Decisions by the Members. (a) Other than the Managing Member, the Members shall take no part in the management of the Company’s business, shall transact no business for the Company and shall have no power to act for or to bind the Company; provided, however, that the Company may engage any Member or principal, partner, member, shareholder or interest holder thereof as an employee, independent contractor or consultant to the Company, in which event the duties and liabilities of such individual or firm with respect to the Company as an employee, independent contractor or consultant shall be governed by the terms of such engagement with the Company.
Appears in 14 contracts
Samples: Operating Agreement (Clear Secure, Inc.), Operating Agreement (Clear Secure, Inc.), Operating Agreement (Clear Secure, Inc.)
Decisions by the Members. (a) Other than the Managing Member, the Members shall take no part in the management of the Company’s business, shall transact no business for the Company and shall have no power to act for or to bind the Company; provided, however, that the Company may engage any Member or principal, partner, member, shareholder or interest holder thereof as an employee, independent contractor or consultant to the Company, in which event the duties and liabilities of such individual or firm Person with respect to the Company as an employee, independent contractor or consultant consultant, as applicable, shall be governed by the terms of such engagement with the Company.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Fluence Energy, Inc.), Limited Liability Company Agreement (Fluence Energy, Inc.), Limited Liability Company Agreement (TPG Pace Solutions Corp.)
Decisions by the Members. (a) Other than the Managing MemberManager, the Members shall take no part in the management of the Company’s business, shall transact no business for the Company and shall have no power to act for or to bind the Company; provided, however, that the Company may engage any Member or principal, partner, member, shareholder or interest holder thereof as an employee, independent contractor or consultant to the Company, in which event the duties and liabilities of such individual or firm Person with respect to the Company as an employee, independent contractor or consultant consultant, as applicable, shall be governed by the terms of such engagement with the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Vacasa, Inc.), Limited Liability Company Agreement (Milan Laser Inc.)
