Remuneration and Expenses of Alternate Director Clause Samples
The 'Remuneration and Expenses of Alternate Director' clause defines how an alternate director is compensated and reimbursed for expenses incurred while performing their duties. Typically, this clause specifies whether the alternate director receives payment directly or if their remuneration is deducted from the appointing director’s compensation, and clarifies which expenses are eligible for reimbursement, such as travel or accommodation costs. Its core function is to ensure transparency and fairness in the financial arrangements for alternate directors, preventing disputes over payment and clarifying the allocation of costs between the company and its directors.
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Remuneration and Expenses of Alternate Director. The Company may reimburse an alternate director for the reasonable expenses that would be properly reimbursed if he or she were a director, and the alternate director is entitled to receive from the Company such proportion, if any, of the remuneration otherwise payable to the appointor as the appointor may from time to time direct.