Common use of Compensation of Directors Clause in Contracts

Compensation of Directors. Directors, as such, may receive such stated salary for their services and/or such fixed sums and expenses of attendance for attendance at each regular or special meeting of the Board of Directors as may be established by resolution of the Board; provided that nothing herein contained shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 2 contracts

Samples: Master Transaction Agreement (Infonautics Inc), Master Transaction Agreement (Infonautics Inc)

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Compensation of Directors. Directors, as such, may shall not receive such any stated salary for their services and/or such services, but, by resolution of the Board of Directors, a fixed sums sum and expenses of attendance attendance, if any, may be allowed for attendance at each regular or special meeting of the Board of Directors as may be established by resolution of the BoardDirectors; provided that nothing herein contained shall be construed to preclude any director directors from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may the Executive Committee may, by resolution of the Board of Directors, be allowed like compensation for attending committee Executive Committee meetings.

Appears in 2 contracts

Samples: 9 Transaction Agreement (Kinetic Concepts Inc /Tx/), 9 Transaction Agreement (Blum Richard C & Associates L P)

Compensation of Directors. Directors, as such, may shall not receive such any stated salary for their services and/or such but, by resolution of the board, a fixed sums sum and expenses of attendance attendance, if any, may be allowed for attendance at each regular or special meeting of the Board of Directors as may be established by resolution of the Boardboard; provided that nothing herein contained this provision shall not be construed to preclude as precluding any director from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetingstherefore.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (RhythmOne PLC), Agreement and Plan of Merger and Reorganization (YuMe Inc)

Compensation of Directors. Directors, as such, may shall not receive such any stated salary for their services and/or such services, but by resolution of the Board of Directors a fixed sums sum and expenses expense of attendance attendance, if any, may be allowed for attendance at each regular or and special meeting of the Board of Directors as may be established by resolution of the BoardDirectors; provided that nothing herein contained shall be construed to preclude any director Director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ophthalmic Imaging Systems), Agreement and Plan of Merger (Ophthalmic Imaging Systems)

Compensation of Directors. Directors, as such, may Directors shall not receive such any stated salary for their services and/or such fixed sums and expenses of attendance for attendance at each regular or special meeting as directors, but by resolution of the Board of Directors as a fixed honorarium or fees and expenses, if any, of attendance may be established by resolution of the Board; provided that nothing allowed for attendance at each meeting. Nothing herein contained shall be construed to preclude any director from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending such committee meetings.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Klever Marketing Inc), Agreement and Plan of Merger (Cimarron Medical, Inc.)

Compensation of Directors. DirectorsSection 12. The directors may be paid their expenses, as suchif any, may receive such stated salary for their services and/or such fixed sums and expenses of attendance at each meeting of the board of directors and may be paid a fixed sum for attendance at each regular or special meeting of the Board board of Directors directors or a stated salary as may be established by resolution of the Board; provided that nothing herein contained director. No such payment shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Endo Pharmaceuticals Holdings Inc), Agreement and Plan of Merger (American Medical Systems Holdings Inc)

Compensation of Directors. Directors, as such, may shall not receive such any stated salary for their services and/or such services, but, by resolution of the Board, a specific sum fixed sums and by the Board plus expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors as may be established by resolution of the Board; provided provided, however, that nothing herein contained shall be construed to preclude any director Director from serving the Corporation or any parent or subsidiary corporation thereof in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Data Corp), Agreement and Plan of Merger (Fiserv Inc)

Compensation of Directors. The directors may be paid their expenses, if any, relating to their attendance at meetings of the Board of Directors, as such, and directors who are not full-time employees of the Corporation may receive such stated salary for their services and/or such be paid a fixed sums and expenses of attendance sum for attendance at each regular or special meeting meetings of the Board of Directors or a stated salary as may be established by resolution of the Board; provided that nothing herein contained a director. No such payment shall be construed to preclude any director from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fohp Inc)

Compensation of Directors. DirectorsSection 1. The directors may be paid their expenses, as suchif any, may receive such stated salary for their services and/or such fixed sums and expenses of attendance for attendance at each regular or special meeting of the Board of Directors as and may be established by resolution paid a fixed sum for attendance at each meeting of the Board; provided that nothing herein contained Board of Directors or a stated salary as director. No such payment shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Agreement and Plan of Merger (IAC/InterActiveCorp)

Compensation of Directors. DirectorsSECTION 14. The directors may be paid their expenses, as suchif any, may receive such stated salary for their services and/or such fixed sums and expenses of attendance for attendance at each regular or special meeting of the Board of Directors as and may be established by resolution paid a fixed sum for attendance at each meeting of the Board; provided that nothing herein contained Board of Directors or a stated salary as director or a combination thereof. No such payment shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Credit Agreement

Compensation of Directors. Directors, as such, may shall not receive such any stated salary for their services services, but by resolution of the Board of Directors, a fixed sum and/or such fixed sums and expenses of attendance expenses, if any, may be allowed for their attendance at each regular or and special meeting of the Board of Directors as may be established by resolution or for their services contributed to the Board of the BoardDirectors; provided provided, however, that nothing contained herein contained shall be construed to preclude any director from serving the corporation Corporation in any other capacity and as an officer, employee or otherwise receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetingssuch services.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Inpixon)

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Compensation of Directors. Directors, as such, may receive such stated salary compensation and be reimbursed for their services and/or such fixed sums and expenses of attendance for attendance at each regular or special any meeting of the Board of Directors Directors, or any committee thereof, as may shall be established determined by resolution of the Board; provided that nothing Board of Directors. Nothing herein contained shall be construed to preclude any director Director from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Executive Retention Agreement

Compensation of Directors. DirectorsSection 14. The directors may be paid their expenses, as suchif any, may receive such stated salary for their services and/or such fixed sums and expenses of attendance at each Board meeting and may be paid a fixed sum for attendance at each regular Board meeting or special meeting of the Board of Directors a stated salary as may be established by resolution of the Board; provided that nothing herein contained director. No such payment shall be construed to preclude any director from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Bedding Experts Inc

Compensation of Directors. Directors, as such, may shall not receive such any stated salary for their services and/or such services, but, by resolution of the Board of Directors, a fixed sums sum and expenses of attendance attendance, if any, may be allowed for attendance at each regular or special meeting of the Board of Directors as may be established by resolution of the BoardDirectors; provided that nothing herein contained shall be construed to preclude any director directors from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may the Executive Committee may, by resolution of the Board of Directors, be allowed like compensation for attending committee Executive Committee meetings. SECTION 12.

Appears in 1 contract

Samples: Transaction Agreement (Kci New Technologies Inc)

Compensation of Directors. Directors, Section 11. Directors as such, may such shall not receive such any stated salary for their services and/or such but, by resolution of the board, a fixed sums sum, and expenses of attendance attendance, if any, may be allowed for attendance at each regular or special meeting of the Board of Directors as may be established by resolution board or at meetings of the Boardexecutive committee; provided that nothing herein contained shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Agreement (Bresler & Reiner Inc)

Compensation of Directors. DirectorsSection 13. The Directors may be paid their expenses, as suchif any, if attending meetings of the Board and may receive such stated salary for their services and/or such be paid a fixed sums and expenses of attendance sum for attendance at each regular or special meeting of the Board of Directors or stated salaries as may be established by resolution of the Board; provided that nothing herein contained Directors. No such payment shall be construed to preclude any director Director from serving the corporation Company in any other capacity and receiving compensation therefor. Members of Directors serving on special or standing committees may similarly be allowed like compensation for attending committee meetings.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Universal Outdoor Inc)

Compensation of Directors. Directors, as such, Directors may receive such stated salary sums for their services and/or such fixed sums and expenses of attendance for attendance at each regular or special meeting as may be directed by resolution of the Board of Directors as may be established by resolution of the BoardDirectors; provided that nothing herein contained shall be construed to preclude any director from serving the corporation Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetingstheir services and expenses.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hanover Direct Inc)

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