Retired member Sample Clauses

Retired member. 9.08 A member who has retired and is required to attend court as a witness for cases initiated as a result of duties while an active member shall be paid a flat rate of $75.00 the first (4) four hours and an additional $25.00 for the completion of the day he/she spends in court.
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Retired member. Membership is open to any retired employee who was an active OCSEA member at the time of retirement. Retired members shall have all rights and privileges of an active member, except the right to seek office as a president or vice president and to vote on ratification of a collective bargaining agreement. Retiree membership shall not be available to those persons affiliated with a competing labor organization. A retired member is responsible for payment of his/her own dues on an annual basis.
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Retired member. A Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a Retired Member's; and such Person shall be considered a Retired Member for all purposes under the terms of this Agreement.
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Retired member. Subject to Section 10.4, a Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a Retired Member's; and such Person shall be considered a Retired Member for all purposes under the terms of this Agreement, provided, however, that a Retired Member shall retain only the -------- ------- portion of his or her Percentage Interest indicated on Schedule B, depending ---------- on whether such withdrawal is due to (i) death, disability or Disassociation ("Category A"), or (ii) withdrawal for any other reason ("Category B"). Disassociation shall mean the retirement of any Member who is an individual on or after such Member reaching sixty (60) years of age. Notwithstanding the foregoing, the Manager Member may accelerate the vesting schedule described above for any Retired Member who is deemed to have withdrawn from the Company, but shall be under no obligation to do so, and may in its discretion do so for one or more Retired Members and not for all Retired Members. The table set forth in Schedule B may not be altered with ---------- respect to any particular Member without such Member's prior written consent.
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Retired member. Subject to Section 10.4, a Member who withdraws, or the personal representative or estate of a Member who shall be deemed to have withdrawn, shall retain an interest in the Company as a Retired Member; such former Member's interest in the Company as a Member shall be automatically converted into a Retired Member's; and such Person shall be considered a Retired Member for all purposes under the terms of this Agreement; provided, -------- however, that a Retired Member shall retain only the portion of his or her ------- Percentage Interest indicated on Schedule B, depending on whether such ---------- withdrawal is due to (i) death or disability ("Category A"), or (ii) withdrawal for any other reason ("Category B"); and provided further that any -------- ------- Retired Member who (a) retires from the Manager Member, and (b) has attained at least sixty (60) years of age shall not have his or her Percentage Interest reduced and Schedule B shall not apply. ---------- Notwithstanding the foregoing, the Manager Member may accelerate the vesting schedule described above for any Retired Member who is deemed to have withdrawn from the Company, but shall be under no obligation to do so, and may in its discretion do so for one or more Retired Members and not for all Retired Members. The table set forth in Schedule B may not be altered with ---------- respect to any particular Member without such Member's prior written consent.
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Related to Retired member

  • Special Member Upon the occurrence of any event that causes the Member to cease to be a member of the Company (other than (i) upon an assignment by the Member of all of its limited liability company interest in the Company and the admission of the transferee, or (ii) the resignation of the Member and the admission of an additional member of the Company, (a “Member Cessation Event”)), Springing Member 1 shall, without any action of any Person and simultaneously with the Member Cessation Event, automatically be admitted to the Company as a Special Member and shall continue the Company without dissolution. If, however, at the time of a Member Cessation Event, Springing Member 1 has died or is otherwise no longer able to step into the role of Special Member, then in such event, Springing Member 2 shall, concurrently with the Member Cessation Event, and without any action of any Person and simultaneously with the Member Cessation Event, automatically be admitted to the Company as Special Member and shall continue the Company without dissolution. It is the intent of these provisions that the Company never have more than one Special Member at any particular point in time. No Special Member may resign from the Company or transfer its rights as Special Member unless a successor Special Member has been admitted to the Company as Special Member by executing a counterpart to this Agreement. The Special Member shall automatically cease to be a member of the Company upon the admission to the Company of a substitute member. The Special Member shall be a member of the Company that has no interest in the profits, losses and capital of the Company and has no right to receive any distributions of Company assets. Pursuant to Section 18-301 of the Act, a Special Member shall not be required to make any capital contributions to the Company and shall not receive a limited liability company interest in the Company. A Special Member, in its capacity as Special Member, may not bind the Company. Except as required by any mandatory provision of the Act, a Special Member, in its capacity as Special Member, shall have no right to vote on, approve or otherwise consent to any action by, or matter relating to, the Company, including, without limitation, the merger, consolidation or conversion of the Company. In order to implement the admission to the Company of the Special Member, each of Springing Member 1 and Springing Member 2 shall execute a counterpart to this Agreement. Prior to its admission to the Company as Special Member, neither Mxxxxxx X. Xxxxx nor Jxxxxx B. Xxxxx shall be a member of the Company. The Company shall at all times have a Springing Member 1 and Springing Member 2. No resignation or removal of either Springing Member 1 or Springing Member 2, and no appointment of a successor Springing Member, shall be effective unless and until such successor shall have executed a counterpart to this Agreement. In the event of a vacancy in the position of Springing Member 1 or Springing Member 2, the Member shall, as soon as practicable, appoint a successor Springing Member to fill such vacancy. By signing this Agreement, a springing member agrees that, should such Springing Member become a Special Member, such springing member will be subject to and bound by the provisions of this Agreement applicable to a Special Member.

  • Member The Member owns 100% of the limited liability company interests in the Company.

  • Substitute Member An Assignee who has been admitted to all of the rights of membership pursuant to this Operating Agreement.

  • Dissociation of a Member The withdrawal, resignation, retirement, disability, expulsion, or bankruptcy of a member will terminate the membership of the member in the Company. Such a member will be deemed a “dissociated member.”

  • Registered Members The Company shall be entitled to recognize the exclusive right of a Person registered on its records as the owner of Units for all purposes and shall not be bound to recognize any equitable or other claim to or interest in Units on the part of any other Person, whether or not it shall have express or other notice thereof, except as otherwise provided by the Act or other applicable Law.

  • Limited Partner The name and address of the New Limited Partner of the Partnership is 0000 X. Xxxx Xxxxx Xxxxxxxxx, 0xx Xxxxx, Xxxxx, Xxxxxxx 00000. The names and addresses of any other Limited Partners shall be set forth on Exhibit B, as amended from time to time, attached hereto and incorporated herein by this reference. The Partnership Interest of a Limited Partner shall be referred to herein as a “Limited Partnership Interest.”

  • Substitute Members No transferee of all or part of a Member's Membership Interest shall become a substitute Member in place of the transferor unless and until:

  • Initial Member (a) The name, address and initial Membership Interest of the initial Member is as follows: Name Membership Interest BR Cxxxxxx DFW Portfolio JV, LLC 100% c/o Bluerock Real Estate, L.L.C. 700 Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Substituted Member (a) An assignee of any Units or other interests in the Company of a Member, or any portion thereof, shall become a substituted Member entitled to all the rights of a Member if and only if the assignor gives the assignee such right.

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