Basic Retainer definition

Basic Retainer means the retainer to which each Director is entitled under this Plan for service on the Board, as set forth in Section 6(a).
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Basic Retainer means, for each fiscal year of service, the sum of the quarterly cash fees paid in advance to an Eligible Director for service on the Board of Directors and any committee thereof on which the Eligible Director serves, excluding any per-meeting fee or expense reimbursement.
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Basic Retainer means the sum of the annual cash fees payable to Eligible Directors for service on the Board of Directors and any committee thereof on which the Eligible Director serves, excluding any per-meeting fee or expense reimbursement.
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Examples of Basic Retainer in a sentence

  • In the election form, the Eligible Director, (x) if he or she was an Eligible Director on the date of adoption of the Plan, shall specify that 0%, 50%, or 100% of such Eligible Director's Basic Retainer shall be deferred, or (y) if he or she was first elected as an Eligible Director after the date of adoption of the Plan shall specify that 50% or 100% of such Eligible Director's Basic Retainer shall be deferred.

  • If an Eligible Director shall fail or omit to file an election form within the period specified in this Section 3(b), he/she shall thereby be deemed to have elected that (i) 50% of his/her Basic Retainer shall be deferred and (ii) paid in a single lump sum payment upon his/her Separation from Service.

  • Each Eligible Director who has achieved the Share Ownership Guidelines shall be paid his or her Annual Basic Retainer Fee entirely in cash, unless such Eligible Director shall have elected to receive his or her Annual Basic Retainer Fee entirely in the form of Share Units or in a combination of cash and Share Units.

  • In the election form, the Eligible Director, shall specify that 0%, 50%, or 100% of such Eligible Director’s Basic Retainer shall be deferred.

  • The remainder of the Annual Basic Retainer Fee shall be paid entirely in cash, unless such Eligible Director shall have elected to receive the remainder of his or her Annual Basic Retainer Fee entirely in the form of Share Units or in a combination of cash and Share Units.

  • Each Director who is an Eligible Director on the effective date of the Plan, may, within 30 days of such effective date, and each Eligible Director who shall be first elected as an Eligible Director after the effective date of the Plan, shall within 30 days following such election, elect to have payment of some part or all of his/her Basic Retainer which is earned subsequent to the Eligible Director's deferral election, deferred and to have payment of such portion made under the terms of this Plan.

  • The Committee may, at its discretion, allow an Eligible Director to receive his or her fees, other than Annual Basic Retainer Fees and Additional Retainer Fees, otherwise payable in cash, in the form of Share Units.

  • If an Eligible Director shall fail or omit to file an election form within the period specified in Section 3(a),he/she shall thereby be deemed to have elected that 50% of his/her Basic Retainer shall be deferred.

  • If an Eligible Director shall fail or omit to file an election form within the period specified in Section 3(a), he/she shall thereby elect that 50% of his/her Basic Retainer shall be deferred.

  • Definition of Terms: Annual Basic Retainer is the annual basic amount paid to all non-employee Directors (on 1/1/06 an amount equal to $15,000).

Related to Basic Retainer

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;

  • Retainer means the annual cash retainer and the additional cash retainer for committee chairs payable to a Director as established from time to time by the Board of Directors; provided, however, that the term “Retainer” shall not include that portion of the annual cash retainer as to which a right exists to make an election under, or for which a prior election is in effect under, the Terms and Conditions Regarding the Grant of Options in Lieu of Cash Directors Fees to Non-Employee Directors Under 2011 Equity Incentive Plan of Manpower Inc. (the “Option Terms”) or the Procedures Governing the Grant of Options to Non-Employee Directors Under the 1994 Executive Stock Option and Restricted Stock Plan of Manpower Inc. (the “Option Procedures”).

  • Retainer Fee means Fees prepaid by Client for Services. If Client has paid a Retainer Fee, IHS will deduct from that Retainer Fee any Fees owed for any Fixed, Time-Based, or Unit-Based Services.

  • Basic Compensation means Salary and Benefits.

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • Annual Fees means the annual fees charged by the Trustee for services provided as the trustee and paying agent under the Indenture.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Additional Compensation has the meaning set out in Section 11.3(1).

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Earnable compensation means the full rate of the

  • Annual Fee has the meaning stated in Section 4.02(a).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Annual Compensation means an amount equal to the greater of:

  • Creditable compensation means the full compensation payable annually to an employee working

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Meeting Fees means fees for attending a meeting of the Board or one of its Committees as set forth in Section 5.3 hereof.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Service Year means fiscal year, except that:

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Final compensation of a member means: