Inactive Members definition

Inactive Members means Deferred Pensioners and Pensioners, and “Inactive Member” shall mean any one of them;
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Inactive Members are Members who, at the time of determination, (1) have resigned from Active or Provisional Member status or have been removed from Active or Provisional Member status and (2) are still awaiting payment of distributions from their ICA. Except as otherwise expressly indicated in this Agreement, Inactive Members do not have voting rights. Inactive Members may not undertake any kind of activity on behalf of the Company and automatically cease to be Members (a) upon the Company’s full payment of any distributions due to an Inactive Member from such Inactive Member’s ICA or (b) as may otherwise be agreed upon between the Company and such Inactive Member.
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Examples of Inactive Members in a sentence

  • Inactive Members, as defined in Section 5.9 of these Bylaws, will not be counted in determining a quorum at Member, Member Class or subclass meetings.

  • Inactive Members are those sites which indicate they do not wish to accept an intern for the next training year, but would like to remain a member of the Consortium.

  • Inactive Members are required to continue attending the monthly Training Director’s Meetings and any required annual paperwork as requested by the Executive Office.

  • The Vested Accounts of all Inactive Members may be segregated and invested separately from the Accounts of all other Members.

  • Inactive Members are required to continue attending the monthly Training Director’s Meetings and any required annual paperwork as requested by the Administrative Office.

  • The Company shall have the first option to purchase the Inactive Member's Interest.

  • Inactive Members, as defined in Section 5.9 of these Bylaws, will not be counted in determining a quorum at membership or Member Class meetings.

  • The Non-Union Appointee and Inactive Members Appointee shall be required to have the Personal Characteristics but not the Competencies.

  • The Plan, this Agreement, any document prepared in connection with this Agreement, the Plan or the Fund, and all of the Sponsor Body’s decisions, rules, regulations, policies and procedures made or established in accordance with this Agreement, the Plan or the Fund, shall be binding on the Representatives, the Parties, the Corporation, the Members, the Inactive Members and their respective beneficiaries, dependents, estates, heirs, executors, administrators, successors and assigns.

  • If an Inactive Member's Vested Account is not payable under the provisions of Section 10.11, he may elect, but is not required, to receive a distribution of his Vested Account after he ceases to be an Employee.