Compensation of the Managers. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, each Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate as set forth on the Exhibit executed with respect to such Fund and attached hereto. The average value of the daily net assets of a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund’s net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).
Compensation of the Managers. 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 agreed upon by the Member or by a Majority of the Board. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the Board, 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 reasonable compensation for such service.
Compensation of the Managers. No Manager shall be entitled to any compensation from the Company for performing the duties of a Manager hereunder, other than as may be determined by the Member.
Compensation of the Managers. Managers shall not receive any stated salary for their services as Managers, but the Sole Member may authorize the payment to Managers of their expenses of attendance, if any, for each regular or special meeting of the Board or committee thereof attended; provided, however, that nothing herein contained shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation therefor.
Compensation of the Managers. Managers, as such, shall not receive any stated salary for their services as a Manager, but shall receive such compensation for their services as may be from time to time agreed upon by a majority of the disinterested members of the Board, including at least two Investor Managers. In addition, Managers (and observers designated pursuant to Section 3.1(i) below) shall be entitled to reimbursement for the reasonable out-of-pocket expenses (incurred in accordance with any written Company policies which Managers have received), if any, incurred in attending all Board and any committee meetings, as well as other expenses approved by the Board in connection with their work on behalf of the Company; 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.
Compensation of the Managers. The Company will compensate Managers for their service. The compensation will be the lower of (a) one half (1/2) the Manager’s annual dues or (b) nine hundred dollars ($900). The Members may change the compensation by a Super-Majority vote in favor of the change.
Compensation of the Managers. The Managers shall devote such time and attention to their duties as such as in their reasonable judgment may be necessary for the proper performance thereof. The Managers may receive such compensation, if any, for their services as may be reasonably fixed or determined by resolution from time to time of the Managers. The Managers shall also be entitled to reimbursement of reasonable expenses incurred by the Managers in connection with performing their duties as the Managers. Nothing in this
Compensation of the Managers. The Managers shall be reimbursed for all reasonable expenses incurred in managing the Company and may be compensated, in an amount to be determined from time to time by the Member.
Compensation of the Managers. The Managers shall not be paid compensation for their service as a Manager.
Compensation of the Managers. Unless otherwise specifically determined in writing by the Member in its sole discretion, the Managers shall not be entitled to any compensation in connection with the management services that they render to the Company. Notwithstanding the foregoing, any reasonable expenses incurred by the Managers in connection with the operation or affairs of the Company shall be reimbursed by the Company as appropriate.
