Common use of Compensation; Indemnification Clause in Contracts

Compensation; Indemnification. Each ▇▇▇▇▇▇▇ Director shall be entitled to the same reimbursement, advancement, exculpation and indemnification in connection with his or her role as a director as the other members of the Board, as well as reimbursement for documented, reasonable, out-of-pocket expenses incurred in attending meetings of the Board or any committee of the Board of which such ▇▇▇▇▇▇▇ Director is a member, if any, in each case to the same extent as the other members of the Board. Each ▇▇▇▇▇▇▇ Director who is not an employee of the Company shall be also entitled to any retainer, equity compensation or other fees or compensation paid to the non-employee directors of the Company for their services as a director, including any service on any committee of the Board.

Appears in 7 contracts

Sources: Stockholders’ Agreement (Brigham Ben M), Stockholders’ Agreement (Brigham Ben M), Stockholders’ Agreement (Atlas Energy Solutions Inc.)

Compensation; Indemnification. Each B▇▇▇▇▇▇ Director shall be entitled to the same reimbursement, advancement, exculpation and indemnification in connection with his or her role as a director as the other members of the Board, as well as reimbursement for documented, reasonable, out-of-pocket expenses incurred in attending meetings of the Board or any committee of the Board of which such B▇▇▇▇▇▇ Director is a member, if any, in each case to the same extent as the other members of the Board. Each B▇▇▇▇▇▇ Director who is not an employee of the Company shall be also entitled to any retainer, equity compensation or other fees or compensation paid to the non-employee directors of the Company for their services as a director, including any service on any committee of the Board.

Appears in 1 contract

Sources: Stockholders’ Agreement (Atlas Energy Solutions Inc.)