Common use of SALARIES AND EXPENSES Clause in Contracts

SALARIES AND EXPENSES. The Members may determine that the Company may (i) pay to any or all of the Managers a salary as compensation for such Manager’s services rendered to the Company and (ii) reimburse each Manager for his expenses reasonably incurred in performing such Manager’s services to the Company. Such salaries and expenses shall be treated as expenses of the Company and shall not be deemed to constitute distributions to the recipient of any profit, loss or capital of the Company.

Appears in 4 contracts

Samples: Operating Agreement, Limited Liability Company Agreement (Nevada Property 1 LLC), Operating Agreement (Nevada Property 1 LLC)

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