Buy Back Sample Clauses
Buy Back. Upon using one-half of general leave credits accrued during the preceding 12-month period from December 1 through November 30, an employee may request to receive pay for up to sixty-four (64) hours of general leave credits at the current hourly salary rate, according to the following schedule: Years of Service Hours 1 - 5 40 11 - 15 56 16 + 64
Buy Back. 2.1.8.1 Buy-Back of Obsolete Parts
2.1 (i) (“Buy Back”) which become obsolete prior to the end of Buy-Back Period as a result of mandatory modifications required by the Buyer’s or Seller’s Aviation Authorities, subject to the following:
a) The Seller Parts involved shall be those, which the Buyer is directed by the Seller to scrap or dispose because they cannot be reworked, modified or repaired to satisfy the revised standard;
b) The Seller shall pay to the Buyer, by means of credit for the purchase of Goods and Services, the purchase price paid by the Buyer for any such obsolete parts, provided that the Seller’s liability in this respect does not extend to quantities in excess of the Seller’s Initial Provisioning recommendation.
c) The Seller shall use its reasonable efforts to obtain for the Buyer the same buy back protection from Suppliers for Supplier Parts. AVA - A320 Family PA AMENDED AND RESTATED
2.1.8.2 Buy-Back Period and Buy-Back of Initial Provisioning Surplus Material
a) The Buy-Back Period is defined as the period starting [*] after Delivery of the first Aircraft to the Buyer
b) At any time during the Buy-Back Period, the Buyer shall have the right to return to the Seller any Seller Parts as per Article 1.2.1 (i) or Supplier Parts as per Article 1.2.1 (ii) or (iii) (together, the “Buy Back Material”), subject to the conditions defined hereunder.
c) A part as set forth in Article b) above shall be eligible for Buy-Back if:
i) The Buy Back Material is unused and undamaged and is accompanied by the Seller’s original documentation (tag, certificates);
ii) The Seller originally provided the Buyer with a recommendation to purchase the Buy Back Material as part of the Initial Provisioning as provided in Article 2.1.4.4 (ii) which is based upon a maximum protection level of [*]
iii) The Buy Back Material was purchased for Initial Provisioning purposes by the Buyer directly from the Seller;
iv) The Buy Back Material is returned to the Seller by the Buyer so the Buy Back Material has been received by the Seller before the end of the Buy-Back Period.
d) If any Buy Back Material satisfies the requirement for Buy-Back, the Seller shall pay to the Buyer by means of a credit for the purchase of Goods and Services or by application to reduce the amount owed by Buyer under its Spares accounts with Seller or ANACS, the amount paid by the Buyer for such Buy Back Material.
e) In the event of the Buyer electing to procure Material in excess of the Seller’s recomme...
Buy Back. 6.1 After the 1st (first) anniversary of Bond as of Date of Issue, the Issuer may buy back such Bond not due yet both entirely and partially at the market price, hereinafter referred to as buy back. Such buy back may be made if the Issuer does not fail to pay the Outstanding Amount.
6.2 The ownership of Bond by the Issuer and/or Affiliated Company shall be reported by the Issuer to Trustee at the latest 2 (two) Working Days prior to a RUPO. The entire Bond owned by the Issuer based on the buy back and/or Bond owned by Affiliated Company cannot be calculated in the quorum calculation of attendance at RUPO and does not have the voting right at RUPO.
6.3 In the event the Issuer buy back the part or the entire Bond, it shall have the right to make such buy back as the repayment of bought back Bond for deposit and then in the future be re-sold and/or applied as repayment.
6.4 Regarding the Bond bought back by the Issuer for deposit and in the future applied as repayment, the Issuer shall not be entitled for payment of Bond Interest.
6.5 If the Issuer has a plan of buy back of Bond, both as the Bond repayment and treasury bond, it can be made under the terms as follows:
a. The Issuer shall be entitled to announce the plan of buy back of Bond in 1 (one) newspaper in Indonesian Language which is circulated on national basis at the latest 2 (two) Working Days prior to date of commencement of Bond buy back.
b. Such announcement shall contain:
1) The period of offering of Bond buy back where the Bond Holder proposes the selling offer for a number of Bond it owns by mentioning the price it intends to the Issuer;
2) Total maximum fund used for Bond buy and target of maximum buy back of Bond.
3) Date of payment of buy back of such Bond shall be made at the latest 2 (two) Working Days as of the last date of period of offer of Bond buy back.
4) Bond Holder proposing the selling offer to the Issuer in the offering period shall be obliged to enclose: - Written Confirmation from KSEI on total Bond to be sold that is not inter Stock Account transferable until the Date of Payment of Bond buy back. - Evidence of Identity at the time of conducting the selling offer. - Statement that Bond to be sold by the relevant Bond Holder to buy back by the Issuer cannot be sold and purchased by the relevant Bond Holder so that such Bond is not inter Stock Account transferable until the Date of Payment of Bond buy back.
5) The Issuer will buy back Bond from the lowest price offered by Bond H...
Buy Back. Subject to the rules of the Pension Corporation, the District agrees to participate in the buy back of an employee’s probation period to a maximum of one year subject to the following:
Buy Back. Employees who have been on layoff and are recalled to work will be given an opportunity to buy-back up to five (5) days of paid leave, at the full cost of the paid leave, within one (1) month of the date of returning to work.
Buy Back. 4.5.1 BUY-BACK OF OBSOLETE MATERIEL The Seller agrees to buy back unused Seller Parts which may become obsolete before delivery of the first Aircraft to the Buyer as a result of mandatory modifications required by the Buyer's or the Seller's Aviation Authorities, subject to the following:
4.5.1.1 The Seller Parts involved shall be those, which the Buyer is directed by the Seller to scrap or dispose of and which cannot be reworked or repaired to satisfy the revised standard.
4.5.1.2 The Seller shall credit to the Buyer the purchase price paid by the Buyer for any such obsolete parts, provided that the Seller's liability in this respect does not extend to quantities in excess of the Seller's Initial Provisioning recommendation. EXHIBIT "H"
4.5.1.3 The Seller shall use its reasonable efforts to obtain for the Buyer the same protection from Suppliers.
Buy Back. All employees who accumulate as of the end of any fiscal year in excess of 120 days will be compensated at the rate of 75% of their per diem earnings for the days over 120. Payment will be made in their first paycheck for the following fiscal year.
Buy Back. Employees shall not have the right to sell unused vacation time back to the Employer, except upon resignation or termination, including dismissal or reduction in force. When selling back vacation time, an employee is entitled to be paid for all unused accrued vacation time, including reserve, at one hundred percent (100%) of their current hourly rate.
Buy Back. 1. At the end of each calendar year, employees who have used less than forty (40) hours of sick leave and have completed thirty-six (36) months of continuous service at the time of conversion shall have the option of converting forty (40) hours of accrued vacation leave for forty (40) hours of pay at his/her regular, straight-time hourly rate at any time during the first three (3) months of the following year. There will be an exception to the limit on less than forty (40) hours of sick leave use for those days when a BPOA employee uses sick leave for three (3) consecutive working days or more with medical verification. These consecutive days will not count towards the forty (40) hour limit.
2. Employees who are eligible for the leave conversion to pay as described in paragraph 1 above, and who do not request such a conversion during the first three (3) months of a given year, may request a conversion during the remainder of that year. However, such a conversion will be subject to the approval of the Police Chief, or his/her designee, and may be denied. Under no circumstances will an employee be allowed to convert leave to pay more than once in a calendar year.
3. Employees on scheduled vacation leave who are called back to work and, because of the call back would otherwise forfeit vacation leave hours due to the carry over cap in paragraph C of this article, and are unable to reschedule the vacation leave to comply with the carry over cap, shall be allowed to sell back such scheduled vacation leave hours in excess of the four hundred fifty (450) hours at his/her regular, straight time rate.
Buy Back. XXX-0, Xxxx.0 & XXX-0, Xxxx.0 00, 00