Expulsion of Member. The Xxxxxx JCC reserves the right to terminate any Member’s membership for the following reasons:
Expulsion of Member. Upon any material breach by any Member of any of the Member’s obligations under the terms of this Agreement which remains uncured for a period of ninety (90) days following written notice by the chief executive officer, the Member may be expelled from the Company effective upon the delivery of written notice of expulsion signed by the chief executive officer unless such Member’s breach has been cured prior to delivery of such written notice. Such expulsion shall constitute a voluntary act of a Member that constitutes a withdrawal from the Company for purposes of Section 2.7 of this Agreement.
Expulsion of Member. Farmers Insurance Group Federal Credit Union shall comply with Section 118 of the FCU Act (12 U.S.C. §1764) which provides the two exclusive methods for expulsion of members of Farmers Insurance Group Federal Credit Union who have prepared, adopted and executed in duplicate bylaws consistent with the Credit Union Act for the general governance of the Credit Union. The method of expulsion is outlined as follows:
Expulsion of Member. A Member may be expelled from the Company as a Member only if the following requirements have been satisfied: (1) a meeting of the Board of Directors was properly called and notice was properly given under this Agreement solely for the purpose of considering the expulsion of a Member and the Member whose expulsion is being considered shall be given ten (10) business days prior notice of the meeting and shall be invited to have its Representative attend the meeting and address the Board of Directors; (2) a final, non-appealable determination from a governmental agency or instrumentality was issued against a Member whose expulsion is being considered, and at least one Member has asserted in writing to the Company or to the other Members prior to such meeting that such determination could reasonably be expected to have a material adverse effect upon the Company’s ability to accomplish its purposes or conduct its business as specified in Section 3.1 if a particular Member’s Membership Interest in the Company is not terminated; and (3) Supermajority Board Approval is obtained to expel such Member; provided, however, that solely for purposes of determining Board Approval for such Vote, the Member whose expulsion is being considered shall not be entitled to Vote on such matter. Notwithstanding the above, the Company may expel, either immediately or upon a fixed date, a Member as a consequence of a notice, law, adverse action or recommendation from a government or governmental agency with authority over the Company that is issued against or binding upon a Member, directly or indirectly, provided that the Board of Directors shall approve any such expulsion by Supermajority Board Approval, and the expelled Members shall have the opportunity to present arguments or comments to the Board of Directors challenging any such expulsion, either before such action is taken if the time permits or after the action has been taken if the time does not permit such arguments or comments prior to expulsion.
Expulsion of Member. (a) In the event that any Member has, at any time, breached any provision of this Agreement, or intentionally hindered or obstructed any application by the Company or any of its subsidiaries or affiliates for a license from any governmental or regulatory entity, agency, or body, that may be incidental or necessary to carry on the business of the Company as described in Section 1.5, or the business of any of the Company’s subsidiaries or affiliates, the Management Committee may at its discretion, pursuant to Article 4, expel and cause the withdrawal of such Member from the Company. Any such expulsion may be exercised at any time by delivering to such Member a written notice setting forth the effective date of such withdrawal, and on the date so fixed, such Member shall be deemed to have withdrawn, shall cease to be a Member and shall be deemed to have relinquished any right to any payments or distributions made to Members under this Agreement. Subject to Section 7.8(b), upon expulsion, such Member will be entitled to receive, as compensation, the greater of: (i) the amount of such Member’s Capital Contribution, plus 10% per annum, calculated from the date of the Contribution(s); or (ii) five dollars per each Unit held by such Member. In the event such Member accepts compensation pursuant to either of Section 7.8(a)(i) or Section 7.8(a)(ii), whether by depositing the compensation check in a bank account or through any other means, such Member forever forfeits and waives its rights to any legal proceeding of any kind, including any lawsuit in any court of law or any arbitration proceeding, which seeks to enjoin, restrain, reverse, vacate, or in any way challenge such Member’s expulsion or seek its reinstatement as a Member (“Expulsion Challenge”), and such Member hereby expressly deems any such forfeiture or waiver as knowing and intentional.
Expulsion of Member. A Member may be expelled from the Company as a Member only if the following requirements have been satisfied: (1) a meeting of the Board of Directors was properly called and notice was properly given under this Agreement solely for the purpose of considering the expulsion of a Member and the Member whose expulsion is being considered shall be given ten (10) business days prior notice of the meeting and shall be invited to have its Representative attend the meeting and address the Board of Directors; (2) a final, non-appealable determination from a governmental agency or instrumentality was issued against a Member whose expulsion is being considered, and at least one Member has asserted in writing to the Company or to the other Members prior to such meeting that such determination could reasonably be expected to have a material adverse effect upon the Company’s ability to accomplish its purposes or conduct its business as specified in Section 3.1 if a particular Member’s Membership Interest in the Company is not terminated; and
Expulsion of Member. A Member may be expelled from the Company as follows:
Expulsion of Member. A Member may be expelled from membership in the Authority by a two-thirds (2/3rds) vote of all members of the Board in accordance with the procedures and the conditions as provided in the Bylaws of the Authority.
Expulsion of Member. I am aware that I can be expelled from the Board of Management as per the constitution, for missing three meetings in a row without providing acceptable reasons. Orientation Kit I agree that I have read and understood the Board of Management Orientation Kit. Code of Behaviour I agree that I have read and will abide by the Parks Board of Management Code of Behaviour. I am aware that I can be expelled from the Board of Management for failing to abide by any of the Code of Behaviour rules. ……………………………………………………. …………………………………. (signed) (dated)
Expulsion of Member. Upon any material breach by any Member of any of his, her or its obligations under the terms of this Agreement, which remains uncured for a period of 90 days after written notice thereof from the Company, the Member may be expelled effective upon the delivery, prior to the cure of such breach, of written notice of expulsion signed by a Majority of the Managers.
