Compensation Options. Pursuant to the provisions above, employees may select twice a year the option of pay or vacation leave for holidays. The employee selection will remain in effect until a change is made. Any changes made are due in payroll by June 5 to be effective on the July 4th holiday and due in payroll by December 5 to be effective on the December 24 holiday. If selection is not made, annual leave will be given. If an employee has selected holiday vacation accrual, the employee is eligible to use his/her holiday vacation accrual before the completion of six (6) months of service.
Compensation Options. For all services rendered by Employee, VPI shall compensate Employee as follows:
Compensation Options. If an employee is directed to move from one space to another, the program administrator will determine the most appropriate compensation option. Below are the two possible options:
a. The affected teacher will be provided time without student contact during their already contracted time to complete the packing, unpacking, and light duty moving tasks. The teacher will be paid their hourly rate as they are already contracted to be working at that time. There will be no additional compensation beyond their hourly rate if the teacher performs the transfer related work during their contracted time.
b. The affected teacher will be contracted to do the transfer-related moving work outside of their existing contracted time. In this circumstance, the teacher will be compensated for additional time at a rate of $20.00 per hour.
Compensation Options. Compensation for staff development days and the day prior to the beginning of school may be received either as:
1. income,
2. tuition expense paid directly to the college or university of the employee's choice,
3. tuition for approved educational conferences or conventions (paid directly to the conference or convention) or,
4. Tuition payment requests must be submitted by June 30th of the school year following the year in which it is earned. Tuition payments will be processed by calling the Payroll Office. All banked compensation set aside for tuition that is not used shall be paid to the employee and taxed at the usual rate at the end of the period specified above.
Compensation Options. The Employee may receive compensation options to purchase $.01 par value per share common stock of the Company ("Common"), together with those compensation options granted to other senior management, if it is determined to be warranted by the Board of Directors.
Compensation Options. As additional consideration for the Underwriters’ services in assisting in the preparation and completion of the Offering contemplated by this Agreement and all other matters in connection with the issue and sale of the Units, the Corporation hereby agrees to issue to the Underwriters that number of Compensation Options (the “Compensation Options”) as is equal to 6.0% of the aggregate number of Units sold pursuant to the Offering. Each Compensation Option shall be exercisable, for a period of two years following the Closing Date, to acquire one Common Share (each a “Compensation Share”) at an exercise price per Compensation Share equal to the Offering Price, subject to adjustment in certain events. If the Compensation Options are unavailable for any reason it is agreed that the Corporation shall pay the Underwriters other compensation of comparable value to the Compensation Options. Such other compensation shall be agreed to between the Corporation and the Co-Lead Underwriters, each acting reasonably. The description of the Compensation Options herein is a summary only and is subject to the specific attributes and detailed provisions of the Compensation Options to be set forth in the Compensation Option Certificates. In case of any inconsistency between the description of the Compensation Options in this Agreement and the terms of the Compensation Options as set forth in the Compensation Option Certificates, the provisions of the Compensation Option Certificates shall govern.
Compensation Options. The Company shall deliver and issue to the Lead Underwriter, on behalf of the Underwriters on the applicable Closing Date, that number of Compensation Options equal to 7.5% of the number of Offered Securities sold pursuant to the Offering, together with the Over-Allotment Option.
Compensation Options. Nothing in this Agreement shall prevent the Employer, at the Employer’s sole discretion, from paying wages, providing benefits, or paying any other form of compensation in addition to or in excess of that which is provided for in this Agreement, provided the Employer will not exercise this right in an arbitrary or capricious manner.
Compensation Options. For all services rendered by Employee, RQI shall compensate Employee as follows:
Compensation Options. The Compensation Options to be issued have been, or prior to the Closing Time will be, duly and validly authorized for issuance and created by the Corporation and, upon execution and delivery of the Compensation Option Certificate by the Corporation, the Compensation Options will be validly issued.
