Common use of Initial Compensation Clause in Contracts

Initial Compensation. As compensation for Director's entering into this Agreement and performing his services hereunder Company shall pay a director’s fee as set forth on Annex A hereto per month so long as Director is a member of the Board.

Appears in 6 contracts

Sources: Director Agreement (Prime Sun Power Inc), Director Agreement (Laureate Resources & Steel Industries Inc.), Director Agreement (Prime Sun Power Inc)

Initial Compensation. As compensation for Director's entering into this Agreement and performing his services hereunder Company shall pay a director’s fee as set forth on Annex A hereto per month so long as Director is a member of the Board, pro-rated for any partial period thereof.

Appears in 2 contracts

Sources: Director Agreement (Laureate Resources & Steel Industries Inc.), Director Agreement (Laureate Resources & Steel Industries Inc.)

Initial Compensation. As compensation for Director's entering into this Agreement and performing his [his/her] services hereunder hereunder, Company shall pay a director’s fee as set forth on Annex A hereto per month so long as Director is a member of the Board.

Appears in 1 contract

Sources: Director Agreement (4C Controls Inc)