Non-Employee definition
Examples of Non-Employee in a sentence
Executive shall receive cash fees consistent with the Board Chair fee set forth in the Company’s Non-Employee Director Compensation Program, as may be amended from time to time, which is currently $110,000 per calendar year (the “Cash Fee”) during his service as Chairman.
Subject to Board approval, Executive will be granted annual equity awards consistent with the terms of the “Annual Awards” set forth in the Company’s Non-Employee Director Compensation Program, as may be amended from time to time.
In the event that Executive is not serving as Chairman but Executive remains a member of the Board, Executive shall be paid the customary fee paid to Board members pursuant to the Company’s Non-Employee Director Compensation Program, as may be amended from time to time.
For clarity, an Outside Director who has served as an Outside Director, as a member of an applicable committee (or chair thereof), or as Non-Employee Chair of the Board during only a portion of the relevant Fiscal Quarter will receive a prorated payment of the quarterly installment of the applicable Cash Retainer(s), calculated based on the number of days during such Fiscal Quarter such Outside Director has served in the relevant capacities.