Directors’ Remuneration Sample Clauses
POPULAR SAMPLE Copied 69 times
Directors’ Remuneration. Each Director receives a fixed annual fee for serving in such capacity. The fee will be in accordance with reasonable and customary directors’ fees. Directors’ fees are not paid out of the Fund but are paid for out of the fees levied by the Manager and the Company.
Directors’ Remuneration. The remuneration of the Directors shall from time to time be determined by the Company in general meeting. Such remuneration shall be deemed to accrue from day to day. The Directors may also be paid all travelling, hotel and other expenses properly incurred by them in attending and returning from meetings of the Directors or any committee of the Directors or general meetings of the Company or in connection with the business of the Company.
Directors’ Remuneration. 24.1 Directors are entitled to such remuneration as the directors determine:
(a) for their services to the company as directors; and
(b) for any other service which they undertake for the company.
24.2 Subject to the articles, a director’s remuneration may:
(a) take any form; and
(b) include any arrangements in connection with the payment of a pension, allowance or gratuity, or any death, sickness or disability benefits, to or in respect of that director.
24.3 Unless the directors decide otherwise, directors’ remuneration accrues from day to day.
24.4 Unless the directors decide otherwise, directors are not accountable to the company for any remuneration which they receive as directors or other officers or employees of the company’s subsidiaries or of any other body corporate in which the company is interested.
Directors’ Remuneration. 1. Directors' fees and other remuneration derived by a resident of the Netherlands in his capacity as a member of the board of directors of a company which is a resident of the Philippines may be taxed in the Philippines.
2. Directors' fees and other remuneration derived by a resident of the Philippines in his capacity as a ‘bestuurder’ or a ‘commissaris’ of a company which is a resident of the Netherlands may be taxed in the Netherlands.
3. Where the remuneration mentioned above is derived by persons, who exercise activities in real and regular functions in a permanent establishment situated in the other State than the State of which the company is a resident, and is borne as such by that permanent establishment, then, notwithstanding the provisions of paragraphs 1 and 2, such remuneration may be taxed in the State in which the permanent establishment is situated.
Directors’ Remuneration. The members of the Board of Directors shall be entitled to minimum remuneration permitted by law until the date of the merger. After the ninth month or the date of the merger, whichever occurs first, remuneration shall be compatible with that practiced on the market of the Company for hiring professionals with expertise necessary for the exercise of the function of a Director.
Directors’ Remuneration. 33.1 The remuneration to be paid to the Directors, if any, shall be determined by the Company in general meeting or, in the absence of such a determination, by the Directors.
33.2 Each Director shall also be entitled to be paid his reasonable travelling, hotel and other expenses properly incurred by him in connection with his attendance at meetings of the Directors, committees of the Directors or general meetings of the Company, or otherwise in connection with the business of the Company, or to receive a fixed allowance in respect thereof as may be determined by the Directors, or a combination partly of one such method and partly the other.
Directors’ Remuneration. The Company shall not pay any fees to ----------------------- its directors other than its independent directors.
Directors’ Remuneration. Directors’ remuneration has been computed in accordance with the Commercial Companies Law and as per the requirements of Capital Market Authority. Dividends on ordinary shares are recognised as a liability and deducted from equity when they are approved by the Company’s shareholders. The Company presents earnings per share (EPS) and net assets per share for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period. Net assets per share is calculated by dividing the net assets attributable to ordinary shareholders of the Company by the number of ordinary shares outstanding during the period. Net assets for the purpose is defined as net equity.
Directors’ Remuneration. November 1, 1997 to October 31, 1998 November 1, 1998 to October 31, 1999
Directors’ Remuneration. 33.1 The remuneration to be paid to the Directors, if any, shall be determined by the Company in general meeting or, in the absence of such a determination, by the Directors.
33.2 Each Director shall also be entitled to be paid his reasonable travelling, hotel and other expenses properly incurred by him in connection with his attendance at meetings of the Directors, committees of the Directors or general meetings of the Company, or otherwise in connection with the business of the Company, or to receive a fixed allowance in respect thereof as may be determined by the Directors, or a combination partly of one such method and partly the other.
33.3 The Directors may by resolution approve additional remuneration to any Director for services which in the opinion of the Directors go beyond the ordinary duties of a Director, and such extra remuneration shall be in addition to any remuneration provided for, by or pursuant to any other Article.