Members Agreement. 1. A member may be required to furnish a medical report from a licensed physician at any time before or during the time of the use of the Bank. The medical review will be at the member’s expense. The Sick Bank Committee (SBC), defined in Article II, Section 4, Subsection C, of this Agreement, will review each case as required. The SBC reserves the right, if necessary, to limit the number of days granted.
2. A person who has used days from the Bank will be required to repay these days at a rate of five (5) days per year until all days have been paid back. Repayment will begin with the school year immediately following withdrawal of days from the Bank. If a teacher:
a. leaves the employment of the school district before the total number of days is paid back, then the remaining days owed will be deducted from the teacher’s total accumulated sick leave at that time.
b. dies before all days are paid back, the teacher will not be required to pay back the balance owed.
c. who has used days from the Bank after August 17, 1999, and has not paid these days back to the Bank upon retirement, the teacher will be required to pay back all of these days up to one-half of his/her accumulated sick day balance.
3. In consideration of the benefits of participating in the Bank, each applicant for membership in the Bank and for benefits from the Bank shall, as a condition of such application, agree in writing substantially as follows: “I specifically acknowledge and agree that the granting of days from the Sick Bank shall be at the sole discretion of the Sick Bank Committee or, in the event of an appeal, the Appeal Board, and that all decisions of the Sick Bank Committee or the Appeal Board will be final and binding. I further agree to abide by such decisions and to indemnify and hold harmless the Perry Education Association, Perry Township Schools, the Sick Bank Committee, and the Appeal Board and all of their agents for any loss they may sustain as a result of any claim or legal proceedings I may bring against any of them with respect to a decision made by any of them concerning the application.”
4. When a teacher donates days to the Bank, he/she agrees to the above-stated rules for administration of the Bank and agrees to abide by the stated rules.
Members Agreement. 1. A member shall be required to furnish a medical report from a licensed physician at any time before or during the time of use of the Bank. The medical report will be at the member's expense. The SBC reserves the right, if necessary, to limit the number of days granted.
2. In consideration of the benefits of participating in the Bank, each applicant for membership in the Bank and for benefits from the Bank shall, as a condition to such application, agree in writing substantially as follows: "I specifically acknowledge and agree that the granting of days from the Voluntary Sick Leave Bank shall be at the sole discretion of the Sick Bank Committee or, in the event of an appeal, the Appeal Board and that all decisions of the Sick Bank Committee or the Appeal Board will be final and binding and not subject to grievance. I further agree to abide by such decision and to indemnify and hold harmless the Decatur Education Association and the Metropolitan School District of Decatur Township, the Sick Bank Committee and the Appeal Board and all of their agents for any loss they may sustain as a result of any claim or legal proceedings I may bring against any of them with respect to a decision made by any of them concerning this application." When an employee donates days to the Bank, he agrees to the above stated rules for administration of the Bank and agrees to abide by the stated rules.
Members Agreement. Each Member hereby severally agrees that:
(a) it will not transfer all or any part of its Series Interest in the Company except as permitted by this Agreement; and
(b) in no event shall all or any part of a Series Interest be transferred to a minor or an incompetent except in trust or pursuant to the Uniform Gifts to Minors Act or similar applicable state statute.
Members Agreement. 33 (1) A member shall be required to furnish a medical report from a licensed 34 physician upon application for use of the Leave Bank. A member may also 35 be required to furnish a medical report from a licensed physician during the 36 time of use of the Sick Leave Bank. The medical report will be at the 37 member’s expense. The SBC reserves the right, if necessary, to limit the 38 number of days granted. 39 40 (2) Sick Bank participants who have used days from the Bank will be required 41 to contribute one day to the Bank upon their next receipt of sick days.
Members Agreement. The Buyer agrees that Sellers shall be allowed to withdraw from the Company’s accounts the accumulated dividends Sellers would have paid themselves in their ordinary course of the manner in which they managed the business prior to the execution of this Agreement without affecting the operation of the business. It shall be required the approval of the Members holding 100% of the membership Interest in the Company to require additional capital contributions from Members and amend the Operating Agreement. Should the majority of the Members holding more than 50% of the membership Interest in the Company (“Selling Members”) desire to sell or transfer their Membership Interest, they must first give the option to the remaining Members to purchase or acquire such interest under the same terms and conditions as contracted with the third party buyer; if the remaining Members do not wish to acquire the interest as provided herein, the Selling Members must procure that the remaining Members have the right to join in the transaction and sell their minority interest in The Company under the same terms as the Selling Members are transferring their interest. 10-day terms are deemed reasonable each time a response by the remaining members is required pursuant to this paragraph. Should any Member desire to sell or transfer all or part of her/his/its Membership Interest in the Company (“Transacting Member”), such Transacting Member must first give the option to the remaining Members of the Company to purchase or acquire such interest under the terms and conditions provided by such Transacting Member, prorated based on the percentage of membership interest held by the remaining Members desiring to purchase or acquire such interest; if none of the remaining Members wish to purchase or acquire the interest as provided herein, the Transacting Member may proceed with the transfer to a third party buyer under the same terms and conditions as offered to the remaining Members; the terms negotiated with the third party buyer can not differ by 1% or more, the Transacting Member must offer the membership interest again to the remaining Members under such new terms and conditions, and the procedure provided herein shall be follow each time. 10-day terms are deemed reasonable each time a response by the remaining members is required pursuant to this paragraph. In case of IQSTEL Inc. files for bankruptcy protection, Sellers will have the right to repurchase from Buyer the percentage of th...
Members Agreement. 1. A member shall be required to furnish a medical report from a licensed physician at any time before or during the time of use of the leave Bank. The medical report will be at the member's expense. The SBC will review each case as required. The SBC reserves the right, if necessary, to limit the number of days granted.
2. In consideration of the benefits of participating in the Bank, each applicant for membership in the Bank and for benefits from the Bank shall, as a condition to such application, agree in writing substantially as follows: "I specifically acknowledge and agree that the granting of days from the Voluntary Sick Leave Bank shall be at the sole discretion of the Sick Bank Committee or, in the event of an appeal, the Appeal Board and that all decisions of the Sick Bank Committee or the Appeal Board will be final and binding and not subject to grievance. I further agree to abide by such decision and to indemnify and hold harmless the Fayette County School Corporation and the American Federation of Teachers, the Sick Bank Committee, and the Appeal Board and all of their agents for any loss they may sustain as a result of any claim or legal proceedings I may bring against any of them with respect to a decision made by any of them concerning this application."
3. When an employee donates days to the Bank, he agrees to the above stated rules for administration of the Bank and agrees to abide by the stated rules.
Members Agreement. GDSS, the GDSI Shareholders and each of the parties thereto shall have entered into the Members Agreement.
Members Agreement. The Buyer agrees to be bound to the Members’ Agreement or Revival AI LLC upon the close of its purchase of the Membership Interest.
Members Agreement. The Company, the Purchaser and certain members of the Company shall have entered into the Amended Members Agreement.
Members Agreement. As used herein, the term "Member" or "Members" shall include all assignees and transferees of Units who are admitted as Members or Persons who become Members under the provisions of Article X above. As used herein, the term "Agreement" shall include this Agreement as it may be amended from time to time.
