Examples of Effective Date Members in a sentence
Prior to the third anniversary of the Effective Date, Members may not Transfer Voting Interests or Economic Interests except to other Qualified Members or members of their respective Affiliate Groups, nor shall Indirect Transfers of Interests be permitted except in accordance with the provisions of Section 9.4.
On or prior to the Effective Date, Members Mutual shall file an amended and restated certificate of incorporation of Vericity with the Delaware Secretary of State, substantially in the form attached as an exhibit to the Registration Statement.
On the Effective Date, Members shall make the Capital Contributions indicated opposite their respective names on Schedule A.
As of the Effective Date, Members shall elect and appoint Managers to the Board as provided in Section 5.3 of this Agreement.
Effective as of the 1995 Restatement Effective Date, Members' accounts in a Prior Plan were transferred to this Plan.
Upon the Effective Date Members shall have no rights with respect to their interests in Manager other than the right to receive the applicable number of Units in exchange therefor.
Other than the initial Members of the Board of Directors following the Effective Date, Members of the Board of Directors of the Corporation (the "Board") may be elected only by a plurality of the votes cast at the annual meeting of stockholders by the holders of record of the Corporation's issued and outstanding shares of capital stock present in person or represented by proxy and entitled to vote thereat.
Immediately following the admission of the Effective Date Members as members of the Company on the date hereof, the Manager shall cease to be a member of the Company (but shall remain as Manager), and upon such cessation as a member of the Company, the Manager’s $100 capital contribution to the Company shall be returned to the Manager without any interest or deduction and the Manager shall thereafter have no right, power, or interest in the Company as a member of the Company.