Member Entity definition
Examples of Member Entity in a sentence
In Witness Hereof, the undersigned have executed this Memorandum as of the date set forth below: Dated: 3/6/2009 Public Risk Innovation, Solutions, and Management Dated: Name Member Entity: As delegated by the Board of Directors, the Executive Committee will determine the specific allocation of all costs among the members subject to the following parameters: An annual actuarial analysis will be performed using loss and exposure data collected from the members.
The Participating Entity seeking to withdraw shall remain responsible for premiums until such time as the Member Entity obtains approval of an amendment from all the Participating Entity governing bodies and is subject to the three-year minimum participation penalties as set forth in paragraph D.1. above.
This MOA shall become effective, and the Collaborative shall be established when four (4) Member Entities have authorized its execution and when the fourth Member Entity has executed the agreement, notwithstanding additional entities’ execution thereafter.