Excluded Member definition

Excluded Member means any person or entity who falls within the Settlement Class definition but who elects to be excluded from the Settlement Class and submits a valid Request for Exclusion.

Excluded Member means any Member that is an Affiliate of the Majority Member.

Excluded Member means a Member who is not an “accredited investor,” as such term is defined under the Securities Act.

Examples of Excluded Member in a sentence

• Following such purchase, the Remaining Members shall continue the operation of the Company independently of the Excluded Member.

• Upon such vote by the Remaining Members to continue the business of the Company, the Excluded Member shall have no further right to participate, in any way, in the business of the Company (specifically including the right to receive distributions from, or to share in the Net Profits, Net Losses or similar items of, the Company or to approve Company actions).

• Executive Supplemental Pension Plan (as such term is defined in such plan) and (2) holds a position of Senior Vice President or above (an ‘Excluded Member’), then, beginning with the Plan Year following the year in which a Member becomes an Excluded Member, such Member shall no longer receive matching credits under Section 4.1(a) of the Plan.

• Proceeds received from the issuance of such Unit shall be used to repay the Demand Loans to the Lending Members and then distributed to the Members in proportion to the additional Capital Contributions they made to acquire the Unit of the Excluded Member.

• At closing, the Excluded Member shall be paid in cash the Unit Distributable Value.

More Definitions of Excluded Member

Excluded Member means a Member that caused a Dissolution Event. ---------------

Excluded Member means any Member (a) who is not an “accredited investor” (within the meaning of Rule 501(a) promulgated by the Securities and Exchange Commission), (b) whose Participation Portion is less than 10%, or (c) who is an employee, consultant or service provider of the Company or any of its Subsidiaries, if such Member is in breach of any noncompetition, nonsolicitation, confidentiality or similar restrictive provision to which such Member is bound pursuant to any employment agreement or other agreement between such Member and the Company or any of its Subsidiaries.

Excluded Member means a Member who, at the time the Company proposes to sell or issue any Equity Securities, either (a) is not an “accredited investor” (as such term is defined under the Securities Act), or (b) has materially breached any noncompetition, nonsolicitation or confidentiality provision to which such Member is bound pursuant to any Equity Agreement or this Agreement.

Excluded Member means a Member participating in either the Defined Benefit Option or the Defined Contribution Option who is not included in any bargaining unit that is represented by any Stakeholder, as defined in the Amended and Restated Trust Agreement, that is a bargaining agent for Employees, and for greater certainty, an Excluded Member includes an Employee of Aurora or the University of Winnipeg Community Renewal Corporation who is participating in either the Defined Benefit Option or the Defined Contribution Option and otherwise meets the definition for Excluded Member.

Excluded Member means a member whose pensionable remuneration in the first year of his employment during which he is a member does not exceed one quarter of the permitted maximum for the purposes of section 590C of the Income and Corporation Taxes Act 1988(a) (earnings cap) for the year of assessment in which that first year ends);

Excluded Member means with respect to voluntary cover only, a member who is ineligible for voluntary cover because he or she does not work in an occupation for which cover is available under this Policy.

Excluded Member has the meaning given to such term in Section 5.18(g)(iii).