Outside Director

Outside Director. Means a director who is not also an employee of the Company. In the case of an individual who was formerly an employee of the Company, the individual will not be considered to be an Outside Director for purposes of Section 14 below until the first anniversary of his Severance. Such an individual shall be eligible to receive Grants pursuant to Section 14 below on the first day on which the individual is again elected to the Board of Directors after such anniversary.

Outside Director. Shall mean an individual who is not an employee of FLIC or the Bank who is a director of FLIC.

Outside Director. Means any director who: (a) is not a current officer or employee of the Company or any Parent or Subsidiary; (b) is not currently receiving, and since the beginning of the Company's previous fiscal year has not received, compensation in excess of $60,000 for personal services in any capacity from the Company or any Parent or Subsidiary; (c) does not possess, and since the beginning of the Company's previous fiscal year has not possessed, an interest in any transaction or series of similar... transactions with the Company in which the amount involved exceeds $60,000; or (d) is not engaged in a business relationship with the Company for which disclosure would be required pursuant to Item 402(b) of Regulation S-K of the Exchange Act; provided, however, that if at such time as the term "Outside Director," as used in Section 162(m) of the Code is defined in regulations promulgated under Section 162(m) of the Code, "Outside Director" will have the meaning set forth in such regulations, as amended from time to time and as interpreted by the Internal Revenue Service. View More

Outside Director. Means a Director of the Company who either (i) is not a current employee of the Company or an "Subsidiary corporation" (within the meaning of the Treasury regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an "Subsidiary corporation" receiving compensation for prior services (other than benefits under a tax qualified pension plan), has not been an officer of the Company or an "Subsidiary corporation" at any time and is not currently receiving... (within the meaning of the Treasury regulations promulgated under Section 162(m) of the Code) direct or indirect remuneration from the Company or an "Subsidiary 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

Outside Director. Shall mean a member of the Board who is not an officer, employee or consultant of the Company or any Subsidiary.

Outside Director. Means a Director who is not an Employee. 2

Outside Director. Shall mean a member of the Board of Directors who is not a Common-Law Employee of the Company or of a Subsidiary.

Outside Director. A member of the Board who: (i) is not a current employee of the Company or any Affiliate, (ii) is not a former employee of the Company or any Affiliate who receives compensation for prior services (other than benefits under a tax-qualified retirement plan) during the taxable year; (iii) has not been an officer of the Company or any Affiliate; (iv) does not receive remuneration either directly or indirectly, in any capacity other than as a director; and (v) satisfies any other conditions that... shall from time to time be required to qualify as an "outside director" under Section 162(m) of the Code and the regulations thereunder and also as a "Non-Employee Director" under Rule 16b-3 promulgated under the Securities Exchange Act. For this purpose, "remuneration" shall have the meaning afforded that term pursuant to Treasury Regulations issued under Section 162(m) of the Code, and shall exclude any de minimis remuneration excluded under those Treasury Regulations. View More

Outside Director. Means a member of the Board who is not an officer or employee of CHCT.

Outside Director. Shall mean a member of the Board of Directors who is not an Associate.