GRANT STATUS Sample Clauses

GRANT STATUS a. A faculty member whose position is funded greater than 50% by sources other than general fund or tuition shall be considered to be on “grant status.” However, if the majority of the funding for a position comes from individual tuition payments from students, the faculty member will not be designated “grant status” even if not included in the general fund. x. Xxxxx status faculty shall have all the rights and obligations of a bargaining unit member except those limitations expressly imposed by the terms of this Agreement. c. Faculty initially employed for grant status positions shall be subject to the normal faculty recruitment and selection processes. x. Xxxxx status faculty shall be given terminal employment contracts for not less than one (1) year or for the duration of the grant, whichever is less. x. Xxxxx status faculty whose performance is satisfactory shall be offered reemployment in the same position; provided those job expectations have not changed, if the grant program in which the faculty member was employed is renewed for the ensuing year. f. A faculty member in “grant status” is not eligible to attain “regular status.” However, the faculty member who has attained regular status prior to accepting an assignment designated as “grant status” shall retain his/her regular status. g. Time spent in grant status shall apply towards the attainment of regular status if the faculty member is subsequently employed, without interruption, in a non-grant status position in the bargaining unit and when one of the following conditions is met: i. The faculty member is hired to continue working in the same discipline and with the same job duties. All time spent in the grant status position shall apply towards attainment of regular status. ii. The grant status faculty member with two (2) or more years of continuous bargaining unit service, hired for a general fund position, must satisfactorily serve an additional probationary period for three (3) academic terms before qualifying for regular status. The faculty member will have the option within the first twelve months of the probationary period to return to the prior grant status position as a grant status faculty member, provided the position still exists. h. For employment status purposes, it is understood that a self-support position funded by monies greater than 50% from outside sources/agencies (not for tuition reimbursement) is designated as grant status. A self-support position funded by monies less tha...
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GRANT STATUS. Employees in grant status as of May 1, 1997 shall become regular employees and shall be in a probationary status if they have served in their current class (as of May 1, 1997) less than six months. They shall be in a permanent status if they have served in their current class (as of May 1, 1997) six months or more. Said employees’ previous time spent in grant status shall be counted for purposes of seniority points in the event of a reduction in force. 16.3.1. New grants will be evaluated on a case by case basis to determine whether positions funded should be regular status or grant status. Grants which are anticipated to continue beyond one year normally will be filled by probationary/permanent employees. 16.3.2. In no event shall any allocated position remain grant status for longer than two years. At the end of two years, a grant position shall become regular. 16.3.3. Should a grant position become regular, time spent in grant status by the incumbent shall be counted for purposes of probationary period and seniority points.
Sample 1Sample 2
GRANT STATUS a. A faculty member whose position is funded greater than fifty percent (50%) by sources other than general fund or tuition shall be considered to be on “grant status.” However, if the majority of the funding for a position comes from individual tuition payments from students, the faculty member will not be designated “grant status” even if not included in the general fund. For employment status purposes, it is understood that a self-support position funded by monies greater than fifty percent (50%) from outside sources/agencies (not for tuition reimbursement) is designated as grant status. A self-support position funded by monies less than or equal to fifty percent (50%) from outside sources/agencies is designated as general funded. x. Xxxxx status faculty shall have all the rights and obligations of a bargaining unit member except those limitations expressly imposed by the terms of this Agreement. c. Faculty initially employed for grant status positions shall be subject to the normal faculty recruitment and selection processes.
Sample 1
GRANT STATUS a. A faculty member whose program or position is funded by special, private, or public grants outside the College’s General Fund budget shall be considered to be on “grant status” while employed under such programs. However, this shall not apply to a faculty member who has attained regular status prior to accepting an assignment in a special grant- funded program. Such faculty member shall retain his/her regular status. b. Members initially employed for grant status positions shall be subject to the normal faculty recruitment and selection process. x. Xxxxx status faculty members may be given employment contracts for less than the completion of the fiscal year or for the duration of the grant. x. Xxxxx status faculty members whose performance is satisfactory shall be offered re-employment in the same position if the grant program in which the member was employed is renewed for the ensuing year. e. Time spent in grant status shall apply towards the attainment of regular status if the faculty member receives employment, without interruption, in a General Fund position in the bargaining unit.
Sample 1

Related to GRANT STATUS

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • Option Grant You have been granted a NON-STATUTORY STOCK OPTION (referred to in this Agreement as your "Option"). Your Option is NOT intended to qualify as an "incentive stock option" under Section 422 of the Internal Revenue Code of 1986, as amended.

  • Option Agreement Each Option granted pursuant to this Section 9 shall be evidenced by a written stock option agreement, which shall be executed by the Non-employee Director and the Company.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) No portion of the Option which has not become vested and exercisable at the date of the Participant’s Termination of Services shall thereafter become vested and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and the Participant. [

  • Period of Continuous Service Period of Notice Up to 1 Year 1 Week More than 1 Year but less than 3 Years 2 Weeks More than 3 Years but less than 5 Years 3 Weeks More than 5 Years 4 Weeks

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Confirmation of Grant The Company hereby evidences and confirms, effective as of the date hereof, its grant to the Employee of Options to purchase the number of shares of Common Stock specified on the signature page hereof. The Options are not intended to be incentive stock options under the Code. This Agreement is entered into pursuant to, and the terms of the Options are subject to, the terms of the Plan. If there is any inconsistency between this Agreement and the terms of the Plan, the terms of the Plan shall govern.

  • Termination of Service (a) If, prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of the Expiration Date or the day three (3) months after the Date of Termination to the extent the Options were vested and exercisable as of the Date of Termination. (b) If the Participant’s Service with the Company shall cease prior to the Expiration Date by reason of death or disability, or the Participant shall die or become disabled while entitled to exercise any of the Options pursuant to paragraph 3(a), the Participant or the Participant’s legal representative, or, in the case of death, the executor or administrator of the estate of the Participant or the person or persons to whom the Options shall have been validly transferred by the executor or administrator pursuant to will or the laws of descent and distribution, shall have the right, until the earlier of the Expiration Date or one year after the date of death or disability, to exercise the Options to the extent that the Participant was entitled to exercise them on the date of death or disability. (c) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated for “Cause” (as defined in the Plan), (i) unless otherwise provided by the Committee, the Options, to the extent not exercised as of the Date of Termination, shall lapse and be canceled, and (ii) all shares of Common Stock received pursuant to an exercise of the Options after such termination, in contravention of subsection (i) above, may be purchased by the Company at its discretion for the exercise price of such shares paid by the Participant. If the Participant’s Service relationship with the Company is suspended pending an investigation of whether the Participant shall be terminated for Cause, all the Participant’s rights with respect to the Options shall be suspended during the period of investigation. (d) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated other than for Cause, a Normal Termination, death or disability, the Options, to the extent then vested and exercisable as of the Date of Termination, shall remain exercisable until the earlier of the Expiration Date or thirty (30) days after the Date of Termination. (e) After the expiration of any exercise period described in any of Sections 3(a) - (d) hereof, or otherwise upon the Expiration Date, the Options shall terminate together with all of the Participant’s rights hereunder, to the extent not previously exercised.

  • Forfeiture upon Termination of Status as a Service Provider Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

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