Final Retainer definition
Final Retainer means the annual rate of cash retainer payable to an Outside Director as of the earlier of the last date served as an Outside Director or December 31, 2004.
Final Retainer means the annual rate of cash retainer payable to an Outside Director as of the last date served as an Outside Director."
Examples of Final Retainer in a sentence
For example, the Final Retainer payment for the month ended December 31, 2011 shall be due on January 31, 2012.
Notwithstanding the foregoing, (i) in no event shall the Final Retainer under this Agreement exceed $1.2 million and (ii) if Orchid has not raised the Final Capital on or before December 31, 2012, then the Company shall not be obligated to make any Final Retainer payments.
Each Final Retainer payment shall be due within 30 days after the end of the month to which it relates.