Transfers Initiated by Unit Member Clause Samples

The "Transfers Initiated by Unit Member" clause defines the conditions under which an individual member of a unit, such as a shareholder or partner, may transfer their ownership interest to another party. Typically, this clause outlines the process for initiating a transfer, including any required notifications, approvals, or restrictions, such as offering the interest to existing members before selling to outsiders. Its core practical function is to regulate changes in ownership, ensuring that transfers are orderly and that the interests of the remaining members and the entity are protected.
Transfers Initiated by Unit Member. 1. The Human Resources Department shall coordinate the transfer process for the District. 2. The deadline for self-initiated transfer requests for the following school year is March 1st. 3. Unit members interested in transferring to a different position shall submit a transfer request, using the District form, to the Assistant Superintendent--Human Resources. Transfer request forms are available on the PAUSD Intranet in the general forms folder of the Human Resources section. Unit members are encouraged to discuss their interest in a transfer with their supervisor. 4. The Assistant Superintendent--Human Resources or his/her designee shall acknowledge receipt of transfer requests within five days of receipt; and, unless special arrangements are made, shall communicate the transfer requests to the principal/supervisor of those sites/departments that the unit member indicated on the transfer request form and to the unit member’s current principal/department administrator. Unit members are encouraged to contact site/department administrators with vacancies matching their interests. 5. Transfer requests from unit members who meet the position qualifications shall be considered in the following order: a. Displaced teachers due to collapsed classes and loss of bubble classes. b. Permanent unit members and unit members returning from leave of absence or teacher-on-special-assignment (TOSA) positions. c. Probationary/Temporary unit members 6. When a vacancy exists, the site principal or other responsible administrator shall interview, in person or via phone, all qualified unit members with transfer requests matching vacancies in his/her building/department. The site principal or other responsible administrator shall communicate in writing the final action taken to fill the vacancy with each unit member who interviewed for a transfer. 7. A unit member who initiates a request for transfer need not accept a position/assignment offered, but may remain in his/her present role. 8. In the event a unique vacancy occurs after March 1st, then the deadline is extended to 5 school days after the vacancy is posted. 9. Vacancies that occur after the school year ends shall be posted on the PAUSD staff website. However, these late vacancies shall be filled in the most expedient manner, with no timeline for posting or filling the vacancy. 10. In the event a unit member’s grade-level assignment changes after March 1st, the deadline for a self-initiated transfer request for that unit...
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Transfers Initiated by Unit Member. 1. Unit members are encouraged to apply for self-initiated transfers after a number of years at the same site. If a unit member desires a transfer, the unit member shall submit a transfer request, using the District form, to his/her principal, department head, or the Superintendent or his/her designee. It is desirable, but not necessary, for a unit member to discuss interest in a transfer with his/her supervisor. The Superintendent or his/her designee shall acknowledge receipt of transfer requests within five days of receipt; and unless special arrangements are made, shall notify the supervisor when the written transfer request is received. 2. The Human Resources Office shall develop a system for notifying unit members who have informed Human Resources of an interest in a transfer of certificated vacancies in the district. Unit members are encouraged to check the PAUSD Web site regularly for the most up-to-date vacancy information. 3. Transfer requests from permanent employees for positions for which they are credentialed and qualified are assured consideration before requests from temporary or probationary employees. When an opening occurs, the receiving principal or other responsible administrator shall screen those requesting transfer to his/her building or department and interview those deemed most qualified. The interviewer shall notify the individual selected, as well as those interviewed, of the final decision as soon as possible. 4. A unit member who initiates a request for transfer need not accept a position/assignment offered, but may remain in his/her present role. 5. The deadline for self-initiated transfer requests is March 31 preceding the September effective date. In the event a vacancy occurs after March 31, then the deadline is extended to 5 school days after the vacancy is posted.
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Related to Transfers Initiated by Unit Member

  • Transfers by Members No holder of Units shall Transfer any interest in any Units, except Transfers (a) pursuant to and in accordance with Sections 10.02 and 10.09 or (b) approved in advance and in writing by the Manager, in the case of Transfers by any Member other than the Manager, or (c) in the case of Transfers by the Manager, to any Person who succeeds to the Manager in accordance with Section 6.04. Notwithstanding the foregoing, “Transfer” shall not include (i) an event that terminates the existence of a Member for income tax purposes (including, without limitation, a change in entity classification of a Member under Treasury Regulations Section 301.7701-3, a sale of assets by, or liquidation of, a Member pursuant to an election under Code Sections 336 or 338, or merger, severance, or allocation within a trust or among sub-trusts of a trust that is a Member), but that does not terminate the existence of such Member under applicable state Law (or, in the case of a trust that is a Member, does not terminate the trusteeship of the fiduciaries under such trust with respect to all the Units of such trust that is a Member) or (ii) any indirect Transfer of Units held by the Manager by virtue of any Transfer of Equity Securities in the Corporation.

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Transfers of Membership Interests 8.1. A Member may withdraw from the Company at any time by giving Notice of withdrawal to the Manager at least 180 calendar days before the effective date of withdrawal. Withdrawal will not release a Member from any obligations and liabilities under this Agreement accrued or incurred before the effective date of withdrawal. A withdrawing Member will divest the Member’s entire Membership Interest before the effective date of withdrawal in accordance with and subject to the provisions of this Article VIII. 8.2. Except as expressly provided in this Agreement, a Member will not Transfer any part of the Member’s Membership Interest in the Company, whether now owned or later acquired, unless: (a) the other Members unanimously approve the transferee’s admission to the Company as a Member on that Transfer; and (b) the Membership Interest to be Transferred, when added to the total of all other Membership Interests Transferred in the preceding 12 months, will not cause the termination of the Company under the Code. No Member may Encumber or permit or suffer any Encumbrance of all or any part of the Member’s Membership Interest in the Company unless the Encumbrance has been approved in writing by the Manager. Approval may be granted or withheld in the Manager’s sole discretion. Any Transfer or Encumbrance of a Membership Interest without that approval will be void. Notwithstanding any other provision of this Agreement to the contrary, a Member who is a natural person may Transfer all or any portion of his or her Membership Interest to any revocable trust created for the benefit of the Member, or any combination between or among the Member, the Member’s spouse, and the Member’s issue, provided that the Member retains a beneficial interest in the trust and all of the Voting Interest included in the Membership Interest. A Transfer of a Member’s beneficial interest in the trust, or failure to retain the Voting Interest, will be deemed a Transfer of a Membership Interest. 8.3. If a Member wishes to Transfer any or all of the Member’s Membership Interest in the Company under a Bona Fide Offer (as defined below), the Member will give Notice to the Manager at least 30 days in advance of the proposed sale or Transfer, indicating the terms of the Bona Fide Offer and the identity of the offeror. The Company and the other Members will have the option to purchase the Membership Interest proposed to be transferred at the price and on the terms provided in this Agreement. If the price for the Membership Interest is other than cash, the fair value in dollars of the price will be as established in good faith by the Company. For purposes of this Agreement, “Bona Fide Offer” means an offer in writing setting forth all relevant terms and conditions of purchase from an offeror who is ready, willing, and able to consummate the purchase and who is not an Affiliate of the selling Member. For 30 days after the Notice is given, the Company will have the right to purchase the Membership Interest offered, on the terms stated in the Notice, for the lesser of: (a) the price stated in the Notice (or the price plus the dollar value of noncash consideration, as the case may be); and (b) the price determined under the appraisal procedures set forth in Section 8.8. If the Company does not exercise the right to purchase all of the Membership Interest, then, with respect to the portion of the Membership Interest that the Company does not elect to purchase, that right will be given to the other Members for an additional 30-day period, beginning on the day that the Company’s right to purchase expires. Each of the other Members will have the right to purchase, on the same terms, a part of the interest of the offering Member in the proportion that the Member’s Percentage Interest bears to the total Percentage Interests of all of the Members who choose to participate in the purchase; provided, however, that the Company and the participating Members may not, in the aggregate, purchase less than the entire interest to be sold by the offering Member. If the Company and the other Members do not exercise their rights to purchase all of the Membership Interest, the offering Member may, within 90 days from the date the Notice is given and on the terms and conditions stated in the Notice, sell or exchange that Membership Interest to the offeror named in the Notice. Unless the requirements of Section 8.2 are met, the offeror under this Section 8.3 will become an Assignee, and will be entitled to receive only the share of Profits or other compensation and the return of Capital Contribution to which the assigning Member would have been entitled.

  • Transfers of Limited Partnership Interests 9.1 Restrictions on Transfer of Limited Partnership Interests. (a) No Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer all or any portion of his Limited Partnership Interest, or any of such Limited Partner’s economic rights as a Limited Partner, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a “Transfer”) without the consent of the General Partner, which consent may be granted or withheld in its sole and absolute discretion. Any such purported Transfer undertaken without such consent shall be considered to be null and void ab initio and shall not be given effect. (b) No Limited Partner may withdraw from the Partnership other than as a result of a permitted Transfer of all of its Partnership Interest pursuant to this Article 9. Upon the permitted Transfer or redemption of all of a Limited Partner’s Partnership Interest, such Limited Partner shall cease to be a Limited Partner.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred. (b) To the fullest extent permitted by law, any purported transfer of any Membership Interest in violation of the provisions of this LLC Agreement shall be wholly void and shall not effectuate the transfer contemplated thereby. Notwithstanding anything contained herein to the contrary and to the fullest extent permitted by law, the Member may not transfer any Membership Interest in violation of any provision of this LLC Agreement or in violation of any applicable federal or state securities laws.