Examples of Retainer and Meeting Fees in a sentence
No such revocation or modification shall affect the deferral of receipt of Retainer and Meeting Fees previously deferred hereunder.
An effective election made pursuant to Section 4.1 may not be revoked or modified with respect to the Retainer and Meeting Fees payable for a fiscal year or portion of a fiscal year for which such election is effective.
Retainer and Meeting Fees Each non-employee director is entitled to receive an annual retainer of $25,000 paid in quarterly installments, a fee of $2,000 for each Board and Board committee meeting attended in person, and a fee of $1,000 for each telephonic Board and Board committee meeting in which the director participates.
Compensation: With respect to a Member who is a Nonemployee Director, such Member's Annual Retainer and Meeting Fees.
Such election shall only apply to Retainer and Meeting Fees earned after the date on which such election is filed.
Retainer and Meeting Fees Each director of the Corporation is paid an annual retainer of $7,500.
On or before December 31 of any Company fiscal year, a Non-Employee Director may elect to: (a) receive all or a specified portion of his or her Retainer and Meeting Fees for the following fiscal year in the form of Ordinary Shares; and (b) defer payment with respect to all or a portion of his or her Retainer and Meeting Fees for the following fiscal year in the form of Share Units which shall be payable only upon the Non-Employee Director’s Termination.
Equal to the sum of the Board Retainer, Committee Chair Retainer and Meeting Fees earned by the non-employee directors in 2007.
If the Stock Election is for a credit to a Deferred Stock Account, the number of shares of Common Stock (rounded to the nearest hundredth of a share) having a Fair Market Value equal to the amount of the Retainer and/or the Meeting Fees so elected shall be credited to the Participating Director’s Deferred Stock Account when each quarterly installment of the Retainer and Meeting Fees is customarily paid.
Adjustments to the quantum of meeting fees and annual retainers payable to Board and committee members were made effective April 1, 2019.On May 21, 2020 the Board of Directors approved a 20% reduction in the Annual Retainer and Meeting Fees payable to Board members in recognition of the potential negative financial impacts from the pandemic.These reductions became effective June 1, 2020.