Sitting Fees Sample Clauses

Sitting Fees. The Non- Executive / Independent Director may receive remuneration by way offees for attending meetings of Board or Committee thereof. Provided that the amount of such fees shall be decided by the Board and subject tothe limit as provided in the Act.
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Sitting Fees. ESTEL may pay such sitting fees to Xxxxxtors, not exceeding the maximum permissible under the Companies Act, as may be determined by the Board. In addition to or in substitution of the sitting fee Directors may be paid commission not exceeding the maximum permissible under the Companies Act. A Director shall in addition be entitled to receive such remuneration for services performed for ESTEL not exceeding the maximum permissible under the Companies Act.
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Sitting Fees. The Non-executive Independent Directors of the Company shall be paid sitting fees as per the applicable Regulations and no sitting fee is paid to Non-executive Non Independent Directors. The quantum of sitting fees will be determined as per the recommendation of Nomination and Remuneration Committee and approved by the Board of Directors of the Company. Further the boarding and lodging expenses shall be reimbursed to the Directors based out of Mumbai.
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Sitting Fees. The payment of sitting fees shall be governed by the policy of the Company in this regard as may be in force from time to time.
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Sitting Fees. Traditional Owners are regularly called upon to provide input into the negotiation and then the implementation of Indigenous agreements. ‘Sitting fees’ are often paid to Indigenous representatives on negotiation teams, and after an agreement is finalised, to members of coordination committees established to implement the agreement. Sitting fees are remuneration for time, cultural expertise and contribution to the process. They can, however, be a contentious and complex element of negotiating and implementing agreements both in terms of what is covered as well as the amount to be paid. Practice varies considerably across States, companies and Indigenous organisations. What is usually covered:  Actual attendance at meetings for time and expertise  Some organisations pay on ‘good faith’, while others require proof of attendance at a meeting or at a proportion of meetings (e.g. over 60 % of meetings per year) (NSWALC 2011)  Public servants are typically not eligible for sitting fees (Hansard WA 2010). Determining an amount for sitting fees:  This is determined by the particular company or Aboriginal Corporation and can be based on the financial position of the company or corporation and the qualifications and experience of the attendees. Based on available literature, there does not appear to be any consistent method of determining sitting fees across the extractive industries  Some State Government departments do not provide sitting fees, whereas other States follow public service standards (WAAAC 2010)  Some Indigenous Councils and Boards have a standard regime to determine sitting fees and attempt to alleviate issues surrounding payment of fees, for example meeting costs such as meals, accommodation and refreshments will be paid directly to the service provider by some agencies where practicable (AALC 2011)  NSW Aboriginal Land Council (NSWALC) pays up to $1000 per year for a Chairperson of a LALC and up to $750 per year for other Board members (NSWALC 2010). Issues:  Transparency: Some TOs sit across many meetings which have different rates for sitting fees. Some attendees consider lower fees patronising if they receive higher fees from another company  Some meetings do not offer sitting fees, which can cause disquiet among the attendees. Unrest may be related to a lack of awareness of nature and context of the meeting and proposed outcomes (for example, whether the meeting is for a charitable Trust). Some TOs will only attend where there are sitt...
Sample 1
Sitting Fees. As an Independent Director you shall be paid sitting fees for attending the meetings of the Board of which you are a member as fixed by the Board from time to time. The sitting fees presently paid to the Non-Executive Independent Director is [*] per meeting of the Board.
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Related to Sitting Fees

  • Filing Fees The Company has paid or shall pay the required Commission filing fees relating to the Offered Securities within the time required by Rule 456(b)(1) without regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r).

  • Expenses; Termination Fees (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Expenses; Termination Fee (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Arbitration Fees and Costs If your claim seeks more than $75,000 in the aggregate, the payment of the AAA’s fees and costs will be governed by the AAA rules. If your claims seek less than $75,000 in the aggregate, the payment of the AAA’s fees and costs will be our responsibility. However, if the arbitrator finds that your Dispute was frivolous or brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)), the payment of the AAA’s fees and costs shall be governed by the AAA Rules and you shall reimburse us for all fees and costs that were your obligation to pay under the AAA Rules. You may hire an attorney to represent you in arbitration. You are responsible for your attorneys’ fees and additional costs and may only recover your attorneys’ fees and costs in the arbitration to the extent that you could in court if the arbitration is decided in your favor. Notwithstanding anything in this Arbitration Provision to the contrary, we will pay all fees and costs that it is required by law to pay.

  • Consulting Fees and Expenses The Company shall pay to the Consultant a consulting fee of Twenty Thousand ($20,000.00) Dollars per month (the "Consulting Fee").

  • Arbitration; Legal Fees 14.1 Any dispute or controversy arising under or in connection with this Agreement (except with respect to injunctive relief under Section 10) shall be settled exclusively by arbitration in North Carolina, in accordance with the rules of the American Arbitration Association for employment disputes as then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction.

  • Closing Fees Borrower shall have paid to Administrative Agent for the ratable benefit of each Bank, and shall have paid to Administrative Agent and its Affiliates (for its own account), the fees to be paid on the Closing Date pursuant to Section 3.12.

  • Arbitration; Legal Fees and Expenses The parties agree that Executive’s employment and this Agreement relate to interstate commerce, and that any disputes, claims or controversies between Executive and the Company which may arise out of or relate to Executive’s employment relationship or this Agreement shall be settled by arbitration. This agreement to arbitrate shall survive the termination of this Agreement. Any arbitration shall be in accordance with the Rules of the American Arbitration Association and undertaken pursuant to the Federal Arbitration Act. Arbitration will be held in Oklahoma City, Oklahoma unless the parties mutually agree on another location. The decision of the arbitrator(s) will be enforceable in any court of competent jurisdiction. The parties agree that punitive, liquidated or indirect damages shall not be awarded by the arbitrator(s) unless such damages would have been awarded by a court of competent jurisdiction. Nothing in this agreement to arbitrate, however, shall preclude the Company from obtaining injunctive relief from a court of competent jurisdiction prohibiting any ongoing breaches by Executive of this Agreement including, without limitation, violations of Section 9. If any contest or dispute arises between the Company and Executive regarding any provision of this Agreement, the arbitrator may award to the prevailing party, the reasonable attorney fees, costs and expenses incurred by the prevailing party in connection with such contest or dispute.

  • Termination Fees and Expenses (a) The Company agrees that:

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