Example ContractsClausespayment of retainersVariants
Payment of Retainers
Payment of Retainers contract clause examples

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for1"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for1"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for1"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in 1">Sections1">Section 1(a)3"> and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the 5">fifteenth5">fifth business day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(7">b)7">a), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for9"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such positions, as applicable.

Payment of Retainers. The annual retainers described in 1">Sections1">Section 1(a)3"> and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the 5">fifteenth5">fifth business day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(7">b)7">a), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for9"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such positions, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for1"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(1">a) or 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for3"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(1">a) or 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for3"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in 1">Section1">Sections 1(a) or 1(b), for an entire calendar quarter, the retainer paid to such Non-Employee Director shall be prorated for3"> the portion of such calendar quarter actually served as a Non-Employee Director, or in such position, as applicable.

Payment of Retainers. The annual retainers described in Sections 1(a) and 1(b) shall be earned on a quarterly basis based on a calendar quarter and shall be paid by the Company in arrears not later than the fifteenth day following the end of each calendar quarter. In the event a Non-Employee Director does not serve as a Non-Employee Director, or in the applicable positions described in Section 1(b), for an entire calendar quarter, 1">such Non-Employee Director shall receive a prorated portion of the 3">retainer paid3">retainer(s) otherwise payable to such Non-Employee Director 5">shall be5">for such calendar quarter pursuant to Section 1(b), with such prorated 7">for7">portion determined by multiplying such otherwise payable retainer(s) by a fraction, the numerator of which is the number of days during which the Non-Employee Director serves as a Non-Employee Director or in the applicable positions described in Section 1(b) during the applicable calendar quarter and the denominator of which is the number of days in the applicable calendar quarter.

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