Common use of Compensation of Members Clause in Contracts

Compensation of Members. Except as may be expressly provided for herein or hereafter approved by the Executive Committee, no payment will be made by the LLC to either Member for the services of such Member or any member, shareholder, director or employee of such Member.

Appears in 2 contracts

Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)

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Compensation of Members. Except as may be expressly provided for herein or hereafter approved Approved by the Executive Committee, no payment will be made by the LLC to either any Member for the services of such Member or any member, shareholder, director or employee of such Member.

Appears in 1 contract

Samples: Operating Agreement

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Compensation of Members. Except as may be expressly provided for herein or hereafter approved by the Executive Committee, no payment will be made by the LLC to either any Member for the services of such Member or any member, shareholder, director or employee of such Member.

Appears in 1 contract

Samples: Operating Agreement (Vertical Computer Systems Inc)

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