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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 an amount of money paid upfront to secure the services of a consultant, freelancer, lawyer, or other professional.
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.
: a person attached or owing service to a household. especially : servant.