1% Member definition

1% Member means, at the time of determination, (a) with respect to an Employee that is employed by the Company Group, an Employee Member holding, together with Units transferred by such Employee Member to, and held by, his or her Permitted Transferees, not less than 1% of all outstanding Units of the Company at such time and (b) with respect to an Employee Member that was, but is no longer, employed by the Company Group, an Employee Member holding, together with Units transferred by such Employee Member to, and held by, his or her Permitted Transferees, not less than 1% of all outstanding Units of the Company on the date of termination of employment of such Employee Member so long as, pursuant to Section 5.07(f), (i) the Managing Member elects to treat such Employee Member as a 1% Member and (ii) the Company Group satisfies its payment obligations to such 1% Member.
Sample 1Sample 2
1% Member means each Member that, together with its Affiliates, holds, as of the applicable date of determination, at least one percent (1%) of the outstanding Common Units.
Sample 1Sample 2
1% Member has the meaning given in the preamble
Sample 1Sample 2

Examples of 1% Member in a sentence

  • Notwithstanding paragraph 1, Member States may provide by law that the placing of direct marketing voice-to-voice calls to end-users who are natural persons shall only be allowed in respect of end-users who are natural persons who have not expressed their objection to receiving those communications.

  • In accordance with the Joint Political Declaration of 28 September 2011 of Member States and the Commission on explanatory documents 1, Member States have undertaken to accompany, in justified cases, the notification of their transposition measures with one or more documents explaining the relationship between the components of a directive and the corresponding parts of national transposition instruments.

  • In cases of imperative need arising from changes in the situation and failing a review of the Council decision as referred to in paragraph 1, Member States may take the necessary measures as a matter of urgency having regard to the general objectives of that decision.

  • In order to be able to continue arranging Agreed Trades in such recategorised Contracts, a RIB Tier 2 Members must first obtain RIB Tier 1 Membership, in accordance with the requirements set out in Regulation 3A.3. 3A.5.5 For the avoidance of doubt, any recategorisation of a RIB Tier 1 Product as a RIB Tier 2 Product (or vice versa) shall not affect the permission of a RIB Tier 1 Member to arrange Agreed Trades in such Contract, in accordance with Regulation 3A.5.2(b) above.

  • When applying the option provided for in paragraph 1, Member States may specify the supplies of goods and services covered, and the categories of suppliers or recipients to whom these measures may apply.

  • Where imported goods are not subject to any of the duties referred to in the second subparagraph of paragraph 1, Member States shall, as regards the chargeable event and the moment when VAT becomes chargeable, apply the provisions in force governing customs duties.

  • Pending the entry into force of the rules referred to in paragraph 1, Member States may maintain their national provisions in force.

  • For the purposes of point (o) of paragraph 1, Member States may introduce any restrictions necessary, in particular as regards the number of events or the amount of receipts which give entitlement to exemption.

  • Pending the entry into force of the provisions referred to in paragraph 1, Member States may limit the scope of the exemptions provided for in points (a) and (b) of Article 148.

  • For example: if the Exchange has prescribed that a Category 1 Member is required to hold 25,000 B Shares and that an LMEprecious General Clearing Member is required to hold 10,000 B Shares, a Candidate seeking to become both a Category 1 Member and an LMEprecious General Clearing Member would be required to hold 25,000 B Shares in total (not 35,000 B Shares).


More Definitions of 1% Member

1% Member means each Member that, together with its Affiliates, holds, as of
Sample 1
1% Member means a person entered in the Register or any branch register as the holder of shares; 'Office' means the Company's registered office; 'Register' means the register of Members of the Company; 'registered address' means the last known address of a Member as noted in the Register; 'Representative' means a person authorised by a Member to act as its representative under Article 48.1; 'Seal' means the Company's common seal; 'Secretary' means any person appointed by the Directors to occupy the position of a secretary of the Company; 'Shareholders Agreement' means the Shareholders agreement dated #1# between #2#; 'Shareholder' means any person being the registered holder of shares; 'shares' means shares in the capital of the Company; 'Simple Majority Vote' means a vote or resolution passed by: (a) in the case of a vote or resolution of the Board, a majority of the Board; or (b) in the case of a vote or resolution of the Shareholders, those Shareholders who together hold more than 50% of the total voting rights of all Shareholders present and entitled to vote;
Sample 1

Related to 1% Member

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • lay member means a member of the Authority, who is not, nor has been:

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Founding Member means any individual who is either:

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Panel Member ’ means a member of a panel;

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Preferred Member means a Member holding Preferred Units.

  • Other Member means a Voting Member who is not an Eligible Account Holder or a Supplemental Eligible Account Holder.

  • Unit Member refers to any employee who is included in the certificated employees' bargaining unit and, therefore, covered by the terms and provisions of this Agreement.

  • Active member means a member of the pension program or the individual account program

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Common Member means a Member holding Common Units.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Unit Holder means the owner of one or more Units.

  • Participating member means an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.