Common use of No Salary Clause in Contracts

No Salary. Except upon the affirmative Vote of all Members, no --------- Member or Affiliate will be entitled to any salary or other form of compensation paid by the Company for services rendered to the Company. The foregoing prohibition will not apply to a Member's allocation of any Profits pursuant to Article 4 or receipt of any Distribution contemplated by this Agreement pursuant to Article 5 or Article 12.

Appears in 3 contracts

Samples: Operating Agreement (FLN Finance Inc), Operating Agreement (FLN Finance Inc), Operating Agreement (FLN Finance Inc)

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No Salary. Except upon the affirmative Vote of all Members, no Member --------- Member or Affiliate will be entitled to any salary or other form of compensation paid by the Company for services rendered to the Company. The foregoing prohibition will not apply to a Member's allocation of any Profits pursuant to Article 4 or receipt of any Distribution contemplated by this Agreement pursuant to Article 5 or Article 12.

Appears in 2 contracts

Samples: Operating Agreement (FLN Finance Inc), Operating Agreement (FLN Finance Inc)

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