Examples of Nonemployee Director in a sentence

The aggregate value of cash compensation and the grant date fair value of Shares that may be awarded or granted during any fiscal year of the Company to any Nonemployee Director shall not exceed $750,000, increased to $1,000,000 in the calendar year of his or her initial services as a Nonemployee Director.
Nothing in the Plan or any Award granted under the Plan shall confer on any Participant a right to remain an Employee, Independent Contractor, or Nonemployee Director or interfere with or limit in any way any right of the Company or Affiliate to terminate the Participant’s Service at any time.
Awards granted to an individual while he or she was service in the capacity as an Employee or while he or she was an Independent Contractor but not a Nonemployee Director will not count for purposes of the limitations set forth herein.
Except as otherwise provided for in an Award Agreement, for purposes of this Plan, references to employment by the Company shall also mean employment by an Affiliate, and references to employment shall include service as an Independent Contractor or Nonemployee Director.

More Definitions of Nonemployee Director

Nonemployee Director means a Director who is an employee of neither the Company nor of any Affiliate.

Nonemployee Director means a member of the Board who is not an Employee.

Nonemployee Director means an individual who is a member of the Board and who is not an employee of the Company or any Subsidiary.

Nonemployee Director means an individual who is a member of the Board of Directors of the Company but who is not an Employee of the Company.

Nonemployee Director means a Director who is not an employee of the Company.