WITHDRAWAL OF PARTICIPANT. 1. Withdrawal of a Participant from the Consortium shall be effective only once annually on the last day of the Plan Year.
WITHDRAWAL OF PARTICIPANT. A Participant may terminate its participation in any Authority self-insurance, group purchase, or in other programs of the Authority, or from all programs of the Authority and from the Authority itself, following the minimum terms established in accordance with Article XI, section 2, hereof, by giving 90 days advanced written notice, unless another notice period is adopted by the Board. A withdrawing Participant shall remain liable for any unpaid contribution which shall have accrued under any program or coverage agreement it may have accepted, and for any liability it may have to the Authority itself, through the effective date of termination. Upon its voluntary withdrawal or its termination as a Participant in the Authority or any program of the Authority, a former Participant becomes ineligible to participate in any program of self-insurance of the Authority, except that the rights of a Participant after termination shall be limited to those benefits, such as the defense and indemnity of claims covered under coverage agreements issued by the Authority, which have accrued as of the date of termination as determined by the provisions of the applicable program. A withdrawing or terminating Participant shall have no other rights in any assets of the Authority or of any program of the Authority, whether denominated as equity, surplus, contributions or otherwise, except upon windup of the program or the Authority.
WITHDRAWAL OF PARTICIPANT. 1. Withdrawal from the Plan shall be effective only once annually on the last day of the Plan year, June 30th.
WITHDRAWAL OF PARTICIPANT. In the event that a student withdraws from a Xxxxx & Xxxxx overseas program, or is dismissed from the program, the following fees will apply: If withdrawal occurs three months or more before the beginning of the semester (based on the Xxxxx & Xxxxx academic calendar) the Participant will be responsible for the $300 non-refundable deposit. If withdrawal occurs less than three months before the beginning of the semester (based on the Xxxxx & Xxxxx academic calendar) the Participant will be responsible for paying a penalty of $3,000 (includes non-refundable deposit). If withdrawal occurs at, or after, the beginning of the semester, tuition and program fees will be prorated on a per-day basis, up to the 60-percent point in the semester. After the 60-percent point in the semester, charges for tuition and program fees are not adjusted. Deadlines for this purpose are the standard deadlines for the relevant term as provided in the Xxxxx & Xxxxx College of Arts and Sciences academic calendar, regardless of the actual start and end dates of any particular program. The College reserves the right to add any fees incurred by Participant to Participant’s student account, and to refuse registration, provision of transcripts and issuance of degrees until all fees are paid in full.
WITHDRAWAL OF PARTICIPANT. In the event of the withdrawal of a Participant prior to the termination of this Agreement or of a Pool, Program Funds attributable to contributions of such Participant shall not be returned to such Participant.
WITHDRAWAL OF PARTICIPANT. No Participant may withdraw from this Agreement without the unanimous consent ofall other Participants. Once Project Debt obligations have been incurred by the Authority, no Participant may withdraw from this Agreement without the unanimous consent of (1) all other Participants, and (2) all holders or owners of Project Debt. Such consent to withdrawal shall be conditioned upon satisfaction of such Participant’s legal obligations, including repayment of its portion of any debt incurred, with regard to the Project or the Authority, or after making contractual provisions for the repayment of its portion of any debt incurred, with regard to the Project or the Authority, with such arrangements subject to the approval of the Committee and the Authority, in their sole discretion, as well as pledging to pay the withdrawing Participant’s anticipated Project Contribution Amounts for operation of the Project for the current and succeeding fiscal year following the effective date of withdrawal. No Participant seeking withdrawal shall retain, without the unanimous consent of the remaining Participants, any rights to contributions made by such Participant, to any Project property, or to any revenue sharing as allowed in this Agreement. If the remaining Participants do not unanimously approve a requested withdrawal, then the Participant seeking to withdraw shall not be relieved of funding its Project Contribution Amount, or of any other monetary and non-monetary obligations under this Agreement. Upon any such approved withdrawal, the remaining Participants and the Committee will determine a new allocation of the Contribution Proportions and any other related obligations under this Agreement, and may amend or other modify the Contribution Proportions and other obligations in any appropriate manner. Any withdrawal by a Participant must be in accordance with Article 10 of the EVRIFA Agreement, and in accordance with Virginia Code Section 15.2-6415 (1950), as may be amended or replaced from time to time.
WITHDRAWAL OF PARTICIPANT. 1. Withdrawal of a Participant from the Consortium shall be effective at the end of the term of this Agreement.
WITHDRAWAL OF PARTICIPANT. A Participant may withdraw as a Participant hereunder or withdraw discrete bargaining units or other recognized groups of employees by giving unconditional written notice of such withdrawal to the Chairperson of the Trust. The Trustees may in the Bylaws establish additional procedures for such notice. Such withdrawal shall become effective on the next succeeding carrier contract renewal date that is at least one hundred eighty (180) days after the notice. The Board of Trustees may in its sole discretion permit withdrawal on such other notice or terms as it may determine. The withdrawal of any Participant shall not relieve the Participant of any responsibility for payment of such Participant’s portion of the group health insurance premium or other expenses under this Agreement as the Trustees shall determine. Upon withdrawal, the withdrawing Participant shall also be directly liable to the insurers for any unpaid premiums and for any coverage provided to such Participant or its employees.
