Common use of Compensation of Managers Clause in Contracts

Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managers.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (SIGECO Securitization I, LLC), Limited Liability Company Agreement (Atmos Energy Kansas Securitization I, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC)

AutoNDA by SimpleDocs

Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the MemberMembers, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managers.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC), Limited Liability Company Agreement (Reliant Energy Services Inc), Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC)

Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managersmanagers.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC)

Compensation of Managers. Managers, as such, shall not receive any stated salary for their servicesservices as managers, but shall receive such compensation for their services as by resolution of the Board of Managers a fixed sum and expense of attendance, if any, may be from time to time approved by allowed for attendance at each regular and special meeting of the Member, Board; provided that nothing herein contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managerstherefor.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (RedCo Group, Inc.), Limited Liability Company Operating Agreement (Molina Healthcare Inc)

Compensation of Managers. ManagersNo Manager, as such, shall not receive any stated salary for their his services, but shall receive such compensation for their his services as may be from time to time approved agreed upon by a Majority of the Member, provided that nothing contained Managers subject to the approval of a Majority in this Agreement shall preclude any Manager from serving Interest of the Company in any other capacity and receiving compensation for serviceMembers. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the Managers, provided that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such service.

Appears in 2 contracts

Samples: Operating Agreement (Advanced Na, LLC), Operating Agreement (Health Diagnostics of New Jersey, LLC)

Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved agreed upon by the Member, provided that nothing contained affirmative vote of a Majority in this Agreement shall preclude any Manager from serving Interest of the Company in any other capacity and receiving compensation for serviceMembers. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the Managers, provided that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for that service.

Appears in 2 contracts

Samples: Company Agreement (Cabana Beverages, Inc.), Company Agreement (Cabana Beverages, Inc.)

Compensation of Managers. The Managers may be paid their expenses of attendance at each meeting of the Board of Managers; however, as such, Managers shall not receive any stated salary for their services, but shall receive such compensation for their services serving as may be from time a Manager or as a member of any committee of the Board of Managers, except pursuant to time approved by the Member, provided that nothing contained Company’s Long-term Incentive Plan adopted in this Agreement accordance with Section 8.7(b). This provision shall not preclude any Manager from serving as an officer of the Company or in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managerstherefor.

Appears in 1 contract

Samples: Operating Agreement (Comstock Resources Inc)

Compensation of Managers. Managers, as such, shall not Managers may receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managers. Nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such service.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greyhound Funding LLC)

Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time be approved by vote of the Member, provided that nothing contained Members at an annual meeting or a special meeting called for such purpose. Nothing in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managerssuch purposes.

Appears in 1 contract

Samples: Company Agreement (Martin Midstream Partners Lp)

Compensation of Managers. Managers, as such, shall not Managers may receive any stated salary amount for their services, but shall receive such compensation for their services as may be from time to time approved determined by the MemberBoard of Managers, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Board of Managers. Nothing contained in this Agreement shall be construed to preclude any Manager (other than an Independent Manager) from serving the Company or any Affiliate in any other capacity and receiving compensation for such service.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Scotia Pacific Co LLC)

AutoNDA by SimpleDocs

Compensation of Managers. Except as provided in any written employment agreement or as approved by all Class A Members, Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation reimbursement for their services as may be from time out-of-pocket expenses related to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at 5230180v8 each regular or special meeting of the ManagersBoard and reasonably incurred when acting or conducting business on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Good Times Restaurants Inc)

Compensation of Managers. The Managers may be paid their expenses of attendance at each meeting of the Board of Managers; however, as such, Managers shall not receive any stated salary for their services, but shall receive such compensation for their services serving as may be from time a Manager or as a member of any committee of the Board of Managers, except pursuant to time approved by the Member, provided that nothing contained Company's Long-term Incentive Plan adopted in this Agreement accordance with Section 8.7(b). This provision shall not preclude any Manager from serving as an officer of the Company or in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managerstherefor.

Appears in 1 contract

Samples: Operating Agreement (Bois D Arc Energy LLC)

Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved agreed upon by a Majority in Interest of the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for serviceMembers. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the ManagersManagers if approved by the affirmative vote of a Majority in Interest of the Members, provided that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such service.

Appears in 1 contract

Samples: Operating Agreement (Texas San Macros Treatment Center Lp)

Compensation of Managers. Except as otherwise provided by the Management Agreement, Managers, as such, shall not receive any stated salary for their services, but shall receive such reasonable compensation for their services as may be from time to time approved agreed upon by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for serviceBoard. In addition, a fixed sum and reimbursement for out-of-pocket expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the ManagersBoard; provided, that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company or any of its subsidiaries in any other capacity and receiving compensation for such service (including as an officer, director or employee of the Management Company).

Appears in 1 contract

Samples: Operating Agreement (WQN, Inc.)

Compensation of Managers. Managers, as such, shall not Managers may receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Managers. Nothing contained in this Agreement shall be construed to preclude any Manager from serving the Issuer in any other capacity and receiving compensation for such service.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Greyhound Funding LLC)

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