Compensation of Board Members. Independent Directors, if any, shall receive such compensation, if any, for their services as determined by the Board. Upon presentation of vouchers and similar receipts to the Company, Directors shall be entitled to receive reimbursement for all reasonable out-of-pocket business expenses incurred in the performance of his or her duties for the Company. Nothing contained in this Agreement shall be construed to preclude any Director from serving the Company or any of its Affiliates in any other capacity and receiving compensation for such service.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (PH Holding LLC), Limited Liability Company Agreement (PH Holding LLC)