Benefits of Sample Clauses
The "Benefits of" clause defines which party is entitled to receive the advantages, rights, or value arising from a contract or specific provision. In practice, this clause clarifies whether benefits are limited to the original parties or may extend to third parties, such as affiliates, successors, or assignees. Its core function is to prevent disputes by clearly specifying who can claim or enforce the benefits under the agreement, thereby ensuring clarity and managing expectations among all involved parties.
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Benefits of. This Rights Agreement; Determinations and Actions by the Board of Directors, etc. .............................................30 29. Severability...........................................................30 Section Page ------- ----
Benefits of. In the event of a lay-off of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.
Benefits of. Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto (including any Paying Agent appointed pursuant to and Authenticating Agent appointed pursuant to to the extent provided herein) and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. Section 112.
Benefits of. This Agreement Nothing in this Agreement shall be construed to give to any person or corporation other than the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the shares of Common Stock) any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the shares of Common Stock).
Benefits of. This Rights Agreement; Determinations and Actions by the Board of Directors, etc.
(a) Nothing in this Rights Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Right Certificates (and,
Benefits of. Performance Based Maintenance Contract
Benefits of. In the event of a layoff of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three months from the end of the month in which the layoff occurs or until the laid-off employee is employed elsewhere, whichever occurs first. , When an employee requests and is permitted by the Hospital to transfer to another department or classification, she shall be paid at the starting rate for the classification in the department to which she is transferred for a period of thirty days, thereafter she shall be paid at the one year rate for such classification for a period of sixty days, thereafter she shall be paid at the two year rate for such classification for a period of ninety days and thereafter provided that no employee so transferred shall be entitled to be paid the one year rate, two year rate or maximum rate until she has continuously been employed by the Hospital for one year, two years or three years. When an employee relieves in a higher paid classification within the bargaining unit she shall be paid the rate of the higher classification for all hours worked.
Benefits of. In the event of a layoff of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three months from the end of the month in which the layoff occurs or until the laid-off employee is employed elsewhere, whichever occurs first. When an employee is transferred to another classification through the posting procedure, shall be paid at the start rate for the classification for thirty working days, thereafter they will be paid at the wage rate in accordance to their seniority. An employee who transfers as a result of the application of Article or as a result of a permanent accommodation will be paid at the wage rate in accordance to their seniority. When an employee relieves in a higher paid classification within the bargaining unit she shall be paid the rate of the higher classification for all hours worked.