Common use of Expenses of Directors Clause in Contracts

Expenses of Directors. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series B Preferred for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee thereof.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Sequoia Software Corp)

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Expenses of Directors. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company and Company, who was elected as a director solely or in part by the holders of Series A Preferred Stock or the Series B Preferred Stock and who does not reside in the city where Board of Directors or Committee meetings are called to be held, for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: Investors' Rights Agreement (Onyx Software Corp/Wa)

Expenses of Directors. The Company shall promptly --------------------- reimburse in full full, each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series B A Convertible Preferred Stock, for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Adolor Corp)

Expenses of Directors. The Company shall promptly reimburse ----------- --------- in full full, each director of the Company who is not an employee of the Company and who was is elected as a director solely or in part by the holders of Series B Convertible Preferred Stock, for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Adolor Corp)

Expenses of Directors. The Company shall promptly reimburse in full full, each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series A Preferred Stock, Series B Preferred Stock or Series C Preferred Stock (each a "Preferred Director"), for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc)

Expenses of Directors. The Company shall will promptly reimburse in full each director of the Company who is not an employee of the Company and who was elected as a director and/or designated as an Observer solely or in part by the holders of the Series B Preferred Stock, for all of his or her reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee thereof.

Appears in 1 contract

Samples: Adoption Agreement (Heat Biologics, Inc.)

Expenses of Directors. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series B A Preferred Stock for all of his reasonable out-of-pocket expenses incurred (a) in attending each meeting of the Board of Directors of the Company or any committee thereofthereof and (b) subject to the prior approval of the Board of Directors of the Company, when otherwise acting on behalf of the Company.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Flexiinternational Software Inc/Ct)

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Expenses of Directors. The Company shall promptly reimburse in full each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series B Preferred Shares for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board board of Directors directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: And Warrant Purchase Agreement (Huff Alternative Income Fund Lp)

Expenses of Directors. The Company shall promptly reimburse in full full, each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series A Preferred Stock or Series B Preferred Stock (each a "Preferred Director"), for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc)

Expenses of Directors. The Company shall promptly reimburse in full full, each director of the Company who is not an employee of the Company and who was elected as a director solely or in part by the holders of Series B Preferred Stock or Series D Preferred Stock for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any committee Committee thereof.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Elixir Pharmaceuticals Inc)

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