Rights of the Corporation. The Union acknowledges that it is the exclusive function of the Corporation subject to the provisions of the Collective Agreement:
(a) To maintain order, discipline, and efficiency and to establish and from time to time alter rules and regulations to be observed by employees after reasonable notice of such alterations in the rules and regulations has been given to the Union Committee; to decide on the number of employees needed by the Corporation at any time; and to decide to use improved or changed methods and equipment.
(b) To hire, transfer, promote, demote, lay-off, recall, assign duties, and to suspend, discipline, or discharge any employee for just cause, provided that a claim that an employee has been unjustly discharged or disciplined may be the subject of a grievance and dealt with under the Grievance Procedure of this Agreement.
Rights of the Corporation. If Borrower is in default of his payment ----------------------------- obligations under the Promissory Note and such default is not cured within a period of ten (10) days thereafter, or if Borrower shall become insolvent or a voluntary or uncontroverted involuntary petition shall be filed under the Federal Bankruptcy Code or other similar Federal or state law dealing with arrangements for the relief of creditors with respect to Borrower (in each case, an "Event of Default"), Borrower shall not longer be entitled to receive any cash dividends or distributions in respect of the Pledged Stock or to exercise any voting rights, rights of conversion, exchange or subscription or any other rights, privileges or options pertaining to any shares of the Pledged Stock; and, upon the sale or other disposition of the Corporation's interest in the Pledged Stock or any part thereof, any third party purchaser or other transferee shall have the full and unrestricted right to exercise any and all such rights, privileges or options.
Rights of the Corporation. The Corporation shall not be required to (i) transfer on its books any Shares that have been sold or transferred in contravention of this Agreement or (ii) treat as the owner of Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee to whom Shares have been transferred in contravention of this Agreement.
Rights of the Corporation. The Union acknowledges that it is the exclusive function of the Corporation:
(a) to maintain order, discipline, and efficiency, and to establish, and from time to time alter, rules and regulations to be of such alterations in the rules and regulations observed by employees after reasonable notice has been given to the Union Committee; to decide on the number of employees needed by the Corporation at any time; and to decide the use of improved or changed methods and equipment.
(b) to hire, transfer, promote, demote, lay-off, recall, assign duties, and suspend, discipline or discharge any employee for cause. Where the above rights are exercised in a manner which is inconsistent with the terms of this Agreement, they may be the subject of a grievance and dealt with under Articles X and XI of the Grievance and Arbitration Procedure.
Rights of the Corporation. The Union acknowledges that it is the exclusive function of the Corporation subject to the provisions of the Collective Agreement:
(a) To hire, layoff, promote, demote, assign duties, recall, and to suspend, discipline or discharge any employee for just cause, provided that a claim that an employee has been unjustly discharged or disciplined may be made the subject of a grievance and dealt with under the grievance procedure of this Agreement.
(b) Generally to manage and operate the Corporation in all aspects in accordance with its obligations and, without restricting the generality of the foregoing, to determine the kinds and locations of machines, equipment to be used, and allocations and number of employees required from time to time, the standards of performance for all employees and all other matters concerning the Corporation’s operations.
(c) To operate and manage its affairs in all respects in accordance with its obligations and to make and alter from time to time reasonable rules and regulations which shall not be inconsistent with the provisions of this agreement. Whenever possible the Union Committee shall be consulted with concerning any changes as outlined in this paragraph and such changes shall be posted on Bulletin Boards for five (5) days to give the employees time to acquaint themselves with these changes before they take effect.
Rights of the Corporation. The Union acknowledges that it is the exclusive function of the Corporation subject to the provisions of the Collective Agreement:
Rights of the Corporation. The Union acknowledges that it is the exclusive function of the Corporation:
(a) to maintain order, discipline, and efficiency, and to establish, and from time to time alter rules and regulations, such alterations to be observed by employees after reasonable notice has been given to the Union representative; to decide on the number of employees needed by the Corporation at any time; and to decide the use of improved or changed methods and equipment.
(b) to hire, transfer, promote, demote, layoff, recall, assign duties, and suspend, discipline or discharge any employee for cause, it being understood that a lesser standard applies in the case of probationary employees. Where the above rights are exercised in a manner which is inconsistent with the terms of this Agreement, they may be the subject of a grievance and dealt with under Articles X and XI of the Grievance and Arbitration Procedure.
Rights of the Corporation. The existence of outstanding options shall not affect in any way the right or power of the Corporation or its stockholders to make or authorize, without limitation, any or all adjustments, recapitalizations, reorganizations or other changes in the Corporation's capital structure or its business, or any merger or consolidation of the Corporation, or any issue of Common Stock, or any issue of bonds, debentures, preferred or prior preference stock or other capital stock ahead of or affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Corporation, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.
Rights of the Corporation. The Corporation retains the exclusive right to manage its operation in every respect except in so far as these rights may be expressly restricted by the terms of this agreement. The terms of any prior collective agreement between the parties will have no relevance in respect to the interpretation or application of the foregoing. Nothing in the above shall override the grievance procedure or restrict in any way the right to grieve.
Rights of the Corporation. If (i) any stockholder, other Owner or Proposed Transferee from whom information is requested should fail to respond to such request pursuant to Section (C)(2) of this Article 4 within the period of time (including any applicable extension thereof) determined by the Board of Directors, or (ii) whether or not any stockholder, other Owner or Proposed Transferee timely responds to any request for information pursuant to Section (C)(2) of this Article 4, the Board of Directors shall conclude that effecting, permitting or honoring any Transfer or the Ownership of any shares of Company Stock, by any such stockholder, other Owner or Proposed Transferee, could result in any Violation, or that it is in the interest of the Corporation to prevent or cure any such Violation or any situation which could result in any such Violation, or mitigate the effects of any such Violation or any situation that could result in any such Violation, then the Corporation may (A) refuse to permit any Transfer of shares of Company Stock that involves a Transfer of such shares to, or Ownership of such shares by, any Disqualified Person, (B) refuse to honor any such Transfer effected or purported to have been effected, and in such case any such Transfer shall be deemed to have been void ab initio, (C) suspend those rights of stock ownership the exercise of which could result in any Violation, (D) redeem such shares in accordance with Section (C)(4) of this Article 4, and/or (E) take all such other action as the Corporation may deem necessary or advisable in furtherance of the provisions of this Section (C) of Article 4, including, without limitation, exercising any and all appropriate remedies, at law or in equity, in any court of competent jurisdiction, against any Disqualified Person. Any such refusal of Transfer or suspension of rights pursuant to subclauses (A), (B) and (C) of this Section (C)(3) of Article 4 respectively, of the immediately preceding sentence shall remain in effect until the requested information has been received and the Board of Directors has determined that such Transfer, or the exercise of any such suspended rights, as the case may be, would not constitute a Violation.
