Independent Director Fee Claims definition

Independent Director Fee Claims means, as of the Effective Date, all reasonable and documented unpaid fees and expenses due to the independent directors of the Debtors pursuant to their respective director agreements with the applicable Debtor Entity.
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Independent Director Fee Claims means all unpaid fees and expenses as of the Effective Date due to the Independent Directors pursuant to their respective director agreements with the Debtors.
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Examples of Independent Director Fee Claims in a sentence

  • On the Effective Date and following the funding of the Priority Claim Reserve and payment in full in Cash of the TSA Shortfall Claim, the Independent Director Fee Claims shall be paid in full in Cash.

  • Except as otherwise provided in this Article II.A and except with respect to the TSA Shortfall Claim and the Independent Director Fee Claims, Administrative Claims that are Professional Fee Claims or subject to 11 U.S.C.§ 503(b)(1)(D), requests for payment of Allowed Administrative Claims must be Filed and served on the Plan Administrator and/or Post-Effective Date Debtors no later than the applicable Administrative Claims Bar Date.

  • Article II.A of the Plan provides that, other than with respect to the TSA Shortfall Claim, the Independent Director Fee Claims, and Professional Fee Claims, Administrative Claims shall be paid in full in Cash from the Priority Claims Reserve on the later of: (i) the Effective Date, if such Claim has been allowed as of the Effective Date; (ii) on or as soon as reasonably practicable after such claim is Allowed; and (iii) the date such claim becomes due and payable.

  • Additionally, Article II of the Plan specifies that Allowed Administrative Claims, Priority Tax Claims, Professional Fee Claims, fees due and payable pursuant to section 1930 of Title 28 of the United States Code before the Effective Date, the TSA Shortfall Claim, and Independent Director Fee Claims will be paid in full in accordance with the terms of the Plan, although these Claims are not separately classified under the Plan.

Related to Independent Director Fee Claims

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager or any Person directly or indirectly controlling or controlled by the Manager, and who are otherwise “independent” in accordance with the NYSE’s corporate governance listing standards (or the rules of any other national securities exchange on which the Common Stock is listed).

  • 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;

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

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

  • Inside Director means a Director who is an Employee.

  • 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.

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