Change in Compensation. From time to time, the Managing General Partner may propose and effect any additional or substitute compensation plans or arrangements without the need for any vote or approval of Partners, except that the approval of a Majority Interest shall be required to increase the fee of the General Partners set forth in Section 4.1(C).
Appears in 3 contracts
Sources: Limited Partnership Agreement (Pope Resources LTD Partnership), Limited Partnership Agreement (Pope Resources LTD Partnership), Limited Partnership Agreement