Common use of Termination for Conduct Clause in Contracts

Termination for Conduct. Associated Membership of Associated Member shall terminate upon the determination by a majority vote of the Board of Directors after a hearing duly held in accordance with this Section that Associated Member has: (a) failed in a material respect to observe the rules of conduct promulgated from time to time by the Board of Directors and applicable to members; or

Appears in 5 contracts

Samples: Alliance Gold Membership Agreement, Alliance Bronze Membership Agreement, Alliance Silver Membership Agreement

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