Common use of Compensation and Reimbursements Clause in Contracts

Compensation and Reimbursements. Directors will not, in their capacities as such, be entitled to any compensation or fees from the Company, but will be entitled to reimbursement from the Company for reasonable documented out-of-pocket expenses incurred in connection with performing their duties as Directors and the benefits of the indemnification provisions set forth in Section 6.5 (but only to the extent approved by a Supermajority of the Board pursuant to Section 6.5(c)). Such expenses shall be Operating Expenses of the Company.

Appears in 2 contracts

Sources: Operating Agreement (Palmsource Inc), Operating Agreement (Palm Inc)