Lapsed member definition

Lapsed member means a member who has failed to pay their annual membership fee or otherwise failed to renew their membership for less than two years past the deadline of midnight on March 31 of a membership year.
Lapsed member means a member non-compliant with the membership requirements of the membership class.
Lapsed member means a person who may renew their membership without penalty for a grace period of 90 days, starting on the day after the day on which their membership expired. If membership is renewed within the 90 day period, voting rights are restored immediately. If the membership is renewed after more than 90 days have passed, the member must wait 30 days from the date of renewal before they may exercise voting rights.

Examples of Lapsed member in a sentence

  • Lapsed member status may also be subject to non-member fees and commission rates.

  • Any Management must have the authority to perform all of your obligations under this Agreement, including all indemnity and insurance obligations.


More Definitions of Lapsed member

Lapsed member means any Member who otherwise would be considered a member in good standing.

Related to Lapsed member

  • 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).

  • Co-opted Member means a person who is not a member of the authority but who-

  • Deferred member means a person who elected to receive deferred vested retirement

  • 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;

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

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • 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.

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

  • Covered service member means a member of the Armed Forces, including a member of the National Guard or Reserves, who is undergoing medical treatment, recuperation, or therapy, is otherwise in outpatient status, or is otherwise on the temporary disability retired list, for a serious injury or illness.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.2.

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

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

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

  • elected member means a member of the authority board who:

  • lay member means a member of the Authority, who is not, nor has been:

  • Bankrupt Member means a Member who: (i) has become the subject of a decree or order for relief under any bankruptcy, insolvency or similar law affecting creditors' rights now existing or hereafter in effect; or (ii) has initiated, either in an original proceeding or by way of answer in any state insolvency or receivership proceeding, an action for liquidation, arrangement, composition, readjustment, dissolution, or similar relief.

  • non-member means a person (national or overseas) who is not a member of the Teaching Service e.g. new graduate, new overseas recruit, resigned teacher etc..

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

  • Insured Member means a member insured under this subdivision.

  • Active member means a member of the pension program or the individual account program

  • 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 Member means a Member holding one or more Class B Ordinary Shares.

  • Plan Member means a person that has assets in a capital accumulation plan;

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