Common use of Personal Services Clause in Contracts

Personal Services. 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 Manager, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by Members, the Manager shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Manager shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 5 contracts

Sources: Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP)

Personal Services. 5.3.1. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the ManagerManagement Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. (b) Unless approved by Members holding 51% more than fifty percent (50%) of the Percentages then held by MembersVoting Interests, the no General Manager shall not be entitled to compensation for services performed for the CompanyCompany in that capacity. However, upon substantiation of the amount and purpose thereof, the a General Manager shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 5 contracts

Sources: Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC), Operating Agreement (Advanced Na, LLC)

Personal Services. 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 ManagerMembers, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by Members, the Manager shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Manager Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Ipr LLC), Operating Agreement (New Holland Credit Company, LLC), Limited Liability Company Agreement (Yeah Iptv)

Personal Services. 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 Manager, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by Members, the Manager shall not be entitled to compensation for services performed for the Company. However, upon Upon substantiation of the amount and purpose thereof, however, the Manager Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 4 contracts

Sources: Operating Agreement, Operating Agreement (Fair-Haired Dumbbell LLC), Operating Agreement (Fair-Haired Dumbbell LLC)

Personal Services. 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 ManagerMembers, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by Members, the Manager shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereofthereof in accordance with the policies of the Company, the Manager Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement

Personal Services. 5.3.1. 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 ManagerManagement Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. 5.3.2 Unless approved by Members holding 51% majority of the aggregate Percentages then held by Members, the Manager Management Committee shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Manager Management Committee shall be entitled to reimbursement for expenses reasonably incurred incurred, and advances reasonably made, in connection with furtherance of the activities business of the Company.

Appears in 2 contracts

Sources: Operating Agreement (InSight Imaging Services Corp.), Operating Agreement (InSight Imaging Services Corp.)

Personal Services. 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 ManagerBoard, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by Members, the Manager shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereofthereof in accordance with the policies of the Company, the Manager Members shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Personal Services. 5.3.1. No The Member shall not be required to perform services for the Company solely by virtue of being a Member. Unless approved by the General Manager, no the Member shall not perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by MembersMember, the General Manager shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the General Manager shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 1 contract

Sources: Operating Agreement (Colonial Downs, LLC)

Personal Services. 5.3.1. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the ManagerManagement Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. (b) Unless approved by Members holding 51% more than fifty percent (50%) of the Percentages then held by MembersVoting Interests, the no General Manager shall not be entitled to compensation for services performed for the CompanyCompany In that capacity. However, upon substantiation of the amount and purpose thereof, the a General Manager shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 1 contract

Sources: Operating Agreement (Advanced Na, LLC)

Personal Services. 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 ManagerManagement Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. 5.3.2. Unless approved by Members holding 51% of the Percentages then held by Membersa Supermajority Interest, the Manager Managers on the Management Committee shall not be entitled to compensation for services performed for the Company. However, upon substantiation of the amount and purpose thereof, the Manager Management Committee shall be entitled to reimbursement for expenses reasonably incurred in connection with the activities of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (TRxADE HEALTH, INC)