Involuntary Transfer definition

Involuntary Transfer means any Transfer of Shares, or proposed Transfer of Shares, (i) in the case of a Member who is a natural person, upon such Member’s death or the entry by a court of competent jurisdiction adjudicating such Member incompetent to manage such Member’s person or such Member’s property; (ii) in the case of a Member that is a trust, the termination of the trust, (iii) in the case of a Member that is a partnership, the dissolution and commencement of winding up of the partnership; (iv) in the case of a Member that is an estate, the distribution by the fiduciary of the estate’s interest in the Company; and (v) in the case of a Member that is a corporation, the filing of a certificate of dissolution, or its equivalent, for the corporation or the revocation of its charter.

Involuntary Transfer means any Transfer of Units by a Member resulting from (i) any seizure under levy of attachment or execution, (ii) any bankruptcy (whether voluntary or involuntary), (iii) any Transfer to a state or to a public officer or agency pursuant to any statute pertaining to escheat or abandoned property, (iv) any divorce or separation agreement or a final decree of a court in a divorce action or (v) death or permanent disability.

Involuntary Transfer has the meaning given in Section 12.4.

Examples of Involuntary Transfer in a sentence

• When a teacher makes a request for an Involuntary Transfer for a unique situation, a Labor Management Committee will convene.

• The terms as set forth in Article 11.4.3, Involuntary Transfer shall not apply as the reassignment shall be temporary due to student attendance.

• If the requested transfer is approved, the displaced probationary teacher will then be assigned as an Involuntary Transfer because the displacement does not cause a continuing contract teacher to become the Involuntary Transfer.

• All teachers who have been involuntarily transferred should attend the Involuntary Transfer Meeting so that they may select their position in seniority order (most to least).

• This committee will review the request and MUST mutually agree that a transfer would be in the best interest of all involved in order for the teacher to be placed in the Involuntary Transfer Process.

More Definitions of Involuntary Transfer

Involuntary Transfer means, with respect to any property or asset of the Company or any Restricted Subsidiary, (a) any damage to such asset that results in an insurance settlement with respect thereto on the basis of a total loss or a constructive or compromised total loss, (b) the confiscation, condemnation, requisition, appropriation or similar taking regarding such asset by any government or instrumentality or agency thereof, including by deed in lieu of condemnation, or (c) foreclosure or other enforcement of a Lien or the exercise by a holder of a Lien of any rights with respect to it.

Involuntary Transfer means reassignment of a student from one school, campus, or academic program, to a different school, campus, or academic program within the District. Involuntary transfer may be for an indefinite period of time or for a fixed period of time.

Involuntary Transfer means a provider has made the decision to transfer an individual without prior approval from the individual.

Involuntary Transfer means a Transfer resulting from the death of a Person or other involuntary Transfer occurring by operation of law.

Involuntary Transfer means a service provider has made the decision to transfer an individual and the individual, or as applicable the individual's legal or designated representative, has not given prior approval.

Involuntary Transfer means, with respect to Restricted Securities of any Member, any involuntary Transfer or Transfer by operation of law of such Restricted Securities (other than to a Permitted Transferee of such Member, or to such Member’s estate upon his death) by or in which such Member shall be deprived or divested of any right, title or interest in or to such Restricted Securities, including (a) by seizure under levy of attachment or execution,

Involuntary Transfer means the movement of a certificated employee from one work location to another work location at a different site without the certificated employee’s agreement.