Retirement of a Member Sample Clauses

Retirement of a Member. In the event of a written notification by a member of OECTASA, to the Association, of his/her retirement, the General Secretary shall provide a copy to the President of OECTASA. At the request of OECTASA a meeting shall be convened with the General Secretary to clarify any issues related to the member’s retirement.
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Retirement of a Member. 12.1 Subject to clause 12.4, a member may retire from membership of the LLP by giving not less than three months’ written notice to the LLP and on the expiration of that notice his membership shall terminate.
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Retirement of a Member. Upon the retirement of an individual Member from his practice, the Member has three options: (i) request that his Voting Interest be converted into a Class A Interest, in which case he can continue to hold all of his Membership Interests, or (ii) sell the Membership Interests owned by him to a Participating Provider who is already a Member of the Company, provided, that his Class B Membership Interest sold shall be automatically converted into a Class A Interest, or (iii) within two years of the date of his retirement, find a purchaser for his practice or his interest in his group practice and sell his Membership Interest to the purchaser of such practice or Interest, subject to the purchaser joining the appropriate Practice Association, satisfying the credentialing criteria of the Practice Association and obtaining the consent of the Board of Managers. In the event such purchaser is a Participating Provider in a Practice Association, any Class B Membership Interest sold shall be automatically exchanged for one Class A Membership Interest.
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Retirement of a Member. The Retirement of a Member shall not dissolve or terminate the Company. In the event of a Member's death, the legal representative of the Retired Member shall be the assignee of the Retired Member's Units and may become a Substitute Member upon compliance with the provisions of Section 9.04 hereof. The estate of the Retired Member shall be liable for all of the Retired Member's liabilities and obligations to the Company as a Member.
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Related to Retirement of a Member

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

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