Annual Retainer Fee definition

Annual Retainer Fee means the annual retainer fee payable to a Nonemployee Director under the Company’s compensation policies for directors in effect from time to time.

Annual Retainer Fee means the portion, expressed in dollars, of the annual retainer fee, annual committee chair retainer fee and the annual Board and committee attendance fee, which would, but for the Plan, be payable in cash by the General Partner to an Eligible Director for approximately one year of service as a member of the Board beginning on the date of the annual meeting of the General Partner at which the Board is elected and ending on the date immediately preceding the date of the following annual meeting of the General Partner, and for greater certainty, Annual Retainer Fee shall exclude amounts received by an Eligible Director as a reimbursement for expenses incurred in attending meetings and any other fee which may be payable by the General Partner to an Eligible Director;

Annual Retainer Fee means the annual fee payable to a Director for service on the Board. The Annual Retainer Fee currently in effect is set forth on Appendix One hereto, which the Board may amend from time to time. The Annual Retainer Fee shall be pro-rated on a quarterly basis for a Board member who serves less than an entire calendar year.

Examples of Annual Retainer Fee in a sentence

• If an Outside Director has not made a Share Election, the Director will be deemed to have made a Share Election to receive 50% of his or her Annual Retainer Fee in the form of Common Stock.

• If an Outside Director who is entitled to do so elects to receive 0% of his or her Annual Retainer Fee in the form of shares of Common Stock, then all of his or her Annual Retainer Fee shall be paid in cash (subject to any deferral by the Outside Director under the Cash Deferral Plan).

• In the event a Director is elected to the Board at a time other than at the Annual Meeting, the Annual Retainer Fee will be prorated on a quarterly basis based on the quarter a Director is elected to the Board and paid within ten (10) business days after the first business day after the Director’s first Board or committee meeting.

• The Annual Retainer Fee used by the Retirement Plan will be assumed to remain constant for all future years.

• If an Outside Director elects (or is deemed to have elected) to receive only 50% of his or her Annual Retainer Fee in the form of shares of Common Stock, then the remaining 50% shall be paid in cash (subject to any deferral by the Outside Director under the Cash Deferral Plan).

More Definitions of Annual Retainer Fee

Annual Retainer Fee means the annual fee to which an Outside Director is entitled for serving as a Director during a fiscal year of the Company, but shall not include reimbursement for expenses, fees associated with service on any committee of the Board or fees for other services provided to the Company.

Annual Retainer Fee means the amount, expressed in dollars, of the annual retainer fee which would, but for the Plan, be payable in cash by the Corporation to an Eligible Director for one year of service as a member of the Board, beginning on the date of the annual general meeting of the Corporation at which an Eligible Director is elected and ending on the date immediately preceding the date of the following annual general meeting of the Corporation, and for greater certainty, Annual Retainer Fee shall exclude any other fee which may be payable by the Corporation to the Eligible Director.

Annual Retainer Fee means the annual fee payable to a Nonemployee Director for his or her services on the Board.

Annual Retainer Fee means the annual fee payable to an Outside Director for services as a member of the Board, but exclusive of any fees paid for services as a member of a committee of the Board, for attending meetings or for other special services proved to the Company.

Annual Retainer Fee means the annual fee payable to an Outside Director for service on the Board as in effect on the date of an Outside Director's Retirement.

Annual Retainer Fee means the annual fee payable to an Eligible Director for his service as a member of the Board.

Annual Retainer Fee means the amount equal to 50% of the annual Director’s retainer fee paid by the Bank to its Directors. The Annual Retainer Fee as to each Director will be determined as of the date the Director retires.