Common use of Duties of Officers Generally Clause in Contracts

Duties of Officers Generally. Except as otherwise set forth in this Agreement, each officer shall owe to the Company and its Member the same fiduciary duties (including the duties of care and loyalty) that such individuals would owe to a Virginia corporation and its shareholders as an officer thereof.

Duties of Officers Generally. Except as otherwise set forth in this Agreement, each Each officer shall owe to the Company and its the Member the same fiduciary duties (including the duties of care and loyalty) loyalty that such individuals would owe to a Virginia corporation and its shareholders stockholders as an officer thereofthereof under the laws of the Commonwealth of Virginia.