Regular Plus Members Sample Clauses

Regular Plus Members. The Club may use this class of membership for Regular Members who have made a full premium contribution towards the Club’s ownership of aircraft. The Board of Directors will determine at the beginning of each year the maximum number of total Regular Memberships for the Club, which cannot be less than the number of members currently in the Club. The Board of Directors will base this on the number of current or anticipated aircraft, the total hours flown on each aircraft the previous year, and the availability of aircraft the previous year. In general, the Board of Directors will manage the maximum number of Regular Members with the goal of limiting the total hourly usage of each aircraft to below 300 hours per year. The number of Regular Members may not exceed ONE-HUNDRED (100), no matter how many aircraft the Club has.
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Regular Plus Members. If the Club owns any aircraft and has any Regular Plus Members, then these Members will receive 10% of the sold value (minus any costs associated with the sale and any loan repayment) of the aircraft and 10% of any maintenance and engine overhaul reserve amounts for that aircraft minus any outstanding dues, fees, or fines of that member.
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Related to Regular Plus Members

  • Regular Employees Service credit shall be the period of employment with the Company and any service restored as per Part A, Item 5.3.

  • Regular Part-Time Employees A regular part-time employee is one who works less than full-time on a regularly scheduled basis. Regular part-time employees accumulate seniority on an hourly basis and are entitled to all benefits outlined in this Collective Agreement. Regular part-time employees shall receive the same perquisites, on a proportionate basis, as granted regular full-time employees.

  • Regular Full-Time Employees A regular full-time employee is one who works full-time on a regularly scheduled basis. Regular full-time employees accumulate seniority and are entitled to all benefits outlined in this Collective Agreement.

  • Regular Employee Seniority for a regular employee is defined as the length of the employee’s continuous employment (whether full-time or part-time) from the date of commencement of regular employment, plus any seniority accrued, while working as a casual employee of the Employer.

  • Regular Hours The regular hours of work each day shall be consecutive except for interruptions for lunch periods.

  • Regular Part-Time A regular part-time employee is someone who has a regular schedule of work providing less than seventy (70) hours bi-weekly.

  • Regular Work Week The regular work week shall be any five (5) consecutive days, Sunday through Saturday, for a total regular work week of forty (40) working hours, subject to the applicable premiums where provided for in this Agreement. Notwithstanding the above, employees may volunteer to work schedules that fall outside of the regular work week of Sunday through Saturday and may do so, upon approval by the Company, and with no penalty cost to the Company, but with applicable premiums as provided for in this Agreement.

  • Regular Part-Time Employee A regular part-time employee is an employee hired to fill a posted part-time position and is regularly pre-scheduled to work.

  • Regular Full-Time Employee A regular, full-time employee is one who is scheduled to work a minimum of forty (40) hours per week, on a regular basis.

  • Regular Vesting Except as otherwise provided in the Plan or in this Section 2, your RSUs will vest ratably in three (3) equal annual increments commencing on the first anniversary of the Date of Grant.

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