Exempt Member definition

Exempt Member means a final salary member who was a member of the scheme on 30 September 2011 under its rules then in force and was aged 55 or over at 1 October 2011. An exempt member who ceases service and who becomes a member again shall remain an exempt member in respect of service both before ceasing service and after becoming a member again, if the period between ceasing service and becoming a member again is no more than six months. Such an exempt member shall not remain an exempt member, in respect of service after becoming a member again, if the period between ceasing service and becoming a member again is more than six months.
Sample 1Sample 2Sample 3
Exempt Member means a member in relation to whom a declaration is in force under Section 36;
Sample 1Sample 2Sample 3
Exempt Member means a Member who has applied to ASIC for the Scheme to comply with the requirements of one of the exemptions from Section 601ED of the Act contemplated by RG 160 and whose application is granted by ASIC and does not include an Operator Member;
Sample 1

Examples of Exempt Member in a sentence

  • If the assessee has a habitual abode in both the States or in neither of them, the assessee is to be deemed to be resident of the State of which he is a national.

  • If an individual indicates they have limitations in their activities of daily living or receive Social Security Income on their application to receive health care, and are determined to be eligible for the Iowa Health and Wellness Plan, they will receive a Medically Exempt Member Survey.

  • The Exempt Member will be allowed to respond to emergency calls when the member is available to respond.

  • After classification as an Exempt Member, such member shall be excused from general membership training requirements and emergency response requirements.

  • Ten persons entitled to vote upon the business to be transacted, each being a memberShareholder and a Member or an Exempt Member or a proxy for a memberShareholder or a duly authorised representative of a corporation shall be a quorum and Regulation 40 of Table Amodel article 38 shall be modified accordingly.

  • The Company will operate and make investments in a manner that will not cause a any Tax Exempt Member or beneficial owner thereof to realize any “unrelated business taxable income” within the meaning of Sections 512 through 514 of the Code or any item of gross income that would be included in determining such Member’s (or beneficial owner’s) unrelated business taxable income.

  • Appointment of an Exempt Member The JMA provides that the plan member partner appoints one retired plan member and the plan employer partner appoints one person who is an excluded plan member.

  • Inside SuperannuationIn addition to the above:• the end of the period for which premiums have been paid after an Insured Person’s account becomes Inactive, and• the date the Insured Person is no longer a PMIF Exempt Member and does not meet the PMIF Requirements.

  • Under the Sale Agreement, the Company and the Vendors have agreed to enter into this agreement in order to provide the Vendors with certain rights to register shares of the Company's common stock.

  • Any Active Member may become an Exempt Member for the sole purpose of not being required to officiate the minimum number of regular season high school games because of (1) military service, (2) coaching an interscholastic or college lacrosse team or (3) temporary relocation out of New Jersey for emergent business or family reasons.


More Definitions of Exempt Member

Exempt Member means a member who has retired or met such other criteria as may be prescribed by the Board and who qualifies for an exemption from fees pursuant to By-law 403;
Sample 1
Exempt Member means an Employee who is part of the Exempt Employee Group.
Sample 1
Exempt Member means a full bank or finance company which has been exempted by the Authority under section 6 from the requirement to be a Scheme member;
Sample 1
Exempt Member means a final salary member who was a member of the schemeon 30 September 2011 under its rules then in force and was aged 55 or over at
Sample 1

Related to Exempt Member

  • 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.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Permitted Holder means (a) Xxxxxxx X. Xxxxxxx, (b) any of his immediate family members or his or their respective heirs by operation of law, will or intestacy or (c) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding a 50.1% or more controlling interest of which consist of Xxxxxxx X. Xxxxxxx and/or his immediate family members.

  • Inactive member means a member of the pension program or the individual account pro-

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • 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.

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.