Expulsion of Member. The Xxxxxx JCC reserves the right to terminate any Member’s membership for the following reasons:
1) A violation of any of the Xxxxxx JCC rules, or 2) Conduct which in the sole discretion of the Xxxxxx JCC’s management is detrimental to the welfare, health and safety of the Xxxxxx JCC’s Members or staff or the Xxxxxx JCC’s reputation, goodwill or character. In the event of such termination, Member’s liability for future monthly dues shall cease. Member shall remain liable for all unpaid dues and charges incurred prior to the time of termination.
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. 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.
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 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. A Member may be expelled from the Company as follows:
(a) A Member may be expelled from the Company if in the sole discretion of the Manager such Member has undertaken any action that may impede the ability of the Company to fulfill its purposes as set forth in Section 2.2 or otherwise jeopardize the Company's ability to qualify as an L3C as set forth in Section 2.3[, including without limitation voting against any action requiring a Member vote under Section 6.4(a) that the Manager believes is necessary or advisable to be undertaken in order to fulfill the Company's purposes as set forth in Section 2.2 or to protect the Company's ability to qualify as an L3C as set forth Section 2.3].
(b) A Member shall be automatically expelled from the Company without any further action by the Manager or any other Members if such Member (i) is convicted of a felony, (ii) files a petition for Bankruptcy or (iii) makes a general assignment for the benefit of creditors.
(c) Any expulsion of a Member in accordance with this Section 9.1 shall be final and shall not be subject to mediation, arbitration or review by any court of any jurisdiction and shall be effective on the date determined by the Manager.
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.
(b) In the event any Member expelled pursuant to Section 7.8(a) initiates or commences any Expulsion Challenge, such Member immediately and permanently forfeits and waives its right to the compensation described in Section 7.8(a), and such Member hereby expressly deems any such forfeiture or waiver as knowing and intentional.
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.
Expulsion of Member. Any Member may be expelled from the Company on the affirmative vote of a Majority Interest (excluding the Member who is the subject of the vote). Upon the expulsion of any Member, the Company shall be required to pay to such Member the Fair Market Value, defined in Section 13.2.b, of such Member ‘s Membership Interest.
