Director remuneration Clause Samples
The Director Remuneration clause defines how and under what terms directors of a company are compensated for their services. It typically outlines the types of payments directors may receive, such as salaries, bonuses, or other benefits, and may specify the process for approving or adjusting these payments, often requiring board or shareholder approval. This clause ensures transparency and fairness in director compensation, helping to prevent conflicts of interest and aligning director incentives with the interests of the company and its stakeholders.
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Director remuneration. The Company shall pay Director remuneration (if any) as set out in the Business Plan. Variation of any such remuneration shall be a Reserved Matter.
Director remuneration. Each Director shall not ask for remuneration for providing services to the Company in his/her/its capacity as a Director. The Company shall reimburse each Director for his/her/its necessary and reasonable out-of-pocket expenses incurred in connection with attending Board meetings in accordance with Section 6.5 hereof, including but not limited to travel expenses, lodging expenses and other relevant expenses. Such expenditure shall be deemed as the Company’s operating expenses.
Director remuneration. The Company and Project Co shall pay Director remuneration as set out in clause 5.7 (Director remuneration). Any increase in any such remuneration other than in accordance with clause 5.7 (Director remuneration) is a Reserved Matter.
Director remuneration. Any Director who incurs expenses in fulfilling his/her duties as a Director shall be entitled to have such reasonable and properly incurred expenses reimbursed by the Company. Otherwise the Directors shall not be entitled to receive any remuneration by way of salary, commission, fees or otherwise exclusively in relation to the performance of their duties as Directors.
Director remuneration. The Board will determine the compensation to Directors.
Director remuneration. Any decision to pay remuneration to the Directors (including any Secretary of the Company) for their services as a Director (or Secretary) of the Company.
7. (Non-arms’ length arrangements) Entry into or amendment of any contract or arrangement other than on arms’ length terms and entry into or amendment of any transaction between the Company or its Subsidiaries and a Shareholder or an Affiliate of a Shareholder.