Calculation of Employees Sample Clauses

Calculation of Employees. 1. The Lender's determination of the number of Employees as of the date of closing and December 31, 2002 shall be based on the actual number of Employees employed as of those dates, which numbers shall be set forth in the reports required in Section 6.03(a) and (b) of this Agreement, respectively. 2. The Lender's determination of the number of Employees as of December 31st of 2003, 2004, 2005 and 2006 shall be based on an average of the actual number of Employees as of June 30 and December 31 of the Second Period, Third Period, Fourth Period and Fifth Period, respectively, which numbers will be set forth in the reports required in Sections 6.03(c) of this Agreement. 3. The Lender's determination of whether the Borrower has employed at least 1400 Employees at all times shall be determined each calendar year beginning 2003 by averaging the actual number of Employees as of June 30 and December 31 of each year. Provided, however, that if the Lender requests employment information pursuant to Section 6.03(d) of this Agreement to confirm that the Borrower is in compliance with Section 6.01 (b), the Lender's determination of whether the Borrower has employed at least 1400 Employees shall be based on the actual number of Employees as of the date specified by the Lender.
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Calculation of Employees. (i) The Department's determination of the number of Employees as of the date of this Agreement, on the First Employee Date and on the Sixth Employee Date shall be based on the actual number of Employees employed as of those dates. (ii) After the First Employee Date, for the annual periods consisting of the Second Period, Third Period, Fourth Period, Fifth Period, Sixth Period and Seventh Period, the Department shall determine the number of Employees on average each calendar year by averaging the actual number of Employees as of June 30 and December 31 of each year. (iii) For the Eighth Period, the number of Employees shall be determined by the Department by averaging the number of Employees as of March 31, 2005 and the Eighth Employee Date. (iv) The Department's determination of whether the Borrower and Borrower's Subsidiaries have collectively employed at least 326 Employees at all times shall be determined each calendar year by averaging the actual number of Employees as of June 30 and December 31 of each year.

Related to Calculation of Employees

  • Definition of Employees a) A Full-Time Employee is a person employed by the Day Care who regularly works the full time hours as specified in Article 17.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Notification of Employees A. Written notice of layoff shall be given to an employee or sent by mail to the last known mailing address at least fourteen (14) calendar days prior to the effective date of the layoff. Notices of layoff shall be served on employees personally at work whenever practicable. B. It is the intent of the parties that the number of layoff notices initially issued shall be limited to the number of positions by which the work force is intended to be reduced. Additional notices shall be issued as other employees become subject to layoff as a result of employees exercising reduction rights under Section 5. C. The notice of layoff shall include the reason for the layoff, the proposed effective date of the layoff, the employee's hire date, the employee's layoff points, a list of classes in the employee's occupational series within the layoff unit, the employee's rights under Sections 5. and 6. and the right of the employee to advise the County of any objection to the content of the layoff notice prior to the proposed effective date of the layoff.

  • CLASSIFICATION OF EMPLOYEES Section 1. A full-time employee shall be deemed to be any employee regularly scheduled to work forty (40) hours per week. A regular employee is one whose employment is reasonably expected to continue for longer than fifteen (15) months. Section 2. A part-time employee shall be deemed to be any employee regularly scheduled to work less than forty (40) hours per week. Section 3. The Company shall have the right to reduce employee classifications from full-time to part-time or to increase employee classifications from part-time to full-time. Should the Company deem it appropriate to reclassify full-time employees to part-time employees, it will seek volunteers from the affected group and then force in reverse order of seniority. Section 4. A temporary employee is one who is engaged for a specific project or a limited period, with the definite understanding that his/her employment is to terminate upon completion of the project or at the end of the period, and whose employment is expected to continue for more than three (3) consecutive weeks, but not more than fifteen (15) months. The termination of the employment of such temporary employees shall not be subject to the grievance or arbitration provisions of this Agreement. Section 5. Agency workers and independent contractors shall not be deemed to be employees of the Company and, as such, shall not be covered by any of the terms or conditions of this Agreement.

  • Definition of Employee 3.01 In this Agreement "employee" means a person who is employed by the Company and who is included in a unit of the Company's employees for whom the Union has been certified as the collective bargaining agent by the Labour Relations Board of British Columbia.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • PROTECTION OF EMPLOYEES Any Employee who in good faith reports a suspected or actual violation of law, regulation, University policy or procedure, or ethical or professional standards, will be protected from retaliation as a result of such reporting, regardless of whether or not, after investigation, a violation is found to have occurred.

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

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