Non-Management Director definition

Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

Non-Management Director means a director who, in the applicable calendar year, was not compensated, directly or indirectly, by the Company, any Subsidiary or any of their Affiliates, other than compensation for service as a director or as a member of any committee of the Board.

Non-Management Director means a member of the Board who is not an employee of the Company or any Affiliate.

Examples of Non-Management Director in a sentence

• At any meeting of the Board, the presence of at least a majority of the authorized number of directors, at least one of whom shall be a Non-Management Director, shall constitute a quorum for the transaction of business.

• The Committee may grant SARs to any Employee, Consultant or Non-Management Director, upon such terms and conditions as the Committee deems appropriate under this Section 8.

• No Non-Management Director, having received an Award, shall have the right to receive a future Award or (if receiving such a future Award) the right to receive such a future Award on terms and conditions identical or in proportion in any way to any prior Award.

• To the extent permitted by the Committee from time to time, each member of the Board who is a Non-Management Director may make an election (“Deferral Election”) to be paid any or all of the following (“Deferrable Amounts”) in the form of Restricted Stock Units in lieu of cash or Shares, as applicable: (a) Director Annual Grants as provided in Section 14.1; or (b) Director Fees as provided in 14.2(a).

• Nothing in this Plan shall entitle any Employee, Consultant, Non-Management Director or other person to any claim or right to receive a Grant under this Plan.

More Definitions of Non-Management Director

Non-Management Director means a member of the Board of Directors who is not an employee of the Company or any of its subsidiaries.

Non-Management Director means a Director who is not an Employee.

Non-Management Director means a member of the Board, or a member of the board of directors of a Subsidiary, who is not a member of management of the Company.

Non-Management Director means a director of the Corporation who is not an officer or employee of the Corporation or a Baytex Affiliate;

Non-Management Director means a member of the Board who is not an officer or an employee of the Company, or a subsidiary or affiliate of the Company.

Non-Management Director means a member of the Board of Directors who is not an employee of the Company or an Affiliate.

Non-Management Director means a member of the Board who is not an employee of the Mondelēz Group.