10-2705. Compensation agreements
During any tender offer or request or invitation for tenders of any class or series of shares of an issuing public corporation, other than an offer, request or invitation by the issuing public corporation, the issuing public corporation shall not enter into or amend, directly or indirectly, agreements containing provisions, whether or not dependent on the occurrence of any event or contingency, that increase, directly or indirectly, the current or future compensation of any officer or director of the issuing public corporation. This section does not prohibit routine increases in compensation or other routine compensation agreements undertaken in the ordinary course of the issuing public corporation's business.
Section: Previous 10-2433 10-2441 10-2442 10-2701 10-2702 10-2703 10-2704 10-2705 10-2706 10-2721 10-2722 10-2723 10-2724 10-2725 10-2726 NextLast modified: October 13, 2016