Disengagement of Individual Member Sample Clauses

Disengagement of Individual Member. On each of the Second (2nd) Anniversary and the Seventh (7th) Anniversary, a member of the Medical Group (the "Disengaging Member") may, at his option, disengage from further participation in and from further obligations under the terms and provisions of this Agreement. The option may be exercised by a Disengaging Member by giving written notice of his disengagement to the Management Company and by complying with the obligations imposed by Sections 14.2(b)-14.2(c) below (subject however, to the performance by the Management Company of the obligations imposed in Section 14.2(c)(iii) below). The Effective Date of the disengagement shall be the date specified in the written notice (which shall be either the Second Anniversary or the Seventh Anniversary).
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Disengagement of Individual Member. In the event that, during the Rescission Period, any Eligible Party terminates his affiliation with the Medical Group (such person being referred to herein as a "Disengaging Member"), such Disengaging Member shall return or remit to the Management Company (a) stock certificate(s) representing that number of shares of common stock of the Management Company as is set forth opposite such Disengaging Member's name on Annex A attached hereto, which shares were issued to such Disengaging Member pursuant to a Restricted Stock Agreement or (b) in lieu of delivery of all or any portion of such stock certificates, cash, cashier's or certified checks or a wire transfer of funds delivered to a depository institution designated by the Management Company, in an amount equal to the Fair Market Value, determined as of September 1, 2001, of all or such portion, as the case may be, of shares of common stock of the Management Company.
Disengagement of Individual Member. (a) In the event that, during the Rescission Period, any Eligible Party terminates his affiliation with the Medical Group (such person being referred to herein as a "Disengaging Member"), such Disengaging Member shall return to the Management Group the stock certificate(s) issued to such Disengaging Member pursuant to a Restricted Stock Agreement, and the Management Company shall, upon notice from such Disengaging Member, return to the Disengaging Member the consideration paid by such Disengaging Member for the shares of common stock underlying such stock certificate(s). In the event that any portion of such shares shall have been previously transferred by such Disengaging Member, any transferee of such Disengaging Member shall, and the Disengaging Member shall cause such transferee to, deliver the certificate(s) representing such shares to the Management Company. Certificates delivered pursuant to this Section 14.4(a) shall be duly endorsed for transfer to the Management Company. (b) Upon the rescission of this Agreement by a Disengaging Member pursuant to the provisions of this Section 14.4 such Disengaging Member and the Management Company shall have no further obligations or liabilities to the other except as set forth in Section 14.4(a) above. However, the disengagement by the Disengaging Member shall have no effect upon the continuing rights and obligations of the Medical Group vis-a-vis the Management Company under the terms of this Agreement.

Related to Disengagement of Individual Member

  • Restricted Employment for Certain State Personnel Contractor acknowledges that, pursuant to Section 572.069 of the Texas Government Code, a former state officer or employee of a state agency who during the period of state service or employment participated on behalf of a state agency in a procurement or contract negotiation involving Contractor may not accept employment from Contractor before the second anniversary of the date the Contract is signed or the procurement is terminated or withdrawn.

  • Engagement of Consultant The Company hereby engages Consultant to ------------------------- assist the Company in programming services.

  • EMPLOYER AND EMPLOYEE DUTIES 11.1 An employer may direct an employee to carry out such duties as are within the limits of the employee's skills, competence and training consistent with the classification structure of this agreement provided that such duties are not designed to promote xx-xxxxxxxx. 11.2 An employer may direct an employee to carry out such duties and use such tools and equipment as may be required provided that the employee has been properly trained in the use of such tools and equipment. 11.3 Any direction issued by an employer under this clause is to be consistent with the employer's responsibilities to provide a safe and healthy working environment.

  • Employment of Consultant CONSULTANT will perform as an independent contractor all services under this Contract to the prevailing professional standards consistent with the level of care and skill ordinarily exercised by members of its profession, both public and private, currently practicing in the same locality under similar conditions, including reasonable, informed judgments and prompt, timely action. If CONSULTANT is representing that it has special expertise in one or more areas to be utilized in this Contract, then CONSULTANT agrees to perform those special expertise services to the appropriate local, regional or national professional standards.

  • TRAINING AND EMPLOYEE DEVELOPMENT 9.1 The Employer and the Union recognize the value and benefit of education and training designed to enhance an employee’s ability to perform their job duties. Training and employee development opportunities will be provided to employees in accordance with Employer policies and available resources. 9.2 Attendance at employer-required training will be considered time worked. The Employer will make reasonable attempts to schedule employer-required training during an employee’s regular work shift. The Employer will pay the registration and associated travel costs in accordance with Article 23, Travel, for employer-required training.

  • Employment of Consultants Part A General Consultants’ services shall be procured in accordance with the provisions of the Introduction and Section IV of the "Guidelines: Selection and Employment of Consultants by World Bank Borrowers" published by the Bank in January 1997 and revised in September 1997 (the Consultant Guidelines) and the following provisions of Section II of this Schedule. Part B: Quality- and Cost-based Selection Except as otherwise provided in Part C of this Section, consultants’ services shall be procured under contracts awarded in accordance with the provisions of Section II of the Consultant Guidelines, paragraph 3 of Appendix 1 thereto, Appendix 2 thereto, and the provisions of paragraphs 3.13 through 3.18 thereof applicable to quality- and cost-based selection of consultants. Part C: Other Procedures for the Selection of Consultants 1. Selection Based on Consultants Qualifications Services estimated to cost less than $100,000 equivalent per contract may be procured under contracts awarded in accordance with the provisions of paragraphs 3.1 and 3.7 of the Consultant Guidelines.

  • Engagement of Independent Review Organization Within 60 days after the Effective Date, Xx. Xxxxxxxx shall engage an individual or entity, such as an accounting, auditing, or consulting firm (hereinafter “Independent Review Organization” or “IRO”), to perform the reviews listed in this Section III.C. The applicable requirements relating to the IRO are outlined in Appendix A to this IA, which is incorporated by reference.‌

  • RESTRICTIONS ON EMPLOYMENT OF FORMER STATE OFFICER OR EMPLOYEE The Engineer shall not hire a former state officer or employee of a state agency who, during the period of state service or employment, participated on behalf of the state agency in this agreement’s procurement or its negotiation until after the second anniversary of the date of the officer’s or employee’s service or employment with the state agency ceased.

  • Employment of Personnel Manager shall use its diligent efforts to investigate, hire, pay, supervise and discharge the personnel necessary to be employed by it to properly maintain, operate and lease the Property, including without limitation a property manager or business manager at the Property. Such personnel shall in every instance be deemed agents or employees, as the case may be, of Manager. Owner has no right of supervision or direction of agents or employees of Manager whatsoever; however, Owner shall have the right to require the reassignment or termination of any employee. All Owner directives shall be communicated to Manager’s senior level management employees. Manager and all personnel of Manager who handle or who are responsible for handling Owner’s monies shall be bonded in favor of Owner. Manager agrees to obtain and keep in effect fidelity insurance in an amount not less than Two Hundred Fifty Thousand Dollars ($250,000). All reasonable salaries, wages and other compensation of personnel employed by Manager, including so-called fringe benefits, worker’s compensation, medical and health insurance and the like, shall be deemed to be reimbursable expenses of Manager. Manager may allow its employees who work at the Property and provide services to the Property after normal business hours, to reside at the Property for reduced rents (or rent fee as provided in the Operating Budget) in consideration of their benefit to Owner and the Property, provided such reduced rents are reflected in the Annual Business Plan.

  • New Employee Orientation The Union will provide each agency personnel director with the names and addresses of up to two (2) authorized Union representatives per agency to receive notice of each formal orientation meeting held by the Department. The notice will be sent as soon as such meetings are scheduled (but not less than ten (10) days in advance) and will include date, time and location. Due to operational exigencies, agencies may schedule an orientation which will provide the Union with less than the requisite ten (10) days' notice; however the Union shall be notified as soon as possible after the scheduling of the orientation and the Union representative shall be released from duty. Agencies shall routinely schedule orientations in a manner that will allow for the ten (10) day advance notice to the Union. During the formal orientation, the Union will be permitted to give a twenty (20) minute presentation which may include an enrollment in supplemental Union benefits. The parties shall encourage employee attendance, although attendance shall not be mandatory if an employee objects to attending the presentation. In the event a formal orientation meeting is not held, or the Union is unable to attend the formal orientation because the designated Union representatives cannot be released under Article 4, the Employer shall allow the Union representative and the employee(s) to meet during duty hours at a mutually agreed upon time and location for twenty (20) minutes Employee participation in these meetings shall be encouraged although an employee shall not be required to attend such a meeting.

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