Employer Options Sample Clauses

Employer Options. 3.3.1 The Employer and the Union hereby recognize that delivery of services in the most efficient, effective, and courteous manner is of paramount importance to the Employer, and as such, maximized performance is recognized to be an obligation of employees covered by this Agreement.
AutoNDA by SimpleDocs
Employer Options. The Employer and the Guild hereby recognize that delivery of services in the most efficient, effective and courteous manner is of paramount importance to the Employer, and as such, maximized performance is recognized to be an obligation of employees covered by this Agreement.
Employer Options. No disciplinary action or measure shall be imposed upon an employee prior to the exhaustion of the appeal procedure set forth herein except letters of reprimand – suspension up to three days – loss of leave credits up to three days. An employee may, however, be suspended without pay pending the outcome of such proceedings only if the employer determines that there is probable cause to believe that the employee’s continued presence on the job represents a reasonable expectation of danger to persons or property, or would severely interfere with the orderly operation of the department or substantially discredit the department. Suspension without pay may not exceed thirty (30) calendar days. (For the purpose of this article, gross, open insubordination shall be one item construed as severely interfering with the orderly operation of the department). Before any suspension begins, the disciplined employee, upon his request, will be allowed to discuss the matter with his Association xxxxxxx or other authorized representative of the Association. Disciplinary charges must be served within fifteen (15) workdays of any official verbal notification, or the disciplinary action shall become null and void.
Employer Options. Shares may be issued to employees of Xxxxxxxx ---------------- Properties Limited, Inc., Xxxxxxxx Properties Limited II, Inc., and Xxxxxxxx Properties Management, L.P. (each an "Employer") upon the exercise of an option granted by an Employer and upon payment of the purchase price to the Company. The purchase price per Common Share for Common Shares issued under this Section
Employer Options. The Employer and the Union hereby recognize that delivery of services in the most efficient, effective, and courteous manner is of paramount importance to the Employer, and as such, maximized performance is recognized to be an obligation of employees covered by this Agreement. In order to achieve this goal, the parties hereby recognize the Employer’s right to determine the methods, processes, and means of providing services, to increase, diminish, or change equipment, including the introduction of any and all new, improved, or automated methods or equipment and the assignment of employees to specific jobs within the bargaining unit. Such Employer rights are restricted only to the extent of an express provision of this Agreement or by a specific provision of applicable Washington State or federal law.

Related to Employer Options

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Code so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange and any other exchange on which Company securities are traded, and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!