COMPANY MANAGERS Sample Clauses

COMPANY MANAGERS. 1. Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or a similar organ of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision. 2. Remuneration derived by a person referred to in paragraph 1 from the company in respect of the discharge of day-to-day functions of a managerial or technical nature and remuneration received by a resident of a Contracting State in respect of his personal activity as a partner of a company, other than a company with share capital, which is a resident of the other Contracting State, may be taxed in accordance with the provisions of Article 15, as if such remuneration were remuneration derived by an employee in respect of an employment and as if references to the "employer" were references to the company.

COMPANY MANAGERS. 1. Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or a similar organ of a company which is a resident of the other Contracting State may be taxed in that other State. 2. Remuneration derived by a person referred to in paragraph 1 from the company in respect of the discharge of day-to-day functions of a managerial or technical nature and remuneration received by a resident of a Contracting State in respect of his personal activity as a partner of a company, other than a company with share capital, which is a resident of the other Contracting State, may be taxed in accordance with the provisions of Article 15, as if such remuneration were remuneration derived by an employee in respect of an employment and as if references to the "employer" were references to the company.

COMPANY MANAGERS. 1. Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or a similar organ of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision. 2. Remuneration derived by a person referred to in paragraph 1 from a company which is a resident of a Contracting State in respect of the discharge of day-to-day functions of a managerial or technical, commercial or financial nature, may be taxed in accordance with the provisions of Article 15, as if such remuneration were remuneration derived by an employee in respect of an employment and as if references to the "employer" were references to the company.

COMPANY MANAGERS. To the fullest extent permitted by applicable Law and notwithstanding any provision of this Agreement to the contrary, each of the Managers other than any Member Manager (a “Company Manager”), in such Person’s capacity as a Manager, shall have no fiduciary or other duties to the Company, any Member, any other Manager or any other Person in connection with the business and affairs of the Company or any consent or approval given or withheld pursuant to this Agreement, other than the implied contractual covenant of good faith and fair dealing.

COMPANY MANAGERS. 1. Directors' fees and other similar payments derived by a resident of a Contracting Party in his capacity as a member of the board of directors or a similar organ of a company which is a resident of the other Contracting Party may be taxed in that other Party. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting Party of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision. 2. Remuneration derived by a person referred to in paragraph 1 from a company which is a resident of a Contracting Party in respect of the discharge of day-to-day functions of a managerial or technical, commercial or financial nature and remuneration received by a resident of a Contracting Party in respect of his day-to-day activity as a partner of a company, other than a company with share capital, which is a resident of a Contracting Party, may be taxed in accordance with the provisions of Article 15, as if such remuneration were remuneration derived by an employee in respect of an employment and as if references to the "employer" were references to the company.

COMPANY MANAGERS. 1. Directors' fees or other similar payments derived by a resident of a Contracting State in his capacity as a member of theboard of directors of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision. 2. Remuneration derived by a person referred to in paragraph 1 from a company which is resident of a Contracting State inrespect of the discharge of day-to-day functions of a managerial or technical nature and remuneration received by a resident of a Contracting State in respect of his personal activity as a partner of a company, other than a company with share capital, which is a resident of a Contracting State, may be taxed in accordance with the provisions of Article 15, as if such remuneration were remuneration derived by an employee in respect of an employment and as if references to the "employer" were references to the company.

COMPANY MANAGERS. These are the people who manage the firm’s intellectual capital. They, too, see it as a business asset, but their focus is on how to manage it in order to increase both its amount and, more important, its ability to increase cash flow. Company managers involved with intellectual capital are most often focused on creating the firm’s future cash flow, economic profit, and sustainable competitive advantage.

COMPANY MANAGERS. 1. Directors' fees and similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or a similar organ of a company which is a resident of the other Contracting State may be taxed in that other State.

COMPANY MANAGERS. 1. Directors’ fees and other similar payments derived by a resident of a Party in his capacity as a member of the board of directors or a similar organ of a company which is a resident of the other Party may be taxed in that other Party. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Party of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision. 2. Remuneration derived by a person referred to in paragraph 1 from a company which is a resident of a Party in respect of the discharge of day-to-day functions of a managerial or technical, commercial or financial nature, and remuneration received by a resident of a Party in respect of his day-to-day activity as a partner of a company, other than a company with share capital, which is a resident of a Party, shall be taxable in accordance with the provisions of Article 15, as if such remuneration were remuneration derived by an employee in respect of an employment and as if references to the “employer” were references to the company.

COMPANY MANAGERS. The Company shall have Managers, as more fully set forth in the Company’s Bylaws. The initial Chief Manager shall be Xxx Xxxxxxx and the initial Treasurer shall be Xxxx Xxxxxxx.