No Entitlement to Compensation. No Member acting on behalf of the Company shall be entitled to compensation or remuneration except as may be specifically provided in this Agreement or otherwise by the Members. This provision shall not limit any compensation or remuneration which any Member shall receive from any other entity with which the Company may be an affiliate or in which the Company is a participant or partner. It is specifically understood that affiliates or subsidiaries of PHC may, at the sole discretion of the Managers, render administrative or management services to the Company and shall receive payment for such services determined at the discretion of the Managers, subject to the provisions of Article 9.
Appears in 1 contract
No Entitlement to Compensation. No Member acting on behalf ------------------------------- of the Company shall be entitled to compensation or remuneration except as may be specifically provided in this Agreement or otherwise by the Members. This provision shall not limit any compensation or remuneration which any Member shall receive from any other entity with which the Company may be an affiliate or in which the Company is a participant or partner. It is specifically understood that affiliates or subsidiaries of PHC may, at the sole discretion of the Managers, render administrative or management services to the Company and shall receive payment for such services determined at the discretion of the Managers, subject to the provisions of Article 9.
Appears in 1 contract