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. 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. (i) Core’s project manager will be the primary point of all communication to the Customer regarding the Services. (ii) All requests for additional work made by the Customer direct to Partner will be referred directly to Core’s project manager. (iii) The Partner will communicate directly with the Customer for day to day delivery purposes only. The Partner will use commercially reasonable endeavours to provide copies of all correspondence to Core’s project manager and will communicate any relevant information arising from communications with the Customer. (iv) Core shall purchase Services from the Partner according to the type of resource required and for the defined length of time at the day rates defined in the Statement of Work. (v) The Partner shall manage and endeavour to complete the Deliverables in accordance with the relevant Back to Back Agreement and Statement of Work and shall provide the Services with all due care, skill and ability. The Partner will use its commercially reasonable endeavours to ensure that it uses resources which have the necessary skills and experience to perform the Services to the standard required by Core. The Partner agrees to take such steps as may be required to fulfil its obligations under this PA and the Back to Back Agreement and will notify Core immediately if the Partner is unable to comply with any of the terms of this PA and Back to Back Agreement. (vi) The Partner shall provide reasonable notice to Core of any change in its senior personnel engaged as part of the Services. Where relevant, the Partner shall replace any senior personnel who are removed with another appropriately skilled person. Notwithstanding the foregoing, the Partner shall at all times be responsible for and liable in respect of the performance of all obligations under any Statement of Work whether such obligations are performed by the Partner itself or any sub-contractor engaged by the Partner. (vii) Core undertakes to pay the fees for the Services that may be provided to Core by the Partner. It ...
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Option Four use this option if there is an outstanding loan secured on the Home and one of you will ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
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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.
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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.
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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! 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. 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 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 Form” must 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. 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.
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Related to Option Four

  • Option Period Pursuant to the Contract, the following are the Adjustment Factors for the term ending October 20, 2023: Date Index 1 August 2019 11311.06 3 October 2019 11326.12 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 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 Adjustment: Third Year Index Average = 12712.8733 = 1.1168 Base Year Index Average 11383.5283 WA−DC−GC03−100120−SWC Original Adjustment Factor x Adjustment = Adjustment Factor through 10/20/23 Normal Working Hours – Prevailing Wage 1.0378 1.1168 1.1590 Other Than Normal Working Hours – Prevailing Wage 1.0638 1.1168 1.1881 Normal Working Hours – Non−Prevailing Wage 1.0357 1.1168 1.1567 Other Than Normal Working Hours – Non− Prevailing Wage 1.0605 1.1168 1.1844 Non Pre−Priced 1.1627 1.0000 1.1627

  • Option 2 Employees may choose to enroll in the Cigna Open Access Plus In Network (OAPIN) plan that allows for in network coverage only. The employee price tag will be 14% of the annual premium through December 31, 2016 according to the schedule in Appendix B-1, (15% for those hired on or after January 1, 2013); 15% as of January 1, 2017; and 15% as of January 1, 2018 through December 31, 2021. Beginning January 1, 2013 through December 31, 2021, the prescription co-pay structure shall be as follows: Cigna OAPIN: Retail – up to a 30 day supply - $10 for generic; $20 for formulary; $35 for non- formulary; Mail Order: - 90 day supply of maintenance prescriptions - $20 for generic; $40 for formulary; $70 for non- formulary. Also, the hospital emergency room co-pay will be $50 per visit and is waived if admitted.

  • Option (a) In order to induce Parent and Purchaser to enter into the Merger Agreement, Stockholder hereby grants to Purchaser an irrevocable option (a "SECURITIES OPTION") to purchase the Securities (the "OPTION SECURITIES") at the Offer Price, subject to increase as set forth below (the "PURCHASE PRICE"). The Securities Option may be exercised, in whole but not in part, by written notice to Stockholder (as set forth below), for a period of ten (10) business days (the "10 DAY PERIOD") following termination of the Merger Agreement or termination of the Offer, whichever shall first occur; PROVIDED that, prior to such termination, either (i) a Trigger Event shall have occurred or (ii) (A) the Company shall have received a written proposal from any person other than Parent, Purchaser or any affiliate of Parent or Purchaser for an Acquisition Transaction, which proposal shall not have expired or been withdrawn, (B) the Merger Agreement shall have been terminated by Parent pursuant to Section 8.01(b), 8.01(d)(ii), 8.01(f) or 8.01(g) and (C) at the time of such termination the Minimum Condition shall not have been satisfied. Notwithstanding the foregoing, the Securities Option may not be exercised until: (i) all waiting periods under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended (the "HSR ACT"), required for the purchase of the Securities upon such exercise shall have expired or been waived and any other conditions under the other Antitrust Laws shall have been satisfied and (ii) there shall not be in effect any preliminary injunction or other order issued by any Governmental Entity prohibiting the exercise of the Securities Option pursuant to this Agreement; provided that if (i) all HSR Act waiting periods shall not have expired or been terminated or (ii) there shall be in effect any such injunction or order, in each case on the expiration of the 10 Day Period, the 10 Day Period shall be extended until five (5) business days after the later of (A) the date of expiration or termination of all HSR Act waiting periods, and (B) the date of removal or lifting of such injunction or order. (b) In the event that Purchaser wishes to exercise the Securities Option, Purchaser shall send a written notice (the "NOTICE") to Stockholder identifying the date (not less than two (2) nor more than five (5) business days from the date of the Notice) for the closing of such purchase, which closing shall be held at the executive offices of the Company (or such other place as the parties may agree). At the closing, Stockholder shall deliver to Purchaser appropriate and effective instruments of transfer of the Option Securities, against payment to Stockholder of the Purchase Price, in same day funds, by wire transfer to such account as Stockholder shall designate. (c) In the event the Option Securities are acquired by Purchaser pursuant to the exercise of the Securities Option (the "ACQUIRED SECURITIES") and, either before or at any time within the one-year period following such acquisition, Parent, Purchaser or any affiliate of Parent or Purchaser shall acquire Common Stock (other than from the Company) at a price in excess of the Purchase Price, then the Purchase Price hereunder shall be increased to such higher price. If the purchase of the Acquired Securities has been completed at the time of such increase, Stockholder shall be entitled to receive, and Purchaser shall promptly (and in no event more than 48 hours following such increase) pay to Stockholder, by wire transfer of same day funds to such account as Stockholder shall designate, the amount of the increase. (d) In the event the Option Securities are acquired by Purchaser pursuant to the exercise of the Securities Option, Stockholder shall be entitled to receive, and Purchaser shall promptly (and in no event more than 48 hours following such Sale) pay to Stockholder, upon any subsequent disposition, transfer or sale to an unaffiliated third party ("SALE") of all or any portion of the Acquired Securities within the one-year period following such acquisition, an amount per share in cash equal to the excess, if any, of the net proceeds received per share in the Sale over the Purchase Price. Any such payment shall be made by wire transfer of same day funds to such account as Stockholder shall designate.

  • Option B For the first 4 weeks of leave, the University will pay 100% of regular salary.

  • Option 1 With receipts, an employee may be reimbursed for meal expenses up to $50.00 per day, including tax and gratuity, for three (3) meals, or when separate meals are claimed, eleven dollars ($11.00) for breakfast; fifteen dollars ($15.00) for lunch; and twenty-four dollars ($24.00) for dinner, all including tax and gratuity.

  • 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.

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • 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 twelve (12) 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) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. 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 other 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.

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