Option Members definition

Option Members means all Members of the Company except the Member who, prior to the proposed transfer or the incident resulting in the proposed transfer of all or a portion of a Membership Interest, owned such interest.
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Option Members has the meaning set forth in Section 9.2.2.
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Option Members are Members who are enrolled in the PacifiCare Point-of-Service Plan and assigned to Medical Group.
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Examples of Option Members in a sentence

  • A program offered to all Community Health Option Members with the goal to empower Members to effective self-manage their chronic conditions.

  • If the Option Members fail, within such 30-day period, to exercise their purchase option (by delivery of written notice) with respect to the entire Membership Interest being transferred, the Option Members shall be deemed to have elected not to exercise their purchase option with respect to such unpurchased Membership Interest.

  • If the Option Members fail, within such 30-day period, to exercise their purchase option (by delivery of written notice) with respect to the entirety of such deceased spouse's interest, the Option Members shall be deemed to have elected not to exercise their purchase option with respect to such unpurchased deceased spouse's interest.

  • For instance, and purely by way of example, in the event of the death of a Member, another Member having actual knowledge of the Member's death may give the notice initially contemplated to be given by a representative of the estate of the deceased Member pursuant to Section 2.3.1 above, whereupon the Option Members' option described in Section 2.3.2 would arise and become exercisable to the same extent as if the notice had been given by the representative of the estate of the deceased Member.

  • Upon any notice of non-exercise (or deemed non-exercise) by the Member, the Option Members shall then have, and may exercise within 30 days after receipt of such non-exercise (or deemed non-exercise), an option to purchase all or any portion of the departing spouse's interest, for the price and upon the other terms hereinafter provided.

  • The Option Members shall have, and may exercise within 30 days after receipt of the notice of death, an option to purchase all or any portion of the Membership Interest of the deceased Member, for the price and upon the other terms hereinafter provided.

  • If the Option Members fail, within such 30-day period, to exercise their purchase option (by delivery of written notice) with respect to the entirety of such Membership Interest, the Option Members shall be deemed to have elected not to exercise their purchase option with respect to such unpurchased Membership Interest.

  • The Option Members shall have, and may exercise within 30 days after receipt of the notice of the applicable exercise event, an option to purchase all or any portion of the Membership Interest the bankrupt or transferring Member intends to transfer, for the price and upon the other terms hereinafter provided.

  • Upon any notice of non-exercise (or deemed non-exercise) by the Member, the Option Members shall then have, and may exercise within 30 days after receipt of such non-exercise (or deemed non-exercise), an option to purchase all or any portion of the deceased spouse's interest, for the price and upon the other terms hereinafter provided.

  • If the Option Members fail, within such 30-day period, to exercise their purchase option (by delivery of written notice) with respect to the entirety of such departing spouse's interest, the Option Members shall be deemed to have elected not to exercise their purchase option with respect to such unpurchased departing spouse's interest.