Changes in Membership Clause Samples
The "Changes in Membership" clause defines the procedures and requirements for altering the members or participants in an organization, partnership, or agreement. Typically, this clause outlines how new members can be admitted, the process for existing members to withdraw or be removed, and any necessary approvals or notifications required for such changes. For example, it may require a majority vote of current members to approve a new member or specify notice periods for resignations. Its core practical function is to ensure orderly transitions in membership, prevent disputes, and maintain stability within the group or entity.
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Changes in Membership. The Adviser is a limited partnership and, pursuant to the New Jersey Uniform Securities Law and the Investment Advisers Act of 1940, shall notify the Fund of any change in the membership of such partnership within a reasonable time after the change.
Changes in Membership. The Adviser is a limited partnership and, pursuant to the Investment Advisers Act of 1940, shall notify the Fund of any change in the membership of such partnership within a reasonable time after the change.
Changes in Membership. The Adviser is a corporation duly existing under the laws of the State of New Jersey. In the event the Adviser changes ownership, the Adviser shall notify the Fund of such change within a reasonable time after the change.
Changes in Membership. If a working group member must be replaced either temporarily or permanently, the member’s management and the lead organization should agree upon an appropriate replacement. If additional members are required for a working group, the lead organization should coordinate with the office or organization where the additional member is desired. If an Agreement State member needs to be changed or added, Section V.A. 3. should be followed.
Changes in Membership. Additional Wisconsin municipalities may become Members of the Group with the consent of a majority of the Members by becoming Parties to this Agreement on the condition that payments be made to cover their share of costs based on their phosphorus allocation for the years from the date of this Agreement to their membership date. Members may cease to be Members and Parties to this Agreement pursuant to Section 12.
Changes in Membership. The procedure by which members are added and removed from the group shall be defined in the agreement. The agreement shall describe how members may be added, how members may leave voluntarily, and how members may be removed involuntarily.
Changes in Membership. Additional Wisconsin municipalities may become members of the Group by becoming parties to this Agreement pursuant to Section 9. Members may cease to be members and parties to this Agreement pursuant to Section 11 hereof.
Changes in Membership. Members may make changes to their membership by completing an Application for Change in Membership and submitting it by the 20th of the month. Changes may incur a fee.
Changes in Membership. If an Agreement State working group member must be replaced either temporarily or permanently, the OAS Director of Emerging Issues and Advocacy, DRM, and MSST should agree upon an appropriate replacement. If additional Agreement State members are required for a rulemaking working group, DRM and MSST should coordinate with the OAS Director of Emerging Issues and Advocacy. If an Agreement State member needs to be changed or added, the procedures detailed in Section VI.A.2 of this procedure will be followed.