California Approval of Stock Retainer Plan for Nonemployee Directors with copy of plan
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How to fill out Approval Of Stock Retainer Plan For Nonemployee Directors With Copy Of Plan?
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FAQ
: a person attached or owing service to a household. especially : servant.
A retainer fee is an amount of money paid upfront to secure the services of a consultant, freelancer, lawyer, or other professional.
Equity Retainer means the designated annual stock retainer, payable quarterly, for Non-Employee Directors established from time to time by the Board as equity compensation for services rendered.
A retainer fee is the upfront cost of a service before the service has been performed. In other words, it's a form of advance payment often required by a consultant, lawyer or freelance professional. For example, a lawyer charges their client a retainer fee prior to the client using their services.
?NON-EMPLOYEE DIRECTOR? means a member of the Board who is not an employee of the Company or any of its Subsidiaries. ?OPTION? means an option to purchase Shares awarded to a Non-Employee Director under the Plan.