Annual Director's Fee

Example Definitions of "Annual Director's Fee"
Annual Director's Fee. The annual retainer fee paid quarterly by the Company to each Director, which fee may be modified from time to time, and which shall include all Director compensation, including attendance at Board and committee meetings. For any Director who shall have failed to attend at least 75 percent of the Board meetings in the prior fiscal year, the Annual Director's Fee shall exclude the amount otherwise payable on the first Quarterly Payment Date.
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