Sitting Fees Sample Clauses

The Sitting Fees clause defines the payments made to individuals, such as directors or committee members, for attending meetings. Typically, this clause specifies the amount or method of calculating the fee, the types of meetings covered, and any conditions or limitations on payment, such as frequency or eligibility. Its core function is to ensure transparency and consistency in compensating participants for their time and involvement in official meetings, thereby incentivizing attendance and clarifying financial expectations.
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Sitting Fees. The Non-executive Independent Directors of the Company shall be paid sitting fees as per the applicable Regulations and no sitting fee is paid to Non-executive Non Independent Directors. The quantum of sitting fees will be determined as per the recommendation of Nomination and Remuneration Committee and approved by the Board of Directors of the Company. Further the boarding and lodging expenses shall be reimbursed to the Directors based out of Mumbai.
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Sitting Fees. The Non- Executive / Independent Director may receive remuneration by way offees for attending meetings of Board or Committee thereof. Provided that the amount of such fees shall be decided by the Board and subject tothe limit as provided in the Act.
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Sitting Fees. The Director will be paid a sitting fee of INR 100,000 for attending each meeting of the Board of Directors and its Committees thereof.
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Sitting Fees. ESTEL may pay such sitt▇▇▇ ▇ees to Directors, not exceeding the maximum permissible under the Companies Act, as may be determined by the Board. In addition to or in substitution of the sitting fee Directors may be paid commission not exceeding the maximum permissible under the Companies Act. A Director shall in addition be entitled to receive such remuneration for services performed for ESTEL not exceeding the ▇▇▇▇mum permissible under the Companies Act.
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Sitting Fees. As an Independent Director you shall be paid sitting fees for attending the meetings of the Board of which you are a member as fixed by the Board from time to time. The sitting fees presently paid to the Non-Executive Independent Director is [*] per meeting of the Board.
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Sitting Fees. The payment of sitting fees shall be governed by the policy of the Company in this regard as may be in force from time to time.
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Sitting Fees. Traditional Owners are regularly called upon to provide input into the negotiation and then the implementation of Indigenous agreements. ‘Sitting fees’ are often paid to Indigenous representatives on negotiation teams, and after an agreement is finalised, to members of coordination committees established to implement the agreement. Sitting fees are remuneration for time, cultural expertise and contribution to the process. They can, however, be a contentious and complex element of negotiating and implementing agreements both in terms of what is covered as well as the amount to be paid. Practice varies considerably across States, companies and Indigenous organisations.  Actual attendance at meetings for time and expertise  Some organisations pay on ‘good faith’, while others require proof of attendance at a meeting or at a proportion of meetings (e.g. over 60 % of meetings per year) (NSWALC 2011)  Public servants are typically not eligible for sitting fees (Hansard WA 2010).  This is determined by the particular company or Aboriginal Corporation and can be based on the financial position of the company or corporation and the qualifications and experience of the attendees. Based on available literature, there does not appear to be any consistent method of determining sitting fees across the extractive industries  Some State Government departments do not provide sitting fees, whereas other States follow public service standards (WAAAC 2010)  Some Indigenous Councils and Boards have a standard regime to determine sitting fees and attempt to alleviate issues surrounding payment of fees, for example meeting costs such as meals, accommodation and refreshments will be paid directly to the service provider by some agencies where practicable (AALC 2011)  NSW Aboriginal Land Council (NSWALC) pays up to $1000 per year for a Chairperson of a LALC and up to $750 per year for other Board members (NSWALC 2010).  Transparency: Some TOs sit across many meetings which have different rates for sitting fees. Some attendees consider lower fees patronising if they receive higher fees from another company  Some meetings do not offer sitting fees, which can cause disquiet among the attendees. Unrest may be related to a lack of awareness of nature and context of the meeting and proposed outcomes (for example, whether the meeting is for a charitable Trust). Some TOs will only attend where there are sitting fees.  Some Industry groups provide considerable fees to all attende...
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Related to Sitting Fees

  • Invoicing for Charges Against the Judicial Council’s Master Account A. The Contractor shall establish a Master Account for the Judicial Council’s charges provided for under the exhibits of this Agreement. B. Charges to the Master Account shall be settled with Citibank CMC, as defined herein. C. The Contractor's final invoice for the Master Account shall include the Judicial Council Contract Number set forth on the face of this Agreement and shall be itemized to show the applicable and allowable charges by date and event/category/activity and number served, as appropriate. D. For performing the Work of this Agreement, the Contractor shall ▇▇▇▇ the Judicial Council for the total actual charges against the Master Account, based upon the prices stated herein and itemized to provide the following details, if applicable: i. Sleeping room charges as set forth in Exhibit C; ii. Meeting room rental charges as set forth in Exhibit D; iii. Food and beverage charges as set forth in Exhibit E; and/or iv. Charges for miscellaneous requirements as set forth in Exhibit F. E. If the Contract is terminated in whole or in part, pursuant to either the termination for cause provision or the Judicial Council’s obligation subject to availability of funds provision, as set forth in Exhibit A, the Contactor shall ▇▇▇▇ the Judicial Council for only those applicable and allowable charges accrued up to the effective date of termination, itemized as set forth above in this provision. F. If the Contract is terminated pursuant to the Termination Fee charge provision, as set forth in Exhibit B, the Contractor shall ▇▇▇▇ the Judicial Council for the allowable and applicable Termination Fee, as set forth in Table 2, below, and shall offset the Termination Fee by rental charges for the meeting and function rooms that the Contractor received from Third Parties during the Program

  • The City The address of the City is ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: City Manager; telephone ▇▇▇-▇▇▇-▇▇▇▇; with copies to ▇▇▇▇▇ ▇▇▇▇▇, City Attorney, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1000, Irvine, CA 92164, Telephone: (▇▇▇) ▇▇▇-▇▇▇▇. (a) The City is a public body, corporate and politic, exercising governmental functions and powers and organized and existing under the laws of the State of California; (b) The City has taken all actions required by law to approve the execution of this Covenant Agreement; (c) The City’s entry into this Covenant Agreement and/or the performance of the City’s obligations under this Covenant Agreement does not violate any contract, agreement or other legal obligation of the City; (d) The City’s entry into this Covenant Agreement and/or the performance of the City’s obligations under this Covenant Agreement does not constitute a violation of any state or federal statute or judicial decision to which the City is subject; (e) There are no pending lawsuits or other actions or proceedings which would prevent or impair the timely performance of the City’s obligations under this Covenant Agreement; (f) The City has the legal right, power and authority to enter into this Covenant Agreement and to consummate the transactions contemplated hereby, and the execution, delivery and performance of this Covenant Agreement has been duly authorized and no other action by the City is requisite to the valid and binding execution, delivery and performance of this Covenant Agreement, except as otherwise expressly set forth herein; and (g) The individual executing this Covenant Agreement is authorized to execute this Covenant Agreement on behalf of the City. The representations and warranties set forth above are material consideration to Owner and the City acknowledges that Owner is relying upon the representations set forth above in undertaking Owner’s obligations set forth in this Covenant Agreement. As used in this Covenant Agreement, the term “City’s actual current knowledge” shall mean, and shall be limited to, the actual current knowledge of the City Manager as of the Effective Date, without having undertaken any independent inquiry or investigation for the purpose of making such representation or warranty and without any duty of inquiry or investigation. All of the terms, covenants and conditions of this Covenant Agreement shall be binding on and shall inure to the benefit of the City and its nominees, successors and assigns. Wherever the term “City” is used herein, such term shall include any permitted nominee, assignee or successor of the City.

  • Exclusive Jurisdiction; Venue All disputes that arise from or relate to this Agreement shall be decided exclusively by binding arbitration in ▇▇▇▇ County, Illinois under the Commercial Arbitration Rules of the American Arbitration Association. The parties agree that the arbitrator’s award shall be final, and may be filed with and enforced as a final judgment by any court of competent jurisdiction. Notwithstanding the foregoing, any disputes related to the enforcement of the restrictive covenants contained in Section 9 of this Agreement shall be subject to and determined under Delaware law and adjudicated in Illinois courts.

  • Payment of All Fees The Company shall have paid the required Commission filing fees relating to the Shares within the time period required by Rule 456(b)(1)(i) of the Act without regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r) of the Act and, if applicable, shall have updated the “Calculation of Registration Fee” table in accordance with Rule 456(b)(1)(ii) either in a post-effective amendment to the Registration Statement or on the cover page of a prospectus filed pursuant to Rule 424(b).

  • Payment of Legal Fees All reasonable legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be paid or reimbursed by the Holding Company, if Executive is successful pursuant to a legal judgment, arbitration or settlement.