Example ContractsClausesAll Eligible Directors
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Chairman of the Board Service Retainer (in addition to Eligible Director Service Retainer):

Lead Independent Director Service Retainer (in addition to Annual Board Service Retainer):

Independent Chair of the Board Service Retainer (in addition to Eligible Director Service Retainer):

Non-executive chairperson of the Board: (inclusive of Annual Board Service Retainer)

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.

Outside Director serving as Chairperson: (in addition to above).

Non-Employee Director serving as Board Chair: N/A

All executive officers, chairmen and vice chairmen of boards, presidents, executive vice presidents, senior vice presidents and vice presidents of Commerce or any of its affiliated banks or subsidiary companies shall be eligible to participate in the Plan, together with such other officers or employees of Commerce and its affiliated banks and subsidiary companies as the Committee shall determine.

Eligible Director.Eligible Director” means a Director who is not an employee of the Company or a Subsidiary.

Eligible Accounts. As to each Account that is identified by Loan Parties as an Eligible Account in a Borrowing Base Certificate submitted to Agent, at the time of inclusion in such Borrowing Base Certificate, such Account is # a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery of Inventory or the rendition of services to such Account Debtor in the ordinary course of a Loan Party’s business, # owed to a Loan Party without, to the knowledge of Parent or any Loan Party, any known defenses, disputes, offsets, counterclaims, or rights of return or cancellation, and # not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Accounts.

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