RESTORATION RIGHTS Sample Clauses

RESTORATION RIGHTS. An employee who has complied with Section 1(a)(3) of this Article but whose mandatory reemployment rights have expired at the end of the two (2) year period following the effective date of layoff shall be eligible for restoration rights as defined in the “Definitions” section of this Agreement. Restoration rights shall expire after one (1) year. Employees whose mandatory reemployment rights terminate under Section 4 shall not be eligible for restoration rights.
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RESTORATION RIGHTS. An employee who has complied with Section 1,a,3 of this Article but whose mandatory reemployment rights have expired at the end of the two (2) year period following the effective date of layoff shall be eligible for restoration rights. Employees whose mandatory reemployment rights terminate under Section 4 shall not be eligible for restoration rights. Restoration shall mean the hiring within two years of a former permanent status or limited status employee who was laid off and whose performance at the time of separation was at least satisfactory. Restoration rights apply only to the same position previously held by the employee or a lower grade position for which the employee meets the minimum education and experience requirements.
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RESTORATION RIGHTS. Restoration rights for employees whose limited contracts were suspended shall commence upon the effective date of the suspension and shall continue through the next two (2) full school years. For employees with continuing contracts, restoration rights shall continue until the employee is returned to a teaching position. During the restoration period, an employee shall be eligible to have his/her insurance coverage continued (when and to the extent allowed by the insurance plan), provided the employee pays the premium. An employee may be removed from the recall list if he/she:
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RESTORATION RIGHTS a. Any defined contribution plan proposed to be provided by United to its employees following termination of the Pension Plans shall be subject to PBGC's consent, such consent not to be unreasonably withheld. To the extent the Parties dispute the reasonableness of PBGC's withholding of its consent, United (and not any other party) shall have the right to request the judicial determination of the reasonableness of such withheld consent in the Chicago federal court as requested by the PBGC (United not to challenge such selection). Such court shall have exclusive jurisdiction to make such a determination. The Parties further agree that such determination shall be final, and both Parties waive their right to appeal or seek reconsideration, modification, or vacatur of such determination by such court.
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RESTORATION RIGHTS. 14.2.1 Restoration rights are not intended to extend the Education Code provision regarding rehire after a layoff for lack of work or lack of funds. Reinstatement or reemployment under this provision is at the sole discretion of the Governing Board.
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RESTORATION RIGHTS. An em ployee who has complied w ith S ection 1(a)(3) of t his Article but w hose m andatory reemployment rights have expired at the end of the two ( 2) year period following the effective date of layoff shall be el igible f or r estoration r ights as defined in t he “ Definitions” se ction of t his Agreement. Restoration r ights shall ex pire af ter one ( 1) y ear. E mployees whose mandatory reemployment r ights terminate under Section 4 shall not be eligible for restoration rights.
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RESTORATION RIGHTS. In the event that a bargaining unit member accepts an interim appointment within the Salem Public Schools to a position outside the bargaining unit (e.g. Interim Principal), they will retain the right to be restored to their bargaining unit position, provided they return on or before the one-year anniversary of their interim appointment. A person who is serving as Acting Principal, Acting Director (in any Director position that is not currently in the SAA), or Acting Executive Director will do so until the School Committee has been able to fill the position with another qualified individual, and the person serving as such Acting Principal, Acting Director, or Acting Executive Director will retain indefinitely his/her right to be restored to their bargaining position when the School Committee fills the position in question with a permanent appointment or at the time of the person’s retirement from the District. APPENDIX A: SALARY SCHEDULE APPENDIX B: RULES AND APPLICATION FOR SICK BANK Rules and Regulations of Salem Administrators Sick Leave Bank The Sick Leave Bank for the members of the bargaining unit of employees represented by the Salem Administrators Association shall be governed by the following rules and regulations:
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RESTORATION RIGHTS. 14.2.1 Restoration rights are not intended to extend the Education Code provision regarding rehire after a layoff for lack of work or lack of funds. Reinstatement or reemployment under this provision is at the sole discretion of the Governing Board. 14.2.2 A permanent classified employee who voluntarily resigns or has been laid off due to lack of work or lack of funds from his/her permanent classified position, if reinstated or reemployed by the Governing Board as a permanent employee prior to thirty nine (39) months after his/her last day of paid service, will receive the benefits set forth in this Section. 14.2.3 A former permanent employee who resigned in good standing or has been laid off due to lack of work or lack of funds shall have their accumulated sick leave balance and their seniority and longevity credit at the time of resignation, restored to them upon the completion of five (5) consecutive years of service after their return to duty. 14.2.4 For the purpose of calculating vacation eligibility the restored employee shall receive credit for their years of service completed prior to their resignation or lay off due to lack of work or lack of funds. Eligibility for this credit shall be allowed after five (5) consecutive years of service after their return to duty.
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Related to RESTORATION RIGHTS

  • Termination Rights This Agreement may be terminated at any time prior to the Closing:

  • Collection Rights Pledgee shall have the right at any time, if an Event of Default shall have occurred and be continuing, to notify any or all obligors (including any and all Subsidiaries) under any accounts or general intangibles included among the Collateral of the assignment thereof to Pledgee and to direct such obligors to make payment of all amounts due or to become due to Pledgor thereunder directly to Pledgee and, upon such notification and at the expense of Pledgor and to the extent permitted by law, to enforce collection thereof and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as Pledgor could have done. After Pledgor receives notice that Pledgee has given any notice referred to above in this subsection, (i) all amounts and proceeds (including instruments and writings) received by Pledgor in respect of such accounts or general intangibles shall be received in trust for the benefit of Pledgee hereunder, shall be segregated from other funds of Pledgor and shall be forthwith paid over to Pledgee in the same form as so received (with any necessary endorsement) to be held as cash collateral and (A) released to Pledgor upon the remedy of all Events of Default, or (B) if any Event of Default shall have occurred and be continuing, applied as specified in Section 4.3 hereof; and (ii) Pledgor will not adjust, settle or compromise the amount or payment of any such account or general intangible or release wholly or partly any account debtor or obligor thereof or allow any credit or discount thereon.

  • Liquidation Rights (A) Subject to Section 5.11(c)(iii)(B), upon the occurrence of any Liquidation Event, Series A Preferred Unitholders (to the extent their Series A Preferred Units have not been converted to Common Units in accordance with Section 5.11(c)(vii) prior to the occurrence of such Liquidation Event) shall be entitled to receive out of the assets of the Partnership or proceeds thereof legally available for distribution to the Partners, (i) after satisfaction of all liabilities, if any, to creditors of the Partnership, (ii) after all applicable distributions of such assets or proceeds being made to or set aside for the holders of any Series A Senior Securities then Outstanding in respect of such Liquidation Event, (iii) concurrently with any applicable distributions of such assets or proceeds being made to or set aside for holders of any Series A Parity Interests then Outstanding in respect of such Liquidation Event and (iv) before any distribution of such assets or proceeds is made to or set aside for the holders of Common Units and any other classes or series of Series A Junior Securities as to such distribution, a liquidating distribution or payment in full redemption of such Series A Preferred Units, in an amount equal to the Series A Liquidation Preference. For purposes of clarity, upon the occurrence of any Liquidation Event, (x) the holders of then Outstanding Series A Senior Securities shall be entitled to receive the applicable Liquidation Preference on such Series A Senior Securities before any distribution shall be made with respect to the Series A Preferred Units or any Series A Parity Securities and (y) the Series A Preferred Unitholders shall be entitled to the Series A Liquidation Preference per Series A Preferred Unit in cash, concurrently with any distribution made to the holders of any Series A Parity Securities and before any distribution shall be made to the holders of Common Units or any other Series A Junior Securities. Series A Preferred Holders shall not be entitled to any other amounts from the Partnership, in their capacity as Series A Preferred Holders, after they have received the Series A Liquidation Preference. The payment of the Series A Liquidation Preference in full shall be a payment in redemption of the Series A Preferred Units, such that, from and after payment of the full Series A Liquidation Preference, any such Series A Preferred Unit shall thereafter be cancelled and no longer be Outstanding.

  • Termination Right The Representative shall have the right to terminate this Agreement at any time prior to any Closing Date, (i) if any domestic or international event or act or occurrence has materially disrupted, or in its opinion will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on any Trading Market shall have been suspended or materially limited, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an increase in major hostilities, or (iv) if a banking moratorium has been declared by a New York State or federal authority, or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities markets, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not such loss shall have been insured, will, in the Representative’s opinion, make it inadvisable to proceed with the delivery of the Securities, or (vii) if the Company is in material breach of any of its representations, warranties or covenants hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the conditions or prospects of the Company, or such adverse material change in general market conditions as in the Representative’s judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Securities or to enforce contracts made by the Underwriters for the sale of the Securities.

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