Compensation of Board Members; Expenses. The Board shall have the authority to fix the compensation of the Board Members. Non-Independent Board Members shall not receive any compensation for service on the Board. The Board Members may be paid their expenses, if any, of attendance at meetings of the Board, which may be a reimbursement or a fixed sum for attendance at each meeting of the Board (in such amount as determined by the Board). No such payment shall preclude any Board Member from serving the Company in any other capacity and receiving compensation therefor.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (New Mountain Finance Corp), Limited Liability Company Agreement, Limited Liability Company Agreement (New Mountain Finance Corp)
