Exempt Member definition

Exempt Member means a final salary member who was a member of the scheme on 30 September 2011 under its rules then in force and was aged 55 or over at 1 October 2011. An exempt member who ceases service and who becomes a member again shall remain an exempt member in respect of service both before ceasing service and after becoming a member again, if the period between ceasing service and becoming a member again is no more than six months. Such an exempt member shall not remain an exempt member, in respect of service after becoming a member again, if the period between ceasing service and becoming a member again is more than six months.
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Exempt Member means a member in relation to whom a declaration is in force under Section 36;
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Exempt Member means a Member who has applied to ASIC for the Scheme to comply with the requirements of one of the exemptions from Section 601ED of the Act contemplated by PS160 and whose application is granted by ASIC and does not include an Operator Member;
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Examples of Exempt Member in a sentence

  • The grant of Exempt Member Status shall not require any member to resign or lose any other privileges of membership.

  • The total number of Exempt Member positions allowed will be unlimited.

  • A customer service inspection certification form, must be completed, signed by the person performing the inspection, and filed with Manville before water service will be provided or continued.

  • The Exempt Member will be allowed to respond to emergency calls when the member is available to respond.

  • After classification as an Exempt Member, such member shall be excused from general membership training requirements and emergency response requirements.

  • The Company will operate and make investments in a manner that will not cause a any Tax Exempt Member or beneficial owner thereof to realize any “unrelated business taxable income” within the meaning of Sections 512 through 514 of the Code or any item of gross income that would be included in determining such Member’s (or beneficial owner’s) unrelated business taxable income.

  • Additionally, if you are a person who would be an ADF Super member if you had not chosen a fund - in which case you must tell us.If you were previously a PMIF Exempt Member and you have not satisfied the minimum age and balance requirements or opted in to have or keep your cover, your cover will not continue automatically in the Retained category.

  • Medically Exempt individuals are identified through: (i) a Medically Exempt Member survey, and (ii) Medically Exempt attestation and referral form.

  • This Resolution was taken out of order and approved – see above.] 2022-10-002 – UDIG NY PARTICIPATING MEMBER AGREEMENTa. UDig NY Exempt Member Agreement Motion by Board Member Asklar and seconded by Board Member Larkin to approve.

  • Such gain or loss may be taxable to the Tax Exempt Member to the extent that such difference constitutes UBTI.


More Definitions of Exempt Member

Exempt Member means a Member who has retired or met such other criteria as may be prescribed by the Board and who qualifies for an exemption from fees pursuant to By-law 503;
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Exempt Member means a full bank or finance company which has been exempted by the Authority under section 6 from the requirement to be a Scheme member;
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Exempt Member means an Employee who is part of the Exempt Employee Group.
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Exempt Member means a final salary member who was a member of the schemeon 30 September 2011 under its rules then in force and was aged 55 or over at
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Related to Exempt Member

  • Unit Member means any certificated employee of the district who is included in the appropriate unit as defined in Article 2 and therefore covered by the terms and provisions of this Agreement.

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • Student Member means the member of ICCB who has been selected by ICCB's Student Advisory Committee. The student member has all the privileges of membership defined in Section 2-3 of the Act.

  • Management Member means any Member that is an employee of the Company or any of its Subsidiaries.

  • Bankrupt Member means any member (a) that (i) makes an assignment for the benefit of creditors; (ii) files a voluntary petition in bankruptcy; (iii) is adjudged a bankrupt or insolvent, or has entered against such Member an order for relief, in any bankruptcy or insolvency proceedings; (iv) files a petition or answer seeking for the Member any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any statute, law or regulation; (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against the Member in any proceeding of the type described in subclauses (i) through (iv) of this clause (a); or (vi) seeks, consents to, or acquiesces in the appointment of a trustee, receiver or liquidator of the Member or of all or any substantial part of the Member's properties; or (b) against which, a proceeding seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law or regulation has been commenced and one hundred twenty (120) days have expired without dismissal thereof or with respect to which, without the Member's consent or acquiescence, a trustee, receiver or liquidator of the Member or of all or any substantial part of the Member's properties has been appointed and ninety (90) days have expired without the appointment having been vacated or stayed, or ninety (90) days have expired after the date of expiration of a stay, if the appointment has not previously been vacated. The foregoing is intended to and shall supersede and replace the events of bankruptcy described in Sections 18-304(a) and (b) of the Act.

  • Management Members shall have the meaning set forth in the introductory paragraph of this Agreement.

  • Subject Member means an elected member or co-opted member of the County Council against whom a complaint has been made alleging a breach the Code of Conduct.

  • Bargaining Unit Member or “employee” means a University employee who is included in the bargaining unit as defined in Article 2: “Recognition and Scope”.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Grandfathered Stockholder has the meaning set forth in Section 1.1.

  • Exempt Investor means any of the following Irish Residents: (i) the Administrator, for so

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

  • Permitted Holder means (a) Xxxxxxx X. Xxxxxxx, (b) any of his immediate family members or his or their respective heirs by operation of law, will or intestacy or (c) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding a 50.1% or more controlling interest of which consist of Xxxxxxx X. Xxxxxxx and/or his immediate family members.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

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

  • Inactive member means a member of the pension program or the individual account pro-

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • FTR Holder means the PJM Member that has acquired and possesses an FTR.

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

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • 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.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).