Common use of Director Programs Clause in Contracts

Director Programs. MII shall retain responsibility for the payment of any fees payable in respect of service on the MII board of directors that are payable but not yet paid as of the Distribution Date, and B&W shall not have any responsibility for any such payments.

Appears in 3 contracts

Sources: Employee Matters Agreement (Babcock & Wilcox Co), Employee Matters Agreement (McDermott International Inc), Employee Matters Agreement (Babcock & Wilcox Co)