Common use of Compensation of Independent Directors Clause in Contracts

Compensation of Independent Directors. Each Independent Director will receive $2,000 per meeting. The Board of Directors, subject to the approval of Unit holders, to the extent required by law, may approve supplemental compensation for the Independent Directors.

Appears in 5 contracts

Samples: Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC)

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