Personal Service. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Members, no Member shall be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.
Appears in 7 contracts
Samples: Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (DMTR LLC), Operating Agreement (West Village Gym at the Archives LLC)
Personal Service. 5.3.1. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Members, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company.
5.3.2. However, upon substantiation of the amount and purpose thereof, the The Members shall be entitled to reimbursement for expenses reasonably incurred incurred, and advances reasonably made, in connection with the activities furtherance of the Companybusiness of the Company upon substantiation of the amount and purpose therefor.
Appears in 1 contract
Samples: Operating Agreement (O Gara Co)
Personal Service. 5.3.1. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the MembersMembers or specified herein, no Member shall be obligated to perform services for the Company or be entitled to compensation for services performed for the Company.
5.3.2. However, upon substantiation The Members shall have the right to contract on behalf of the amount and purpose thereof, Company with independent contractors for the Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities rendition of the Companyservices.
Appears in 1 contract
Samples: Operating Agreement (Rotary Power International Inc)
Personal Service. 6.3.1. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the MembersManagers, and subject to the other provisions of this Agreement, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company.
6.3.2. However, upon substantiation of the amount and purpose thereof, the Members The Managers shall be entitled to reimbursement for out-of- pocket expenses reasonably incurred in connection with the activities of the Company, provided such expenses shall not include a Manager's general overhead expenses, salaries or benefits of its employees, or other expenses not directly related to the Company.
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Personal Service. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Members, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. However, upon Upon substantiation of the amount and purpose purposes thereof, the Members however, a Member shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.
Appears in 1 contract
Samples: Operating Agreement (Glk, LLC)
Personal Service. No Except as otherwise provided in this Agreement, no Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the MembersBoard of Managers, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.
Appears in 1 contract
