Examples of Base Retainer in a sentence
Each Eligible Participant shall be paid a Base Retainer for service as a director during each Plan Year.
The amount of the Base Retainer shall be established from time to time by the Board.
In no event shall the benefit calculated under Article 5.1 exceed one hundred percent (100%) of the Base Retainer (in the case of an Eligible Director with less than ten years of Service) or the sum of (x) one hundred ten percent (110%) of the Base Retainer and the Chairman Retainer (in the case of an Eligible Director with ten or more years of Service), as applicable.
Table of Contents Remco Daal Residence:Other Current Public Directorships Since:Granite Securities Owned, Controlled or Directed, as at March 31, 2020Deferred Share Units(1) (#) Stapled Units (#) Total Deferred Share Units and Stapled Units (#) Total Value(2) ($) Multiple of Base Retainer Ownership Requirement Met(3)Current Board / Committee Membership 2019 Meeting Attendance(4) Attendance TotalNotes: (1) Deferred share units are issued under the Granite GP Non-Employee Directors’ Deferred Share Unit Plan.
The number of RSUs granted pursuant to the Annual RSU Award will be determined by (A) dividing the amount that is fifty percent (50%) of the applicable Annual Base Retainer by the closing price of a share of Common Stock on the RSU Grant Date and (B) rounding to the nearest whole number.