Wyoming 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
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.
The Role of Board of Directors Directors, especially in larger organizations, are usually not involved in the day-to-day operations of the business. This strategic and oversight role differentiates them from employees who execute the company's daily operations.
?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.
This board member isn't a company employee, which means they don't engage in the day-to-day management of the organization. Rather, most non-executive directors act as independent advisors and are involved in policymaking and planning exercises.
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.