Common use of Compensation of Managers; Expenses Clause in Contracts

Compensation of Managers; Expenses. The Managers shall be entitled compensation for their services as Managers as determined by the Corporation in its sole discretion. Managers shall be paid their expenses, if any, of attendance at meetings of the Board or any committee thereof. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Finance of America Companies Inc.), Limited Liability Company Agreement (Replay Acquisition Corp.)

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Compensation of Managers; Expenses. The Managers Each Manager shall be entitled to such reasonable compensation as the Board shall determine for their services as Managers as determined by his or her service on the Corporation in its sole discretion. Managers shall be paid their expensesBoard, if any, of for his or her attendance at meetings of the Board and any of its committees, for his or any committee thereofher expenses incident thereto, and for his or her service to the Company. No such payment shall preclude any Manager from serving the Company or any Affiliate thereof in any other capacity and receiving compensation therefortherefore.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Petro River Oil Corp.)

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Compensation of Managers; Expenses. The Managers Each Manager shall be entitled to such reasonable compensation as the Board shall determine for their services as Managers as determined by his or her service on the Corporation in its sole discretion. Managers shall be paid their expensesBoard, if any, of for his or her attendance at meetings of the Board and any of its committees, for his or any committee thereofher expenses incident thereto, and for his or her service to the Company. No such payment shall preclude any Manager from serving the Company or any Affiliate thereof in any other capacity and receiving compensation therefor.

Appears in 1 contract

Samples: Subscription Agreement (Petro River Oil Corp.)

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