Procedure for Appraisal Sample Clauses
The Procedure for Appraisal clause outlines the steps parties must follow to determine the value of property, damages, or losses when there is a dispute or uncertainty. Typically, this clause specifies how appraisers are selected, the timeline for conducting the appraisal, and the process for resolving disagreements between appraisers, such as appointing an umpire. Its core function is to provide a clear, structured method for resolving valuation disputes without resorting to litigation, thereby ensuring fairness and efficiency in settling disagreements.
Procedure for Appraisal. The following procedures shall be employed in appraising staff members. Appraisal is initially the building administrator’s responsibility. Observation / evaluation times and dates will be mutually agreed upon by both parties involved.
1. All monitoring or observation of the work performance of a teacher shall be conducted openly with full knowledge of the teacher. Administrators may visit classrooms on an informal basis.
2. All observations/evaluations of a teacher must be directly related to the negotiated job description and academic content standards.
3. No teacher shall be evaluated on his/her classroom performance except after fair and reasonable observation of the classroom work of the teacher and discussions in pre and post conferences.
4. There shall be two (2) formal observations for each formal evaluation. The formal observation for each evaluation shall be preceded by a conference or pre-observation questionnaire between the administrator and the teacher in order for the teacher to explain his/her plans and objectives for that class that day. Teachers will complete the post- observation form prior to the post-observation conference which will be held within ten (10) work days of the observation. The second formal observation will take place at least ten (10) work days after the first observation.
5. The administrator shall provide written or verbal feedback for the teacher for any observation or informal visit that is to be included in the formal evaluation of the teacher.
6. The administrator shall complete a written class observation report for each (formal) observation.
7. The final post-observation conference shall be held within ten (10) work days of the observation at which time the teacher will receive signed copies of the observation forms / evaluation form.
8. The evaluation form as set forth in Appendix B of this contract shall be the form used to evaluate teachers. The observation forms / evaluation form used during the observation phase of a teacher appraisal shall be included in the personnel file.
Procedure for Appraisal. The appraiser may:
(a) conduct any investigation which he or she considers necessary to resolve the dispute or difference;
(b) examine such documents, and in the presence of representatives of both parties, interview such persons as he or she may require; and
(c) without limitation, make such directions for the conduct of the appraisal as he or she considers necessary.
Procedure for Appraisal. For purposes of this agreement, whenever it is necessary to compute the Appraised Value of shares of Voting Common Stock, the Appraised Value shall be determined by an appraiser selected by a majority of the non-selling Shareholders. The value contained in the written report of the appraiser shall constitute the Appraised Value of the shares of Voting Common Stock.
Procedure for Appraisal. For purposes of this Agreement, whenever it is necessary to compute the appraised value of Shares, the appraised value of the Shares shall be determined as follows: If the selling Stockholder (or, if applicable, his executors or administrators or personal or legal representatives) and the Company (and/or, if applicable, the purchasing Stockholders) are able to reach mutual agreement as to appraised value, the agreed appraised value shall govern. If mutual agreement cannot be reached, the selling Stockholder (or, if applicable, his executors or administrators or personal or legal representatives) shall promptly but no later than thirty (30) calendar days after any event triggering a purchase of shares of Stock pursuant to this Agreement and the Company (and/or, if applicable, the purchasing Stockholder) shall promptly but no later than thirty (30) calendar days after any event triggering a purchase of shares of Stock pursuant to this Agreement each will appoint an appraiser to find an appraised value for the selling Stockholder's shares of Stock as of the date specified in the appropriate provision of this Agreement. Any party hereto appointing an appraiser shall furnish the other parties hereto with written notice of the name, address, and telephone number of the appraiser. The failure of any party entitled to appoint an appraiser to make an appointment within the thirty (30) calendar day period shall constitute a waiver of the party's right to appoint in appraiser, and the determination of the other party's appraiser shall be deemed to be the "appraised value" for the shares of Stock, notwithstanding any other provision of this Article X. If the two (2) appraisers agree upon the value of the shares of Stock, they shall jointly render a single written report of their opinion thereon. If the two (2) appraisers cannot agree upon the value of the shares of Stock, they shall each render a separate written report within sixty (60) calendar days after their respective appointment and appoint a third appraiser, who shall appraise the shares of Stock and shall render a written report of its opinion thereon. If the two appraisers cannot, within the thirty (30) calendar day period, agree on the appointment of a third appraiser, the accountant for the Company and accountant for the selling Stockholder shall confer upon and appoint the third appraiser. The agreed value or the value contained in the joint written report or written report of the third appraiser, as the ...