Compensation of Managers. Managers, as such, shall not receive any stated salary for their services. Expenses of attendance, if any, may be allowed for attendance at each meeting of the Board; provided, however, that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such service.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.), Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.), Limited Liability' Company Agreement (Builders FirstSource of Nashville, Inc.)
Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. Expenses In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Board; provided, however, that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such serviceManagers.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (SIGECO Securitization I, LLC), Limited Liability Company Agreement (Atmos Energy Kansas Securitization I, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC)
Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Member, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. Expenses In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Board; provided, however, that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such servicemanagers.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC)
Compensation of Managers. Managers, as such, shall not receive any stated salary for their services, but shall receive such compensation for their services as may be from time to time approved by the Members, provided that nothing contained in this Agreement shall preclude any Manager from serving the Company in any other capacity and receiving compensation for service. Expenses In addition, a fixed sum and expenses of attendance, if any, may be allowed for attendance at each meeting of the Board; provided, however, that nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such serviceManagers.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC), Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC), Limited Liability Company Agreement (Reliant Energy Services Inc)
Compensation of Managers. Managers, as such, shall not receive any stated salary for their services. Expenses services as managers, but by resolution of the Board of Managers a fixed sum and expense of attendance, if any, may be allowed for attendance at each regular and special meeting of the Board; provided, however, provided that nothing herein contained in this Agreement shall be construed to preclude any Manager from serving the Company in any other capacity and receiving compensation for such servicetherefor.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (RedCo Group, Inc.), Limited Liability Company Operating Agreement (Molina Healthcare Inc)
Compensation of Managers. Managers, as such, shall not Managers may receive any stated salary for their services. Expenses services and expenses of attendance, if any, may be allowed for attendance at each meeting of the Board; provided, however, that nothing Managers. Nothing contained in this Agreement shall be construed to preclude any Manager from serving the Company Issuer in any other capacity and receiving compensation for such service.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Greyhound Funding LLC)
