Outgoing Member definition

Outgoing Member. A Member who ceases to be a member of the LLP as a result of death, retirement, expulsion, and bankruptcy in accordance with the terms of this Agreement.
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Outgoing Member means any person who ceases to be, or who has ceased to be, an Ordinary Member of the LLP for any reason.
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Outgoing Member means a Member who ceases to be a Member for whatever reason. Accordingly cl 41 applies to the Defendant notwithstanding that she was expelled from membership of the First Claimant on 13 January 2011.
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Examples of Outgoing Member in a sentence

  • The decision of the Executive Committee on whether to readmit any Outgoing Member will be final and binding.

  • Without prejudice to clause 19.3, an Outgoing Member is not entitled to any share or interest in the property or profit of the Evercore LLP arising after the Outgoing Member’s Date of Outgoing and any Schedule of Terms in place between an Outgoing Member and the Evercore LLP shall terminate on that Outgoing Member’s Date of Outgoing.

  • An Outgoing Member who is a Good Leaver by virtue of clause 19.4(b) shall be entitled to apply to the Executive Committee to be reinstated as a Member on the same terms as applied prior to the Date of Outgoing if, within two years of the Date of Outgoing, that Member has, in the reasonable opinion of the Executive Committee, recovered sufficiently to be able to perform their duties in accordance with their Schedule of Terms.

  • For the avoidance of doubt, the Evercore LLP shall not be obliged to maintain insurance for an Outgoing Member following that Outgoing Member’s Date of Outgoing.

  • With effect from the Date of Outgoing, any amounts owing to an Outgoing Member shall be recorded as third party liabilities of the Evercore LLP rather than as standing to the credit of the Capital Account or Current Account.

  • Upon an Outgoing Member ceasing to be a Member, the Designated Members shall notify the registrar of companies accordingly.

  • Without prejudice to the generality of the foregoing, and in particular without prejudice to the obligation of each Individual Member to further the interests of the Evercore LLP, each Individual Member shall continue to act in good faith with regards to all the other Members and each Outgoing Member shall continue to act in good faith with regards to each other Member, Outgoing Member and the Evercore LLP.

  • An Out-going Member to whom an Appropriated Amount has been paid or applied under sub-clause 22.12 shall have no right or claim against the Fund.

  • Employees are also permitted to challenge this assessment by conducting and presenting a self- appraisal.

  • An Outgoing Member is not entitled to any share or interest in the property of the body corporate arising after his Leaving Date.


More Definitions of Outgoing Member

Outgoing Member has the meaning set forth in Section 7.5.
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Outgoing Member means any person who ceases to be a Member for any reason other than the mutual termination of this Agreement;
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Related to Outgoing Member

  • Founding Member means any individual who is either:

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

  • Transferring Member has the meaning set forth in Section 9.4.

  • Bona fide member means an individual who participates in activities of a qualified organization

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Non-Managing Member means any Member other than the Managing Member (except to the extent the Managing Member holds Non-Managing Member Units).

  • Panel Member ’ means a member of a panel;

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Selling Member has the meaning set forth in Section 10.5(a).

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

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Neutral Member has the meaning provided in Section 2. 1(f)(ii) of this Single Family Shared-Loss Agreement.

  • Contributing Member shall have the meaning set forth in Section 3.2(b).

  • Disposing Member is defined in Section 4.1.

  • Purchasing Member has the meaning set forth in Section 9.2(c).

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Member Representative means an individual who can make OHP-related decisions for a member who is not able to make such decisions themselves.

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Trading Member means a Person who has been approved by Nadex to trade directly and not through a FCM Member on the Market, and does not include any FCM Member.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).