Examples of Vice-Chairman in a sentence
The guidelines specify officer ownership equal in value to a multiple of base salary, as follows: Title Multiple of SalaryChief Executive Officer 5 timesChief Operating Officer and Vice Chairman 3 times Other Senior OfficersSalary above $450,000 2 timesSalary above $300,000 1 times For non-employee directors the guidelines specify ownership equal in value to 5 times the annual Board retainer fee.
Fees paid to the members of the Board of Directors in the 2012 financial year Total remuneration,€Number ofB-shares receivedHannu Syrjänen, Chairman102 4002 053Matti Kavetvuo, Vice Chairman and member until 20 March 2012 5 750 0Jukka Ylppö, Vice Chairman as of 20 March 201270 8001 377Sirpa Jalkanen51 2001 026Eero Karvonen51 8531 026Timo Maasilta50 6101 026Heikki Westerlund56 0001 026Board of Directors total388 6137 534 The figures comprise the fees for the Board meetings and the Committee meetings.
Of the afore-mentioned annual fees, 60% was paid in cash and 40% in Orion Corporation B-shares, which were acquired to the members during 26–30 March 2012 from the stock exchange in amounts corresponding to EUR 30,400 for the Chairman, EUR 20,400 for the Vice Chairman and EUR 15,200 for each of the other members.
During the consulting period, Mr. Brady will provide services andadvice regarding the integration of the Company and Ocean Shore in his roles as Vice Chairman of the Southern Division of OceanFirst Bank and as chairman of the advisory board created by the Company to provide advice with respect to the integration of Ocean Shore s business into the Company.
According to the decision by the Annual General Meeting in 2012 concerning the annual fees for the term of office of the Board of Directors, the Chairman shall receive EUR 76,000, the Vice Chairman shall receive EUR 51,000 and the other members shall receive EUR 38,000 each.