ECONOMIC REOPENER Sample Clauses

ECONOMIC REOPENER. Upon not less than fifteen (15) days’ written notice to the District, the Union may reopen the salary and insurance provisions of this Agreement for further negotiations only under the following limited circumstances:
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ECONOMIC REOPENER. If, in the case of any Services, events or circumstances arise which, in the opinion of the Providing Company, render the costs of providing such Services as determined under the principles set forth in Section 2.3(a) materially different from those being charged under a specific rate or formula then in effect, the specific rate or formulas shall be equitably adjusted to take into account such events or changed circumstances and bring them into line with the general principles set forth in Section 2.3(a). Rates for a Service will also be adjusted on a pro rata basis whenever the cost of providing the Service increases by reason of the necessity to renegotiate a software license or obtain a new license as a result of the change in the relationship between the Providing Company and the entity to whom the Service is provided.
ECONOMIC REOPENER. The parties agree to renegotiate the economic provisions of this Agreement beginning no later than February 28, 2018 or such date thereafter as may be mutually agreed upon by the parties. For the purposes of this Section, the “economic provisions of this Agreement” are Article 12 (Salaries and Payroll Administration), Article 13 (Faculty Education Fund and Professional Development) and Article 14 (Health Insurance Stipend and Fund). The parties will promptly bargain replacement economic provisions of this Agreement. The parties will make every effort to complete bargaining within 90 calendar days. The economic provisions of this Agreement will be frozen at the levels that were in effect on February 28, 2018 until the bargaining process is concluded.
ECONOMIC REOPENER. During the term of this agreement, either party shall have the right to reopen the agreement prior to December 31, 2021 to discuss economic changes to the agreement. In the event that either party request to reopen the agreement, the parties shall meet within two (2) weeks of a request to meet and confer by the County. Dated: Original kept on file Dated: Original kept on file FOR P.O.A: FOR THE COUNTY: Original signature kept on file Original signature kept on file Original signature kept on file Errata Sheet SIDE LETTER / MOU EXTENSION TO THE 2019-2020 MOU BETWEEN THE COUNTY OF KINGS AND THE KINGS COUNTY PROBATION OFFICERS ASSOCIATION November 12, 2020 There was an inadvertent error on Article 18 Holidays, Section 1. Christmas Day was erroneously removed from the list of established holidays. Christmas Day should be included in the established days. Accordingly, please see the revised Article 18 Holidays, Section 1.
ECONOMIC REOPENER. The parties agree to renegotiate the economic provisions of this Agreement beginning no later than February 28, 2018 or such date thereafter as may be mutually agreed upon by the parties. For the purposes of this
ECONOMIC REOPENER. During the term of this agreement, either party shall have the right to reopen the agreement prior to December 1, 2021 to discuss economic changes to the agreement. In the event that either party request to reopen the agreement, the parties shall meet within two (2) weeks of a request to meet and confer by the County. Dated: Original kept on file Dated: Original kept on file FOR K.C.P.A.: FOR THE COUNTY: Original signatures kept on file Original signatures kept on file Original signatures kept on file Original signatures kept on file Original signatures kept on file
ECONOMIC REOPENER. The parties acknowledge that the COVID-19 pandemic has exasperated the County’s fiscal challenges. The County is attempting to resolve these challenges without making changes to the current agreement. However, in the event that the County determines that it needs to make changes to the MOU during its term, the parties shall reopen the agreement prior to June 30, 2021. The parties shall meet within two
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ECONOMIC REOPENER. During the term of this agreement, either party shall have the right to reopen the agreement prior to August 31, 2021 to discuss economic changes to the agreement. In the event that either party request to reopen the agreement, the parties shall meet within two (2) weeks of a request to meet and confer by either party. Dated: Original kept on file Dated: Original kept on file FOR SEIU: FOR THE COUNTY: Original signature kept on file Original signature kept on file Original signature kept on file Original signature kept on file Original signature kept on file Original signature kept on file Original signature kept on file Original signature kept on file Errata Sheet SIDE LETTER / MOU EXTENSION TO THE 2019-2020 MOU BETWEEN THE COUNTY OF KINGS AND SERVICE EMPLOYEES INTERNATIONAL UNION, LOCAL 521 November 12, 2020 There was an inadvertent error on Article 33 Holidays, Section 1. Christmas Day was erroneously removed from the list of established holidays. Christmas Day should be included in the established days. Accordingly, please see the revised Article 33 Holidays, Section 1.
ECONOMIC REOPENER. In recognition that the Governing Body must make an annual appropriation based upon available funds for each fiscal year, the parties agree to meet and discuss compensation by March 15 of each year for the subsequent fiscal year for the term of this contract. For FY21, the Union agrees to not meet to negotiate compensation, unless the Citywide cost-of-living-adjustment (COLA) exceeds 2.0%. If the Citywide COLA exceeds 2%, the parties agree to meet to negotiate the difference between the Citywide COLA and 2%.

Related to ECONOMIC REOPENER

  • Purchaser Bears Economic Risk The Purchaser has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Purchaser must bear the economic risk of this investment until the Securities are sold pursuant to: (i) an effective registration statement under the Securities Act; or (ii) an exemption from registration is available with respect to such sale.

  • Economic Uniformity (A) At the election of the General Partner with respect to any taxable period ending upon, or after, the termination of the Subordination Period, all or a portion of the remaining items of Partnership income or gain for such taxable period, after taking into account allocations pursuant to Section 6.1(d)(iii), shall be allocated 100% to each Partner holding Subordinated Units that are Outstanding as of the termination of the Subordination Period (“Final Subordinated Units”) in the proportion of the number of Final Subordinated Units held by such Partner to the total number of Final Subordinated Units then Outstanding, until each such Partner has been allocated an amount of income or gain that increases the Capital Account maintained with respect to such Final Subordinated Units to an amount equal to the product of (A) the number of Final Subordinated Units held by such Partner and (B) the Per Unit Capital Amount for a Common Unit. The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units. This allocation method for establishing such economic uniformity will be available to the General Partner only if the method for allocating the Capital Account maintained with respect to the Subordinated Units between the transferred and retained Subordinated Units pursuant to Section 5.5(c)(ii) does not otherwise provide such economic uniformity to the Final Subordinated Units.

  • Economic Risk The Purchaser realizes that the purchase of the ------------- Stock will be a highly speculative investment and involves a high degree of risk, and the Purchaser is able, without impairing financial condition, to hold the Stock for an indefinite period of time and to suffer a complete loss on the Purchaser's investment.

  • Economic Equivalence So long as any Exchangeable Shares not owned by Acquiror or its Affiliates are outstanding:

  • Regulatory and Special Allocations Notwithstanding the provisions of Section 5.01:

  • Chargeback of Partner Nonrecourse Debt Minimum Gain Notwithstanding the other provisions of this Section 6.1 (other than Section 6.1(d)(i)), except as provided in Treasury Regulation Section 1.704-2(i)(4), if there is a net decrease in Partner Nonrecourse Debt Minimum Gain during any Partnership taxable period, any Partner with a share of Partner Nonrecourse Debt Minimum Gain at the beginning of such taxable period shall be allocated items of Partnership income and gain for such period (and, if necessary, subsequent periods) in the manner and amounts provided in Treasury Regulation Sections 1.704-2(i)(4) and 1.704-2(j)(2)(ii), or any successor provisions. For purposes of this Section 6.1(d), each Partner’s Adjusted Capital Account balance shall be determined, and the allocation of income or gain required hereunder shall be effected, prior to the application of any other allocations pursuant to this Section 6.1(d), other than Section 6.1(d)(i) and other than an allocation pursuant to Section 6.1(d)(vi) and Section 6.1(d)(vii), with respect to such taxable period. This Section 6.1(d)(ii) is intended to comply with the chargeback of items of income and gain requirement in Treasury Regulation Section 1.704-2(i)(4) and shall be interpreted consistently therewith.

  • Capital Account Restoration No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation.

  • Capital Adjustments and Reorganizations The existence of the Restricted Shares shall not affect in any way the right or power of the Company or any company the stock of which is awarded pursuant to this Agreement to make or authorize any adjustment, recapitalization, reorganization or other change in its capital structure or its business, engage in any merger or consolidation, issue any debt or equity securities, dissolve or liquidate, or sell, lease, exchange or otherwise dispose of all or any part of its assets or business, or engage in any other corporate act or proceeding.

  • Economic Uniformity; Changes in Law (A) At the election of the General Partner with respect to any taxable period ending upon, or after, the termination of the Subordination Period, all or a portion of the remaining items of Partnership gross income or gain for such taxable period, after taking into account allocations pursuant to Section 6.1(d)(iii), shall be allocated 100% to each Partner holding Subordinated Units that are Outstanding as of the termination of the Subordination Period (“Final Subordinated Units”) in the proportion of the number of Final Subordinated Units held by such Partner to the total number of Final Subordinated Units then Outstanding, until each such Partner has been allocated an amount of gross income or gain that increases the Capital Account maintained with respect to such Final Subordinated Units to an amount that after taking into account the other allocations of income, gain, loss and deduction to be made with respect to such taxable period will equal the product of (A) the number of Final Subordinated Units held by such Partner and (B) the Per Unit Capital Amount for a Common Unit. The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units. This allocation method for establishing such economic uniformity will be available to the General Partner only if the method for allocating the Capital Account maintained with respect to the Subordinated Units between the transferred and retained Subordinated Units pursuant to Section 5.5(c)(ii) does not otherwise provide such economic uniformity to the Final Subordinated Units.

  • Minimum Working Capital The Borrower shall maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,000.

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