Common use of Manager Compensation Clause in Contracts

Manager Compensation. No Manager shall be entitled to any compensation, except by the affirmative vote or consent of a majority of the Members. The Company shall promptly reimburse each Manager for the reasonable out of pocket costs and expenses incurred by such Manager (including airfare, meals, lodging and other travel related expenses) in connection with the performance of its duties as Manager, including attendance at meetings of the Board of Managers.

Appears in 1 contract

Sources: Operating Agreement (Blue Chip Merger Subsidiary Inc)

Manager Compensation. No Manager shall be entitled to any compensation, except by the affirmative vote or consent of a majority of the Members. The Company shall promptly reimburse each Manager for the reasonable out of pocket costs and expenses incurred by such Manager (including airfare, meals, lodging and other travel related expenses) in connection with the performance of its duties as Manager, including attendance at meetings of the Board of ManagersBoard.

Appears in 1 contract

Sources: Operating Agreement (Blue Chip Merger Subsidiary Inc)

Manager Compensation. No Manager shall be entitled to any compensation, except by the affirmative vote or consent of a majority Majority of the Members. The Company shall promptly reimburse each Manager for the reasonable out of pocket costs and expenses incurred by such Manager (including airfare, meals, lodging and other travel related expenses) in connection with the performance of its duties as Manager, including attendance at meetings of the Board of Managers.

Appears in 1 contract

Sources: Operating Agreement (Blue Chip Merger Subsidiary Inc)