Participating Unit Member Sample Clauses

The 'Participating Unit Member' clause defines who qualifies as a participating member within a specific unit or group under an agreement. It typically outlines the criteria for participation, such as meeting certain eligibility requirements, maintaining good standing, or fulfilling specific obligations. For example, in a cooperative or joint venture, this clause would clarify which members are entitled to participate in decision-making or share in profits. Its core function is to ensure clarity regarding membership status and participation rights, thereby preventing disputes over who is entitled to the benefits and responsibilities associated with the unit.