Number and Duration. (i) Each school year one Sabbatical Leave may be granted to a Teacher who qualifies. The duration of such leave shall not exceed one school year.
Number and Duration. The Investor shall be entitled to have its shares included in an unlimited number of registrations pursuant to this Section 11(c). The rights of the Investor to registration of its Registrable Securities under this Section 11(c) shall continue until (x) all the Registrable Securities owned by it shall have been Transferred to transferees who are not entitled to the registration rights of the Investor hereunder in accordance with Section 15 hereof or, if earlier, (y) all its remaining Registrable Securities are already included in an effective resale registration statement on Form S-3 or other appropriate form for continuous or delayed offerings or are eligible to be Transferred in Public Sales to U.S. persons in the United States without registration under the Securities Act and without being subject to volume limitations under Rule 144 under the Securities Act, provided, in the case of (y), that there is a public float of the Common Stock equal to at least 15% of the total outstanding shares of Common Stock.
