Dissociation of a Member definition

Dissociation of a Member or "Dissociation" occurs when the Company has notice or knowledge of an event that has terminated a Member's continued Membership in the Company (including an event that leaves a Member without any Governance Rights).
Sample 1

Examples of Dissociation of a Member in a sentence

  • Directors need not be Members, except that the Dissociation of a Member who is also a Director disqualifies the Person from serving as a Director.

  • The Company shall have the right to offset any payments due under this Article VIII by any damages that the Company may incur as a result of a Dissociation of a Member in contravention of this Agreement.

  • Upon the Dissociation of a Member, such Member shall resign all officer and Board positions he or she may hold, if any.

  • In the event of the Dissociation of a Member, all of the Managers appointed by such Dissociated Member shall be immediately and automatically removed as a Manager of the Company, without any further action on the part of the Members or Managers of the Company.

  • SECTION 14.02 AGREEMENT TO GIVE DISSOLUTION AVOIDANCE CONSENT (a) Subject to Section 14.02(b), within 10 days after the Dissociation of a Member each remaining Member will consent to avoid dissolution and continue the existence and business of the Company.

  • Section 12.4 Transfer Upon Dissociation of a Member (Other Than Death or Incompetency)........................................

  • A Dissociation of a Member shall not be considered an Assignment pursuant to the terms of this Agreement.

  • It is agreed that in any such suit (i) the Members mutually agree to institute such suit; (ii) the suit shall be instituted in the names of the Members possessing or entitled to the license and the owner of the patent; and (iii) the expense of such suit or suits shall be borne by the Company, provided there has been no Dissociation of a Member or dissolution of the Company.

  • Although both algo- rithms had been used previously during stand-alone commissioning, further improvements have been introduced, such as inclusion of survey data together with tracks.

  • The Company shall continue despite an Event of Dissociation of a Member who is not a Manager.

Related to Dissociation of a Member

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • Public member means an individual who is not, and never

  • Tribal Member means an enrolled member of the Tribe.

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • General Member means a party, and that party’s Affiliates, that has executed this Project Charter at the General Member level, unless that General Member has withdrawn or been terminated from the Project, or has changed membership level.

  • Vote Limited Member means any Member who beneficially owns 5% or more of the outstanding Class A shares (excluding Masterworks Shares) submits a Vote Limit Certificate to the Board which designates such Member as a Vote Limited Member, either separately or jointly with one or more other Members.

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Panel Member ’ means a member of a panel;

  • appointed member means a member referred to in section 5(1)(a) or (b);

  • Event of dissociation means any of the events listed in Section 8.1 upon which the Member ceases to be a Member.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • elected member means a member of the authority board who:

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Enlisted member means a person in an enlisted grade.

  • Financial Member means a person who has paid the required membership fee and is listed on the Register of Members.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Member Association means any national football association affiliated to FIFA, irrespective of whether its representative team is participating in the Competition.

  • Preferred Member means a Member holding Preferred Units.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Corporate Member means, corporate entity who have entered into a Membership Agreement with DOCOMO BIKESHARE, INC. under the Bicycle Rental (Sharing) system in pursuant to Article 3, such as profit corporations, non-profit corporations, public corporations, and those with juridical personality by law.