Retired member Sample Clauses

Retired member. 9.08 A member who has retired and is required to attend court as a witness for cases initiated as a result of duties while an active member shall be paid a flat rate of $75.00 the first (4) four hours and an additional $25.00 for the completion of the day he/she spends in court.
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Retired member. Membership is open to any retired employee who was an active OCSEA member at the time of retirement. Retired members shall have all rights and privileges of an active member, except the right to seek office as a president or vice president and to vote on ratification of a collective bargaining agreement. Retiree membership shall not be available to those persons affiliated with a competing labor organization. A retired member is responsible for payment of his/her own dues on an annual basis.
Retired member. A Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a Retired Member's; and such Person shall be considered a Retired Member for all purposes under the terms of this Agreement.
Retired member. Subject to Section 10.4, a Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a Retired Member's; and such Person shall be considered a Retired Member for all purposes under the terms of this Agreement, provided, however, that a Retired Member shall retain only the -------- ------- portion of his or her Percentage Interest indicated on Schedule B, depending ---------- on whether such withdrawal is due to (i) death, disability or Disassociation ("Category A"), or (ii) withdrawal for any other reason ("Category B"). Disassociation shall mean the retirement of any Member who is an individual on or after such Member reaching sixty (60) years of age. Notwithstanding the foregoing, the Manager Member may accelerate the vesting schedule described above for any Retired Member who is deemed to have withdrawn from the Company, but shall be under no obligation to do so, and may in its discretion do so for one or more Retired Members and not for all Retired Members. The table set forth in Schedule B may not be altered with ---------- respect to any particular Member without such Member's prior written consent.
Retired member. Subject to Section 10.4, a Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a Retired Member's; and such Person shall be considered a Retired Member for all purposes under the terms of this Agreement; provided, -------- however, that a Retired Member shall retain only the portion of his or her ------- Percentage Interest indicated on Schedule B, depending on whether such ---------- withdrawal is due to (i) death or disability ("Category A"), or (ii) withdrawal for any other reason ("Category B"); and provided further that any -------- ------- Retired Member who (a) retires from the Manager Member, and (b) has attained at least sixty (60) years of age shall not have his or her Percentage Interest reduced and Schedule B shall not apply. ---------- Notwithstanding the foregoing, the Manager Member may accelerate the vesting schedule described above for any Retired Member who is deemed to have withdrawn from the Company, but shall be under no obligation to do so, and may in its discretion do so for one or more Retired Members and not for all Retired Members. The table set forth in Schedule B may not be altered with ---------- respect to any particular Member without such Member's prior written consent.

Related to Retired member

  • Dissociation of a Member The withdrawal, resignation, retirement, disability, expulsion, or bankruptcy of a member will terminate the membership of the member in the Company. Such a member will be deemed a “dissociated member.”

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