 5.1 hereof for service as a director of the Company (i.e., excluding any Supplemental Retainer), as such amount may be changed from time to time.

Base Retainer means the annual amount of retainer paid by the Company to a Director for any calendar year including meeting fees, committee fees and fees for committee chairs.

Examples of Base Retainer in a sentence

• Each Eligible Participant shall be paid a Base Retainer for service as a director during each Plan Year.

• A pro-rata Base Retainer will be paid to any Eligible Participant who joins the Board on a date other than the beginning of a calendar quarter, based on the number of days between the date such Non-Employee Director joined the Board and the end of the applicable calendar quarter.

• The amount of the Base Retainer shall be established from time to time by the Board.

• For example, an Eligible Participant joining the Board on August 1 would be entitled to 60/91 times the normal Base Retainer for such partial quarter of service, payable as soon as practical following September 30th.

• The number of Shares to be granted to an Eligible Participant as Base Retainer for a calendar quarter shall be determined by dividing $15,000 by the Fair Market Value of one share of Common Stock as of last business day of the calendar quarter to which the Base Retainer relates, and rounding up to the nearest whole Share.

More Definitions of Base Retainer

Base Retainer means the basic annual retainer for non-employee Directors in effect as of an Eligible Director's last date of service on the Milacron Inc. Board of Directors. As used herein, Base Retainer shall not include any additional annual retainer available as a result of a Director acting as chairman of any committee nor shall it include any fees available as a result of attendance at Board of Directors' or its committees' meetings, or other payments made for other services a Director may render.

Base Retainer means the means that portion of a Participant’s compensation that is fixed and paid without regard to his/her attendance at meetings, as such amount is established for or during the Deferral Year, subject to Section 4(c), exclusive of fees paid to chairs of committees or the Board.

Base Retainer means the regular active service annual retainer in effect during the calendar year immediately preceding the year in which a Director retires from the Board of Directors, but in no event more than $40,000.

Base Retainer means $24,000.

Base Retainer means the regular active service annual retainer in effect during the calendar year immediately preceding the year in which a Director retires from the Board of Directors.

Base Retainer means the basic annual retainer for non-

Base Retainer means the amount of annual retainer payable to non-employee Directors for service on the Board. The Base Retainer shall not include any Board meeting fees or other payments for membership or attendance, chairmanship of Board Committees or otherwise.