Define: Directors Fees

How is Directors Fees defined in a legal contract?

• Directors Fees means the annual fees given by any [organization], inclusive of retainer fees and meeting fees, as payment for services rendered on the board of directors. Seen in 46 SEC filings.
• Directors Fees means the compensation for services as a board member, not including expense reimbursement or irregular forms of compensation, prior to deductions for contributions or deferrals under any deferred compensation plan. Seen in 12 SEC filings.
• Directors Fees means all retainer, meeting fees, or other compensation that a director would be entitled to for services they provide as a director, excluding any compensation they would receive in their capacity as an employee. Seen in 11 SEC filings.
• Directors Fees means the fees paid by the [organization] to board members as compensation for services they perform as board members. Seen in 8 SEC filings.
• Directors Fees means amounts paid to a director as compensation, but not as expense reimbursement for serving on the board, including retainer fees, meeting fees and stock grants or awards. Seen in 6 SEC filings.
• Directors Fees means all compensation that a director would be entitled to for services they provide as a director. Seen in 4 SEC filings.
• Directors Fees means retainers, meeting attendance fees and any other payment received by a director for their services on the board of directors, including LTIP Awards. Seen in 4 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of directors fees' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Directors Fees means the annual fees, retainers, or compensation, excluding expenses, paid to a board member for services rendered.

Relevant Contract Types

• Directorship Agreement
• Non-Disclosure Agreement
• Employment Contract

Relevant Circumstances

• When appointing a new director to the board
• When updating remuneration plan
• When discussing fees related to director services

Relevant Sectors

• Technology
• Finance
• Healthcare
• Energy

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Genie Definition 2

Directors Fees means all agreed forms of payment excluding expenses, received by a director for services on the board.

Relevant Contract Types

• Consulting Agreement
• Shareholders' Agreement
• Mergers and Acquisitions Agreement

Relevant Circumstances

• During negotiation of director compensation
• In discussion around board fee structures and benefits
• While designing director’s incentive plans

Relevant Sectors

• Manufacturing
• Retail
• Education
• Transportation

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