Distribution by Retired Unit Members in District Sample Clauses

Distribution by Retired Unit Members in District. Group Insurance Effective July 1, 2022, in order to receive retiree medical benefits, eligible retired employees must be retired and drawing benefits from their state retirement system (CalPERS or CalSTRS) and be ineligible for medical benefits through another employer if employed full time.
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Related to Distribution by Retired Unit Members in District

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  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

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