Compensation of Directors; Expenses. The Board shall have the authority to fix the compensation of Directors. The Directors may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Compensation of Directors; Expenses. The Directors shall not receive any compensation. However, the Directors shall be reimbursed for their reasonable out-of-pocket expenses, if any, of attendance at meetings of the Board. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation for those services.
Compensation of Directors; Expenses. The Board shall have the authority to fix the compensation of Directors, which compensation shall in no manner be tied to, reflect, and/or be related to the financial performance of any Sempra Group member (other than the Company), or any Person holding a direct or indirect ownership interest in the Company or the Majority Member, or the performance of the stock or business of any Sempra Group member or any Person holding a direct or indirect ownership interest in the Company or the Majority Member. The Directors may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed additional compensation for attending committee meetings. Chairpersons of standing or special committees may receive compensation, in their capacities as such chairpersons, in addition to any compensation received as a member of any such committee. The Board Observer shall be entitled to reimbursement for expenses, if any, of attendance of meetings of the Board to the same extent as if he or she were a Director, but shall not be entitled to any other compensation from the Company.
Compensation of Directors; Expenses. The Board shall have the authority to fix the compensation of Directors. The Directors may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. Second Amended and Restated Limited Liability Company Agreement Huntington Funding, LLC
Compensation of Directors; Expenses. The Board shall have the authority to fix the compensation of Directors. The Directors may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed additional compensation for attending committee meetings. Chairpersons of standing or special committees may receive compensation, in their capacities as such chairpersons, in addition to any compensation received as a member of any such committee. The Board Observer shall be entitled to reimbursement for expenses, if any, of attendance of meetings of the Board to the same extent as if he or she were a Director, but shall not be entitled to any other compensation from the Company.
Compensation of Directors; Expenses. Section 4.08. Removal of Directors. Section 4.09. Directors as Agents. Section 4.10. Limitations on the Company’s Activities. 11 Section 4.11. Independent Director. Section 4.12. Officers. ARTICLE FIVE CONTRIBUTIONS; PROFITS AND LOSSES; DISTRIBUTIONS Section 5.01. Capital Contributions.
Compensation of Directors; Expenses. Subject to the prior written consent of Stockholders holding not less than a majority of the Fully Diluted Party Common Stock, the Board of Directors shall have the authority (as an expense of the Corporation) to fix the compensation of Directors (other than the CEO Director or any Director that is an employee of the Corporation or any of its Subsidiaries, who shall not receive additional compensation for serving as a Director). No such payment shall preclude any Director from serving the Corporation in any other capacity and receiving compensation therefor. The Corporation shall pay all reasonable out-of-pocket expenses incurred by each Director in connection with attending regular and special meetings of the Board of Directors and any Board Committee on which the Director is a member, and any such meetings of the board of directors or equivalent body of any Subsidiary of the Corporation and any committee thereof, in each case, on which the Director is a member.
Compensation of Directors; Expenses. The compensation committee of the Board shall have the authority to fix the compensation of the directors for their services; provided, however, that (a) the compensation of the Initial Directors shall be determined in the first instance by the Nominating Members holding at least a majority of the Common Units held by all Nominating Members collectively and (b) a Representative Director that is employed by its applicable Nominating Member shall not be entitled to any compensation for his or her service as a director. Each director of the Board and Board Observer shall be entitled to reimbursement from the Company for his or her reasonable and documented out-of-pocket expenses (including travel) incurred in attending any meeting of the Board or any committee thereof, pursuant to the Company’s applicable policies. A director may also serve the Company in other capacities and receive compensation therefor.
