Inactive Member Status. A swimmer may be designated as an inactive member due to disciplinary reasons, and failure to meet financial obligations or for other reasons determined by the PWSC Board of Directors (BOD), at its sole discretion. Inactive swimmers may not participate in any practices, swim meets, or other team activities. Inactive members remain liable for their financial obligations and may not vote on team matters unless they receive a financial abatement from the BOD.
Inactive Member Status. If you cancel your account or if we are unable to process your credit card for Paid Services and Features as described above, your membership account will be deactivated. You will automatically be placed in Discovery Member status, and any Paid Services or Features will be immediately removed from your Membership account, including all optional Add-on Services you have selected. All of your Services – including the VoiceZam™ player and marketing tools – will also be deactivated. When a membership account is deactivated, your account functions are limited. You may manage your billing information and reactivate your account, but all other functions are unavailable until your account is reactivated. During this period of deactivation, all your uploaded media, system settings, and player customizations will be retained in our system for one year for seamless restoration upon reactivation. After one year of Inactive Member status, however, your uploaded media, system settings, and player customizations may be deleted at our sole discretion.
Inactive Member Status. If my primary share Account falls below $5.00 and I do not have any outstanding loans with you, you may transfer me to inactive member status. As an inactive member, I will not be counted as a member for the purpose of determining quorums or required votes and will not be sent annual reports or financial statements except upon request.
Inactive Member Status. An active member shall become an inactive member when such active member no longer holds Shares of Beneficial Interest in the Trust. Upon becoming an inactive member, such inactive member shall not be entitled to any rights, titles or privileges provided under the Declaration of Trust, any Participation Agreement, Informational Statements, the rules and regulations of the Trust and any other agreement, certificate, document, or other instrument executed by the Trust and the member pursuant to this Declaration of Trust, except such inactive member shall not be required to submit a Participation Agreement or other document for membership in the Trust in order to acquire Shares of Beneficial Interest in the Trust. The Trust shall owe no duties, obligations or responsibilities to inactive members. Subject to the provisions of Article II, Section 3, a person serving as a Trustee whose member becomes an inactive member may continue to serve as a Trustee for a period of 90 consecutive days after the member becomes an inactive member. If the Trustee's member remains an inactive member for 90 consecutive days, the Trustee shall cease to be eligible to serve as a Trustee and shall be automatically removed as a Trustee on the 91st day. If the inactive member becomes an active member as provided in this Declaration of Trust, within 90 days of becoming an inactive member and remains an active member for a period of 90 consecutive days, a Trustee from such member shall not cease to be eligible to serve as a Trustee. Inactive members may acquire Shares of Beneficial Interest under the terms of this Declaration of Trust, any Participation Agreement, or any other written agreement executed by the Trust and such member. Inactive members shall become active members upon acquiring Shares of Beneficial Interest as provided herein and shall be entitled to all rights, titles or privileges, and subject to all liabilities, as provided under the Declaration of Trust, any Participation Agreement, Informational Statements, the rules and regulations of the Trust and any other agreement, certificate, document, or other instrument executed by the Trust and the member pursuant to this Declaration of Trust. This section shall not be construed to effect in any way the rights of the Board of Trustees to cancel, suspend or expel a member pursuant to Article XI, Section 2. Inactive members may terminate membership in the Trust upon written notice addressed to the office or offices of the Trus...
