Common use of Compensation of Directors; Expense Reimbursement Clause in Contracts

Compensation of Directors; Expense Reimbursement. Managers that are also employees or Officers of the Company or any of its Subsidiaries shall not receive any stated salary for services in their capacity as Managers; provided, however, that, subject to Section 6.10(b), nothing herein contained shall be construed to preclude any Manager from serving the Company or any Subsidiary in any other capacity and receiving compensation (including Incentive Units) therefor. Managers that are not also employees or Officers of the Company or any of its Subsidiaries may receive equity based compensation and/or a stated salary for their services as Managers, in each case, as is determined from time to time by the Board of Managers. Managers shall be reimbursed for any reasonable out-of-pocket expenses related to attendance at each regular or special meeting of the Board of Managers (or any committee thereof), subject to the Company’s requirements with respect to reporting and documentation of such expenses.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.), Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.), Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.)

AutoNDA by SimpleDocs

Compensation of Directors; Expense Reimbursement. Managers Representatives that are also employees or Officers officers of the Company or any of its Subsidiaries shall not receive any stated salary for services in their capacity as ManagersRepresentatives; provided, however, that, subject to Section 6.10(b), nothing herein contained shall be construed to preclude any Manager Representative from serving the Company or any Subsidiary in any other capacity and receiving compensation (including Incentive Class B Units or Class C Units) therefor. Managers Representatives that are not also employees or Officers officers of the Company or any of its Subsidiaries may receive equity based compensation and/or a stated salary for their services as ManagersRepresentatives, in each case, as is determined from time to time by the Board of ManagersManagement Committee. Managers Representatives shall be reimbursed for any reasonable out-of-pocket expenses related to attendance at each regular or special meeting of the Board of Managers Management Committee (or any committee thereof), subject to the Company’s requirements with respect to reporting and documentation of such expenses.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vestar Capital Partners v L P)

Compensation of Directors; Expense Reimbursement. Managers that are also employees or Officers officers of the Company or any of its Subsidiaries shall not receive any stated salary for services in their capacity as Managers; provided, however, that, subject to Section 6.10(b), nothing herein contained shall be construed to preclude any Manager from serving the Company or any Subsidiary in any other capacity and receiving compensation (including Incentive Units) therefor. Managers that are not also employees or Officers officers of the Company or any of its Subsidiaries may receive equity based compensation and/or a stated salary for their services as Managers, in each case, as is determined from time to time by the Board of Managers. Managers shall be reimbursed for any reasonable out-of-pocket expenses related to attendance at each regular or special meeting of the Board of Managers (or any committee thereof), subject to the Company’s requirements with respect to reporting and documentation of such expenses.

Appears in 1 contract

Samples: Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.)

Compensation of Directors; Expense Reimbursement. Managers that are also employees or Officers officers of the Company or any of its Subsidiaries shall not receive any stated salary for services in their capacity as Managers; provided, however, that, subject to Section 6.10(b), nothing herein contained shall be construed to preclude any Manager from serving the Company or any Subsidiary in any other capacity and receiving compensation (including Incentive Class B Units or Class C Units) therefor. Managers that are not also employees or Officers officers of the Company or any of its Subsidiaries may receive equity based compensation and/or a stated salary for their services as Managers, in each case, as is determined from time to time by the Board of Managers. Managers shall be reimbursed for any reasonable out-of-pocket expenses related to attendance at each regular or special meeting of the Board of Managers (or any committee thereof), subject to the Company’s requirements with respect to reporting and documentation of such expenses.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Radiation Therapy Services Holdings, Inc.)

AutoNDA by SimpleDocs

Compensation of Directors; Expense Reimbursement. Managers that are also employees or Officers of the Company or any of its Subsidiaries shall not receive any stated salary for services in their capacity as Managers; provided, however, that, subject to Section 6.10(b)6.10, nothing herein contained shall be construed to preclude any Manager from serving the Company or any Subsidiary in any other capacity and receiving compensation (including Incentive Units) therefor. Managers that are not also employees or Officers of the Company or any of its Subsidiaries may receive equity based compensation and/or a stated salary for their services as Managers, in each case, as is determined from time to time by the Board of Managers. Managers shall be reimbursed for any reasonable out-of-pocket expenses related to attendance at each regular or special meeting of the Board of Managers (or any committee thereof), subject to the Company’s requirements with respect to reporting and documentation of such expenses.

Appears in 1 contract

Samples: Limited Liability Company Agreement (21st Century Oncology Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!