Common use of Compensation of the Managers Clause in Contracts

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.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Atlantic Broadband Management, LLC), Limited Liability Company Agreement (Language Line Costa Rica, LLC), Limited Liability Company Agreement (Atlantic Broadband Management, LLC)

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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 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 subsidiaries in any other capacity and receiving reasonable compensation for such service.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (IDQ Operating, Inc.), Limited Liability Company Agreement (IDQ Operating, Inc.), Limited Liability Company Agreement (Armored AutoGroup Inc.)

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 majority of the Board. In addition, a fixed sum and expenses of attendance, if any, Managers may be allowed reimbursed by the Company for attendance at each expenses incurred to attend regular or special meeting meetings of the Board, provided that nothing . Nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company or any of its Subsidiaries direct or indirect subsidiaries in any other capacity and receiving reasonable compensation for such service.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Nuwave Solutions, L.L.C.), Operating Agreement (Nuwave Solutions, L.L.C.), Operating Agreement (Nuwave Solutions, L.L.C.)

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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 majority of the BoardBoard of Managers. In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the BoardBoard of Managers, provided that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company or any of its Subsidiaries subsidiaries in any other capacity and receiving reasonable compensation for such service.

Appears in 1 contract

Samples: Business Combination Agreement (L&F Acquisition Corp.)

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