Member dies Clause Samples
The 'Member dies' clause outlines the procedures and consequences that occur when a member of an organization, partnership, or company passes away. Typically, this clause specifies how the deceased member's interest or shares are to be handled, such as transferring them to heirs, offering them to remaining members, or triggering a buyout. Its core function is to ensure a clear and orderly transition of ownership or membership rights, thereby preventing disputes and maintaining business continuity after a member's death.
Member dies. The Department will recoup the County capitation payments for the following situations where the Department initiates a change in a member’s County enrollment status on a retroactive basis, reflecting the fact that the County was not able to provide services. In these situations, recoupments for multiple month’s capitation payments are more likely:
Member dies. Deleted: enrollee