Common use of Persons Employed by the Company Clause in Contracts

Persons Employed by the Company. The board of managers ------------------------------- may cause the Company to employ and compensate such persons, firms or corporations, including, but not limited to, accountants and attorneys, as it deems advisable or necessary to carry on, assist or promote the Company's business. In addition, the board may utilize the services of persons employed by related persons or entities for tax, accounting, personnel and other similar services rendered to the Company. The fact that any Member or any member of the board of managers, or a person associated with any Member or any member of the board of managers, is employed by, or is directly or indirectly interested in or connected with, any person, firm or corporation employed by the Company to render or perform any service shall not prohibit the board of managers from employing or otherwise dealing with that person, firm or corporation, and the Company shall not have any rights in or to any income or profits derived therefrom.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Gem Nevada LLC), Limited Liability Company Agreement (Gem Nevada LLC), Limited Liability Company Agreement (Gem Nevada LLC)

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Persons Employed by the Company. The board of ------------------------------- managers ------------------------------- may cause the Company to employ and compensate such persons, firms or corporations, including, but not limited to, accountants and attorneys, as it deems advisable or necessary to carry on, assist or promote the Company's business. In addition, the board may utilize the services of persons employed by related persons or entities for tax, accounting, personnel and other similar services rendered to the Company. The fact that any Member or any member of the board of managers, or a person associated with any Member or any member of the board of managers, is employed by, or is directly or indirectly interested in or connected with, any person, firm or corporation employed by the Company to render or perform any service shall not prohibit the board of managers from employing or otherwise dealing with that person, firm or corporation, and the Company shall not have any rights in or to any income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gem Nevada LLC)

Persons Employed by the Company. The board of managers may ------------------------------- may cause the Company to employ and compensate such persons, firms or corporations, including, but not limited to, accountants and attorneys, as it deems advisable or necessary to carry on, assist or promote the Company's business. In addition, the board may utilize the services of persons employed by related persons or entities for tax, accounting, personnel and other similar services rendered to the Company. The fact that any Member or any member of the board of managers, or a person associated with any Member or any member of the board of managers, is employed by, or is directly or indirectly interested in or connected with, any person, firm or corporation employed by the Company to render or perform any service shall not prohibit the board of managers from employing or otherwise dealing with that person, firm or corporation, and the Company shall not have any rights in or to any income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gem Nevada LLC)

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Persons Employed by the Company. The board of managers may ------------------------------- may cause the Company to employ and compensate such persons, firms or corporations, including, but not limited to, accountants and attorneys, as it deems advisable or necessary to carry on, assist or promote the Company's business. In addition, the board Member may utilize the services of persons employed by related persons or entities for tax, accounting, personnel and other similar services rendered to the Company. The fact that any Member the Member, or any member of the board of managers, managers or a person associated with any the Member or any member of the board of managers, is employed by, or is directly or indirectly interested in or connected with, any person, firm or corporation employed by the Company to render or perform any service shall not prohibit the board of managers from employing or otherwise dealing with that person, firm or corporation, and the Company shall not have any rights in or to any income or profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gem Nevada LLC)

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