Involuntary Termination of Membership Sample Clauses

Involuntary Termination of Membership. A Member’s membership with CPCNH may be terminated by a two-thirds (2/3) vote of the entire Board of Directors, with the exception of the terminated Member’s representative if they are also a Director, for reasons deemed good and sufficient by the voting Directors. Default under a Project Contract, failure to satisfy the material terms of its Cost Sharing Agreement, as defined in the JPA, with the Corporation, and material non-compliance with the provisions of the JPA are each ground for terminating membership.
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Involuntary Termination of Membership. (a) The Membership of a Member shall terminate upon his death;
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Involuntary Termination of Membership. The Board of Directors may terminate a Member’s membership pursuant to the Finance Agency’s regulations. A Member whose membership is terminated involuntarily shall cease being a Member as of the date on which the Board of Directors acts to terminate the membership, and the institution shall have no right to obtain any of the benefits of membership after that date, but shall be entitled to receive any dividends declared on its Capital Stock until the Capital Stock is redeemed or repurchased by the Bank.
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Involuntary Termination of Membership. “Involuntary Termination” of membership includes removal from the band program for disciplinary issues, OR medical release. Should life circumstances (i.e. loss of employment) cause a student to not be able to participate/travel, we will meet to discuss the situation case-by-case with each family and our administrator to determine a refund plan. If your membership is terminated due to grade ineligibility or flagrant misbehavior (destruction of property, insubordination, fighting, hazing) you shall receive NO refund. Withdrawal Date Enhancement Fee Payment Forfeited Prior to June 1st $250 After June 1st 25% forfeited
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Involuntary Termination of Membership. If a member discontinues membership with the Corps due to performance considerations, the member will not be eligible for a refund. If a member discontinues membership with the Corps due to injury/health reasons (determined by Spirit of Atlanta Management and/or appropriate medical staff), the Member can petition the Spirit of Atlanta Exeutive Management in writing for a refund as stated above. VOLUNTARY TERMINATION OF MEMBERSHIP If a member discontinues membership with the Corps by his/her own choosing no refund will be made. Voluntary Termination includes family emergencies.
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Involuntary Termination of Membership. (a) The Board may terminate any Member on the good faith determination that such Member has to a material or serious degree violated these By-laws, the Articles of Incorporation, the terms of the Membership Agreement executed by such Member, any duly adopted resolutions of the Board of Directors or the rules of conduct of the Corporation as established by the Board of Directors, or has engaged in conduct materially and seriously prejudicial to the purposes and interests of the Corporation. If no fewer than one-third (1/3) of the Directors submit a written request to the Secretary calling for the termination of a Member, then within forty-five (45) days of receiving the appropriate number of requests, the Secretary will call a meeting of the Board. At the meeting, the Member that is being considered for termination must be given the opportunity to make a statement. If the Member does not attend the meeting after receiving proper notice, which shall be no less than 15 days, then no such opportunity needs to be given.
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Involuntary Termination of Membership. If Involuntary Termination of membership includes removal from the band program for medical release (injury) or life circumstances change (ie loss of employment) cause a student to not be able to participate/travel, we will meet to discuss the situation case-by-case with each family and our administrator to determine a refund plan. Where possible, we want to be supportive in these situations. If involuntary termination of membership includes removal from the band program for flagrant misbehavior, recurring discipline issues, insubordination (destruction of property, fighting, hazing, etc.) or poor attendance there will be no refund issued. ------------PLEASE SIGN BELOW AND RETURN WITH OR PRIOR TO YOUR FIRST PAYMENT------------- I understand the financial obligations of membership in the Xxxxxxxxx XX Colorguard and am committing to membership. I understand that I need to remain current with my payments in order to maintain membership and can be removed from practices and performances if all payments are not made in a timely manner. I have read both this financial agreement and the document titled “Things I need to know about the Xxxxxxxxx Band.” If circumstances arise which will make payment deadlines difficult to meet, I will schedule an appointment with the Head Band Director and come to a financial agreement in writing as soon as is practical. Regarding finances I will make payments: Lump sum (due May 25th) Standard Payment Schedule Member’s Signature Date
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Involuntary Termination of Membership. 3.2.1 Termination for Failure to Timely Pay Application Fees, Annual Fees and Meeting Fees. Membership shall be conditioned upon timely payment of any application fee that the Board of Directors may establish, and the annual membership fee and meeting fees that the Board of Directors shall establish. A Member Company’s membership in the Corporation shall be automatically terminated for failure to pay the annual membership fee or meeting fee within 90 days of the date of the applicable fee invoice.
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Related to Involuntary Termination of Membership

  • Involuntary Termination “Involuntary Termination” shall mean (i) without the Employee’s express written consent, the significant reduction of the Employee’s duties or responsibilities relative to the Employee’s duties or responsibilities in effect immediately prior to such reduction; provided, however, that a reduction in duties or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Financial Officer of Company remains as such following a Change of Control and is not made the Chief Financial Officer of the acquiring corporation) shall not constitute an “Involuntary Termination”; (ii) without the Employee’s express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) without the Employee’s express written consent, a material reduction by the Company in the Base Compensation or Target Incentive of the Employee as in effect immediately prior to such reduction, or the ineligibility of the Employee to continue to participate in any long-term incentive plan of the Company; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee is entitled immediately prior to such reduction with the result that the Employee’s overall benefits package is significantly reduced; (v) the relocation of the Employee to a facility or a location more than 50 miles from the Employee’s then present location, without the Employee’s express written consent; (vi) any purported termination of the Employee by the Company which is not effected for death or Disability or for Cause; or (vii) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 10 below.

  • Involuntary Termination Other Than for Cause If Executive's employment is terminated as a result of an Involuntary Termination other than for Cause, then the following severance benefits shall be paid or otherwise provided to Executive: (A) the Company shall pay to Executive in the form of a lump sum payment, in cash, a severance payment equal to the lesser of (I) three (3) times Executive's Base Salary or (II) Executive's Base Salary multiplied by the sum of (x) the number of years (or any portion thereof, calculated on a daily basis) remaining under this Agreement had Executive's employment not been terminated, plus (y) an additional one-half year, however, in no event shall such payment equal less than 100% of Executive's Base Salary, which shall be paid to Executive within ten (10) days after the date of termination; (B) until the earlier of (I) the date this Agreement would otherwise have terminated had Executive's employment not been terminated (the 'Remaining Term') or (II) the expiration of the three (3) year period measured from the date of Executive's termination of employment. The Company shall at its sole cost and expense provide Executive (and Executive's eligible dependents, if any) with life, disability, and medical insurance benefits substantially similar to those benefits that Executive (and Executive's dependents) were receiving immediately prior to Executive's termination of employment; provided, however, that the benefits otherwise receivable by Executive pursuant to this Section 9(a)(ii)(B) shall be reduced to the extent comparable benefits are concurrently received by Executive (or Executive's dependents) pursuant to a similar plan or program of another employer, and any such other benefits actually received by Executive (or Executive's dependents) must be reported to the Company; and provided further, however, that the insurance coverage provided by the Company pursuant to this Section 9(a)(ii)(B) shall be in lieu of any other continued coverage to which Executive or Executive's dependents would otherwise, at Executive's own expense, be entitled in accordance with the requirements of Internal Revenue Code of 1986, as amended ('Code'), Section 4980B ('COBRA'), by reason of Executive's termination of employment; (C) all stock options, warrants, rights and other Company stock-related awards granted to Executive by the Company that would otherwise have vested or become exercisable at any time in the future shall become fully vested and nonforfeitable upon the date of Executive's termination of employment, the Company's repurchase rights, if any, with respect to those vested shares shall immediately lapse, and each such stock option, to the extent vested, shall remain exercisable for the vested option shares until the expiration or sooner termination of the option term in accordance with the provisions of the agreement evidencing such option; and (D) the Company shall pay or reimburse Executive for any and all expenses incurred by Executive for outplacement services selected by the Executive and approved by the Company, which approval will not be unreasonably withheld, until the earlier of (I) the first anniversary of the date of termination of employment or (II) the date on which Executive commences employment with another employer.

  • Involuntary Termination of Employment If the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason including termination due to disability of the Executive, but excluding termination for Cause, or termination following a Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to record a final Phantom Contribution in an amount equal to: (i) the full Phantom Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Phantom Contributions.

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

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