{"component": "clause", "props": {"groups": [{"snippet": "The Manager or its members shall receive an allocation of Profits and Losses and a right to Distributions from the Company in accordance with Articles 4 and 5 hereof. 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Any management fee due to any sub-property manager shall be paid by deducting such amount from the Compensation. As used herein, \"Gross Revenue\" shall mean the entire amount of all revenue, determined on an accrual basis, from (a) tenant rentals collected pursuant to tenant leases of apartment units, for each month during the term hereof; provided that there shall be excluded from tenant rentals any tenant security deposits (except as provided below); (b) cleaning, tenant security and damage deposits forfeited by tenants in such period; (c) laundry and vending machines income; (d) any and all other receipts from the operation of the Property received and relating to the period in question; (e) proceeds from rental interruption insurance, but not any other insurance proceeds or proceeds from third-party damage claims, and (f) any other sums and charges collected in connection with termination of the tenant leases. Gross Revenue does not include the proceeds of (i) any sale, exchange, refinancing, condemnation, or other disposition of all or any part of the Property, (ii) any loans to Owner whether or not secured by all or any part of the Property, (iii) any capital expenditures or funds deposited to cover costs of operations made by Owner, and (iv) any insurance policy (other than rental interruption insurance or proceeds from third-party damage claims). Such compensation shall be in addition to all costs and expenses for which Manager is to be reimbursed related to Manager's performance of the obligations set forth in Section 3(a) through 3(i) of this Management Agreement. Any or all of the Compensation may be accrued until the sale of the Property. Notwithstanding the foregoing, Owner shall also be responsible for paying any construction management fees that Manager is obligated to pay to any sub-property mangers for the Property.", "size": 16, "samples": [{"hash": "iUnICkzAdYF", "uri": "/contracts/iUnICkzAdYF#managers-compensation", "label": "Asset Management Agreement (Resource Real Estate Investors 7, L.P.)", "score": 19.5147151947, "published": true}, {"hash": "5zkJLmcz9j9", "uri": "/contracts/5zkJLmcz9j9#managers-compensation", "label": "Asset Management Agreement (Resource Real Estate Investors 7, L.P.)", "score": 19.3258037567, "published": true}, {"hash": "8mVRY6f63K4", "uri": "/contracts/8mVRY6f63K4#managers-compensation", "label": "Asset Management Agreement (Resource Real Estate Investors 6 LP)", "score": 19.0, "published": true}], "snippet_links": [{"key": "asset-management-responsibilities", "type": "definition", "offset": [59, 92]}, {"key": "with-respect-to", "type": "clause", "offset": [93, 108]}, {"key": "in-accordance-with", "type": "definition", "offset": [122, 140]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [145, 168]}, {"key": "annual-asset-management-fee", "type": "clause", "offset": [173, 200]}, {"key": "equal-to", "type": "definition", "offset": [219, 227]}, {"key": "five-percent", "type": "clause", "offset": [228, 240]}, {"key": "gross-revenue", "type": "clause", "offset": [253, 266]}, {"key": "property-manager", "type": "definition", "offset": [342, 358]}, {"key": "the-compensation", "type": "clause", "offset": [403, 419]}, {"key": "accrual-basis", "type": "clause", "offset": [515, 528]}, {"key": "tenant-leases", "type": "definition", "offset": [576, 589]}, {"key": "apartment-units", "type": "definition", "offset": [593, 608]}, {"key": "during-the-term", "type": "clause", "offset": [625, 640]}, {"key": "provided-that", "type": "definition", "offset": [649, 662]}, {"key": "from-tenant", "type": "clause", "offset": [687, 698]}, {"key": "tenant-security-deposits", "type": "clause", "offset": [711, 735]}, {"key": "security-and-damage-deposits", "type": "clause", "offset": [785, 813]}, {"key": "vending-machines", "type": "clause", "offset": [867, 883]}, {"key": "other-receipts", "type": "clause", "offset": [908, 922]}, {"key": "operation-of-the-property", "type": "definition", "offset": [932, 957]}, {"key": "relating-to", "type": "definition", "offset": [971, 982]}, {"key": "the-period", "type": "clause", "offset": [983, 993]}, {"key": "rental-interruption-insurance", "type": "clause", "offset": [1025, 1054]}, {"key": "other-insurance-proceeds", "type": "definition", "offset": [1068, 1092]}, {"key": "damage-claims", "type": "definition", "offset": [1122, 1135]}, {"key": "other-sums", "type": "clause", "offset": [1149, 1159]}, {"key": "and-charges", "type": "clause", "offset": [1160, 1171]}, {"key": "the-tenant", "type": "clause", "offset": [1216, 1226]}, {"key": "disposition-of", "type": "clause", "offset": [1342, 1356]}, {"key": "to-owner", "type": "clause", "offset": [1405, 1413]}, {"key": "capital-expenditures", "type": "definition", "offset": [1483, 1503]}, {"key": "funds-deposited", "type": "clause", "offset": [1507, 1522]}, {"key": "costs-of-operations", "type": "definition", "offset": [1532, 1551]}, {"key": "by-owner", "type": "definition", "offset": [1557, 1565]}, {"key": "insurance-policy", "type": "definition", "offset": [1580, 1596]}, {"key": "in-addition-to", "type": "clause", "offset": [1711, 1725]}, {"key": "costs-and-expenses", "type": "definition", "offset": [1730, 1748]}, {"key": "to-manager", "type": "clause", "offset": [1795, 1805]}, {"key": "performance-of-the-obligations", "type": "clause", "offset": [1808, 1838]}, {"key": "management-agreement", "type": "clause", "offset": [1886, 1906]}, {"key": "sale-of-the-property", "type": "clause", "offset": [1964, 1984]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1986, 2015]}, {"key": "responsible-for", "type": "clause", "offset": [2037, 2052]}, {"key": "construction-management-fees", "type": "clause", "offset": [2064, 2092]}, {"key": "pay-to", "type": "definition", "offset": [2122, 2128]}], "hash": "69b16f26b3fdb7a221ea0d6fd7f859ca", "id": 5}, {"snippet": "The Manager or its members shall receive an allocation of Profits and Losses and a right to Distributions from the Company in accordance with Articles 4 and 5 hereof. Further, they shall be reimbursed for all out-of-pocket expenses incurred in connection with the organization and offering of the Company. However, the Manager will only request reimbursement once the Company has raised more than $1million and will limit such reimbursement to $100,000 should only $1million be raised.", "size": 15, "samples": [{"hash": "1ipsBFKP8if", "uri": "/contracts/1ipsBFKP8if#managers-compensation", "label": "Operating Agreement (Cardone Equity Fund IX, LLC)", "score": 31.069814682, "published": true}, {"hash": "4vt0gjcozkl", "uri": "/contracts/4vt0gjcozkl#managers-compensation", "label": "Operating Agreement (HIS Capital Fund III, LLC)", "score": 30.7837104797, "published": true}, {"hash": "8BdyNcUhf7v", "uri": "/contracts/8BdyNcUhf7v#managers-compensation", "label": "Operating Agreement (Cardone Equity Fund VI, LLC)", "score": 30.2826824188, "published": true}], "snippet_links": [{"key": "the-manager", "type": "clause", "offset": [0, 11]}, {"key": "allocation-of-profits-and-losses", "type": "clause", "offset": [44, 76]}, {"key": "right-to-distributions", "type": "clause", "offset": [83, 105]}, {"key": "in-accordance-with", "type": "definition", "offset": [123, 141]}, {"key": "expenses-incurred", "type": "definition", "offset": [223, 240]}, {"key": "in-connection-with", "type": "clause", "offset": [241, 259]}, {"key": "organization-and", "type": "clause", "offset": [264, 280]}, {"key": "of-the-company", "type": "clause", "offset": [290, 304]}, {"key": "the-company-has", "type": "clause", "offset": [364, 379]}], "hash": "d33dfb867a0d97437efc149d3788ceb8", "id": 6}, {"snippet": "The Manager shall receive such compensation as may be determined by the Majority Vote of the Members.", "size": 11, "samples": [{"hash": "9InxkCdwAgw", "uri": "/contracts/9InxkCdwAgw#managers-compensation", "label": "Operating Agreement", "score": 29.3408622742, "published": true}, {"hash": "jMURCZi4ivI", "uri": "/contracts/jMURCZi4ivI#managers-compensation", "label": "Operating Agreement (Chaparral CO2, L.L.C.)", "score": 21.0, "published": true}, {"hash": "j5M6mv5ajpB", "uri": "/contracts/j5M6mv5ajpB#managers-compensation", "label": "Merger Agreement (Chaparral Energy, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-manager", "type": "clause", "offset": [0, 11]}, {"key": "majority-vote-of-the-members", "type": "definition", "offset": [72, 100]}], "hash": "436fe83a11ace1662066c0fb27083f71", "id": 8}, {"snippet": "The Members, acting by a majority in interest, shall have authority to determine, from time to time, the amount of compensation, if any, which shall be paid the Managers for their services. Nothing herein contained shall be construed to preclude a Manager from serving the Company in any other capacity and receiving proper compensation therefor.", "size": 7, "samples": [{"hash": "cgf6zqwiJGl", "uri": "/contracts/cgf6zqwiJGl#managers-compensation", "label": "Operating Agreement (American Materials Transport, Inc.)", "score": 21.0, "published": true}, {"hash": "aj3rMq3g2MT", "uri": "/contracts/aj3rMq3g2MT#managers-compensation", "label": "Operating Agreement (American Materials Transport, Inc.)", "score": 21.0, "published": true}, {"hash": "8W85TqafZIR", "uri": "/contracts/8W85TqafZIR#managers-compensation", "label": "Operating Agreement (Pacific Custom Materials Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "a-majority-in-interest", "type": "clause", "offset": [23, 45]}, {"key": "to-determine", "type": "definition", "offset": [68, 80]}, {"key": "from-time-to-time", "type": "clause", "offset": [82, 99]}, {"key": "amount-of-compensation", "type": "clause", "offset": [105, 127]}, {"key": "the-managers", "type": "clause", "offset": [157, 169]}, {"key": "company-in", "type": "clause", "offset": [273, 283]}], "hash": "637c6999cfce3c4b3704ad5e9281cef4", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5tYW5hZ2Vycy1jb21wZW5zYXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["formation-name-purposes", "Formation, Name, Purposes"], ["management", "Management"], ["management-by-managers", "Management by Managers"], ["management-of-the-company-the-board-of-managers-officers", "MANAGEMENT OF THE COMPANY;                          THE BOARD OF MANAGERS; OFFICERS"], ["transfer-additional-and-substitute-members", "Transfer; Additional and Substitute Members"]], "size": 481, "title": "Managers Compensation", "children": [["audit-adjustment", "Audit Adjustment"], ["management-fees", "Management Fees"], ["leasing-fees", "Leasing Fees"], ["additional-fees", "Additional Fees"], ["management-fee", "Management Fee"]], "id": "managers-compensation", "related": [["advisers-compensation", "Adviser\u2019s Compensation", "Adviser\u2019s Compensation"], ["extra-compensation", "Extra Compensation", "Extra Compensation"], ["executive-compensation", "Executive Compensation", "Executive Compensation"], ["management-compensation", "Management Compensation", "Management Compensation"], ["employees-compensation", "Employees' Compensation", "Employees' Compensation"]], "related_snippets": [], "updated": "2025-09-19T04:27:13+00:00", "also_ask": ["What are the most negotiable elements of the manager\u2019s compensation structure?", "Which compensation components are essential to include to avoid ambiguity or disputes?", "What are the primary legal risks or pitfalls in typical manager compensation clauses?", "How does this compensation clause compare to industry standards or statutory requirements?", "What factors most influence a court\u2019s decision to enforce or modify a manager\u2019s compensation provision?"], "drafting_tip": "Specify compensation structure and payment terms to prevent disputes; define adjustment mechanisms to address future changes; clarify reimbursement policies to ensure transparency.", "explanation": "The MANAGER\u2019S COMPENSATION clause defines how and when the manager of a project, property, or business will be paid for their services. It typically outlines the structure of compensation, such as fixed fees, percentages of revenue, or performance-based bonuses, and may specify payment intervals and any reimbursable expenses. This clause ensures both parties have a clear understanding of the manager\u2019s financial entitlements, reducing the risk of disputes over payment and aligning expectations regarding compensation."}, "json": true, "cursor": ""}}