Common use of Personal Services Clause in Contracts

Personal Services. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) Unless approved by Members holding more than fifty percent (50%) of the Voting Interests, no General Manager shall be entitled to compensation for services performed for the Company in that capacity. However, upon substantiation of the amount and purpose thereof, 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. (a) 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 Management CommitteeManager, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) 5.3.2. Unless approved by Members holding more than fifty percent (50%) 51% of the Voting InterestsPercentages then held by Members, no General the Manager shall not be entitled to compensation for services performed for the Company in that capacityCompany. However, upon substantiation of the amount and purpose thereof, a General 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. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management CommitteeManager, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) Unless approved by Members holding more than fifty percent (50%) of the Voting Interests, no General Manager shall be entitled to compensation for services performed for the Company in that capacity. However, upon Upon substantiation of the amount and purpose thereof, a General Manager however, the 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. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management CommitteeMembers, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) Unless approved by Members holding more than fifty percent (50%) of the Voting Interests, no General Manager shall be entitled to compensation for services performed for the Company in that capacity. However, upon substantiation of the amount and purpose thereof, a General Manager the 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. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management CommitteeMembers, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) Unless approved by Members holding more than fifty percent (50%) of the Voting Interests, no General Manager shall be entitled to compensation for services performed for the Company in that capacity. However, upon substantiation of the amount and purpose thereofthereof in accordance with the policies of the Company, a General Manager the 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. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management CommitteeBoard, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) Unless approved by Members holding more than fifty percent (50%) of the Voting Interests, no General Manager shall be entitled to compensation for services performed for the Company in that capacity. However, upon substantiation of the amount and purpose thereofthereof in accordance with the policies of the Company, a General Manager the 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. (a) 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 Management Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) 5.3.2 Unless approved by Members holding more than fifty percent (50%) majority of the Voting Interestsaggregate Percentages then held by Members, no General Manager the Management Committee shall not be entitled to compensation for services performed for the Company in that capacityCompany. However, upon substantiation of the amount and purpose thereof, a General Manager the 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. (a) 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 Management Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) 5.3.2. Unless approved by Members holding more than fifty percent (50%) of a Supermajority Interest, the Voting Interests, no General Manager Managers on the Management Committee shall not be entitled to compensation for services performed for the Company in that capacityCompany. However, upon substantiation of the amount and purpose thereof, a General Manager the 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)

Personal Services. (a) No 5.3.1. The Member shall not be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management CommitteeGeneral Manager, no the Member shall not perform services for the Company or be entitled to compensation for services performed for the Company. (b) 5.3.2. Unless approved by Members holding more than fifty percent (50%) of the Voting InterestsMember, no the General Manager shall not be entitled to compensation for services performed for the Company in that capacityCompany. However, upon substantiation of the amount and purpose thereof, a 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. (a) No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Management Committee, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company. (b) Unless approved by Members holding more than fifty percent (50%) of the Voting Interests, no General Manager shall be entitled to compensation for services performed for the Company in In that capacity. However, upon substantiation of the amount and purpose thereof, 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)