Option Four Sample Clauses

Option Four displace the most junior employee within the same classification at any other site; or
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Option Four. Upon Seller’s receipt of the Third Option Purchase Price on or before the Third Option Date and terminating on December 15, 2016 (the “Fourth Option Date”), XXXX shall have a fourth Option (the “Fourth Option”) to purchase an additional 5% of the Stock, for the purchase price of $750,000.00 (the “Fourth Option Purchase Price”), which shall be paid on or before the Fourth Option Date. In the event that XXXX exercises the Fourth Option, upon the exercise of the Fourth Option and subject to the terms and conditions set forth herein, the Seller agrees to sell, convey, transfer, assign and deliver to XXXX, and XXXX agrees to purchase from the Seller an additional 5% of the Stock, including all rights with respect to the Stock, subject to any restrictions as set forth in the Organizational Documents; provided, that, if XXXX fails to pay the Third Option Purchase Price on or before the Third Option Date, or the Fourth Option Purchase Price on or before the Fourth Option Date, the Fourth Option shall be immediately and automatically terminated without notice. Notwithstanding the foregoing, XXXX shall be granted a 5 day grace period with respect to the Fourth Option Date for the Fourth Option Purchase Price upon providing written notice to Seller requesting the same. Time is of the essence.
Option Four. Payment of the Fourth Option Purchase Price on or before the Fourth Option Payment Deadline in immediately available funds. Upon Seller’s receipt of the Fourth Option Purchase Price, Seller will issue 5% of the Stock to XXXX.
Option Four. Core has a direct commercial relationship with the Customer, shall be the primary contractor, will hold the contractual relationship with the Customer and shall be responsible for executing all Customer contracts and invoicing for work completed. The relationship between Core and the Partner shall be that of independent contractor and the Parties agree to the terms and conditions of the Back to Back Agreement and that such terms shall form relationship.
Option Four. (a) Notwithstanding anything in the Collective Agreement to the contrary, an Eligible Employee choosing this option may be provided with a leave of absence for a period of up to three years while attending an educational-training program as mutually agreed to by the Company and the Union. During the duration of the program, such employee shall receive 90% of his basic weekly rate of pay applicable to the position permanently held at the time of the change less all regular deductions including Union dues.
Option Four use this option if there is an outstanding loan secured on the Home and one of you will ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Option Four. MIA SHARE – Xxx Xxxxx is an income share student loan where you make a $500 deposit and then you only repay when you get a job and and your payments will be based on your income. See attached flyer or visit: tnpti.mia- share/tuition-flyer to see if you qualify. Xxx Xxxxx works closely with their students for success! Payment Plan Options Option One: Pay in Full Tuition Fee: $ 2499.00 *This can be paid in any increment at any time as long as it is paid in full by the first day of class. Payors may pay online at xxx.XXXXX.xxx by clicking on “Contact Us” and then “Pay Online” to make a payment at any time. Option Two: 10-week Payment Plan Tuition Fee: $ 2,499.00 Down Payment: $ 1,249.50 (1/2 tuition) Balance: $ 1,249.50 5% Interest $ 62.48 Amount Financed: $ 1,311.98 Weekly Payment: $ 131.20 Option Three: 10-week Payment Plan Tuition Fee: $ 2,499.00 Down Payment: $ 999.00 Balance: $ 1,500.00 10% Interest $ 150.00 Amount Financed: $ 1,650.00 Weekly Payment: $ 165.00 *The down payment must be made by the first day of class and the payment plan must be set up before a student can begin class. **Tuition must be paid in full for a student to receive their certification of completion. (payment options are continued on the next page)‌ Payment plans are set up as recurring payments using a debit or credit card. We accept Visa, Mastercard, Discover and American Express. A “Truth in Lending Statement” and a “Recurring Payment Authorization Formmust be completed for any of these payment plan options. Payments will be set up for each week. A late payment fee of $25 will be assessed after a payment is five (5) days past due.
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Option Four. (i) Notwithstanding anything in the Collective Agreement to the contrary, an employee choosing this option shall be provided with a leave of absence for a period of up to three years while attending an educational-training program approved by the Labour Adjustment Committee. During this time period, an employee will continue to receive his/her Basic Weekly Rate of pay applicable to the position permanently held at the time of the change, paid on the same bi- weekly basis as s/he was paid while in active service with the Company. Normal deductions covering pension, income tax, union dues, etc., will be made in the usual manner. An employee who elects to be covered by this option shall be entitled to have his/her Group Life Insurance continue, fully paid by the Company, and Extended Health and Vision Care, and Dental benefits continue, co-paid by the Company and the employee, while receiving this benefit.

Related to Option Four

  • Option Period Pursuant to the Contract, the following are the Adjustment Factors for the next option period: Base Year Index Date Index 1 August 2019 11311.06 2 September 2019 11311.24 3 October 2019 11326.12 4 November 2019 11380.83 5 December 2019 11381.53 6 January 2020 11392.41 7 February 2020 11396.01 8 March 2020 11396.97 9 April 2020 11412.67 10 May 2020 11418.16 11 June 2020 11436.23 12 July 2020 11439.11 Third Year Index Date Index 1 August 2021 12463.13 2 September 2021 12464.55 3 October 2021 12464.94 4 November 2021 12467.32 5 December 2021 12481.82 6 January 2022 12555.55 7 February 2022 12683.97 8 March 2022 12791.43 9 April 2022 12898.96 10 May 2022 13004.47 11 June 2022 13110.50 12 July 2022 13167.84 Base Year Average 11383.5283 Third Year Average 12712.8733 Price Adjustment: Third Year Index Average = 12712.8733 = 1.1168 Base Year Index Average 11383.5283 WA-DC-E01-100120-VGL Original Adjustment Factor x Price Adjustment = Option Multiplier Normal Working Hours – Prevailing Wage 1.0919 1.1168 1.2194 Other Than Normal Working Hours – Prevailing Wage 1.0924 1.1168 1.2200 Normal Working Hours – Non-Prevailing Wage 1.0919 1.1168 1.2194 Other Than Normal Working Hours – Non- Prevailing Wage 1.0924 1.1168 1.2200 Non Pre-Priced 1.2108 1.0000 1.2108

  • Option The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of all Leased Data Management Equipment.

  • Option Award The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

  • Option Term This option shall have a term of ten (10) years measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 5 or 6.

  • Second Option If Tenant exercises the First Option, Landlord grants Tenant an additional option (the "Second Option") to extend the term of the Lease for one (1) additional term of five (5) years (the "Second Option Term"). The Second Option applies only to the Premises and is on the following conditions:

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than eighteen (18) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) as of the end of the Lease Term, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (iii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice; and (iv) the Lease then remains in full force and effect and Original Tenant or a Permitted Assignee occupies the majority of the Premises at the time the option to extend is exercised and as of the commencement of the Option Term. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • 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.

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