Involuntary Inactive Members Sample Clauses

Involuntary Inactive Members. Those who have been placed on inactive status by the Board of Directors pursuant to this Operating Agreement. Involuntary inactive members have no privileges of membership and cannot vote. Monthly dues will still accrue while in involuntary inactive status unless otherwise approved by the Board of Directors. If accrual of monthly dues are waived by the Board of Directors, a fee of One Hundred Dollars ($100.00) will be accessed to become an active member. All fees, dues, aircraft flying time, or any other money owed to the Club must be paid before an Involuntary Inactive Member can be reinstated to active status. 5a. Withdrawal. A member may withdraw from the Company upon thirty (30) days of advance written notice to the Secretary, or any other means approved by the Secretary. Said member shall make a reasonable effort to provide a substitute member acceptable to the Company to take his or her place within ninety (90) days from the effective date of his or her withdrawal. Upon official withdrawal approved by the Board of Directors, the member's request to withdraw from the Company, the Company shall refund Company Membership price of 2nd Level Membership and above, less all fines, charges and other financial obligations owed by the withdrawing member to the Company. No refund will be given for the 1st Level Membership. If the withdrawing member does not provide a substitute member acceptable to the Company within said time period, then the Company shall use reasonable efforts to locate a substitute member acceptable to the Company.
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Related to Involuntary Inactive Members

  • Voluntary Redundancy a) With the exception of areas where there is only one position under review, Te Pūkenga will call for expressions of interest from kaimahi within the area of review who wish to volunteer for redundancy to cover the surplus/es positions that have been identified.

  • Re-employment After Voluntary Termination or Dismissal for Cause Where an employee voluntarily leaves the Employer's service, or is dismissed for cause and is later re-engaged, seniority and all perquisites shall date only from the time of re-employment, according to regulations applying to new employees.

  • Voluntary employee contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Disability of Member Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

  • Involuntary Termination “Involuntary Termination” shall mean (i) without the Employee’s express written consent, the significant reduction of the Employee’s duties or responsibilities relative to the Employee’s duties or responsibilities in effect immediately prior to such reduction; provided, however, that a reduction in duties or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Financial Officer of Company remains as such following a Change of Control and is not made the Chief Financial Officer of the acquiring corporation) shall not constitute an “Involuntary Termination”; (ii) without the Employee’s express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) without the Employee’s express written consent, a material reduction by the Company in the Base Compensation or Target Incentive of the Employee as in effect immediately prior to such reduction, or the ineligibility of the Employee to continue to participate in any long-term incentive plan of the Company; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee is entitled immediately prior to such reduction with the result that the Employee’s overall benefits package is significantly reduced; (v) the relocation of the Employee to a facility or a location more than 50 miles from the Employee’s then present location, without the Employee’s express written consent; (vi) any purported termination of the Employee by the Company which is not effected for death or Disability or for Cause; or (vii) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 10 below.

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Involuntary Demotion An employee assigned to a lower rated position shall continue to be paid at the employee's current rate of pay until the rate of pay in the new position equals or exceeds it.

  • Involuntary Withdrawal Involuntary withdrawal of a Partner shall include, but not be limited to, the following:

  • Voluntary Resignation (2) Discharge for just cause.

  • Involuntary Reassignment In the absence of volunteers to fill a vacancy internally, the college may administratively reassign from any overstaffed area that qualified faculty member with the lowest seniority.

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