Enrollment and Contributions to Bank Sample Clauses

Enrollment and Contributions to Bank. The Sick Leave Bank shall consist of the accumulation of contributed sick leave days from employees not to exceed the limit hereinafter set forth. By September 15th of the current school year, each new employee may enroll in the Bank by contributing 2 days to the Bank. Employees hired mid-year will be allowed to defer enrollment until September 15th of the next school year. Current employees may enroll in the Bank during the open enrollment period. The open enrollment period will begin when the Bank falls below 20 days and the open enrollment period will continue for 30 days. Members who draw sick days from the Bank must re-enroll and contribute 2 sick days to the Bank by September 15th of the next school year. The employee's contribution to the bank, constitutes membership. The Bank may accumulate up to the maximum number of days allowed to any individual employee under the terms of the negotiated contract. No employee is eligible to request leave from the Sick Leave Bank during any school year unless that employee is a member of the Sick Leave Bank for that school year in the manner established by this section. Sick leave days contributed to the Bank cannot be taken back by the participant under any circumstances. Members must waive any claims to leave voluntarily donated to the Bank, including any monetary or retirement-related value the days may hold. Sick leave days available in the Bank at the end of a school year will be carried over into the next school year. No borrowing against anticipated future deposits into the Bank may occur. Only the available days currently in the Bank are subject to distribution. Retiring employees may choose to donate any number of days to the bank. The donation must be completed by July 1st of the year of retirement.
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Related to Enrollment and Contributions to Bank

  • Compensation The Depositor shall receive at the times set forth in Sections 3.05, 3.18, 3.23 and 4.03 as compensation for performing portfolio supervisory services, bookkeeping and administrative expenses and evaluation services, such amount and for such periods as specified the Prospectus and/or Reference Trust Agreement. The compensation for providing portfolio supervisory services, bookkeeping and administrative expenses and evaluation services shall be made on the basis of the largest number of units outstanding at any time during the period for which such compensation is being computed. At no time, however, will the total amount received by the Depositor for services rendered to all series of Guggenheim Defined Portfolios in any calendar year exceed the aggregate cost to them of supplying such services in such year. Such rate may be increased by the Trustee from time to time, without the consent or approval of any Unitholder, or the Depositor, by amounts not exceeding the proportionate increase during the period from the date of such Prospectus and/or Reference Trust Agreement to the date of any such increase, in consumer prices as published either under the classification "All Services Less Rent" in the Consumer Price Index published by the United States Department of Labor or, IF such Index is no longer published, a similar index. In the event that any amount of the compensation paid to the Depositor pursuant to Sections 3.05, 3.18 and 3.23 and 4.03 is found to be an improper charge against a Trust, the Depositor shall reimburse the Trust in such amount. An improper charge shall be established if a final judgment or order for reimbursement of the Trust shall be rendered against the Depositor and such judgment or order shall not be effectively stayed or a final settlement is established in which the Depositor agrees to reimburse the Trust for amounts paid to the Depositor pursuant to this Section 7.05.

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

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