Excluded Member definition

Excluded Member means any Member that is an Affiliate of the Majority Member.

Excluded Member means any person or entity who falls within the Settlement Class definition but who elects to be excluded from the Settlement Class and submits a valid Request for Exclusion.

Excluded Member means a Member who, at the time the Company proposes to sell or issue any Equity Securities, either (a) is not an “accredited investor” (as such term is defined under the Securities Act), or (b) has materially breached any noncompetition, nonsolicitation or confidentiality provision to which such Member is bound pursuant to any Equity Agreement or this Agreement.

Examples of Excluded Member in a sentence

• Following such purchase, the Remaining Members shall continue the operation of the Company independently of the Excluded Member.

• Excluded Member means a Member who is ineligible for Salary Continuance cover because the Member satisfies any one or more of the following: • a Member who has attained the Benefit Expiry Age when their cover commences or re-commences under the policy; • a Member who works less than 15 hours per week on a regular basis when their cover commences or re- commences under the policy; • a Member who is engaged or employed on a Casual basis; and/or • a member who is engaged in an Excluded Occupation.

• Amounts borrowed under the Capex Loans and repaid may not be reborrowed.

• This exclusion does not apply to any such member, partner, stakeholder or other owner of an entity (“Proposed Excluded Member”) who would have an interest greater than 25% if the combined percentages of all other members, partners, stakeholders or other owners (including beneficial interests in trusts) with whom the Proposed Excluded Member has an “Identity of Interest,” or a conflict of interest because of familial relation or common financial interest, exceeds 25%.

• This exclusion does not apply to any such member, partner, stakeholder or other owner of an entity (‘‘Proposed Excluded Member’’) who would have an interest greater than 25% if the combined percentages of all other members, partners, stakeholders or other owners (including beneficial interests in trusts) with whom the Proposed Excluded Member has an ‘‘Identity of Interest,’’ or a conflict of interest because of familial relation or common financial interest, exceeds 25%.

More Definitions of Excluded Member

Excluded Member means a Member that caused a Dissolution Event. ---------------

Excluded Member means a Member who is not an “accredited investor,” as such term is defined under the Securities Act.

Excluded Member means a Member participating in either the Defined Benefit Option or the Defined Contribution Option who is not included in any bargaining unit that is represented by any Stakeholder, as defined in the Amended and Restated Trust Agreement, that is a bargaining agent for Employees, and for greater certainty, an Excluded Member includes an Employee of Aurora or the University of Winnipeg Community Renewal Corporation who is participating in either the Defined Benefit Option or the Defined Contribution Option and otherwise meets the definition for Excluded Member.

Excluded Member means a member whose pensionable remuneration in the first year of his employment during which he is a member does not exceed one quarter of the permitted maximum for the purposes of section 590C of the Income and Corporation Taxes Act 1988(a) (earnings cap) for the year of assessment in which that first year ends);

Excluded Member has the meaning given to such term in Section 5.18(g)(iii).

Excluded Member each of Sims Bird Limited and Xxxx Xxxx Pty Limited at any time when the Bank holds security over the respective company’s Assets;

Excluded Member has the meaning given to such term in Section 5.18(g)(iii). "Excluded Program and Budget" means the Committed Work Program and Budget, the Initial Construction Program and Budget and an MPE Program and Budget.