Common use of Compensation of Members Clause in Contracts

Compensation of Members. Except as expressly permitted by this Agreement or any other duly authorized and approved written agreement, the LLC shall pay no compensation to any Member or any Principal of any Member for their services to the LLC.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Emvelco Corp.), Limited Liability Company Operating Agreement (Euroweb International Corp)

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Compensation of Members. Except as expressly permitted by this Agreement or any other duly authorized and approved written agreement, the LLC shall pay no compensation to any Member or any Principal of any Member for their services to the LLC.

Appears in 2 contracts

Samples: Company Operating Agreement (Kennedy Wilson Inc), Limited Liability Company Operating Agreement (Tsecrp Inc)

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Compensation of Members. Except as expressly permitted by this ----------------------- Agreement or any other duly authorized and approved written agreement, the LLC shall pay no compensation to any Member or any Principal of any Member for their services to the LLC.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Demattos Carlos D)

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