Independent Director

Independent Director. (i) a Director who satisfies the definition of Independent Director or similar definition under the applicable stock exchange or Nasdaq rules and regulations upon which the Common Stock is traded from time to time and (ii) a Director who either (A) is not a current employee of the Company or an affiliated corporation (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an affiliated corporation receiving... compensation for prior services (other than benefits under a tax qualified pension plan), was not an officer of the Company or an affiliated corporation at any time and is not currently receiving direct or indirect remuneration from the Company or an affiliated corporation for services in any capacity other than as a Director or (B) is otherwise considered an outside director for purposes of Section 162(m) of the Code View More

Independent Director. A Director who is not an Employee and who qualifies as (i) a "Non-Employee Director" under Rule 16b-3(b)(3) under the Exchange Act, (ii) an "outside director" under Section 162(m) of the Code, and (iii) an "Independent Director" under the rules and listing standards adopted by the New York Stock Exchange

Independent Director. A Director of the Company who is not also an Employee of the Company and who qualifies as an "outside director' for purposes of Code Section 162(m), and/or as a "Non-Employee Director" for purposes of Section 16(b) of the Exchange Act

Independent Director. A Director who is not an Employee and who is intended to qualify as (i) a 'non-employee director' under Rule 16b-3(b)(3) under the Exchange Act, (ii) an 'outside director' under Section 162(m) of the Code, and (iii) an 'independent director' under the rules and listing standards adopted by the New York Stock Exchange or any other exchange upon which the Company's common stock is listed for trading.

Independent Director. For purposes of this Agreement, "Independent Director" means a member of the Board who is not a party to the Proceeding for which a claim is made under this Agreement.

Independent Director. A Director who is not an Employee of the Company.

Independent Director. A Director who is not and within the last two years has not been directly or indirectly associated with the Acquisition Advisor by virtue of (i) ownership of an interest in the Acquisition Advisor or its Affiliates, (ii) employment by the Acquisition Advisor or its Affiliates, (iii) service as an officer or director of the Acquisition Advisor or its Affiliates, (iv) performance of services, other than as a Director, for Wells REIT, (v) service as a director or trustee of more than three real... estate investment trusts advised by the Acquisition Advisor, or (vi) maintenance of a material business or professional relationship with the Acquisition Advisor or any of its Affiliates. A business or professional relationship is considered material if the gross revenue derived by the Director from the Acquisition Advisor and Affiliates exceeds 5.0% of either the Director's annual gross revenue during either of the last two years or the Director's net worth on a fair market value basis. An indirect relationship shall include circumstances in which a Director's spouse, parents, children, siblings, mothers- or fathers-in-law, sons- or daughters-in-law, or brothers- or sisters-in-law is or has been associated with the Acquisition Advisor, any of its Affiliates, or Wells REIT. View More

Independent Director. Means a Director of the Company who is not also an Employee of the Company and who qualifies as an "outside director" within the meaning of Code Section 162(m) and Section 16(b) of the Exchange Act.

Independent Director. For purposes of this Agreement, a member of the Board who neither is nor was a party to the Proceeding for which the Indemnitee is making a claim pursuant to this Agreement.

Independent Director. A Director who qualifies as independent under Rules 303A.01 and 303A.02 of the New York Stock Exchange Listed Company Manual.