Examples of Former Members in a sentence

Within fifteen (15) days after a Dissolution Event, each Remaining Member shall notify the Members in writing of whether (s)he chooses to purchase a portion of the Former Member’s Interest.
Each Purchasing Member shall be entitled to purchase a portion of the Former Member’s Interest in the same proportion as their Membership Interest compared with the percentage interest of all Purchasing Members.
If the Remaining Members fail to purchase the entire interest of the Former Member, the company shall purchase any remaining share of the Former Member’s Interest.
The purchase price for the Former Member’s interest shall be the fair market value of the Former Member’s Interest as determined by agreement of the former Member and the Purchasing Members.
The Company and/or the Remaining Members may purchase the Former Member’s Membership Interest as provided in this Article.

More Definitions of Former Members

Former Members. Interest” 3

Former Members means those members who existed as of the

Former Members means those members who existed as of the day of the conversion.

Former Members means an individual who was enrolled on the Plan and has received their entitled benefit.

Former Members has the meaning set forth in Section 3.1 (ii).

Former Members means the collective reference to PBC-Weston Holdings, LLC, Xxxxxx Xxxxxx, Xxxxx Xxxxxx Xxxxxx, Xxxxxx Xxxxxx, Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxx and Xxxxxx Xxxxxxx.

Former Members. Reserve Fund” means the assets transferred from the Previous Scheme which constitute a reserve on account of unascertained or potential liabilities under the Previous Scheme which can also be applied, by the Trustee, following consultation with the Actuary, to support the overall solvency position of the Scheme or to smooth investment returns over time in the same way as the General Reserve14;