Transferring Members definition

Transferring Members has the meaning set forth in Section 11.5(e).

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Transferring Members means the employees and former employees (and those entitled through them, including pension credit members) of a probation trust (or its predecessor local probation boards or probation committees) who are the subject of the changes of Scheme employer and appropriate administering authority referred to in paragraph (1) and any persons specified in accordance with regulation 3A(5)(d) or (e) (civil servants etc engaged in probation provision) as a person to whom regulation 3A(5) applies;

Transferring Members those of the Relevant Employees:

Examples of Transferring Members in a sentence

The Managing Member shall effect the purchase of the Transferring Member's Membership Shares, including payment of the purchase price, not more than thirty (30) days after delivery of the Managing Member Notice, and at such time the Transferring Member shall sell to the Company the Membership Shares free and clear of any liens or encumbrances and shall execute such documentation as the Managing Member may reasonably propose in connection with such sale.
Upon the acceptance by all or some of the non-transferring Members of the Transferring Member's offer, the transfer of the Offered Interest from the Transferring Member to the purchasing Member(s) (the "Purchasing Member(s)") shall be closed and consummated in the principal office of the Company, on or before 11:00 A.M. local time on the ninetieth (90th) day following the Notice Date (or, if such day is not a business day, the business day next following such day).
In the event the Transferring Member fails, prior to such date, to consummate such proposed transfer, then prior to any subsequent transfer of all or any part of the Transferring Member's Interest in the Company, the Transferring Member shall be required to give the Members Notice thereof, and the right of first refusal provisions described in this Section 8.4 shall again be exercisable with respect thereto.
The Transferring Member, prior to making any proposed transfer of all or any part of such Transferring Member's Membership Interest in the Company, shall first give written notice to the other Members of the proposed transfer and the terms of the proposed transfer (such notice being hereinafter referred to as the "First Offer Notice").
Notwithstanding the provision of this Section 16.05(a), in the event that during the RoFR Period the Third-Party Purchaser shall revoke its offer to purchase or the Transferring Member shall determine to not accept the offer of the Third-Party Purchaser, then the Transferring Member shall be entitled to revoke, in writing, the RoFR Notice and the Non-Transferring Members shall not have the right to purchase the Transferring Member's Membership Interest on the terms of such RoFR Notice.

More Definitions of Transferring Members

Transferring Members those Transferring Employees who join the Transferee Scheme on the Pension Transfer Date and who elect that their accrued rights under the GEC Scheme are transferred to the Transferee Scheme and who are still in service with Marconi (UK) at the time of such election.

Transferring Members means those Joining Members who pursuant to paragraph 3.3 elect or consent in such form as the Seller may reasonably require, such form to include a discharge and indemnity in favor of the Seller and the Seller's UK Pension Plan for any liability to or in respect of the Transferring Members to provide any further benefits in respect of their accrued rights (other than accrued rights to guaranteed minimum pensions which are to be retained by the Seller's UK Pension Plan) under the Seller's UK Pension Plan to a payment (in cash or in assets) being made by the Seller's UK Pension Plan to the Buyer's UK Pension Plan in lieu of their accrued rights under the Seller's UK Pension Plan who do not withdraw that election or consent..

Transferring Members contributions shall be treated as member contributions in the Buyer's Plan and there shall be no refund of those contributions on subsequent cessation of service or membership except where a refund is not prohibited by Inland Revenue restrictions or the preservation requirements in force under the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇.

Transferring Members has the same meaning as under the Transfer Agreement.

Transferring Members those Relevant Employees who become members of the Purchaser's Scheme with effect from Completion Date pursuant to the offer of membership referred to in paragraph 2 below and whose names shall be provided to the Vendor by the Purchaser within 28 days of the Completion Date;

Transferring Members means those employees who are active members of a Seller Group Scheme, whether employed by a Seller Group Undertaking or a Group Company, whose contracts of employment are intended to be with the Group on Completion.

Transferring Members means those NHS Participant Employees who become members of the Broadly Comparable Scheme pursuant to paragraph 2.7.1 of Section 1 (General) of Schedule Part 16 (Transfer of Employment and Pensions) and who elect to a transfer from the NHS Pension Scheme to the Broadly Comparable Scheme pursuant to paragraph 2.1 in respect of their pensionable service accrued in (or credited in) the NHS Pension Scheme before the Transfer Date and do not, prior to the Pension Payment Date, withdraw such election or become entitled to the payment of immediate benefits under the NHS Pension Scheme