Abstract: The norm of reciprocity is important in the formation, survival and effectiveness of leader member exchange. The use of one dimensional leader member exchange in a model containing the two constructs has been questioned by researchers. Recently, a multi-dimensional factor structure for leader member exchange was tested, but has not been properly revalidated. This study revalidated the multi-dimensional factor structure for leader member exchange and reciprocity using exploratory and confirmatory factor analyses. Thereafter, a structural equation model of the relationships involving the dimensions of the constructs and job satisfaction was estimated. Confirmatory factor analyses confirmed 4-factor and 5-factor structures for leader member exchange and reciprocity, respectively. The estimated structural equation model confirmed the following: the positive relationship job satisfaction has with each of three dimensions of the leader member exchange and that the five dimensions of reciprocity are antecedents of leader member exchange. Immediacy, equivalence and self motive affected the dimensions of leader member exchange negatively, while other and mutual interest affected the dimensions positively. The relationships that four dimensions of reciprocity have with job satisfaction are fully mediated by the leader member exchange relationship. Equivalence has direct and indirect relationships with job satisfaction. The study concluded that a one dimensional leader member exchange does not reflect the various forms of relationship a leader may have with his/her subordinates and that though reciprocity is important in the formation and maintenance of leader member exchange, some forms of reciprocity will negatively affect the quality of the relationship.