Common use of Member Compensation Clause in Contracts

Member Compensation. No Member shall receive any interest, salary, or draw for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in Section 5.4(b).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc)

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Member Compensation. No Member shall receive any interest, salary, or draw for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in Section 5.4(b5.6(b). Notwithstanding the foregoing, the parties hereto acknowledge the fees payable pursuant to the Fee Letters.

Appears in 1 contract

Samples: Limited Liability Company Agreement (At&t Inc.)

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Member Compensation. No Member shall receive any interest, salary, or draw for services rendered on behalf of the Company, or otherwise, in its capacity as a Member, except as otherwise provided in Section 5.4(b5.6(b). Notwithstanding the foregoing, the parties hereto acknowledge the fees payable pursuant to the applicable Fee Letter.

Appears in 1 contract

Samples: Limited Liability Company Agreement (At&t Inc.)

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