Dealing with the Company Sample Clauses
The "Dealing With the Company" clause defines how parties, such as shareholders or third parties, are to interact with the company in official matters. Typically, it clarifies that individuals or entities must communicate or transact directly with the company itself, rather than with individual directors, officers, or employees, and may specify the proper channels or representatives for such dealings. This clause ensures that all formal actions and communications are properly directed, reducing confusion and minimizing the risk of unauthorized commitments or misunderstandings.
Dealing with the Company. The Manager may deal with the Company by providing or receiving property and services to or from the Company, and may receive from others or from the Company normal profits, compensation, commissions, or other income incident to such dealings.
Dealing with the Company. The Member, and affiliates of the Member, may deal with the Company by providing or receiving property and services to or from the Company, and may receive from others or from the Company normal profits, compensation, commissions, or other income incident to such dealings.
Dealing with the Company. Any Member may deal with the Company by providing or receiving property and services to or from it, and may receive from others or from the Company normal profits, salary, compensation, commissions, or other income incident to such dealings; provided, however, in each such case, the dealing or transaction, and the profit or compensation, is approved in advance by the Manager.
Dealing with the Company. Either Member may deal with the Company by providing or receiving property and services to or from the Company, and may receive from others or the Company normal profits, compensation, commissions, or other income incident to those dealings, but the Member must first obtain written consent from the other Member for those dealings.
Dealing with the Company. The Members and any Affiliates shall have the right to contract or otherwise deal with the Company for the sale or lease of property or goods, the rendition of services, and for all other purposes, and to receive payments and fees from the Company in connection therewith as the Board of Managers shall determine, provided that such payments and fees are comparable to the payments and fees that would be paid to unrelated Persons providing the same property, goods, or services to the Company.
Dealing with the Company. Any Member and any Affiliate of a Member shall have the right to contract or otherwise deal with the Company for the sale or lease of property or goods, the rendition of services, and for all other purposes; and to receive payments and fees from the Company in connection therewith either (i) as provided for in this Agreement, or (ii) provided that such payments and fees are comparable to the payments and fees that would be paid to unrelated Persons providing the same property, goods, or services to the Company, and provided that full disclosure of such transactions is made to the Board, as otherwise determined by the Board.
Dealing with the Company. (a) The Manager shall not, except for the compensation payable to the Manager pursuant to Article 7 herein, (i) receive any commissions, fees, or other payments with respect to the purchase, management, development, or liquidation or sale of all or any part of the Land, or the financing or refinancing thereof, or (ii) receive any other compensation, fees, or other payments with respect to the business or operations of the Company.
(b) The Manager is acting as an agent of the Company in its capacity hereunder subject to the limitations on such agency as set forth in this Agreement.
(c) The Manager shall employ and/or retain the services of a sufficient number of capable employees to properly and adequately perform and complete its duties hereunder, or the Manager shall engage such independent contractors as the Manager deems necessary to supplement or to complement the Manager's employees so as to enhance its abilities to properly and adequately perform its duties hereunder. The Manager shall be responsible for all employees of Manager and all independent contractors and consultants hired by Manager to assist Manager in performing its duties hereunder. Moreover, all matters pertaining to the employment, supervision, compensation, promotion, and discharge of the Manager's employees and others engaged by the Manager to assist Manager in performing its duties hereunder are the responsibility of the Manager. Subject to Company's obligations under Section 7.4 of this Agreement, in no event shall the Company be the employer of such employees, contractors, or consultants, nor shall the Company ever be directly responsible for their compensation. The Manager shall comply, in good faith, with all applicable laws and regulations relating to worker's compensation, social security, income and withholding tax, unemployment insurance, hours of labor, wages, working conditions, and other employer-employee related matters.
Dealing with the Company. The Members and Managers, and any Affiliates thereof, shall have the right to contract and otherwise deal with the Company with respect to the sale or lease of real and/or personal property, the rendition of services, the lending of money, and for other purposes, and to receive the purchase price, costs, fees, commissions, interest, compensation and/or other amounts and/or other forms of consideration in connection therewith, as the Manager may determine, without being subject to claims for self-dealing; provided, however, notwithstanding anything contained in this Agreement to the contrary, no Member or Manager, or Affiliate thereof, shall have the right to vote on, or participate in, the decision concerning the Company's dealing with such Member or Manager or his Affiliate pursuant to this Agreement