Point Allotments Sample Clauses

Point Allotments. (a) The Annual Point Allotment Per Employee will be based on the total dollar value of the items listed in the standard issue list set out in Section 1. Based on present costs, excluding applicable taxes, and the frequency of distribution, this point allotment is set at forty (40) per Employee per year, with one (1) point representing $10.00. (b) Entitlement Each Employee shall receive a full allotment of forty (40) points per year. (c) Unused Points May be carried over from year to year provided that the number of points carried forward, plus the Employee’s annual allotment, does not exceed a total of ninety (90) points. Any points in excess of ninety (90) shall be forfeited. (d) Account Balance It will be the responsibility of the Employer to notify each Employee of any points carried over from one year to another. Employees will be notified of these carry over points when they receive their annual order form. (e) Extended Absence Employees absent due to leave of absence or illness for periods in excess of three (3) months will have their allotment pro-rated accordingly.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Point Allotments. Group 3 Month Anniversary 1 Year Anniversary 2 Year Anniversary 3 Year Anniversary
Sample 1Sample 2
Point Allotments. 2.01 The annual point allotment per employee will be based on the total dollar value of the items listed in the standard issue list set out in section 1.02. Based on present costs, excluding applicable taxes, and the frequency of distribution, this point allotment is set at forty (40) per employee per year, with one point representing a $10.00 value. 2.02 Each employee shall receive a full allotment of forty (40) points per year. 2.03 New employees will receive the full uniform issue in the year in which they are hired. In the second calendar year of employment, new employees will receive 50% of the full point allotment. The employee will receive a full point allotment in the third and subsequent years of employment. 2.04 Unused points may be carried over from year to year provided that the number of points carried forward, plus the employee’s annual allotment, does not exceed a total of ninety (90) points. Any points in excess of 90 shall be forfeited. 2.05 It will be the responsibility of the Employer to notify each employee of any points carried over from one year to another. Employees will be notified of these carry over points when they receive their annual order form. 2.06 Employees absent due to leave of absence or illness for periods in excess of three months will have their allotment pro-rated accordingly.
Sample 1
Point Allotments. (a) The Annual Point Allotment Per Employee will be based on the total dollar value of the items listed in the standard issue list set out in Section 1. Based on present costs, excluding applicable taxes, and the frequency of distribution, this point allotment is set at one hundred and sixty (160) per Employee per year, with one (1) point representing $2.50. (b) Entitlement Each Employee shall receive a full allotment of one hundred and sixty (160) points per year. (c) Unused Points May be carried over from year to year provided that the number of points carried forward, plus the Employee’s annual allotment, does not exceed a total of three hundred and sixty (360) points. Any points in excess of three hundred and sixty (360) shall be forfeited.
Sample 1
Point Allotments. (a) The Annual Point Allotment Changes to Annual Point Allotment will be effective on January 1st in the year following the implementation of a renewal collective agreement. The Annual Point Allotment per Employee will be based on the current total dollar value of the items listed in the standard issue list set out in Article 17:01 (d). This cost is excluding any applicable taxes. The current total dollar value shall be multiplied by 38.19% and then divided by 2.5 to arrive at the Annual Point Allotment. One (1) point is $2.50. (b) Entitlement Each Employee shall receive a full allotment of one hundred and sixty (160) points per year. (c) Unused Points May be carried over from year to year provided that the number of points carried forward, plus the Employee’s annual allotment, does not exceed a total of three hundred and sixty (360) points. Any points in excess of three hundred and sixty (360) shall be forfeited.
Sample 1
Point Allotments. Entitlement: Each employee shall receive a full allotment of 38 points per year after one year of employment.
Sample 1
Point Allotments 
Sample 1
AutoNDA by SimpleDocs

Related to Point Allotments

  • JOINT ALLOTTEES That in case there are Joint Allottees all communications shall be sent by the Promoter to the Allottee whose name appears first and at the address given by him/her which shall for all intents and purposes to consider as properly served on all the Allottees.

  • Over Allotment Option (a) For the purposes of covering any over-allotments in connection with the distribution and sale of the Closing Securities, the Representative is hereby granted an option (the “Over-Allotment Option”) to purchase, in the aggregate, up to _____ shares of Common Stock (the “Option Shares”) and Series A Warrants to purchase up to ____ shares of Common Stock (the “Option Warrants” and, collectively with the Option Shares, the “Option Securities”) which may be purchased in any combination of Option Shares and/or Option Warrants at the Share Purchase Price and/or Warrant Purchase Price, respectively. (b) In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Option Shares is equal to the product of the Share Purchase Price multiplied by the number of Option Shares to be purchased and (b) the purchase price to be paid for the Option Warrants is equal to the product of the Warrant Purchase Price multiplied by the number of Option Warrants to be purchased (the aggregate purchase price to be paid on an Option Closing Date, the “Option Closing Purchase Price”). (c) The Over-Allotment Option granted pursuant to this Section 2.2 may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Securities within forty-five (45) days after the Execution Date. An Underwriter will not be under any obligation to purchase any Option Securities prior to the exercise of the Over-Allotment Option by the Representative. The Over-Allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which must be confirmed in writing by overnight mail or facsimile or other electronic transmission setting forth the number of Option Shares and/or Option Warrants to be purchased and the date and time for delivery of and payment for the Option Securities (each, an “Option Closing Date”), which will not be later than two (2) full Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of EGS or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Option Securities does not occur on the Closing Date, each Option Closing Date will be as set forth in the notice. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Shares and/or Option Warrants specified in such notice. The Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company.

  • JOINT ALLOTTEE That in case there are Joint Allottees all communications shall be sent by the Promoter to the Allottee whose name appears first and at the address given by him/her which shall for all intents and purposes to consider as properly served on all the Allottee(s).

  • Exercise of Over-allotment Option The Over-allotment Option granted pursuant to Section 2(c) hereof may be exercised by the Representative within 45 days of the Closing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Underwriters shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Underwriters, which shall be confirmed in writing via overnight mail or facsimile or other electronic transmission, setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Option Closing Date”), which shall not be later than five (5) full Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Underwriters, at the offices of the Representative’s counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Underwriters. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Additional Shares specified in such notice and (ii) the Underwriters shall purchase that portion of the total number of Additional Shares.

  • Partial or No Exercise of the Over-allotment Option In the event the Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to an aggregate of 750,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and all other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares, not including Shares issuable upon exercise of any warrants or any Common Stock purchased by Subscriber in the IPO or in the aftermarket equal to 20% of the issued and outstanding Shares immediately following the IPO.

  • Parking Fees The parking space(s) is provided with: (check one) ☐ - No Fee. The Tenant shall not pay a fee for parking access. ☐ ☐

  • TI Allowance Landlord shall provide to Tenant a tenant improvement allowance (collectively, the “TI Allowance”) as follows:

  • Individual Charge for Parking i. The Contractor shall provide up to twenty (20) parking passes to the Attendees during the Program Dates at the rate of $@@.@@ for each pass. Unless expressly set forth otherwise, the Contractor shall xxxx each Attendee directly for any parking passes purchased as an Individual Charge.

  • Shift Allowance In addition to the wage specified in sub-clause (1), read with sub- clause (12), a normal shift worker shall, in respect of his shift hours worked in any week, be paid an additional 12,5% on such wage.

  • Tenant Allowance Landlord shall provide Tenant an allowance for each Building in an amount not to exceed the sum set forth in the Basic Lease Information for the Tenant Allowance for the applicable Building (collectively, the “Tenant Allowance”), to be applied toward the cost of the following items in respect of the Tenant Improvements in the applicable Building: Architectural and engineering fees, space planning, building permits or other governmental fees, and the cost of labor, materials, contractors fees and overhead, and other charges included in the construction contract for construction of Tenant Improvements, including the contractor’s fee, overhead and general conditions, sales and use taxes, the cost of the builder’s risk insurance during construction and all testing and inspection costs. If Landlord elects to itself construct the Restroom Improvements, Landlord shall make payments to its contractor for the Restroom Improvements as and when such costs are incurred and deduct the amount of such payments from the Tenant Allowance for Building 2 up to the maximum amount stated in Paragraph I of this Work Letter. Landlord shall not be obligated to disburse any remaining portion of the Tenant Allowance attributable to a Building until such time as (i) the Commencement Date for the applicable Building has occurred and Tenant has accepted delivery of the Building and made the initial prepayment of Rent with respect to the applicable portion of the Premises; and (ii) Tenant has delivered to Landlord and Landlord has approved, in Landlord’s reasonable discretion, all of the following: (A) invoices, paid receipts and/or related evidence reasonably acceptable to Landlord establishing that Tenant has paid an amount equal to that portion of the Tenant Allowance requested by Tenant to third parties in connection with the Tenant Improvements in the applicable Building; (B) executed unconditional final mechanics’ lien releases, in statutory form, from Tenant’s contractor and all subcontractors, laborers, materialmen and suppliers used by Tenant with respect to all work in and to the Premises located in the applicable Building; (C) a certificate from Tenant’s architect or space planner, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the applicable Building has been substantially completed and meets all applicable building codes; (D) a copy of the certificate of occupancy (or similar governmental authorization) for the applicable Building; (E) “as-built” drawings for the Tenant Improvements in the applicable Building, signed by either Tenant’s architect, space planner or contractor, and electronic CAD files from Tenant’s Contractor and all subcontractors; and (F) a final punch list signed off by both Tenant and Landlord and/or their architects. Thereafter, Landlord shall deliver, within fifteen (15) days following Tenant’s delivery of the materials and information required for disbursement thereof in the preceding sentence, a check payable to Tenant in the amount of that portion of the Tenant Allowance requested by Tenant and paid to third parties in connection with the Tenant Improvements for the applicable Building (which amount shall not exceed the portion of the Tenant Allowance provided for such Building as specified in the Basic Lease Information). Landlord’s payment of any portion of the Tenant Allowance shall not be deemed Landlord’s approval any of the Tenant Improvements absent Landlord’s prior approval pursuant to this Work Letter. Landlord’s obligation to disburse the Tenant Allowance for each Building under this Paragraph 9(b) shall expire six (6) months after the Delivery Date for the applicable Building, subject to extension due to Force Majeure, such that Landlord shall not be obligated to provide to Tenant any undisbursed portion of the Tenant Allowance for a Building unless Tenant has delivered to Landlord all documents required above within nine (9) months after the Delivery Date of such Building.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!