Remuneration To Members. Except as expressly otherwise authorized in, or pursuant to, this Agreement, no Member shall be entitled to remuneration for acting in the Company business.
Remuneration To Members. Except as otherwise specifically provided ----------------------- herein, no Member is entitled to remuneration for acting in the Company business, subject to the entitlement of Members winding up the affairs of the Company to reasonable compensation pursuant to Section 9.3.
Remuneration To Members. 11 4.7 Members Are Not Agents......................................12 4.8
Remuneration To Members. Except as otherwise specifically provided by the Board, no Member (acting solely in the capacity of a Member) is entitled to remuneration for acting in the Company business.
Remuneration To Members. Except as otherwise authorized in, or pursuant to, this Agreement, no Member is entitled to remuneration for acting in the Company business, subject to the entitlement of Manager or Members winding up the affairs of the Company to reasonable compensation pursuant to Section 10.3. Members who do render services to the Company are entitled to such compensation as may be agreed upon by the Manager from time to time. Any compensation paid to a Member for services rendered will be treated as an expense of the Company and a guaranteed payment within the meaning of IRC §707(c), and the amount of the compensation will not be charged against the share of profits of the Company that would otherwise be allocated to the Member.
Remuneration To Members. Except as otherwise specifically contemplated by this Agreement or in a separate agreement approved by the MMC, no Member is entitled to remuneration for acting in the support of Company Business.
Remuneration To Members. 7.1 An elected officer or member of ASSOCIATION shall be entitled to such remuneration paid to him / her in good faith in respect of any lawful services rendered and out of pocket expenses incurred in the business of the Association. Such remuneration shall not constitute payment by way of a dividend or bonus.
Remuneration To Members. Except as otherwise specifically provided in this Agreement, no Member is entitled to remuneration for acting in IMMERSION business.
Remuneration To Members. 9 ARTICLE 4.8 Members Are Not Agents................................................9 ARTICLE 4.9
Remuneration To Members. No Member shall receive any interest, salary, compensation, draw or reimbursement with respect to its Capital Contributions or its Capital Account. A Member may receive compensation or reimbursement for services rendered or expenses incurred on behalf of the Company or otherwise in its capacity as a Member, as provided in or contemplated by this Agreement or as may otherwise be authorized by the Managing Member, subject to Class W Prior Approval. Genius shall not be entitled to any compensation for services rendered to the Company solely in its capacity as Managing Member, except for reimbursement for reasonable expenses actually incurred by it on behalf of the Company.
