Example ContractsClausesAnnual Retainers
Annual Retainers
Annual Retainers contract clause examples

Annual Retainers. Each Non-Employee Director will be eligible to receive the following annual retainers for service as # a member and/or chair of the Board and # a member or chair/co-chair of a committee of the Board (“Committee”) set forth below, as applicable.

Annual Retainers. Each Non-Executive Director shall receive an annual retainer of $38,245 for service on the Board.

Note: Chairperson and Committee retainers are in addition to annual board member retainers. No equity retainers shall be paid as compensation for committee membership.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall b

Committee chairs annual retainer: Annual retainers, payable in cash, of:

Additional Annual Retainers for Committee Membership and Service as Chairperson:

Cash Compensation: Annual cash retainers each paid quarterly, in arrears.

Annual retainers will be paid in the following amounts to Directors:

Additional Annual Retainers for Chairperson of the Board: $125,000 to acknowledge the additional responsibilities and time commitment of the Chairperson role.

​ Effective for annual retainers first payable beginning from and after April 30, 2019.

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