SECTION 4.05. COMPENSATION
Directors as such shall receive no salary for their services as Directors; however, the Board may, by resolution from time to time, authorize payment of:
- a fixed sum plus expenses for attendance at each regular or Special Meeting of the Board of Directors,
- all reasonable and necessary expenses incurred by Directors while attending seminars and conventions,
- a stipend to provide insurance premiums attributable to Directors, their spouses and children, and/or
- all reasonable and necessary expenses incurred by Directors which the Board deems to be in the best interest of the Cooperative.