Outside Director Definition Example with 12 Variations

This page contains an example definition of Outside Director, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Outside Director. Means a Director who either (i) 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 (ii) is otherwise considered an outside director for purposes of Section 162(m) of the Code. View More Arrow
Found in 2 Contracts from 2 Companies

Variations

Outside Director. Means means a Director who either (i) 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 who receives compensation for prior services (other than benefits under a tax qualified pension plan), was retirement plan) during the taxable year, has not been an officer of the Company or an affiliated corporation at... any time corporation, and is does not currently receiving direct or indirect receive remuneration from the Company or an affiliated corporation for services corporation, either directly or indirectly, in any capacity other than as a Director or (ii) is otherwise considered an outside director for purposes of Section 162(m) of the Code. View More Arrow
Found in GRAN TIERRA ENERGY INC. contract
Outside Director. Means a Director who either (i) 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), corporation, 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 time, and is not currently receiving direct or... indirect remuneration from the Company or an affiliated corporation compensation for personal services in any capacity other than as a Director Director, or (ii) is otherwise considered an outside director for purposes of Section 162(m) of the Code. Code View More Arrow
Found in Stereotaxis, Inc. contract
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