Remaining Members Clause Samples
The 'Remaining Members' clause defines the rights and responsibilities of members who continue to be part of an organization or entity after one or more members have departed. Typically, this clause outlines how the remaining members may proceed with decision-making, manage the entity’s affairs, or admit new members in the absence of the departed individuals. Its core practical function is to ensure continuity and provide a clear process for governance and operations when membership changes, thereby preventing disputes or operational paralysis.
Remaining Members. Up to two percent (2%) of the base, Step 0, Column A at an hourly rate calculated to be .0007 times Step 0, Column A of the Teachers' Salary Schedule. This is also at an hourly rate not to exceed the amount specified.
Remaining Members. 7 2.53 REMOVAL....................................................7 2.54 RESIGNATION................................................7 2.55 REVALUATION................................................8 2.56
Remaining Members. “Remaining Members” has the meaning set forth in Section 10.1.
Remaining Members. In the event of the Dissociation of a Member-Manager, all of the Members at the time of such Dissociation other than the Member who has dissociated. In the event of a Member-Manager who has any potential conflict of interest or transaction between a Member-Manager and the Company, the Members not having the potential conflict of interest or participating in the transaction.