Rejection of Offer. An employee on layoff status who rejects an offer of reemployment forfeits seniority and all other accrued benefits; provided, that such employee is offered a position substantially equal to that held prior to layoff. If an employee on the Re-employment List due to a reduction of time rejects an offer of restoration of time they forfeit their right to remain on the Re-employment List.
Rejection of Offer. The TDHE offers units based on its selection preferences and the preferences of the Applicant (i.e., location, size of the unit, etc.). The Applicant may reject the offer of the TDHE, but after three (3) rejections, the Applicant will be placed at the bottom of the waiting list. Preference rank will still be exercised.
Rejection of Offer. In the event the Company shall fail to deliver a Notice of Acceptance to Buyer prior to expiration of the Acceptance Period, the Buyer may proceed to sell the Units to the proposed purchaser in accordance with the terms of the Notice of Offer; provided, however, that in the event that such transaction is not closed within thirty (30) days following expiration of the Acceptance Period, such transaction shall again become subject to the terms and provisions of this Section 9.
Rejection of Offer. It is understood and agreed by the Buyer that at any time prior to the issuance of a Final Acceptance of this Offer, the CITY may (1) reject any and all offers (including this Offer) and/or upset bids received, and/or (2) withdraw the Property from sale, as allowed by North Carolina General Statute § 160A-269. EXECUTION OF THIS OFFER: The Buyer represents and warrants that this Offer has been duly authorized, and that the person signing has the authority to sign this Offer on behalf of the Buyer.
Rejection of Offer. If the Non-Offering Party shall elect not to accept the offer set forth in the ROFO Notice or as provided in the last sentence of Section 13.2, the Offering Party shall be permitted to sell the Offered Interests, and the Non-Offering Party’s Membership Interests if the Non-Offering Party has elected to exercise its Tag-Along Right, to a non-Affiliated third party at any time within the 270 day period following the date of the ROFO Notice, or if permitted pursuant to Section 13.2, the expiration of the 90 day period provided for in Section 13.2, for a purchase price not less than the Offered Price, as increased to reflect the ownership percentage of the Non-Offering Party if the Tag-Along Rights have been exercised. If the Non-Offering Party has not elected to exercise its Tag-Along Right, the Offering Party shall have the right, but not the obligation, to cause the Non-Offering Party to sell its Membership Interest to a non-Affiliated third party on the same terms and conditions, other than price adjustment to reflect actual ownership percentages, as the Offering Party (the “Drag-Along Right”); provided that if the Drag-Along Right is exercised the total amount received by the Non-Offering Party and its Affiliates in connection with the transactions contemplated by this Article 13 and Article 13 of all Other JV Agreements for which Other JV Drag-Along Rights have been exercised by the same Offering Party or its Affiliate shall equal, in the aggregate, an amount not less than the Drag-Along Threshold Amount.
Rejection of Offer. In the event AOL rejects the Offer, it shall ------------------ communicate such election to the Company by written notice. Immediately following such rejection (including a rejection for failure to accept the offer as specified in (b) and (c) above), and for a period of one-hundred eighty (180) days thereafter, the Company shall be free to offer and Transfer all of the Offered Shares, at a price equal to or greater than the Minimum Price and on other terms and conditions no less favorable than those contained in the Offer.
Rejection of Offer. If the Other Party rejects the Offer or fails to accept such Offer in accordance with Section 6(b) hereof, then such Offer shall be deemed rejected by the Other Party. Following the rejection of any Offer, the Initiating Party shall have the right to acquire or develop such Vacation Resort except as set forth in this Section 6 or Sections 4(a) or 4(b) hereof. Following any such rejection, if the Initiating Party proceeds to acquire or develop such Vacation Resort to the extent permitted under this Section 6, the Electing party shall have no further obligations to the Other Party with respect to such Vacation Resort (other than confidentiality obligations), and the Other Party shall have no rights under this Agreement to participate in the operation or management thereof or to receive any distributions, profits or losses therefrom.
(i) If Vistana is the Initiating Party and an Offer is rejected, or deemed to have been rejected, by PHI, Vistana in its sole discretion may, at any time within one (1) year following such rejection, initiate development of the Vacation Resort in any manner not otherwise expressly prohibited by Section 4(b) hereof or, subject to reasonable and customary approval by the PHI franchise committee, operate the development as a PHI Brand Name Vacation Resort pursuant to a franchise agreement (a "Non- Venture Franchise Agreement") in the form to be agreed to by the parties on or before the Approval Date with PHI and for the fees set forth in Section 5(d) hereof. If Vistana requests that PHI provide management services for such a Vacation Resort and PHI agrees to provide such management services, PHI shall enter into a management agreement with Vistana or an Affiliate of Vistana (a "Non-Venture Management Agreement") substantially in the form to be agreed to by the parties on or before the Approval Date. The parties acknowledge that the compensation to be paid to PHI under a Non-Venture Management Agreement shall be the same as the compensation payable to PHI as set forth in Section 5(f) hereof except that PHI shall be entitled to seventy percent (70%) of the fees described in Section 5(f)(ii).
(ii) If PHI is the Initiating Party and an Offer is rejected, or deemed to have been rejected, by Vistana, PHI in its sole discretion may, at any time within one (1) year following such rejection, initiate development of the Vacation Resort in any manner not otherwise expressly prohibited by Section 4(a) hereof. If the Offer relates to a Selected ...
Rejection of Offer. The TDHE offers units based on first come first serve basis. The Applicant may reject the offer of the TDHE, but the Applicant will be placed at the bottom of the Transitional Housing Program waiting list. Preference rank will still be exercised.
Rejection of Offer. Upon two (2) rejections of offers of re-employment that would make an employee whole, the employee’s name shall be removed from the 39-month reemployment list. A rejection of an offer of re- employment for either medical reasons or of re-employment in a position of fewer hours or a lower classification than held at the time of layoff shall not constitute a rejection. An employment offer to work site, which is over twenty- five (25) miles away from the original site, from which the employee was laid off, shall not constitute one of the two required offers, if the employee refuses.
Rejection of Offer. If Non-Selling Member delivers or is deemed to have delivered a Rejection Notice to Selling Party, then Selling Party shall have the right to sell its Membership Interest to any other Person (the “Third-Party Purchaser”), subject to the restrictions and conditions set forth in this Article 7, provided that (1) such sale is for no less than ninety-five percent (95%) of the Offer Price and (2) the sale to the Third-Party Purchaser is consummated or in contract within nine (9) months of the delivery or deemed delivery of the Rejection Notice. If Selling Party fails to make a sale to or contract with the Third-Party Purchaser that satisfies the conditions in clauses (1) and (2), then Selling Party shall not have the authority to consummate a sale to a Third-Party Purchaser without first delivering a new Sale Notice to Non-Selling Member.
