Common use of Fees and Compensation Clause in Contracts

Fees and Compensation. Unless otherwise restricted by the Articles of Incorporation or these Bylaws, the Board of Directors may, if it so desires, authorize members of the Board of Directors to be compensated for their expenses, if any, of attendance at each regular or special meeting of the Board of Directors. Such compensation may, in the Board of Directors’ discretion, also include a fixed sum for each meeting and an annual fee for serving as a director, such as may be allowed by resolution of the Board of Directors. Directors who are officers or employees of the Corporation may receive, if the Board of Directors desires, fees for serving as directors. Nothing herein contained shall be construed to preclude any director from serving the Corporation in any other capacity and receiving compensation therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Apollo Education Group Inc), The Agreement and Plan of Merger (Apollo Education Group Inc)

AutoNDA by SimpleDocs

Fees and Compensation. Unless otherwise restricted by the Articles Certificate of Incorporation or these Bylaws, the Board of Directors may, if it so desires, authorize members of the Board of Directors to be compensated for their expenses, if any, of attendance at each regular or special meeting of the Board of Directors. Such compensation may, in the Board of Directors’ discretion, also include a fixed sum for each meeting and an annual fee for serving as a director, such as may be allowed by resolution of the Board of Directors. Directors who are officers or employees of the Corporation may receive, if the Board of Directors desires, fees for serving as directors. Nothing herein contained shall be construed to preclude any director from serving the Corporation in any other capacity and receiving compensation therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (ADT Corp), Agreement and Plan of Merger (Outerwall Inc)

AutoNDA by SimpleDocs

Fees and Compensation. Unless otherwise restricted by the Articles Corporation’s certificate of Incorporation incorporation or these Bylawsbylaws, the Board members of Directors the board of directors may, if it so desires, authorize members of the Board board of Directors directors to be compensated for their expenses, if any, of attendance at each regular or special meeting of the Board board of Directorsdirectors. Such compensation may, in the Board board of Directorsdirectors’ discretion, also include a fixed sum for each meeting and an annual fee for serving as a director, such as may be allowed by resolution of the Board board of Directorsdirectors. Directors who are officers or employees of the Corporation may receive, if the Board board of Directors directors desires, fees for serving as directors. Nothing herein contained shall be construed to preclude any director from serving the Corporation in any other capacity and receiving compensation therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Option Care Health, Inc.), Agreement and Plan of Merger (Amedisys Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.