Common use of Compensation of Managers and Members Clause in Contracts

Compensation of Managers and Members. No direct or indirect payment shall be made by the Company to any Member of the Company or to any Affiliate of any Member for such Member’s services as a Member. The Board may determine to provide reasonable compensation to Managers and officers for their services as Managers and officers. Each Manager and officer shall be entitled to reimbursement from the Company for all reasonable expenses incurred by such Manager or officer in managing and conducting the business and affairs of the Company, if expenses are incurred within the scope of delegated responsibilities.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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