Common use of Initial Compensation Clause in Contracts

Initial Compensation. As compensation for Director’s entering into this Agreement and performing his services hereunder, Director shall receive a director’s fee of one thousand dollars (US $1,000.00) per day for all activity, including travel, related to board meetings attended by Director so long as Director remains a director of the Company.

Appears in 4 contracts

Sources: Director Agreement (China Bio-Immunity CORP), Director Agreement (China Bio-Immunity CORP), Director Agreement (China Bio-Immunity CORP)