Common use of Compensation of Directors Clause in Contracts

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 9 contracts

Samples: Agreement and Plan of Merger (FS Development Corp.), Business Combination Agreement (Dragoneer Growth Opportunities Corp.), Joinder Agreement (Motive Capital Corp)

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Compensation of Directors. Directors The directors shall receive such compensation for their services as the Board of Directors may from time to time determine. No director shall be determined prevented from receiving compensation for his services as a director by a majority reason of the fact that he is also an officer of the Corporation. All directors shall be reimbursed for their reasonable expenses of attendance at each regular or special meeting of the Board of Directors, or a designated . Members of any committee thereof, provided that of directors who are may be allowed like compensation and reimbursement for expenses for serving the Corporation as employees members of any such committee and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporationattending committee meetings.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Centex Construction Products Inc), Agreement and Plan of Merger (Centex Corp), Agreement and Plan of Merger (Centex Construction Products Inc)

Compensation of Directors. Directors shall be entitled to receive such compensation from the Corporation for their services as shall may from time to time be determined by a majority resolution of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 3 contracts

Samples: Scudder New Europe Fund Inc, Kemper New Europe Fund Inc, Scudder New Europe Fund Inc

Compensation of Directors. Directors shall and committee members may receive such compensation compensation, if any, for their services as shall services, and may be determined reimbursed for expenses incurred by a majority them on behalf of the Corporation, in the manner and to the extent provided in resolutions duly adopted by the Board of Directors. This Section 4.11 shall not preclude any director from also serving as an officer, employee, or a designated committee thereof, provided that directors who are serving agent of the Corporation as employees and who receive receiving compensation from the Corporation for their services as such, shall not receive service in any salary or other compensation for their services as directors of the Corporationthose capacities.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Finish Line Inc /In/)

Compensation of Directors. Directors The directors shall receive such compensation for their services as shall may be determined authorized by a majority resolution of the Board of Directors, which compensation may include an annual fee and a fixed sum for expense of attendance at regular or a designated special meetings of the Board or any committee thereof, provided that directors who are . Nothing herein contained shall be construed to preclude any director from serving the Corporation as employees in any other capacity and who receive receiving compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporationtherefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Iconix Brand Group, Inc.), Agreement and Plan of Merger and Reorganization (Ediets Com Inc)

Compensation of Directors. Directors Directors, acting in their capacities as such, shall receive such compensation for their services as shall may be determined fixed by a majority resolution of the Board or one of Directorsits duly authorized committees and shall receive their actual expenses of attendance, if any, for each regular or a designated committee thereof, special meeting of the Board; provided that directors who are nothing herein contained shall be construed to preclude any director from serving the Corporation as employees in any other capacity and who receive receiving compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporationtherefor.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (PHI Group, Inc./De), Term Loan and Security Agreement (PHI Group, Inc./De)

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as not employees and who shall receive compensation for their services as suchdirectors, in such form and amounts as the Board of Directors from time to time determines. Directors who are employees shall not receive any stated salary or other compensation for their services as directors directors, but, pursuant to normal corporate expense reimbursement policies, shall receive reimbursement for expenses of the Corporationattendance at such meetings.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Watson Wyatt Worldwide, Inc.)

Compensation of Directors. Directors shall be entitled ------------------------- to receive such compensation from the Corporation for their services as shall may from time to time be determined voted by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Venture Series Inc

Compensation of Directors. The Directors shall not be entitled to be paid fees in their capacity as such, but shall receive such compensation for their executive services performed for each Company as shall be determined by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the CorporationShareholders’ Meeting may decide.

Appears in 1 contract

Samples: Joint Venture Agreement (Gulf United Energy, Inc.)

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, Directors provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, such shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pemi Bancorp Inc)

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Compensation of Directors. Directors shall be entitled to receive such compensation from the Company for their services as shall may from time to time be determined voted by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Oppenheimer SteelPath Master MLP Fund, LLC

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, Directors provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Stock Purchase Agreement (Plug Power Inc)

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, provided that directors Directors who are serving the Corporation as officers or employees and who receive compensation for their services as such, such officers or employers shall not receive any salary or other compensation for their services as directors of the CorporationDirectors.

Appears in 1 contract

Samples: Escrow Agreement (Cendant Corp)

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Business Combination Agreement (Slam Corp.)

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, ; provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cartesian Growth Corp)

Compensation of Directors. Directors shall receive such compensation for their services as shall be determined by a majority of the Board of Directors, or a designated committee thereof, provided that directors who are serving the Corporation as employees and who receive compensation for their services as such, shall not receive any salary or other compensation for their services as directors of the Corporation.

Appears in 1 contract

Samples: Registration Rights Agreement (Good Works II Acquisition Corp.)

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