Personal Service. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Members, no Member shall be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.
Appears in 7 contracts
Samples: Operating Agreement (West Village Gym at the Archives LLC), Archives LLC Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)
Personal Service. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Members, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. However, upon Upon substantiation of the amount and purpose purposes thereof, the Members however, a Member shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.
Appears in 1 contract
Samples: Operating Agreement (Glk, LLC)
Personal Service. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless set forth herein or approved by the MembersManager, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Members shall Company or be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Companyexpenses.
Appears in 1 contract
Samples: Operating Agreement (Kti Inc)
Personal Service. 5.3.1. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the MembersMembers or specified herein, no Member shall be obligated to perform services for the Company or be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.
Appears in 1 contract
Samples: Operating Agreement (Rotary Power International Inc)