Remuneration of the Directors Sample Clauses

The 'Remuneration of the Directors' clause defines how and under what terms directors of a company are compensated for their services. It typically outlines the types of payments directors may receive, such as salaries, fees, bonuses, or other benefits, and may specify the process for determining or approving these amounts, often requiring shareholder or board approval. This clause ensures transparency and fairness in director compensation, helping to prevent conflicts of interest and aligning director incentives with the interests of the company and its stakeholders.
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Remuneration of the Directors. The members of the Board may receive an allowance covering the expenses incurred as a consequence of their attendance to the Company governing bodies meetings if so approved by the General Shareholders Meeting.
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Remuneration of the Directors. The Directors shall not receive any remuneration from the Company in their capacity as members of the Board. They shall be reimbursed by the Company for their reasonable and justified expenses incurred in their capacity as Directors.
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Remuneration of the Directors. The Shareholders shall, so far as they are legally able, exercise their rights in relation to the Company to procure that the Company shall reimburse each Director for all reasonable travelling, accommodation and other expenses reasonably incurred by any Director in attending meetings of the Board or otherwise in connection with his functions as a Director.
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Remuneration of the Directors. 37.1 Unless otherwise established by the shareholders’ meeting, the directors are not entitled to any remuneration. 37.2 The remuneration of the chairman, vice-chairman and managing director shall be established by the board of directors, after having consulted with the board of statutory auditors, and shall be within the maximum limits set by the shareholders’ meeting. 37.3 The shareholders’ meeting may establish an overall sum for the remuneration of all the directors, including those holding special offices.
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Remuneration of the Directors. Subject to applicable law and NYSE Rules, Directors may receive compensation for their services as Directors in such form and amounts and at such times as may be prescribed from time to time by the Board or designated committee thereof. The Directors may be paid their expenses, if any, of attendance at each meeting of the Board and may be paid a fixed sum for attendance at each meeting of the Board or a stated salary as Director payable in cash, stock, stock options, or other compensation or a combination thereof. No such payment shall preclude any Director from serving the Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation and reimbursement of expenses for attending committee meetings
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Related to Remuneration of the Directors

  • Remuneration of Directors The directors are entitled to the remuneration for acting as directors, if any, as the directors may from time to time determine. If the directors so decide, the remuneration of the directors, if any, will be determined by the shareholders. That remuneration may be in addition to any salary or other remuneration paid to any officer or employee of the Company as such, who is also a director.

  • Compensation of the Adviser For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

  • Compensation of the Manager For the services to be rendered by the Manager as provided in this Agreement, the Fund shall pay to the Manager a fee computed on the aggregate net asset value of the Portfolio as of the close of each business day and payable monthly at the annual rate of 0.20%. In the event that this Agreement is terminated at other than a month-end, the fee for such month shall be prorated, as applicable.

  • Compensation of Directors Directors on the Board shall not be entitled to receive a fee for the director’s services as a director on the Board.