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. 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. 6.1 After the Ist (first) anniversary of Bonds as of the Issue Date, the Issuer may perform buy back of the Bonds existing/outstanding in the market, either in whole or in part, at the market prices; hereinafter be referred to as “buy back”. The buy back may be done if the Issuer does not neglect or fail to make Payment of Bond Interest, provided however that such buy back does not cause Issuer to neglect or fail to comply with the provisions contained in Trusteeship Agreement.
6.2 Bonds ownership by the Issuer and/or its Affiliation Companies shall be reported by the Issuer to the Trustee not later than 2 (two) Business Days before General Meeting of Bondholders (GMB) is convened. The whole number of Bonds owned by the Issuer on the basis of the buy back and Bonds owned by the Affiliation Companies may not be counted in the quorum attendance calculation in General Meeting of Bondholders (GMB) and shall not have any voting right in General Meeting of Bondholders (GMB). Jakarta, 8th March 2010 I, Uki Ukanto, sworn and authorized translator by virtue of Decree of Governor of Jakarta No. 2238/2004, certify that the above is true and accurate English version translated from its original Indonesian text.
6.3 In the event the Issuer performs a buy back of Bonds, either in whole or in part, then the Issuer shall have the right to conduct such buy back as Bonds bought back to be kept/deposited as treasury bond and may thereafter be resold and/or effectuated as full repayment.
6.4 In respect of Bonds bought back by the Issuer to be kept as treasury bond and thereafter resold and/or effectuated as repayment, the Issuer shall have no right to receive any payment for Bond Interest.
6.5 If the Issuer plans to buy back Bonds, either as repayment of Bonds or to be kept (as treasury bond), then it may be done under the following provision:
a. The Issuer shall announce such plan in 1 (one) Indonesian newspaper which is circulated and published nationally concerning its plan of Bonds buy-back not later than 2 (two) Business Days before the commencement date of the offering of Bonds buy back.
b. The announcement shall contain:
1) The term/period of Bonds buy back offering where the Bondholders may submit offering to sell Bonds owned by specifying the prices they wish to the Issuer;
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. 10.1 Buy-Back of Obsolete Material The Seller agrees to buy back unused Seller Parts that may become obsolete for the Buyer's fleet *** to the Buyer as a result of mandatory modifications required by the Buyer's or Seller's airworthiness authorities, subject to the following:
(a) the Seller Parts involved will be those which the Seller directs the Buyer to scrap or dispose of and which cannot be reworked or repaired to satisfy the revised standard;
(b) the Seller will grant the Buyer a credit equal to the purchase price paid by the Buyer for any such obsolete parts, such credit being limited to quantities ordered in the Initial Provisioning recommendation; and
(c) the Seller will use its reasonable efforts to obtain for the Buyer the same protection from Vendors.
Buy Back. Eligibility: To be eligible for the PTO buy back, the following criteria must be met:
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.
