If you want to full, acquire, or print lawful file web templates, use US Legal Forms, the greatest variety of lawful forms, which can be found on-line. Make use of the site`s basic and convenient lookup to get the documents you need. Different web templates for company and personal functions are sorted by categories and states, or keywords and phrases. Use US Legal Forms to get the North Dakota Approval of Stock Retainer Plan for Nonemployee Directors with copy of plan with a few clicks.
Should you be already a US Legal Forms client, log in to your profile and click the Down load option to find the North Dakota Approval of Stock Retainer Plan for Nonemployee Directors with copy of plan. Also you can accessibility forms you formerly acquired from the My Forms tab of your own profile.
Should you use US Legal Forms the very first time, refer to the instructions listed below:
Each and every lawful file web template you buy is your own forever. You possess acces to every kind you acquired in your acccount. Select the My Forms segment and choose a kind to print or acquire once more.
Contend and acquire, and print the North Dakota Approval of Stock Retainer Plan for Nonemployee Directors with copy of plan with US Legal Forms. There are millions of skilled and condition-certain forms you may use for your company or personal demands.
?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.
Board members are not considered employees of the organizations. Usually, board members are outside experts who are leaders in their respective areas. Some board members serve on more than one board at a time.
A managing director occupies the dual capacity of being a director as well as employee of the company. Thus for example, the Supreme Court observed that he can be regarded as a principal employer for the purposes of the ESI Act, 1948.
In general, directors who have a service agreement, or employment contract, will be classed as employees. But Non-Executive Directors or NEDs ? who often act in more of an advisory or mentorship role ? may not intend to have any employment relationship with the company.