Common use of Unit Holder Compensation Clause in Contracts

Unit Holder Compensation. No Unit Holder shall be paid any salary or fee for services in connection with the activities of the Company in his or her capacity as a Unit Holder and no such services shall be rendered.

Appears in 6 contracts

Samples: LLC Operating Agreement (Opening Night Enterprises, LLC), LLC Operating Agreement (Opening Night Enterprises, LLC), LLC Operating Agreement (Opening Night Enterprises, LLC)

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Unit Holder Compensation. No Unit Holder shall be paid any salary or fee for services in connection with the activities of the Company LLC in his or her capacity as a Unit Holder and no such services shall be rendered.

Appears in 1 contract

Samples: Operating Agreement (Spring Break '83 Production, LLC)

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