Compensation Clause Example from Business Contracts

This example Compensation clause appears in 7 contracts from 2 companies

Compensation. As compensation for your services to the Company, you will receive compensation as set forth on Schedule B attached hereto (hereinafter, the "Compensation") for serving on the Board during your term as a director. You shall be reimbursed for reasonable and approved expenses incurred by you in connection with the performance of your Duties.