Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 41 contracts
Samples: Limited Liability Company Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefortherefore. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Cnu of Virginia, LLC), Limited Liability Company Agreement (Cnu of Virginia, LLC), Limited Liability Company Agreement (Cnu of Virginia, LLC)
Compensation of Managers; Expenses. The Board of Managers shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardBoard of Managers, which may be a fixed sum for attendance at each meeting of the Board of Managers or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (LiveWatch Security, LLC), Limited Liability Company Agreement (Platinum Security Solutions, Inc.), Limited Liability Company Agreement (Platinum Security Solutions, Inc.)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of the Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Eagle Holdco 3 LLC), Limited Liability Company Agreement (Eagle Holdco 3 LLC), Limited Liability Company Operating Agreement (Detroit Radio, LLC)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (RFS Funding Trust), Limited Liability Company Agreement (GE-WMC Mortgage Securities, L.L.C.)
Compensation of Managers; Expenses. The Board of Managers shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardBoard of Managers, which may be a fixed sum for attendance at each meeting of the Board of Managers or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Synchrony Card Issuance Trust), Limited Liability Company Agreement (RFS Holding LLC)
Compensation of Managers; Expenses. The Board of Managers shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardBoard of Managers, which may be a fixed sum for attendance at each meeting of the Board of Managers or a stated salary as Manager. No such payment shall preclude any Operating Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Urban One, Inc.), Limited Liability Company Agreement (Urban One, Inc.)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. Managers and committee members who are employees of the Company or an Affiliate shall not otherwise be compensated for their service on the Board or a committee.
Appears in 1 contract
Samples: LLC Operating Agreement
Compensation of Managers; Expenses. The Board shall will have the authority to fix the compensation of the Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall will preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 1 contract
Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings. Notwithstanding the foregoing, Managers will receive no compensation for these services as such, and the expenses of each Manager shall be the responsibility of the Member.
Appears in 1 contract
Compensation of Managers; Expenses. The Board of Managers shall have ------------------------------------ the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardBoard of Managers, which may be a fixed sum for attendance at each meeting of the Board of Managers or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 1 contract
Compensation of Managers; Expenses. The Board Member shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardManagement Committee, which may be a fixed sum for attendance at each meeting of the Board Management Committee or a stated salary as for each Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing sub-committees may be allowed like compensation for attending sub-committee meetings.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Entergy Corp /De/)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers Manager may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or and/or a stated salary as retainer for each Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation thereforthereof. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)
Compensation of Managers; Expenses. The Board shall have the authority to fix the compensation of Managers. The Managers Manager may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or and/or a stated salary as retainer for each Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)
Compensation of Managers; Expenses. The Board of Managers shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardBoard of Managers, which may be a fixed sum for attendance at each meeting of the Board of Managers or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company Partnership in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.
Appears in 1 contract
Samples: Limited Partnership Agreement (JMB 245 Park Avenue Associates LTD)
Compensation of Managers; Expenses. 8 The Board shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation com- pensation for attending committee meetings.
Appears in 1 contract
Samples: businesslawtoday.org
Compensation of Managers; Expenses. The Board Management Committee shall have the authority to fix the compensation of Managers. The Managers may be paid their expenses, if any, of attendance at meetings of the BoardManagement Committee, which may be a fixed sum for attendance at each meeting of the Board Management Committee or a stated salary as for each Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees subcommittees may be allowed like compensation for attending committee subcommittee meetings.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Entergy Corp /De/)