Common use of Compensation of Managers Clause in Contracts

Compensation of Managers. No Manager shall be entitled to compensation for his or her services as a Manager of the Company, unless otherwise determined by the Board of Managers.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Limited Liability Company Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Limited Liability Company Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

AutoNDA by SimpleDocs

Compensation of Managers. No Manager shall be entitled to receive compensation for his or her services as a Manager management and supervision of the Company’s business, unless otherwise determined a reasonable amount of compensation is agreed to by the Board majority consent of the disinterested Managers.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Compensation of Managers. No Manager shall be entitled to receive any compensation for his or her its services as a Manager of the CompanyManager, unless otherwise determined by the Board consent of Managersall Members.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.), Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.)

Compensation of Managers. No Manager shall be entitled to receive compensation for his or her services as a Manager management and supervision of the Company's business, unless otherwise determined a reasonable amount of compensation is agreed to by the Board majority consent of the disinterested Managers.

Appears in 1 contract

Samples: Operating Agreement

Compensation of Managers. No Unless the Board of Managers determines that the Managers are entitled to compensation from the Company for duties performed as a Manager, no Manager shall be entitled to compensation from the Company for his or her services duties performed as a Manager of the Company, unless otherwise determined by the Board of ManagersManager.

Appears in 1 contract

Samples: Operating Agreement (Quad/Graphics Kingsport LLC)

AutoNDA by SimpleDocs

Compensation of Managers. No Manager Unless the Board of Managers otherwise determines, Managers shall not be entitled to any compensation for his or her their services as a Manager of managers. Any manager may serve the Company, unless otherwise Company in such other capacities and be entitled to such compensation therefor as is determined by the Board of Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Plaid Brothers Software, Inc.)

Compensation of Managers. No Manager shall be entitled to receive any compensation for his or her services as a Manager of the CompanyManager, unless otherwise determined by the Board unanimous consent of Managersthe Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.