Managers Compensation. The Members, acting by a majority in interest, shall have authority to determine, from time to time, the amount of compensation, if any, which shall be paid the Managers for their services. Nothing herein contained shall be construed to preclude a Manager from serving the Company in any other capacity and receiving proper compensation therefor.
Appears in 4 contracts
Samples: Operating Agreement (Pacific Custom Materials Inc), Operating Agreement (American Materials Transport, Inc.), Operating Agreement (American Materials Transport, Inc.)
Managers Compensation. The Members, acting by a majority in interest, Member shall have authority to determine, from time to time, the amount of compensation, if any, which shall be paid the Managers for their services. Nothing herein contained shall be construed to preclude a either Manager from serving the Company in any other capacity and receiving proper compensation therefor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Georesources Inc)
Managers Compensation. The Members, acting by a majority Majority in interestInterest, shall have authority to determine, from time to time, the amount of compensation, if any, which shall be paid the Managers for their services. Nothing herein contained shall be construed to preclude a either Manager from serving the Company in any other capacity and receiving proper compensation therefor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NBL Texas, LLC)
Managers Compensation. The Members, acting by a majority Majority in interestInterest, shall have authority to determine, from time to time, the amount of compensation, if any, which shall be paid the Managers for their services. Nothing herein contained shall be construed to preclude a any Manager from serving the Company in any other capacity and receiving proper compensation therefor.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Clayton Williams Energy Inc /De)
