Involuntary inactive definition

Involuntary inactive means the status of a current license resulting from the forfeiture, suspension, revocation, termination, or inactive status of a principal broker, broker-in-charge, branch office, or brokerage firm, as the case may be.
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Examples of Involuntary inactive in a sentence

  • Involuntary inactive member: A member who is ill, or moved to a community where no church of like faith exists, and who faithfully supports the church with their tithes or those who, through circumstances beyond their control, cannot faithfully attend this assembly.

  • Involuntary inactive placement will require three-fourths majority vote of active members present in order to pass.

  • Involuntary inactive sisters may become active upon meeting the GPA requirements, and attending three consecutive meetings at her designated chapter.

  • APPLICABLE RULES Involuntary inactive enrollment pursuant to Business and Professions Code section 6007(e) is governed solely by rules 500-503, and rule 300 (interlocutory review).

  • Involuntary inactive members have no privileges of membership and cannot vote.

Related to Involuntary inactive

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company other than for Cause or by reason of Executive’s death or Disability.

  • Voluntary and “Voluntarily” in connection with Executive’s termination of employment shall mean a termination of employment resulting from the initiative of the Executive, excluding a termination of employment attributable to Executive’s death or Disability. A resignation by Executive that is in response to a communicated intent by the Company to discharge Executive other than for Cause is not considered to be “Voluntary” and shall be considered to be a termination by the Company for the purposes of this Agreement.

  • Constructive Termination means:

  • Inactive or "inactivation" means action by the Division to place a license on inactive status in accordance with Sections 58-1-305 and R156-1-305.

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.