Compensation; No Employment. (a) Each Director shall be reimbursed for his reasonable out-of-pocket expenses incurred in the performance of his duties as a Director, pursuant to such policies as from time to time established by the Board. Nothing contained in this Section 5.6 shall be construed to preclude any Director from serving the Company in any other capacity and receiving reasonable compensation for such services.
Appears in 2 contracts
Samples: Operating Agreement (Aspirity Holdings LLC), Operating Agreement (Aspirity Holdings LLC)
Compensation; No Employment. (a) Each Director shall be reimbursed for his reasonable out-of-pocket expenses incurred in the performance of his duties as a Director, pursuant to such policies as from time to time established by the Board. Nothing contained in this Section 5.6 8.06 shall be construed to preclude any Director from serving the Company in any other capacity and receiving reasonable compensation for such services.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.), Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
