Contribution by a Member of Assets in Lieu of Membership Fees Sample Clauses

Contribution by a Member of Assets in Lieu of Membership Fees. As determined by Board Approval (included in the Initial Budget of the Company or otherwise), contribution by a Member of certain assets or funds, including, but not limited to, intellectual property (with the exception of any Contribution (as defined in the Intellectual Property Rights Policy) to the Final Specification), and formation of the Company (as evidenced by written documentation therefore submitted by such Member), shall be accepted by the Company and the Board of Directors in lieu of payment of Membership Fees by such Member, provided the Board of Directors has determined the fair market value of such in-kind payment and any excess value of such assets or funds may not be refunded to the Member submitting the in-kind payment. Notwithstanding the foregoing, the member of the Board of Directors who is designated as a representative of that Member whose contribution of assets or funds in lieu of payment of Membership Fees is considered for acceptance by Board Approval, shall not participate in such Vote.
Sample 1
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Contribution by a Member of Assets in Lieu of Membership Fees. As described on Exhibit A attached hereto or as determined by Board Approval (included in the Initial Budget of the Company or otherwise), contribution by a Member of certain assets or funds, including, but not limited to, intellectual property (with the exception of any Contribution (as defined in the Intellectual Property Rights Policy) to the Final Specification), and formation of the Company (as evidenced by written documentation therefore submitted by such Member), shall be accepted by the Company and the Board of Directors in lieu of payment of Membership Fees by such Member, and to the extent that contribution by a Member of such assets or funds is valued at fair market value in excess of Membership Fees (as described on Exhibit A attached hereto or as determined by Board Approval, as the case may be), then such Member may be compensated therefore by the Company from Membership Fees collected from other Members. Notwithstanding the foregoing, the member of the Board of Directors who is designated as a representative of that Member whose contribution of assets or funds in lieu of payment of Membership Fees is considered for acceptance by Board Approval, shall not participate in such Vote.
Sample 1

Related to Contribution by a Member of Assets in Lieu of Membership Fees

  • Membership Fees 59.01 The Employer shall reimburse an employee for the payment of membership or registration fees to an organization or governing body when the payment of such fees is a requirement for the continuation of the performance of the duties of the employee’s position.

  • Membership Dues Deduction Any unit member who is a member of the Teachers 20 Association of Long Beach, CTA-NEA, or who has applied for membership, may 21 pay a lump sum cash payment to the Association or sign and deliver to the District 22 an assignment authorizing deduction of unified membership dues, initiation fees and 23 general assessments in the Association. Pursuant to such authorization, the District 24 shall deduct one-tenth (1/10) of such dues from the regular salary warrant of the unit 26 authorization after the commencement of the school year shall have deducted one- 28 periods.

  • Annual Membership Fee You agree to pay in advance a nonrefundable annual membership fee shown on page 1, whether or not you use your Card or Credit Card account. The fee will be charged on a periodic statement shortly after you open your Credit Card account and after that in the same month every year. We reserve the right to waive all or a portion of the annual fee.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Membership Dues Association membership dues, as explicitly approved by the Trustees;

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Distribution of Assets In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining shareholders entitled to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise of this Warrant for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets which would have been payable to the holder had such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such distribution.

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