Common use of Fees and Compensation of Directors Clause in Contracts

Fees and Compensation of Directors. Directors and members of committees may receive such compensation, if any, for their services and such reimbursement of expenses as may be fixed or determined by resolution of the board of directors. This

Appears in 6 contracts

Sources: Recapitalization Agreement (Mapquest Com Inc), Merger Agreement (Phone Com Inc), Stock Purchase Agreement (Lightspan Partnership Inc)

Fees and Compensation of Directors. Directors and members of committees may receive such compensation, if any, for their services and such reimbursement of expenses as may be fixed or determined by resolution of the board Board of directorsDirectors. ThisThis Section 3.11 shall not be construed to preclude any Director from serving the Corporation in any other capacity as an officer, agent, employee or otherwise and receiving compensation for those services.

Appears in 2 contracts

Sources: Securities Purchase Agreement (MDNA Life Sciences, Inc.), Securities Purchase Agreement (MDNA Life Sciences, Inc.)