EXPRESS CONDITIONS. A. The Employee will not receive compensation until they begin contracted service for the Board.
B. Regardless of any board policy or term of this contract, the Board may, with two (2) weeks’ notice, lay-off or furlough the Employee with or without benefits and/or salary should the Board determine, in its sole discretion that exigent economic circumstances exist or that such a lay- off or furlough is in the best interests of the College. The Employee may be laid-off or furloughed to part-time status. If the Employee is laid off or furloughed to part-time status, the Employee will be paid salary pro rata, based on the Employee’s full-time salary. For Employees laid-off or furloughed to part-time status, the Board will determine whether benefits will be granted on a pro rata basis or continued in full for the duration of the lay-off or furlough.
C. The Employee’s employment may be terminated with cause, or whenever in the discretion and judgment of the President or designee, if the Employee has failed to meet the performance expectations or productivity goals set by the College, including, but not limited to, income generating goals.
EXPRESS CONDITIONS. A. The Employee will not receive compensation until they begin contracted service for the Board.
B. Regardless of any board policy or term of this contract, the Board may, with two (2) weeks’ notice, lay-off or furlough the Employee with or without benefits and/or salary should the Board determine, in its sole discretion that exigent economic circumstances exist or that such a lay-off or furlough is in the best interests of the College. The Employee may be laid-off or furloughed to part-time status. If the Employee is laid off or furloughed to part-time status, the Employee will be paid salary pro rata, based on the Employee’s full-time salary. For Employees laid-off or furloughed to part-time status, the Board will determine whether benefits will be granted on a pro rata basis or continued in full for the duration of the lay-off or furlough.
EXPRESS CONDITIONS. A. The Employee will not receive compensation until he/she begins contracted service for the Board.
B. Regardless of any board policy or term of this contract, the Board may, with two (2) weeks’ notice, lay-off or furlough the Employee with or without benefits and/or salary should the Board determine, in its sole discretion that exigent economic circumstances exist or that such a lay-off or furlough is in the best interests of the College. The Employee may be laid-off or furloughed to part-time status. If the Employee is laid off or furloughed to part-time status, the Employee will be paid salary pro rata, based on the Employee’s full-time salary. For Employees laid-off or furloughed to part-time status, the Board will determine whether benefits will be granted on a pro rata basis or continued in full for the duration of the lay-off or furlough.
C. A determination by the Board or the external agency discontinuing the grant funding for the applicable a project or program constitutes cause for the termination of the Employee’s employment.
D. The Employee’s employment may be terminated with cause, or whenever, in the discretion and judgment of the President or designee, the Employee has failed to meet the performance expectations or productivity goals set by the College, including, but not limited to, income generating goals.
EXPRESS CONDITIONS. A. The Employee will not receive compensation until service for the Board begins.
B. Should it become necessary because of an emergency to delay the opening or suspend the operation of the college temporarily, as determined by the Board, such time may be made up after termination of the emergency and the employee may be required to work corresponding additional periods without additional compensation irrespective of the dates specified by the official college calendar or stipulated in this contract.
C. Employees entering service for the Board shall file prior to the first date of service a written report of a medical examination by a qualified physician on a form furnished by the Board, certified to by the Employee and signed by the examining physician, showing the Employee to be in good health. The Employee shall file such other written reports of medical examination as requested by the Board.
EXPRESS CONDITIONS. A. The Employee will not receive compensation until service for the Board begins.
B. Should it become necessary because of an emergency to delay the opening or suspend the operation of the college temporarily, as determined by the Board, such time may be made up after termination of the emergency and the employee may be required to work corresponding additional periods without additional compensation irrespective of the dates specified by the official college calendar or stipulated in this contract.
EXPRESS CONDITIONS. The Employee will not receive compensation until they begin contracted service for the Board.
EXPRESS CONDITIONS. 1. Producer (and, if applicable, its employed agents) will maintain in full force and effect any and all required licenses and secure any and all necessary appointments with the Company as required or appropriate under state insurance laws.
2. At all times that this Agreement is in force, Producer agrees to comply with state requirements relative to financial responsibility by maintaining either a bond or Errors & Omissions insurance as required by the state department of insurance. In the absence of any state requirement, Producer is required by the Company to maintain Errors & Omissions coverage in an amount that is not less than $50,000 per claim / $250,000 annual aggregate underwritten on a claim made basis. A copy of such policy or bond shall be furnished to Company upon request.
EXPRESS CONDITIONS. 12.01 Notwithstanding anything herein to the contrary, Purchaser's obligations hereunder are subject to the following conditions:
(a) Purchaser shall have obtained from its primary lender, Deutsche Financial Services Company, consent to the transaction.
(b) Approval of the Board of Directors of Purchaser;
(c) Purchaser has completed its due diligence investiga-tion of the books and records and business prospects of Company to its satisfaction. The contingencies set forth in this Section shall have all been met, or rejected in writing, by Purchaser and Sellers where applicable, no later than August ___, 1999.
EXPRESS CONDITIONS. 12.1 Notwithstanding anything herein to the contrary, Purchaser's obligations hereunder are subject to the following conditions:
(a) Purchaser shall have obtained from its primary lender, Star Bank, N.A., consent to the transaction.
(b) Purchaser shall have acquired all necessary permits from federal, state and local agencies that are necessary to conduct business in the State of Indiana.
(c) Approval of the Board of Directors of Purchaser.
(d) Purchaser has completed its due diligence investigation of the books and records and business prospects of Seller to its satisfaction. The contingencies set forth in this Section shall have all been met, or rejected in writing, by Purchaser and Seller, where applicable, no later than July 24, 1997.
EXPRESS CONDITIONS. 13.1 Notwithstanding anything herein to the contrary, Purchaser's obligations hereunder are subject to the following conditions:
(a) Purchaser shall have obtained from its primary lender, Star Bank, N.A., consent to the transaction.
(b) Purchaser shall have acquired all necessary permits from federal, state and local agencies that are necessary to conduct business in the States of Virginia and West Virginia.
(c) Approval of the Board of Directors of Purchaser.
(d) Purchaser has completed its due diligence investigation of the books and records and business prospects of Seller to its satisfaction. The contingencies set forth in this Section shall have all been met, or rejected in writing, by Purchaser and Seller, where applicable, no later than March 6, 1998.
