Compensation of Members. The Members shall be reimbursed for all expenses incurred in managing the Company and shall, at the election of the Members, be entitled to compensation for its management services, in an amount to be determined from time to time by the Members.
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Samples: Limited Liabilty Company Agreement (William Underwood Co), Limited Liabilty Company Agreement (William Underwood Co), Limited Liabilty Company Agreement (William Underwood Co)
Compensation of Members. The Members Each Member shall be reimbursed for all proper, direct expenses incurred in managing it reasonably incurs on behalf of the Company and shall, at the election of the Members, be entitled to compensation for in performing its management services, in an amount to be determined from time to time duties as a Member upon delivery by the MembersMember to the Company of a detailed invoice (including amounts paid to any Person to perform services for the Company).
Appears in 1 contract
Samples: Limited Liability Company Agreement (PetroLogistics LP)
Compensation of Members. The Members Each Member shall be reimbursed for all reasonable expenses incurred in managing the Company and shall, at the election on behalf of the MembersCompany. A Member's entitlement to compensation, be entitled to compensation for its management servicesif any, in an amount to shall be determined from time to time by the MembersManaging Member(s).
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