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DOCUMENT TITLE:
LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF FRANCHISE ASSOCIATES, LLC
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ACTIONS:
Here are the clause headings in the document. To view the clause, click the clause heading.To view the full document, click the "View Document" button.
Clause Heading
1 - Name.
2 - Purpose.
3 - Registered Office.
4 - Powers of the Company.
5 - Member.
6 - Powers of Member.
(a) - General Powers.
(b) - Number and Term of Office.
(c) - Resignation.
(d) - Removal.
(e) - Vacancies.
(i) - Times and Places of Meetings.
(ii) - Annual Meetings.
(iii) - Regular Meetings.
(iv) - Special Meetings.
(v) - Telephone Meetings.
(vi) - Adjourned Meetings.
(vii) - Notice Procedure.
(viii) - Waiver of Notice.
(ix) - Presiding Officer.
(x) - Quorum of Managers.
(xi) - Action by Majority Vote.
(xii) - Action Without Meeting.
(xiii) - Compensation.
(xiv) - No Management by Member.
8 - Committees of the Board of Managers.
(a) - Executive Officers.
(b) - Other Officers.
(c) - Term of Office.
(d) - Removal of Officers.
(f) - Compensation of Officers.
(l) - Treasurer.
(g) - Chairman and Chief Executive Officer.
(h) - Chairman Emeritus and Vice Chairmen of the Board.
(i) - President and Chief Operating Officer.
(j) - Executive Vice Presidents, Senior Vice Presidents and Vice Presidents Elected by the Board.
(k) - Secretary.
(m) - Powers and Duties of Other Officers.
10 - Dissolution.
11 - Capital Contribution.
12 - Allocation of Profits and Losses.
13 - Distributions.
14 - Tax Classification.
15 - Assignments.
16 - Resignation.
17 - Admission of Additional Members.
18 - Liability of Member.
(a) - Exculpation.
(b) - Duties and Liabilities of Covered Persons.
(c) - Indemnification.
(d) - Expenses.
(e) - Insurance.
20 - Outside Business.
21 - Governing Law.