Transition Partners Sample Clauses

Transition Partners. Sec. 7.3.1 Compensation of Transition Partner Sec. 7.3.2
Sample 1
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Transition Partners. A Regular Partner who elects to retire, may, upon not less than six (6) months prior written notice to the Firm, retire before age sixty-five (65), and if he or she has attained his or her sixty-fifth birthday, shall retire, commencing on the first day of the fiscal year of the Firm next following said election or birthday. Upon such retirement, he or she shall become a "Transition Partner," and shall continue in such capacity until attaining Retired Partner status. A Transition Partner is encouraged, but is not required, to continue to practice law as a partner in the Firm, but is expected to reduce his or her hours of active practice, to introduce to other members of the Firm those clients with whom the Transition Partner is most familiar, and to turn over to other members of the Firm such legal work on behalf of his or her clients as it may be feasible and appropriate to do. As soon as practicable after achieving the status of Transition Partner, such person shall resign all fiduciary positions (for example, trusteeships and conservatorships) held at the behest of clients of the Firm. A Transition Partner shall no longer be eligible for nomination or election to the Partnership Draw Committee or the Executive Committee of the Firm, but shall be entitled to attend all partnership meetings and to vote at such meetings. A Transition Partner shall not be liable for a capital assessment at any time from and after the date he or she attains the status of Transition Partner. The Firm reserves the right, upon the recommendation of the Firm's Executive Committee, to change the status of a Transition Partner to that of a Retired Partner by a vote of the Regular Partners in the percentage and manner hereinafter set forth. A Transition Partner whose status is thus changed shall continue to receive payments from the Firm equivalent to the payments he or she would have received, and during the same period he or she would have served, as a Transition Partner, but shall not be a partner in the Firm for any purpose whatsoever.
Sample 1

Related to Transition Partners

  • Business Partners Red Hat has entered into agreements with other organizations (“Business Partners”) to promote, market and support certain Software and Services. When Client purchases Software and Services through a Business Partner, Red Hat confirms that it is responsible for providing the Software and Services to Client under the terms of this Agreement. Red Hat is not responsible for (a) the actions of Business Partners, (b) any additional obligations Business Partners have to Client, or (c) any products or services that Business Partners supply to Client under any separate agreements between a Business Partner and Client.

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  • Additional Partners (a) Effective on the first day of any month (or on such other date as shall be determined by the General Partner in its sole discretion), the General Partner shall have the right to admit one or more additional or substitute persons into the Partnership as Limited Partners or Special Partners. Each such person shall make the representations and certifications with respect to itself set forth in Section 3.6 and Section 3.7. The General Partner shall determine and negotiate with the additional Partner (which term shall include, without limitation, any substitute Partner) all terms of such additional Partner’s participation in the Partnership, including the additional Partner’s initial GP-Related Capital Contribution, Capital Commitment-Related Capital Contribution, GP-Related Profit Sharing Percentage and Capital Commitment Profit Sharing Percentage. Each additional Partner shall have such voting rights as may be determined by the General Partner from time to time unless, upon the admission to the Partnership of any Special Partner, the General Partner shall designate that such Special Partner shall not have such voting rights (any such Special Partner being called a “Nonvoting Special Partner”). Any additional Partner shall, as a condition to becoming a Partner, agree to become a party to, and be bound by the terms and conditions of, the Trust Agreement. If Blackstone or another or subsequent holder of an Investor Note approved by the General Partner for purposes of this Section 6.1(a) shall foreclose upon a Limited Partner’s Investor Note issued to finance such Limited Partner’s purchase of his or her Capital Commitment Interests, Blackstone or such other or subsequent holder shall succeed to such Limited Partner’s Capital Commitment Interests and shall be deemed to have become a Limited Partner to such extent. Any additional Partner may have a GP-Related Partner Interest or a Capital Commitment Partner Interest, without having the other such interest.

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  • New Partners No person shall be admitted as a Partner of the Partnership except with the consent of all the Partners who shall determine the terms and conditions upon which such admission is to be effective.

  • Supportive Services 2.1. Case Management Access Shelter Providers are required to have case management available to participants on site. Participation within case management is voluntary to program participants, however all participants must be offered case management and must be engaged on an ongoing basis to encourage participation. Shelter Providers should recognize that it may take multiple contacts before a participant is ready to engage. Shelter Providers must ensure case management services are participant-centered to individual needs. Programs must provide space for the provision of case management that works to create as much privacy and confidentiality as possible.

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