Example ContractsClausesall eligible directors$40,000Variants
All Eligible Directors$40,000
All Eligible Directors$40,000 contract clause examples

Eligible Directors. Each member of the Board who is not also employed by the Company or any its subsidiaries on the date of grant of a Program Award (each, an “Eligible Director”) is eligible to receive Program Awards.

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Each director of the Company who is not an employee of the Company or any of its subsidiaries (each an “Eligible Director”) is eligible to be granted Awards under the Plan.

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