Define: Outside Director
What does "Outside Director" mean? The meaning differs based on the contract. We found 10 definitions across 10 companies in SEC filings.
Definition 1 (Salesforce, Inc., seen in 4 filings)
Outside Director means a Director who is not an Employee.
Source: Salesforce, Inc. 10-Q
Definition 2 (CINCINNATI FINANCIAL CORP, seen in 1 filing)
Outside Director means a director of the Company who is not an officer or employee of the Company and who has never been an officer or an employee of the Company.
Source: CINCINNATI FINANCIAL CORP 10-K
Definition 3 (CIENA CORP, seen in 1 filing)
Outside Director means a Director of the Company who is not an Employee.
Source: CIENA CORP S-1
Definition 4 (NVIDIA CORP, seen in 1 filing)
Outside Director means a Director who either (i) is not a current employee of the Company or an affiliated corporation (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), (ii) is not a former employee of the Company or an affiliated corporation receiving compensation for prior services (other than benefits under a tax qualified pension plan), (iii) has not been an officer of the Company or an affiliated corporation, and (iv) does not receive remuneration from the Company or an affiliated corporation, either directly or indirectly, in any capacity other than as a Director.
Source: NVIDIA CORP 10-K
Definition 5 (NVIDIA CORP, seen in 1 filing)
Outside Director means a Director who either (i) is not a current employee of the Company or an affiliated corporation (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an affiliated corporation who receives compensation for prior services (other than benefits under a tax-qualified retirement plan) during the taxable year, has not been an officer of the Company or an affiliated corporation, and does not receive remuneration from the Company or an affiliated corporation, either directly or indirectly, in any capacity other than as a Director, or (ii) is otherwise considered an outside director for purposes of Section 162(m) of the Code.
Source: NVIDIA CORP 10-Q
Definition 6 (COMCAST CORP, seen in 1 filing)
Outside Director means a member of the Board, who is not an employee of a Participating Company.
Source: COMCAST CORP 10-K
Definition 7 (Tesla, Inc., seen in 1 filing)
Outside Director means a Director who either (i) is not a current employee of the Company or an affiliated corporation (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an affiliated corporation receiving compensation for prior services (other than benefits under a tax-qualified pension plan), was not an officer of the Company or an affiliated corporation at any time and is not currently receiving direct or indirect remuneration from the Company or an affiliated corporation for services in any capacity other than as a Director; or (ii) is otherwise considered an outside director for purposes of Section 162(m) of the Code.
Source: Tesla, Inc. S-1
Definition 8 (Tesla, Inc., seen in 1 filing)
Outside Director means a Director who is not an Employee. For the avoidance of doubt, an Outside Director may or may not be an outside director within the meaning of Section 162(m) of the Code.
Source: Tesla, Inc. 10-K
Definition 9 (Credo Technology Group Holding Ltd, seen in 1 filing)
Outside Director means a member of the Board of Directors who is not an Employee.
Source: Credo Technology Group Holding Ltd S-1
Definition 10 (AppLovin Corp, seen in 1 filing)
Outside Director means members of its Board of Directors who are not employees of the Company.
Source: AppLovin Corp 10-K
Data extracted from 17 SEC EDGAR filings across 10 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.