Termination of Membership Interest. Upon the transfer of a Member's Membership Interest in violation of this Agreement or the occurrence of a Dissolution Event as to such Member that does not result in the dissolution of the LLC, the CEO shall terminate the Membership Interest of a Member.
Appears in 2 contracts
Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)
Termination of Membership Interest. Upon the transfer of a Member's Membership Interest in violation of this Agreement or the occurrence of a Dissolution Event as to such Member that does not result in the dissolution of the LLC, the CEO CHAIRMAN shall terminate the Membership Interest of a Member.
Appears in 1 contract
Samples: Operating Agreement (Vertical Computer Systems Inc)
Termination of Membership Interest. Upon the transfer Transfer of a Member's ’s Membership Interest in violation of this Agreement or the occurrence of a Dissolution Event as to such Member that does not result in the dissolution of the LLC, the CEO Executive Committee shall terminate the Membership Interest of a Member.
Appears in 1 contract
Samples: Operating Agreement
Termination of Membership Interest. Upon the transfer of a Member's Membership Interest in violation of this Agreement Agreement, the withdrawal of a Member in accordance with Section 4.3, or the occurrence of a Dissolution an Event described in Section 1.16 as to such Member that which does not result in the dissolution of the LLCCompany, unless the CEO shall terminate Company consents to the admission of a successor as a Member, the Membership Interest of a MemberMember shall be terminated by the Manager and Articles 7 and 8 shall apply.
Appears in 1 contract
