Restricted Member definition

Restricted Member means a Member who has limited membership rights under the Plan, as further described in Section 3.4.
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Restricted Member is defined in Section 6.03(c).
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Restricted Member means a Member other than an Unrestricted Member
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Examples of Restricted Member in a sentence

  • In the event that the Company and such Restricted Member do not agree upon a valuation firm within sixty (60) days of the date the Company delivered the Repurchase Notice to such Restricted Member, the Company and such Restricted Member shall each select a reputable valuation firm and instruct the valuation firms to select a third reputable valuation firm.

  • The fees and costs of the valuation firms engaged pursuant to this Article 3.9 shall be borne equally between the Company and such Restricted Member.

  • Upon the automatic redemption of any Restricted Units, the Company shall become the legal and beneficial owner of the Restricted Units so redeemed and all rights and interest therein or related thereto without further action by the Restricted Member.

  • If such Restricted Member fails to deliver a Dispute Notice to the Company within such 20-day period, such Restricted Member shall be deemed to have agreed with and shall be bound by the Repurchase Price proposed in the Repurchase Notice.

  • In the event that the Company terminates a Restricted Member’s services to the Company without Cause or a Restricted Member voluntarily terminates his services to the Company, the Company shall have the right to repurchase such Restricted Member’s Restricted Units that are not subject to the automatic redemption set forth above in Section 3.9 for a period of 270 days following such termination upon at least ten (10) days prior written notice to such Restricted Member (the “Repurchase Notice”).


More Definitions of Restricted Member

Restricted Member has the same meaning as set out in the Articles;
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Restricted Member means a former excluded member who has not made an election under paragraph (10A).
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Restricted Member means the Persons identified on Schedule B.
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Restricted Member means a Medicaid member who is placed in the Restriction Program.
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Restricted Member is defined in Section 11.07.
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Restricted Member has the same meaning as set out in the Articles; "Restricted Shares" has the same meaning as set out in the Articles; "Sale" means a Share Sale or an Asset Sale, both as defined in the Articles;
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Restricted Member means a Restricted Member as per Bylaw 4.5 herein; “Special Meeting” means a meeting called in accordance with Bylaw 11.2 herein;
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