Further Understanding. A. The Foundation is not subject to any interest withholding requirements and pursuant to Internal Revenue Service (IRS) regulations does not need to file an exemption certificate. The Financial Institution shall not issue an IRS Form 1099 to the Foundation on any interest earned and paid on IOLTA accounts to the Foundation. Financial Institutions should use the Foundation’s taxpayer identification number: 00-0000000 for any reports to taxing authorities.
Further Understanding. The time limits provided in this article shall be strictly observed but may be extended by mutual written consent of the Board and the Association. Adjustment of any grievance as described herein shall not be inconsistent with the provisions of this agreement. In the event a grievance is filed after May 15 of any year and strict adherence to the time limits may result in hardship to any party, the Board shall use its best efforts to process such grievance prior to the end of the school term or as soon thereafter as possible. No reprisals of any kind shall be taken by either party or by any member of the administration against any party in interest, any school representative or any other participants in the grievance procedure by reason of such participation. All grievances may be filed and/or lodged by the grievant during the normal school day, provided that such filing shall be during non-instructional time and/or such filing does not disrupt the educational process. If either the grievant, the immediate supervisor and/or the hearing officer is ill, or on approved leave, the time limits may be extended to such time that the grievant, immediate supervisor and/or hearing officials involved with the dispute and resulting grievance have the right to have representation at meetings and hearings as outlined in Step I through Step III of this procedure. All documents pertaining to a grievance shall be filed separately from the grievant's personnel folder(s). All provisions of this procedure shall be strictly adhered to except where they are mutually altered in writing by the Board and the Association. Grievances can be lodged and/or filed concerning only and limited to the terms of this Contract.
Further Understanding. The Employee understands and agrees that --------------------- the covenants in this Section 6 prohibit him from owning (other than ownership of less than one percent (1%) of the outstanding capital stock of a publicly- owned company), directly or indirectly, any business involved in the sale, distribution or development of arthroscopic and sports medicine surgical devices (or any person or entity that owns any capital stock or equity interest in any such business), or from accepting employment with or rendering services to any such business either as a director, officer, agent, representative, employee or consultant for the period of time specified in Section 6 (c).
Further Understanding. 28.1. It is hereby agreed and understood between the Parties that the purchase of the shares of the Company is required to be done in two tranches aggregating to a total of 15% of the issued and paid up share capital of the Company on a fully diluted basis which is equivalent to 6.186% (“Aggregate Purchaser Shareholding”) of the indirect beneficial equity interest in the Operating Company on a fully diluted basis (excluding the conversion of the Class A Preference Shares held by Anant Investments and an issuance for or in connection with the employee stock option scheme by the Operating Company). Further, the Parties have agreed that the Aggregate Purchaser Shareholding shall be purchased in the following manner:
Further Understanding. The Union and the Employer further agree that all terms and conditions of the Affiliates’ collective bargaining agreements, not addressed in this document, shall be recognized and adhered to. Language changes in the trades agreements negotiated after the effective date of this memorandum shall not apply to the University without the written consent of an authorized representative of Employer.
