Compensation of Members Sample Clauses
The Compensation of Members clause defines how and under what terms members of an organization or company are paid for their services or participation. It typically outlines the types of compensation available, such as salaries, stipends, or reimbursements, and may specify approval processes or limits on payments. This clause ensures transparency and fairness in member remuneration, helping to prevent disputes and clarify expectations regarding financial benefits.
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Compensation of Members. Except as expressly provided in any written agreement between the Company and a Member, no Member shall receive any compensation from the Company for services provided to the Company in its capacity as a Member.
Compensation of Members. Unless otherwise expressly approved by the Members, no Member shall not be entitled to any compensation for services or activities undertaken in his or her capacity as a Member of the Company.
Compensation of Members. The members of the Committee shall receive no compensation for services rendered, other than reimbursement for expenses incurred by them in the performance of their duties hereunder.
Compensation of Members. Except as expressly permitted by this Agreement or any other duly authorized and approved written agreement, the LLC shall pay no compensation to any Member or any Principal of any Member for their services to the LLC.
Compensation of Members. No fee or compensation shall be paid to any member of the Committee for his Service as such.
Compensation of Members. The Members shall have the authority to fix the compensation of individual Members. All Members may be paid their expenses, if any, of attendance at meetings of the Members, which may be a fixed sum for attendance at each meeting of the Members or a stated salary as a Member. No such payment shall preclude any Member from serving the Company in any other capacity and receiving compensation.
Compensation of Members. Except as may be expressly provided for herein or hereafter approved by the Executive Committee, no payment will be made by the LLC to either Member for the services of such Member or any member, shareholder, director or employee of such Member.
Compensation of Members. Members of the pension board of trustees shall serve without compensation. (Code 1968, § 2-89; Ord. of 1-12-1970; Code 1981, § 2-206; Ord. of 5-22-2000)
Compensation of Members. Except as herein otherwise specifically provided, no compensatory payment shall be made by the Company to any Member in connection with this Agreement or the transactions contemplated hereby, including without limitation for the services to the Company of such Member (or any member or employee of such Member) as Administrative Member.
Compensation of Members. The Members shall be reimbursed for all expenses incurred in managing the Company and shall, at the election of the Members, be entitled to compensation for its management services, in an amount to be determined from time to time by the Members.