Director Retainer Fees definition

Director Retainer Fees means the annual cash retainer fees earned by a Participant in his or her capacity as a Non-Employee Director.
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Director Retainer Fees means the Director Annual Cash Retainer Fee and Director Annual Stock Retainer Fee.
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Examples of Director Retainer Fees in a sentence

  • The Board may, in its discretion, offer Directors a choice among various investment alternatives in which Directors may elect to invest their deferred Director Retainer Fees pursuant to such rules and procedures as the Board shall determine in its discretion.

  • However, if the Participant’s equity deferral for the Plan Year was limited due to the maximum annual individual share limit set forth in the Stock Plan, if any, any Director Retainer Fees in excess of such cap automatically shall be deferred into the Cash Sub-Account.

  • In any such case, all earned but previously unpaid Director Retainer Fees will be paid in cash to the Director on the appropriate Purchase Dates regardless of any prior election by the Director to receive such Director Retainer Fees in the form of shares of Common Stock, provided the Director is then entitled to receive the payment of Director Retainer Fees.

  • The maximum amount of Director Retainer Fees that may be withheld on any Purchase Date by an individual Director is sixty-five percent (65%) of his or her Director Retainer Fee to be paid to such Director on such Purchase Date.

  • The number of shares of Common Stock delivered in lieu of any cash payment of Director Retainer Fees on any Purchase Date shall be determined by dividing the amount of Director Retainer Fees to be withheld on such Purchase Date (per the Notice of Election) by the Fair Market Value of the Common Stock on the relevant Purchase Date, and then rounding down to the nearest whole share.

  • An amount shall be credited to each participating Director’s Cash Account as of each date on which Director Retainer Fees deferred under the Plan would otherwise have been paid to such Director.

  • In the event of the Director’s death, all of his or her unpaid deferred Director Retainer Fees, if any, shall be paid in a single lump sum cash payment as soon as practicable following the Director’s death to his or her beneficiary or beneficiaries or to the Director’s estate if no such beneficiary exists.

  • A Director or any beneficiary shall have only the interest of an unsecured general creditor of the Company in respect of the Director Retainer Fees credited to such Director’s Cash Account under the Plan and the Deferred Stock Units credited to such Director’s Stock Account under the Plan.

  • Each individual who first becomes a Director or the chair of a committee of the Board on or after the date this Plan becomes effective may elect to become a participant in the Plan by electing, within 30 days of the effective date of his or her appointment or election to the Board or as a chair of any committee of the Board, to make deferrals under the Plan with respect to the Director Retainer Fees in connection with such appointment or election.(iii)Effect of Election.

  • For each Director who has elected to participate in the Plan, the Company shall establish a separate deferred compensation account on its books for the Director Retainer Fees deferred by such Director (each, a “Cash Account”) and/or for the RSU Awards deferred by such Director (each, a “Stock Account”), as applicable.

Related to Director Retainer Fees

  • Retainer Fee means Fees prepaid by Client for Services. If Client has paid a Retainer Fee, IHS will deduct from that Retainer Fee any Fees owed for any Fixed, Time-Based, or Unit-Based Services.

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • Retainer means the annual cash retainer and the additional cash retainer for committee chairs payable to a Director as established from time to time by the Board of Directors; provided, however, that the term “Retainer” shall not include that portion of the annual cash retainer as to which a right exists to make an election under, or for which a prior election is in effect under, the Terms and Conditions Regarding the Grant of Options in Lieu of Cash Directors Fees to Non-Employee Directors Under 2011 Equity Incentive Plan of Manpower Inc. (the “Option Terms”) or the Procedures Governing the Grant of Options to Non-Employee Directors Under the 1994 Executive Stock Option and Restricted Stock Plan of Manpower Inc. (the “Option Procedures”).

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;

  • Annual Fees means the annual fees charged by the Trustee for services provided as the trustee and paying agent under the Indenture.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Nonemployee Director means a Director who is not an Employee.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Meeting Fees means fees for attending a meeting of the Board or one of its Committees as set forth in Section 5.3 hereof.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Director Option means an Option granted pursuant to Section 6.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Basic Compensation means Salary and Benefits.