Compensation of Directors and Officers. (a) Members of the Board of Directors shall not receive compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors. The Board of Directors or any compensation committee appointed by the Board of Directors may, from time to time, authorize the reimbursement by the Company of such expenses (including travel expenses) as may be incurred by Directors in the performance of their duties hereunder (including attendance at meetings of the Board of Directors). (b) The Officers shall serve with or without such compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors thereof shall determine.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Seadrill Partners LLC), Limited Liability Company Agreement (Seadrill Partners LLC), Limited Liability Company Agreement (Seadrill Partners LLC)
Compensation of Directors and Officers. (a) Members of the Board of Directors shall not receive such compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of DirectorsDirectors shall determine. The In addition, the Board of Directors or any compensation committee appointed by the Board of Directors may, from time to time, authorize the reimbursement by the Company of such expenses (including travel expenses) as may be incurred by Directors in the performance of their duties hereunder (including attendance at meetings of the Board of Directors).
(b) The Officers shall serve with or without such compensation for their services to the Company as the Board of Directors or any compensation committee appointed by the Board of Directors thereof shall determine.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Teekay Offshore Partners L.P.)
