Common use of Compensation of Manager Clause in Contracts

Compensation of Manager. (a) Except as agreed to by the Members, the Manager shall not receive compensation in consideration of the performance of the duties and responsibilities of the Manager. However, the Manager shall be reimbursed for all costs and expenses incurred on behalf of the Company. Except as otherwise provided herein, neither the Manager nor any other Member shall be entitled to a fee for services to the Company in its capacity as a Member.

Appears in 2 contracts

Samples: Operating Agreement (Foreland Corp), Operating Agreement (Crown Energy Corp)

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Compensation of Manager. (a) Except as agreed to by the Membersmay be otherwise provided in writing, the Manager shall not receive compensation in consideration of the performance of the duties and responsibilities of the Manager. However, the Manager shall be reimbursed for all costs and expenses incurred on behalf of the Company. Except as otherwise provided herein, neither the Manager nor any other Member shall be entitled to a fee for services to receive any compensation or fees in connection with the organization, management, or operation of the Company in its capacity and the Property or for the reimbursement of any expenses, except as a Member.follows:

Appears in 1 contract

Samples: Operating Agreement

Compensation of Manager. (a) Except as agreed to by the Members, the The Manager shall not receive be entitled to any compensation or remuneration for acting in consideration of the Company's business; provided, however, that the Company shall reimburse the Manager for its actual expenses in performance of the duties and responsibilities of the Manager. However, the Manager shall be reimbursed for all costs and expenses incurred services on behalf of the Company. Except as otherwise provided herein, neither the Manager nor any other Member shall be entitled to a fee for services to the Company in its capacity as a Membermanner consistent with the Manager's actual authority under this Agreement, upon presentation of customary vouchers therefor.

Appears in 1 contract

Samples: Limited Liability Company Agreement (First Look Media Inc)

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Compensation of Manager. (a) Except as agreed to otherwise provided herein or as determined by the MembersMember, the Manager shall not receive compensation in consideration of the performance of the duties and responsibilities of the Manager. However, the Manager shall be reimbursed for all costs and expenses incurred on behalf of the Company. Except as otherwise provided herein, neither the Manager nor any other Member shall be entitled to a fee compensation for services to the Company solely in its capacity as a MemberManager.

Appears in 1 contract

Samples: Operating Agreement (WD Media, LLC)

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