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.
Appears in 4 contracts
Sources: Operating Agreement (Ivt Software Inc), Operating Agreement (Ivt Software Inc), Operating Agreement (Ivt Software Inc)
Compensation of Members. Unless otherwise expressly approved by the Members, no Member the Members shall not be entitled to any compensation for services or activities undertaken in his or her their capacity as a Member of the CompanyLLC, and members of the Management Board shall not be entitled to any compensation for services or activities undertaken in their capacities as members of the Management Board.
Appears in 1 contract
Compensation of Members. Unless otherwise expressly approved by the The Members, no Member including the Managing Member, shall not be entitled to any compensation for services or activities undertaken in his or her their capacity as a Member of the CompanyLLC.
Appears in 1 contract
Sources: Limited Liability Company Agreement