Regular Fees definition
Examples of Regular Fees in a sentence
Regular Fees: This grant of Options will be in addition to any regular fees to which you are entitled for service on the Board (or a committee of the Board), but will be in lieu of (i) any additional compensation to which you would otherwise be entitled for service as Chair of the Board until the Options are vested in full and (ii) any inaugural grant to members of the Board in connection with the Company’s initial public offering.
All Actual Costs included in the Regular Fees or Interim Service Period Fees shall be invoiced in accordance with this Exhibit A in the calendar month immediately succeeding the calendar month in which such Actual Costs were incurred, regardless of the treatment thereof for accounting purposes by MidCountry Bank.
In no event shall Pioneer or the Agent be responsible for paying any Termination Costs, and Termination Costs shall never constitute Regular Fees or Interim Service Period Fees.