REMUNERATION FOR DIRECTORS Sample Clauses
The 'Remuneration for Directors' clause defines how and under what terms directors of a company are compensated for their services. Typically, this clause outlines the types of payments directors may receive, such as salaries, fees, bonuses, or other benefits, and may specify the process for determining or approving these amounts, often requiring shareholder or board approval. Its core function is to ensure transparency and fairness in director compensation, preventing conflicts of interest and providing clear guidelines for remuneration decisions.
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REMUNERATION FOR DIRECTORS. The Independent Directors shall be compensated by the Company as determined by the vote of holders of at least sixty six and two-thirds percent (66-2/3%) of the Shares outstanding at a properly constituted general meeting. The Company shall also bear, or reimburse, the costs and expenses of all Directors, including travel expenses, reasonably incurred in attending each Board meeting. The Company shall indemnify the Directors and hold them harmless against any claims, losses or liabilities of any kind whatsoever in connection with the performance of their duties as Directors, except in the case of fraud or dishonesty. No later than the Effective Date, the Company shall obtain and cause to be maintained in effect, with financially sound insurers, a policy of directors' and officers' liability insurance covering each Director upon such terms as shall be consistent with U.S. market standards.
REMUNERATION FOR DIRECTORS. Unless otherwise agreed by the Major Shareholders, compensation for each Director shall be up to €5,000 per annum, plus reasonable travel and accommodation expenses. All such compensation and expenses shall be borne by ▇▇▇▇▇.
REMUNERATION FOR DIRECTORS. The Company may reimburse the Directors for reasonable fees incurred in the course of discharging their duties as a Director, including without limitation travel expenses, as it sees fit.
REMUNERATION FOR DIRECTORS. Directors shall be entitled to fees for acting as a director of the Company, as determined in an Authorized Operating Budget. All directors may be paid reasonable expenses thereof incurred when acting as directors.
REMUNERATION FOR DIRECTORS. Remuneration for directors shall be determined by the resolution of a general meeting of shareholders.