Regular membership in TELESCOOP is co-terminus with the employment service of a member. In order that a member may be entitled to retirement benefits, he must have completed five (5) years continuous membership and must be both separated from employment service and membership with TELESCOOP.
Regular membership with TELESCOOP for Non-Payroll Members is terminated by death or voluntary resignation.
Generally, Regular membership with TELESCOOP ends or terminates:
1. Upon the death, insanity and permanent incapacity or judicial declaration by a competent court
of the insolvency of a member (Automatic Termination).
2. Upon resignation or withdrawal of his membership subject to a 60-day prior written notice to
the Board of Directors (Voluntary Termination).
3. Upon a majority vote of the Board of Directors terminating the membership of a member for
committing any of the following (Involuntary Termination):
a. Not patronizing the products, services and businesses of TELESCOOP for more than 12
months.
b. Fails and continuously fails to comply with his obligations
c. Violating any provision of the By-Laws and rules of TELESCOOP
d. Any act or omission injurious or prejudicial to the interest or welfare of TELESCOOP