Compulsory Transfer. When an employee is required to move to another location on a compulsory basis because of the requirements of the operations, he/she shall be entitled to full payment of the cost of moving his/her household effects. In addition, he/she shall receive up to the sum of $600.00 to cover other receipted costs arising as a result of moving. Such receipted expenses to be claimed directly to the office of the National Secretary- Treasurer.
Compulsory Transfer. In order to assist an employee who is involved in a compulsory transfer with out-of-the- ordinary accommodation and meal expenses in the new location for an initial period of time, the following living-out allowance and expense policy will apply:
(a) For the first thirty (30) days, payment of 100% of hotel room, single occupancy.
(b) For the next thirty (30) days, payment of 50% of hotel room, single occupancy.
(c) For the next thirty (30) days, a living-out allowance of one hundred dollars ($100.00) per week will be reimbursed to the employee.
(d) In the event that permanent accommodation has not been obtained within the period specified in a), b), or c) namely ninety (90) days, a living-out allowance of $75.00 per week will then go into effect. This allowance shall be terminated when the household effects have been moved to the new area, but in no event shall it be payable for a period exceeding three (3) months.
(e) In the event that the employee decides to take up temporary accommodation other than a hotel room within the first 60 days (i.e. an apartment or a commercial rooming arrangement), the employee will be reimbursed a proportionate amount of rent or lodging costs for the remainder of those 60 days. For example, if an employee moves into an apartment at the 45-day mark, 50% of one-half of the first month's rent or lodging costs will be reimbursed.
(f) This accommodation allowance shall be terminated when the household effects have been moved to the new area, but in no event shall it be applicable in excess of the periods described herein.
(g) In addition to the payment of the hotel room referred to in sub-section (a) of this article, the employee shall be entitled to payment of the out-of-town per diem.
(h) In addition to the payment of the hotel room referred to in sub-section (b) of this article, the employee shall be entitled to payment of the in-town per diem and an additional twenty dollars ($20.00).
(i) In addition to the living-out allowance referred to in sub-sections (c) and (d) of this article, the normal application of "Article 21 - miscellaneous expenses" shall apply. For clarification purposes, no employee shall receive more than one (1) per diem per twenty-four (24) hour period. So as to provide an employee an opportunity to locate permanent accommodation, there shall be an extension of one (1) day for each day spent out of town (where hotel accommodation was required or where the employee spent the night with a friend or relative)....
Compulsory Transfer. In order to assist an employee who is involved in a compulsory transfer with out- of-the-ordinary accommodation and meal expenses in the new location for an initial period of time, the following living-out allowance and expense policy will apply:
(a) For the first thirty (30) days, payment of 100% of hotel room, single occupancy.
(b) For the next thirty (30) days, payment of 50% of hotel room, single occupancy.
(c) For the next thirty (30) days, a living-out allowance of one hundred dollars ($100.00) per week will be reimbursed to the employee.
(d) In the event that permanent accommodation has not been obtained within the period specified in a), b), or c) namely ninety (90) days, a living-out allowance of $75.00 per week will then go into effect. This allowance shall be terminated when the household effects have been moved to the new area, but in no event shall it be payable for a period exceeding three
Compulsory Transfer. The moneys and assets held under this Account shall be affected to a permitted transfer as provided at section 3 hereof before the end of the calendar year in which the Annuitant attains the maximum age prescribed under the Income Tax Act (Canada), at the choice of the Annuitant as specified in writing. However, if the Trustee has not received from the Annuitant the necessary documentation to start a pension or effect such transfer, within 90 days prior to the end of the calendar year in which the Annuitant attains the maximum age prescribed under the Income Tax Act (Canada), the Trustee shall, at its entire discretion, either purchase an immediate Life annuity contract for the Annuitant, in compliance with subsection 3.2 hereof, or transfer the balance of this Account to a RIF for the Annuitant, as defined in section 29.1 of the Regulation.
Compulsory Transfer. Where no volunteer can be found to reduce the staff to the approved complement, the following criteria will apply to identify the teacher to be compulsorily transferred. In most circumstances the teacher with least continuous service with Angus Council and, where appropriate, the former Tayside Regional Council, will normally be required to transfer. Where continuous service, as referred to above, produces identical results, the teacher with least continuous service in their existing school/base will transfer. Consideration should be given to the balance of experience and skills of the teaching staff remaining to support delivery of the curriculum in affected schools (for example, overall breadth of skills/experience/abilities, subject/area of registration, dual qualification etc). If a teacher has been transferred within the previous two years, the teacher with the next least continuous service, as referred to above, is liable to transfer. In determining an appropriate transfer, personal circumstances such as travel, family or health will be taken into account. Eligibility for any additional travel costs to the new school will be in accordance with the council’s Excess Travel Expenses (Personnel Advisory Bulletin x), payable for a period of two years. The teacher will receive written notification of the need and liability for transfer. The Head Teacher should meet with the teacher to offer appropriate supportive advice about the circumstances leading to the liability to transfer and the procedures to be followed. The teacher should be asked to identify any preferences for schools, geographical location, size of school; stages etc and this should be passed to Schools & Learning Service Manager. Although no guarantee of meeting preferences can be given, these will be given consideration. The teacher identified will then be transferred to an available permanent vacancy to which he/she is qualified. Where the transfer is due to a promoted post no longer being required, a suitable promoted post will be sought, or a transfer to a class teacher post with conservation in accordance with SNCT Handbook of Conditions of Service. Should a vacancy arise in the school the teacher was transferred from, in the first year of transfer, and the teacher requests to transfer back in writing, and is qualified, he/she will be given first option to transfer back to their former school. Where no immediate permanent or suitable vacancy exists, the teacher will retain their permane...
Compulsory Transfer. If both Nicolau and Rxxxxxxxx are compelled to Transfer their Shares pursuant to Article 23.3 of the Company's Articles of Association (or other relevant provision from time to time), the Successors shall be construed as a single unit and the definition of Original Shareholder shall be adjusted to comprise the Successors, and all obligations of the Original Shareholder contained herein shall therefore apply to the Successors, jointly. In such event, Lxxxxx and Vanessa hereby appoint Rxxxxx as their proxy and as their true and lawful attorney, having the power to take all acts as provided for herein in their name and on their behalf and sign all documents required for the purposes provided for in this Agreement. For the avoidance of doubt, the proxy and power-of-attorney granted herein includes the powers to represent Lxxxxx and Vxxxxxx as shareholder of the Company, including the ability to sign corporate documents, vote at meetings of the Company including meetings to approve the accounts of the Company, as well as to exercise any rights inherent to a shareholder of the Company. This power of attorney shall remain in force and be irrevocable until this Agreement terminates at which point it shall be of no further effect.
Compulsory Transfer. 44 6.20 Series C Purchase Agreement..................................................... 44 6.21 Rights of First Refusal/Co-Sale................................................. 44 6.22 Series C Dividend............................................................... 44 6.23
Compulsory Transfer. The Certificate Amendment (as defined in Section 12.15(a)) and the Compulsory Transfer Determination (as defined in Section 12.15(a)) each shall be in full force and effect.
Compulsory Transfer. (a) If an Event of Default occurs in relation to a Shareholder (the relevant Shareholder being a Transferor Shareholder), then at any time within a 2 month period after the Company actually become aware of the Event of Default:
(1) the Board may serve a notice in writing (Compulsory Transfer Notice) on the Transferor Shareholder (for the purposes of this clause 12), requiring the Transferor Shareholder to sell all or some of the Shares held by the Transferor Shareholder (Compulsory Transfer Shares) to any Person or Persons nominated by the Board (each a Transferee) and the Transferor Shareholder must deal with the Compulsory Transfer Shares in accordance with the Compulsory Transfer Notice and, without limiting clause 11.6, is deemed to appoint the Company as its agent for this purpose; or
(2) the Board may give a notice in writing (Buy Back Notice) to the Company requiring that, the Company buy back some or all of the Shares held by the Transferor Shareholder (the Buy Back Shares) subject to and in accordance with the provisions of the Corporations Act and the terms of sale set out in clause 12.4. If such a notice is given then, without limiting clause 11.6, and each Shareholder must do all things required to give effect to the buy back, including all things required under the Corporations Act to approve or otherwise give effect to the buy-back (and, for the purpose of this clause 12, the Company is the Transferee).
(b) Despite clause 12.3(a)(2):
(1) if the Company cannot at any relevant time, in compliance with law, buy back or redeem (as applicable) any Buy Back Shares pursuant to clause 12.3(a)(2) at that time, the Company must buy back or redeem the relevant Buy Back Shares as soon as it is reasonably able to do so in compliance with law; and
(2) if the Board is not satisfied (acting reasonably) that the Company has the financial capacity to buy back or redeem any Buy Back Shares pursuant to clause 12.3(a)(2) at that time (including without breaching or potentially breaching the conditions of its external debt financing, if any), the Company must buy back or redeem the relevant Buy Back Shares as soon as the Board is satisfied that the Company has the financial capacity to do so.
Compulsory Transfer. A Participant must transfer its Participating Interest when required to by this agreement.
