Mandatory Transfer. Classroom teachers who receive a mandatory transfer to another building will be paid for the time that they actually spend moving to the new building. The compensation will be at the affected teacher's per diem rate applied pro-rata, based on an eight hour work day, to the actual number of hours spent moving, but will not exceed two days regardless of the actual amount of time necessary to complete the move. In order to receive this compensation, affected teachers must (a) have preapproval from the Human Resources Director of a written, bona-fide estimate of the time it will take to make the move and (b) after making the move, submit to the Human Resources Director written confirmation of the actual hours spent moving.
Mandatory Transfer. Classroom teachers who receive a mandatory transfer to another building will be paid for the time that they actually spend moving to the new building. The compensation will be at the affected teacher's per diem rate applied pro-rata, based on an eight hour work day, to the actual number of hours spent moving, but will not exceed two days regardless of the actual amount of time necessary to complete the move. In order to receive this compensation, affected teachers must (a) have preapproval from the Human Resources
Mandatory Transfer. Anixter Center shall have the right to transfer bargaining unit members into vacant bargaining unit positions Anixter Center desires to fill, on a temporary basis, for a period not to exceed ninety (90) calendar days. Vacant positions include those vacant due to resignations, leaves of absence, sickness, vacation or the Agency’s inability to fill a position for any reason. If a position is vacant according to the above definition, Anixter Center may request a volunteer from the bargaining unit to temporarily fill the position. In the event there is more than one qualified volunteer, the most Agency senior volunteer in a like job will be assigned. If there are no qualified volunteers for the position, Anixter Center will select an individual in a like or similar job, with lowest Agency seniority, to be mandatorily transferred to the vacant position for up to ninety (90) calendar days. During such temporary transfer assignment, the transferred Employee will be paid at the higher of his/her then-current regular rate of pay and the rate of pay for the job to which the Employee is temporarily transferred.
Mandatory Transfer. Mandatory transfers may be made pursuant to Section 2, or from the seniority list at the post or unit or posts or units which the Director determines is in the best interest of the Agency, and shall be based on time in service seniority in inverse order (except for employees still serving their initial probationary period and employees with less than three years at their first post) subject to the frequency provisions of Sections 8 and 9, and the seniority provisions of Section 7. Section 7. Seniority Except as provided in Section 4. d., employees with more than the median seniority (time in service for a trooper or time in rank for a sergeant) may decline any transfer offered. If an employee is offered a promotion and declines said promotion, the employee shall be removed from that employment list consistent with the rules of the Civil Service Commission.
Mandatory Transfer. Mandatory transfers may be made pursuant to Section 2, or from the seniority list at the post or unit or posts or units which the Director determines is in the best interest of the Agency, and shall be based on time in service seniority in inverse order (except for employees still serving their initial probationary period and employees with less than three years at their first post), but subject to the frequency provisions of Sections 8 and 9, and the seniority provisions of Section 7.
Mandatory Transfer. The Union acknowledges the right of the District to assign employees work locations and duties. However, when there is to be a substantial change in work place or assignment, (except in emergency situations) an employee will be given a minimum of two (2) weeks’ notice. The District will post notices to seek qualified volunteers before requiring a mandatory transfer in circumstances where the reason for the transfer is filling a particular vacancy. Volunteers need not be sought where the reason for the transfer is to remove an employee from a specific assignment. If an employee is to be reassigned, the District agrees to confer with representatives of the Union to discuss the reasons and alternatives explored before reassigning the employee.
Mandatory Transfer. (a) If any Member or, if the Member is a corporate entity, any individual owning or controlling 50% or more of that entity's equity (an “Employed Member”) is employed by Legacy Opportunity Fund, LLC or any of its affiliated companies (collectively “Legacy”) and the Employed Member resigns his or her employment with Legacy for any reason within five years after becoming a Member, or if Legacy terminates the Employed Member at any time for fraud, theft, willful neglect, or other similar misconduct, Legacy will, effective upon the date of such resignation or termination, have an irrevocable option to repurchase the Employed Member's Percentage Interest as of the date of the resignation or termination in exchange for repayment of the value of the Employed Member's initial capital contribution, without interest.
(b) If an Employed Member resigns his or her employment with Legacy for any reason more than five years after becoming a Member, if Legacy terminates the Employed Member's employment for any reason other than fraud, theft, willful neglect, or other similar misconduct, or if the Employed Member dies or suffers a bona fide disability that leaves Employed Member unable to work, as determined by Legacy in its sole discretion, Legacy shall then have the right but not the obligation to repurchase the Employed Member's Percentage Interest in exchange for the fair market value of the Employed Member's Percentage Interest as of the date of the Employed Member's death, disability, or termination, as determined by Legacy in its sole reasonable discretion.
(c) Legacy may designate and assign its Manager or one or more employees, officers, directors or Members of Legacy or its Manager to exercise all or a part of Legacy's repurchase rights under this Section. Employed Member hereby appoints the Secretary of the Company, or any other person designated by the Manager to act as Secretary, as Employed Member's attorney-in-fact to sell, assign and transfer to Legacy or its designee, all of the Percentage Interest repurchased by Legacy or its designee pursuant to this Section.
Mandatory Transfer. (a) Notwithstanding anything to the contrary herein, if any Lender (other than Bank of China) fails to disburse a Loan within five (5) Business Days from the date a Utilization Request is delivered and the conditions precedent to the Utilization have been satisfied in accordance with this Agreement, the Borrower shall have the right (but not the obligation) to instruct such Lender to transfer its Available Facility B Commitment to Bank of China by delivering a written transfer order to such Lender (a “Transfer Order”) in the form attached hereto as Schedule 6 (Form of Transfer Order), with a courtesy copy to the Facility Agent and the other Lenders. The Parties agree that upon such Lender's receipt of the Transfer Order, such Lender shall immediately transfer its Available Facility B Commitment (the “Transferred Commitment”) to Bank of China (and Bank of China shall, strictly in accordance with the terms and conditions set out in this Section 19.2, immediately assume the full amount of the Transferred Commitment and execute any documents reasonably requested by the Borrower in respect of such transfer).
(b) The Parties agree that, unless otherwise determined by the Borrower in its reasonable discretion, the mandatory transfer contemplated herein shall be completed in accordance with the procedures for transfer set out in Section
Mandatory Transfer. 10.1 CBS shall have the right (but not the obligation) in its sole discretion to purchase Banyan's shares of Common Stock or require that such shares of Common Stock be transferred to an independent trustee, as provided in Section 10.2, within sixty (60) days after a CBS Competitor has directly or indirectly acquired beneficial ownership of more than 30% of the outstanding shares of the common stock, or securities representing, in the aggregate, more than 30% of the total voting power, of Banyan (or any parent entity controlling Banyan), or all or substantially all of Banyan's assets (a "Banyan Change of Control"), at a time when Banyan and its subsidiaries and parent entities shall then own in the aggregate a number of shares of Common Stock equal to at least ten percent (10%) of the outstanding shares of the Common Stock, without the prior written consent of CBS (a "Triggering Event"). The parties hereby agree that Banyan may give CBS confidential written notice of its intent to enter into an agreement which would cause a Banyan Change of Control, together with a description of the party with whom Banyan intends to effect such a transaction. CBS shall have twenty (20) days from receipt of such notice to respond to Banyan in writing as to whether it would elect to trigger the provisions of this Section 10 with respect to such potential Banyan Change of Control. If, and only if, CBS notifies Banyan in writing that it would not make such election, CBS shall be deemed to have waived its right to trigger such mandatory transfer provisions with respect to such potential Banyan Change of Control.
10.2 Upon the occurrence of a Banyan Change of Control, CBS may elect one of the following within forty-five (45) days after written notice from Banyan that a Banyan Change of Control has occurred:
(a) (i) CBS may offer to purchase the shares of Common Stock then held by Banyan and its subsidiaries and parent entities, and Banyan and its subsidiaries and parent entities shall be required to sell to CBS, such sale to occur no later than ten (10) days after Banyan's receipt of CBS's written offer to purchase such shares of Common Stock, at a purchase price for the shares of Common Stock held by Banyan and its subsidiaries and parent entities equal to the Fair Market Value of the Common Stock on the date of the Triggering Event.
Mandatory Transfer. 152 (A) If the Company so elects (in its sole discretion), then immediately following the Cross- Border Merger becoming effective on the CBM Effective Date, all New PLC Shares allotted pursuant to the Cross-Border Merger to Cede & Co. (a New York partnership having its principal place of business in the State of New York, as nominee for the Depositary Trust Company) which, prior to the CBM Effective Date, held NV NYRSs on behalf of NV NYRS Holders, shall be transferred (the “Mandatory PLC Share Transfer”) from Cede & Co. (as nominee for the Depositary Trust Company) to DB London (Investor Services) Nominees Limited (or such other entity appointed by and holding, or entitled to hold, PLC Shares on behalf of the PLC ADS Depositary) (the “Mandatory Transferee”).
