The Directors Charitable Award plan agreement is being used by various organizations and under this program, a donation of a certain amount is made by the organization, in the Director’s name. The purpose of this program is to; acknowledge the services of the directors of the company, to provide an additional support to various foundations and to recognize the interest of the company and its directors in supporting various educational institutions and charitable organizations.
The Directors Charitable Award plan agreement involves various informations such as the eligibility of directors to be a part of the plan, the amount of donation for a particular director based on their years of experience in the company and various related terms and conditions. The agreement also contains the information about the requirements of reporting and the necessary instructions for the persons who receive the awards. All the aspects of this agreement plan are governed by the Board of Trustees.
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