Termination of Membership definition

Termination of Membership means termination of Membership of an active Member by the Company with or without any advance notice and without any obligation to refund any pro-rata Membership Dues for the paid but unused Membership Term, except where the cause for such termination is not attributable to the Member.
Termination of Membership means the time when a Holder's membership on the Board of the Company or of a Parent Corporation or a Subsidiary is terminated for any reason, with or without cause, including, but not by way of limitation, a termination by resignation, discharge, death, total disability or retirement, but excluding (i) terminations where there is a simultaneous reelection to or other reestablishment of membership on the Board of the Company or of a Parent Corporation or a Subsidiary (ii) terminations resulting from the normal expiration of the director's term or (iii) terminations where the Optionee continues a relationship (e.g., as an employee or as a consultant) with the Company, a Parent Corporation or a Subsidiary. The Committee, in its absolute discretion, shall determine the effect of all other matters and questions relating to Termination of Membership, including, but not by way of limitation, the question of whether a Termination of Membership resulted from a discharge for good cause, and all questions of whether particular leaves of absence constitute Terminations of Membership.
Termination of Membership. The Member's membership may be terminated and revoked by SOMC for multiple failures by the Member or by the Member's Guests to comply with the terms of this Agreement, including the Rules and Regulations. Upon such termination, SOMC need not honor any privileges arranged for prior to termination. SOMC shall have no liability for any damages due to the cancellation of membership upon termination.

Examples of Termination of Membership in a sentence

  • The Health Plan will extend benefits for covered Services to Members, without Premium, as defined in the EOC’s Extension of Benefits provision, which can be found in Section 6: Termination of Membership.

  • Additionally, the Health Plan will mail to each Subscriber a written notification of his/her conversion rights, as defined within the EOC’s Conversion of Membership provision, which can be found in Section 6: Termination of Membership.

  • The Friend of Optimist Member shall pay annual dues set forth in these Bylaws and shall be ineligible to serve as an officer of an Optimist Club and/or on the Club Board of Directors, or vote at International and District Conventions or Club meetings and shall be exempt from any action by the Optimist Club’s Board of Directors under Club Bylaw Article V – Termination of Membership.

  • Termination of Membership - You may terminate your membership by withdrawing your minimum required membership share(s), if any, and closing all your accounts.

  • Termination of Membership by the Members, themselves, shall be authorized, with, or without cause, by majority vote of the Membership at the Annual Meeting or a Special Meeting of the Membership called for that purpose.


More Definitions of Termination of Membership

Termination of Membership means the cessation of all membership privileges for the balance of the current membership year, without possibility of reinstatement in the same year. Any application for membership in future years may contain probationary conditions or other requirements.
Termination of Membership. (or similar phrase) means a decision or order of the Discipline Panel that ends the registration or membership of the Respondent Member on a permanent basis;
Termination of Membership means termination of a Member’s membership in the Co- op in accordance with Section 12.1 or 12.2 of the Act, and the effective date of the termination shall be the date of the applicable resolution. MEMBERS AND MEMBERSHIP‌
Termination of Membership means the end of any period of two (2) consecutive Plan Years during which an Active Member has not completed at least three hundred and fifty (350) hours during such two (2) year period for which an Employer has made contributions to the Pension Trust Fund on his behalf.
Termination of Membership means the membership no longer exists.
Termination of Membership means the termination of a Member ‘s agreement of use of services, etc., with the Company.
Termination of Membership means the time when Purchaser no longer serves on the Company's Board of Directors for whatever reason whatsoever, with or without cause.