Designation of Manager. The Company shall be managed initially by its Member. The term Manager is singular in this Agreement; however, the term encompasses all Managers, irrespective of whether there is one or more. A Manager need not be a Member. A Manager shall be entitled to compensation for services rendered as agreed between the Manager and Members. A Manager may be removed by an Act of the Members holding a majority Membership Interest Percentage.
Appears in 2 contracts
Sources: Operating Agreement (Ankam, Inc.), Operating Agreement (Ankam, Inc.)