Director Retirement Plan definition

Director Retirement Plan means the Ashland Inc. Director Retirement Plan in effect from time to time.
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Director Retirement Plan means the deferred compensation plan covering non-employee Directors of the Company. Annual Director Retirement Plan Amounts shall be credited to the Director Retirement Plan Accounts of Directors of the Company in accordance with Section 3.7. Company Directors may direct investment of their Director Retirement Plan Accounts in one or
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Director Retirement Plan means the non-elective deferred compensation plan covering non-employee Directors of the Company. Annual Director Retirement Plan Amounts shall be credited to the Director Retirement Plan Accounts of Directors of the Company in accordance with Section 3.7. Company Directors may direct investment of their Director Retirement Plan Accounts in one or more Measurement Funds in accordance with the rules prescribed by the Committee under Section 3.10. The Director Retirement Plan Accounts shall be paid in the manner described in Article 10.
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Examples of Director Retirement Plan in a sentence

  • O’Brien and Yoh are not eligible to participate in the Outside Director Retirement Plan because it was frozen before they satisfied the eligibility requirements.

  • Bennett, Grassi, McCabe, and Russo have maximized their annual retirement benefit under the Outside Director Retirement Plan based on their years of service.

  • The value of Directors Shares and Directors Options shall not be included in the calculation by the Company of the amount of compensation upon which a Nonemployee Director's retirement benefit is calculated for purposes of the Company's Director Retirement Plan or any similar plan.

  • We describe the Director Retirement Plan under the caption “Compensation of the Board.” The Bank maintains the Mid Penn Bank Retirement Plan (hereafter, the “Retirement Plan”), which is a defined contribution plan and covers all eligible Bank employees, including the named executive officers.

  • Mr. Ritrievi, however, participates in the Director Retirement Plan in connection with his service on our Board.

  • Amounts reflect the present value of the amount accrued to the directors in 2019 for the Mid Penn Bank Director Retirement Plan.

  • Amounts in this column represent the actuarial increase in the present value of the director benefits under the Group's Director Retirement Plan.

  • Non-Employee Director Retirement Plan, all of which are payable in cash, as well as, for Mrs.

  • Effective December 31, 2002, this plan was amended to preclude new participants.Non-Employee Director Retirement Plan.

  • Includes annual retainer payments for board and committee service earned during the fiscal year, including additional annual retainers for the board and committee chairs, whether such fees were paid currently or deferred under the Director Retirement Plan.


More Definitions of Director Retirement Plan

Director Retirement Plan means the deferred compensation plan covering non-employee Directors of the Company, to which Annual Director Retirement Plan Amounts are credited for performance periods beginning prior to September 1, 2024, as described in Section 3.7. The Director Retirement Plan Accounts shall be paid in the manner described in Article 10. For avoidance of doubt, a Director’s voluntary deferrals of Director Compensation are not part of the Director Retirement Plan.
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Related to Director Retirement Plan

  • Non-Employee Director means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3.