Director Limit definition

Director Limit means the limits applicable to Awards granted to Non-Employee Directors under the Plan, as set forth in Section 3.4 hereof.

Director Limit shall have the meaning set forth in Section 4.6.

Examples of Director Limit in a sentence

• Mr.Amnuay YossuckIndependent Director667,920667,920-10Mr.Ampon YuayfupantIndependent Director71,87471,874-11Dr.Phusit WonglorsaichonIndependent Director--- Limit of duty authority of Board of Company and Board of Executive Directors(Management Division) Authority of Board of CompanyAuthority of Board of Executive Directors1.

• The Board will obtain shareholder approval of any Plan amendment to the extent necessary to comply with Applicable Laws, an amendment to Section 10.12, or any amendment to increase the Non-Employee Director Limit or the Individual Award Limits.

• Retired Independent Director Limit of LiabilityNotwithstanding anything to the contrary in this Section III.A, the Insurer’s maximum aggregate additional liability for all Loss covered under the Retired Independent Directors Liability Insuring Agreement in the Directors & Officers Liability Coverage Section (if purchased) shall be the Limit of Liability for such coverage as set forth in Item 9 of the Declarations.

• The Gold Members shall elect the same number of Gold Director Selectors as the Director Limit.

• The number of Platinum Members shall be defined as the Director Limit.

• SUPPLEMENTAL INDEPENDENT DIRECTOR LIABILITY COVERAGE for all Loss for all Claims first made during the same Policy Period is the Supplemental Independent Director Limit of Liability set forth in ITEM 5 of the Declarations.

• The Director Limit shall change based on the number of Platinum Members.

• Debit card account – Library Director: Limit not to exceed $2,500.

• If the Director Limit is reduced due to a reduction in the number of Platinum Members, the number of Gold Directors shall be reduced at the next annual meeting to the Director Limit effective on January 1 of such calendar year.

• The Amended Plan limits the aggregate value of cash or other compensation and equity-based awards for any non-employee director for such director’s service as a non-employee director during any fiscal year to $750,000 if the stockholders approve the Director Limit.