Tier II Members definition

Tier II Members means the Members holding Tier II Units as set forth on Exhibit A, as revised from time to time.
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Examples of Tier II Members in a sentence

  • If the upper limit is in effect, then the exchange ratio will be fixed at that limit and this exchange offer will be automatically extended (a “Mandatory Extension”) until 8:00 a.m. New York City time, on the day after the second trading day following the last trading day prior to the originally contemplated expiration date to permit shareholders to tender or withdraw their TDCC common stock during that period.

  • Tier II Members pay a single contribution rate, not a rate based on entry age.

  • Employees who transfer from and are eligible for reciprocity with another public employer will not be Tier II Members if their service in the reciprocal system was under a previous tier.

  • For Tier II Members, highest average Compensation will be based on the highest 36 consecutive months, rather than 12 months.

  • Tier II Members The Plan provides retirement benefits, for those employees hired on or after April 20, 2014 (Tier II Members).

  • Tier II Members are eligible to retire, regardless of service, after attaining age 70.Benefit Amount: The Service Retirement Benefit payable to Tier I General Members is equal to the percentage in Table 3 on the next page multiplied by the Member’s Final Compensation.

  • For Tier II Members, COLA will only be payable if the prior year’s funding ratio is greater than or equal to 80 percent and will be equal to the percentage increase in the consumer price index, up to a maximum of 2.50 percent, payable at the 27th anniversary date of hire.

  • All Tier II Members continue contributing after earning 30 years of service.

  • The Village agrees to adopt Section 443(£) of the Retirement and Social Security Law providing for one year final average salary for Tier II Members of the Xxxxxxxx Fire Department effective June 1, 2001.

  • PLAN DESCRIPTION (CONTINUED) Tier II Members - Employees become vested for retirement benefits after ten years of service.

Related to Tier II Members

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Class A Members means those Members who have purchased Class A Interests.

  • Team Members means the members of the Team, jointly and severally;

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Committee Members means persons formally appointed by the Board to sit on or to chair specific committees.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class B operator means a person who implements applicable underground storage tank regulatory requirements and standards. This includes implementing the day-to-day aspects of operating, maintaining, and record keeping for underground storage tanks at one or more facilities. A Class B operator typically monitors, maintains and ensures that release detection methods, record-keeping, and reporting requirements are met; release prevention equipment, record-keeping, and reporting requirements are met; all relevant equipment complies with performance standards; and appropriate individuals are trained to properly respond to emergencies caused by releases and spills.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Remaining Members has the meaning set forth in Section 11.2.

  • Members means all such Persons.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Participating Class Members means all Class Members who do not submit valid

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Preferred Member means a Member holding Preferred Units.

  • Class Members means all individuals in the Settlement Class, including the Class Representatives.

  • Board Members means the Directors or Trustees of the governing body of the Fund, as the case may be.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Associate Members means the individuals or firms which have agreed to Joint Venture in connection with the Project;

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Continuing competence means a requirement, as a condition of license renewal, to provide evidence of participation in, and/or completion of, educational and professional activities relevant to practice or area of work.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.