Common use of Managers Compensation Clause in Contracts

Managers Compensation. The Manager or its members shall receive an allocation of Profits and Losses and a right to Distributions from the Company in accordance with Articles 4 and 5 hereof. Further, they shall be reimbursed for all out-of-pocket expenses incurred in connection with the organization and offering of the Company. However, the Manager will only request reimbursement once the Company has raised more than $1million and will limit such reimbursement to $100,000 should only $1million be raised.

Managers Compensation. The Manager or its members shall receive an allocation of Profits and Losses and a right to Distributions from the Company in accordance with Articles 4 and 5 hereof. Further, they shall be reimbursed for all out-of-pocket expenses incurred in connection with the organization and offering of the Company. However, the Manager will only request reimbursement once the Company has raised more than One Million Dollars ($1million 1,000,000) and will limit such reimbursement to One Hundred Thousand Dollars ($100,000 100,000) should only $1million 1 Million be raised.