Retired Member Sample Clauses

Retired Member. 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.
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Retired Member. Membership is open to any retired employee who was an active 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.
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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 A Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a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.
Sample 1
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Section 10.4, a Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a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.
Sample 1
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.
Sample 1

Related to Retired Member

  • Death of Member Upon the death of the Member, the Company shall be dissolved. By separate written documentation, the Member shall designate and appoint the individual who will wind down the Company’s business and transfer or distribute the Member's Interests and Capital Account as designated by the Member or as may otherwise be required by law.

  • 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.

  • Member The Member owns 100% of the limited liability company interests in the Company.

  • Spouse The spouse of an eligible employee (if legally married under Minnesota law). For the purposes of health insurance coverage, if that spouse works full-time for an organization employing more than one hundred (100) people and elects to receive either credits or cash (1) in place of health insurance or health coverage or (2) in addition to a health plan with a seven hundred and fifty dollar ($750) or greater deductible through his/her employing organization, he/she is not eligible to be a covered dependent for the purposes of this Article. If both spouses work for the State or another organization participating in the State's Group Insurance Program, neither spouse may be covered as a dependent by the other, unless one spouse is not eligible for a full Employer Contribution as defined in Section 3A. Effective January 1, 2015 if both spouses work for the State or another organization participating in the State’s Group Insurance Program, a spouse may be covered as a dependent by the other.

  • 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.”

  • Member Capital Contributions (Check One)

  • Limited Partner The name and address of the New Limited Partner of the Partnership is 0000 X. Xxxx Xxxxx Xxxxxxxxx, 0xx Xxxxx, Xxxxx, Xxxxxxx 00000. 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.”

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Substitute Members No Member shall have the right to substitute a transferee of all or any part of such Member’s Units in its place, except as provided in this Article 11. Any such transferee of Unit(s) (whether pursuant to a voluntary or involuntary Transfer) shall be admitted to the Company as a Substitute Member only (i) with the consent of the Manager granted at its sole discretion, (ii) by satisfying the requirements of this Article 11, and (iii) upon the receipt of all necessary consents of governmental and regulatory authorities. Persons who become Substitute Members pursuant to Article 11.5 need not comply with clause (i) of the preceding sentence. Each transferee of all or part of a Member's Membership Units, as a condition to its admission as a Substitute Member, shall execute and acknowledge such instruments, in form and substance satisfactory to the Manager, as the Manager reasonably deems necessary or desirable to effectuate such admission and to confirm the agreement of such person to be bound by all the terms and provisions of this Agreement with respect to the Membership Units acquired. All reasonable expenses, including attorneys’ fees, incurred by the Company in this connection shall be borne by such person.

  • 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.

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