Probation and Corrective Action Sample Clauses

Probation and Corrective Action. A. If DC PCSB proposes to revoke the Charter pursuant to § 38-1802.13(a) of the Act, DC PCSB may, as an alternative to charter revocation, place the School or any of the School’s campuses on probation and require the School Corporation, in consultation with DC PCSB, to develop and implement a written corrective action plan (“Corrective Plan”). The Corrective Plan shall include the reasons that the Charter is subject to revocation under § 38- 1802.13(a), the terms and conditions of probation, and the results the School shall achieve to avoid charter revocation. Although DC PCSB may elect to enter into a Corrective Plan with the School Corporation as an alternative to charter revocation, nothing herein shall require DC PCSB to place the School or any of its campuses on probation or develop a Corrective Plan.
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Probation and Corrective Action. A. If PCSB proposes to revoke the Charter pursuant to §38-1802.13(a) of the Act, PCSB may, as an alternative to charter revocation, place the Campus or Campuses where circumstances or occurrences permit revocation on probation and require the School Corporation, in consultation with PCSB, to develop and implement a written corrective action plan in relation to such Campus (“Corrective Plan”). The Corrective Plan shall include the reasons that the Charter is subject to revocation under § 38-1802.13(a), the terms and conditions of probation and the results the Campus shall achieve to avoid charter revocation. Although PCSB may elect to enter into a Corrective Plan with the School Corporation as an alternative to charter revocation, nothing herein shall require PCSB to place the School or any of its Campuses on probation or develop a Corrective Plan.
Sample 1Sample 2
Probation and Corrective Action. A. If PCSB proposes to revoke the Authorization of DCI pursuant to §38-1802.13(a) of the Act, PCSB may, as an alternative to revocation of the Authorization, place DCI on probation and require DCI, in consultation with PCSB, to develop and implement a written corrective action plan (“Corrective Plan”). The Corrective Plan shall include the reasons for the proposed revocation of Authorization of DCI under §38-1802.13(a), the terms and conditions of probation and the results DCI shall achieve to avoid revocation. Although PCSB may elect to enter into a Corrective Plan with DCI as an alternative to revocation, nothing herein shall require PCSB to place DCI or any of its Campuses on probation or develop a Corrective Plan.
Sample 1

Related to Probation and Corrective Action

  • Corrective Action Despite its right to terminate this Agreement pursuant to this Article, the LHIN may choose not to terminate this Agreement and may take whatever corrective action it considers necessary and appropriate, including suspending Funding for such period as the LHIN determines, to ensure the successful completion of the Services in accordance with the terms of this Agreement.

  • Corrective Action Plan Within fifteen (15) Business Days following the establishment of the Joint Remediation Committee, the Purchasers, in consultation with the Sellers, shall prepare and submit to the Joint Remediation Committee an initial draft of the Corrective Action Plan. The parties shall work in good faith through the Joint Remediation Committee to finalize the Corrective Action Plan within fifteen (15) Business Days of the Purchasers’ submission of the initial draft of the Correct Action Plan. At the end of such period, if the Sellers reasonably determine that the Corrective Action Plan proposed by the Purchasers (as may be modified over the course of such period) would not reasonably be expected to satisfactorily address the Major Default, then the Sellers may escalate the issue to the Head of Commercial Capital (or equivalent leader of any successor business unit) of the Seller Group and the Chief Executive Officer of the Bank Assets Purchaser (the “Senior Executives”) and the Senior Executives shall work collaboratively (including with the Joint Remediation Committee) to develop a mutually agreeable Corrective Action Plan within fifteen (15) Business Days.

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