Owner - Member Clause Samples

Owner - Member. The adjusted Percentage Interest of the Owner Member is calculated by dividing (1) the positive difference, if any, between (a) the sum of (i) 100% of the aggregate Capital Contributions (including Lending Member Default Capital Contributions, but excluding Cram-Down Contributions) then or theretofore made by the Owner Member to the Company ($751,500), plus (ii) 175% of the Cram-Down Contributions then or theretofore made by the Owner Member ($0), minus (b) the sum of (i) the Cram-Down Excess Amounts attributable to the Cram-Down Contributions then or theretofore made by the Investor Member ($4,500) and (ii) the Comfort Member Special Failed Contribution if a Special Make-Up Loan made with respect thereto is being converted ($6000), by (2) the difference between (a) 100% of the aggregate Capital Contributions (including without limitation Cram-Down Contributions and Lending Member Default Capital Contributions,) then or theretofore made by all of the Members ($1,506,000), less (b) any Capital Contribution deemed made by the Comfort Member on account of a Converted Comfort Member Special Failed Contribution ($6,000). This results in a Percentage Interest for the Owner Member of (i) the difference between $751,500 minus $10,500, divided by (ii) $1,500,000 = 49.4%.
Owner - Member. When no journeymen are employed, the pro­ prietor or one of the partnership may become a member of the Union and as such shall be entitled to display the “Union Market Card;” provided further that such proprietor signs this Contract when and if employees are hired.
Owner - Member. An owner, directly or indirectly, employer, contractor, jobber, who works with the tools or anyone who otherwise participates as management in the Sheet Metal Industry who is a member of Local No. 17 shall pay the minimum regular work week hours, per week, (40 hours) to each fringe benefit fund program under the respective collective bargaining agreement. However, if the owner-member workers in excess of the minimum number of hours, he shall pay to those fringe benefit programs for the actual hours worked. Owner-members are the direct or indirect owner or spouse of owner, partner or member who is managing the company on a day-by-day basis. Owner Member Signature Owner Member Printed Name
Owner - Member. Secondary Contact Email Secondary Contact Phone Secondary Contact Fax Secondary Contact Mobile 1 7 Administration Fee Contact Name Administration Fee Contact Email 1 9 Administration Fee Contact Phone 2 0
Owner - Member. When no journeymen are employed, the proprietor or one of the partnership may become a member of the Union and as such shall be entitled to display the “Union Market Card”; provided that such proprietor signs this Contract when and if employees are hired. Vacations A. All full-time employees covered by this Contract who have been employed full-time for the anniversary year shall receive: (1) after one (1) year one (1) weeks’ vacation with pay. * (2) after three (3) years two (2) weeks’ vacation with pay.
Owner - Member. When no journeymen are employed, the pro­ prietor or one of the partnership mav become a member of the Union and as such shall be entitled to display the “Union Market Card;” provided that such proprietor signs this Contract when and if employees are hired. A. All full time emplyees covered by this Con­ tract who have been employed for an annivers- B. Vacation time to be computed from date of employment or anniversary date thereof. It is understood and agreed that vacations will be taken at a time convenient to both the employee and the Employer. It is agreed that the em­ ployee’s vacation will be paid at his/ her current 3 jL weekly rate of pay. It is agreed that the Em- : ployer will consult with, and give due regard to the recommendations of, the Head Meat Cutter in the shop and a Union Representative to determine whether or not a replacement or replacements are necessary when vacations are being taken; provided, however, that after the Employer has fullv considered the recommenda­ tions of the Head Meat Cutter and the Union Representative, and if there is a disagreement between the Employer and the Head Meat Cut- ter and a Union Representative regarding the matter, the Employer’s decision on whether or not a replacement or replacements are needed shall he conclusive. C. After one year’s service, if a full-time em­ ployee is terminated for any reason whatsoever, with exception of dishonesty, or is reduced to part-time status in lieu of lay-off, there shall be paid to said employee salary covering the period of pro-rated vacation to which he/ she is entitled upon termination or reduction to part-time status. D. When a holiday included in this Contract occurs during the calendar week of an em­ ployee’s vacation, the employee will be entitled to an extra day of vacation, or an extra day of 4 "7 pay in lieu thereof if mutually agreed upon prior to the vacation period, provided that the em- ® ployee may have a Union Representative pres­ ent during any discussion with the Employer regarding this matter. E. Should ownership change during the term of this Contract, the present Employer agrees to pay employees for that portion of vacation earned up to date change is made. F. Choice of vacation dates will be granted on the basis of seniority in the market. G. Employees shall be paid their vacation pay prior to their vacation period. Union. n I. After one year of employment any leave of absence totaling 90 days or less in any calendar
Owner - Member. (a) Only one (1) owner-member shall be permitted to work with the tools, and at no time shall and the owner-member be included in any journeymen/apprentice ratios stated herein. (b) Any owner-member working with the tools of the trade shall pay the minimum of (170) one hundred seventy hours per calendar month to all fringe benefit programs under the respective collective bargaining agreement; provided however, that if the owner-member works in excess of the minimum number of hours, he shall pay to all fringe benefit programs for the actual hours worked in accordance with said collective-bargaining agreement.

Related to Owner - Member

  • Owner; Owner; Agent The owner of the Property is ▇▇ ▇▇▇▇▇▇ LLC . Owner has appointed The Scion Group LLC (“Manager”) as its property management agent, authorized to act on behalf of Owner. Written correspondence to any of the above should be directed to: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Providence, RI 02906.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Multi-Member The Members, or their designees, shall maintain complete and accurate records and books of the Company’s transactions in accordance with generally accepted accounting principles. The Company shall furnish each Member, within seventy-five days after the end of each fiscal year, an annual report of the Company including a balance sheet, a profit and loss statement a capital account statement; and the amount of such Member’s share of the Company’s income, gain, losses, deductions and other relevant items for federal income tax purposes. The Company shall prepare all Federal, State and local income tax and information returns for the Company, and shall cause such tax and information returns to be timely filed. Within seventy-five days after the end of each fiscal year, the Company shall forward to each person who was a Member during the preceding fiscal year a true copy of the Company’s information return filed with the Internal Revenue Service for the preceding fiscal year. All elections required or permitted to be made by the Company under the Internal Revenue Code, and the designation of a tax matters partner pursuant to Section 6231(a)(7) of the Internal Revenue Code for all purposes permitted or required by the Code, shall be made by the Company by the affirmative vote or consent of Members holding a majority of the Members’ Percentage Interests. Upon request, the Company shall furnish to each Member, a current list of the names and addresses of all of the Members of the Company, and any other persons or entities having any financial interest in the Company.

  • Owner The term “

  • Limited Partner The name and address of the New Limited Partner of the Partnership is ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇. The names and addresses of any other Limited Partners shall be set forth on Exhibit B, as amended from time to time, attached hereto and incorporated herein by this reference. The Partnership Interest of a Limited Partner shall be referred to herein as a “Limited Partnership Interest.”