Notice to Exercise Bumping Rights Sample Clauses

Notice to Exercise Bumping Rights. An employee who intends to exercise her bumping rights shall indicate his/her intention in writing to the designated supervisory official within five (5) working days of receipt of the notice of job abolishment.
Sample 1Sample 2
AutoNDA by SimpleDocs
Notice to Exercise Bumping Rights i) As closely as possible, bumping is intended to maintain an employee’s salary rate and classification level, location, duties and responsibilities.
Sample 1Sample 2
Notice to Exercise Bumping Rights. A permanent employee who intends to exercise his bumping rights shall indicate his intention in writing to the Director of Operations by the midpoint of receipt of the notice of position abolishment. If no response is received within this period, the employee shall be deemed to have declined the option to bump and will be placed on lay-off as per Article 7.2(b).
Sample 1
Notice to Exercise Bumping Rights. Bumping Rights shall not apply to temporary layoffs. As closely as possible, bumping is intended to maintain an employee’s salary rate and classification level, location, duties and responsibilities. Permanent full-time and permanent part-time employees who intend to exercise his/her bumping rights shall indicate his/her intention in writing to the Employer within five (5) working days of receipt of notice of the position abolishment. An employee who fails to indicate an intent to bump, within the five (5) working days, shall be deemed to have opted to go on lay-off, or he/she may resign and receive severance pay.
Sample 1
Notice to Exercise Bumping Rights. An employee who intends to exercise her bumping rights shall indicate her intention in writing to the designated supervisory official within five
Sample 1
Notice to Exercise Bumping Rights. (1) A permanent employee shall indicate his intention to exercise his bumping rights, in writing to the designated person within five (5) working days of receipt of the notice of position abolishment.
Sample 1

Related to Notice to Exercise Bumping Rights

  • Manner of Exercise (a) The Optionee may exercise this Stock Option only in the following manner: from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may give written notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding periods as may be required by the Administrator; (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the option purchase price, provided that in the event the Optionee chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure; (iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; or (v) a combination of (i), (ii), (iii) and (iv) above. Payment instruments will be received subject to collection. The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company’s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to.

  • Method of Exercise Holder may exercise this Warrant by delivering a duly executed Notice of Exercise in substantially the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Article 1.2, Holder shall also deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.

Time is Money Join Law Insider Premium to draft better contracts faster.