Scope of the Plan. To provide monies for approved plans for study, research, upgrading or retraining, or other worthy plans which in the opinion of the Sabbatical Leave Plan Selection Committee would benefit both the teacher and the school system.
Scope of the Plan. To provide monies for approved plans for study, research, upgrading or retraining, or other worthy plans which in the opinion of the Sabbatical Leave Plan Selection Committee would benefit both the teacher and the school system. Each year a Sabbatical Leave Plan Selection Committee will be established in September to consider, select and approve Sabbatical Leave Plans. The approval of a plan is to be subject to the securing of a suitable replacement teacher. If an application is rejected, then the reason(s) for rejection will be given to the applicant, but the decision of the committee shall be final and without appeal. The Selection Committee shall be comprised of the following: 2 trustees 2 teachers appointed by the Branch Affiliate 1 principal named by the Director 1 senior administrator named by the Director who will act as chairperson and secretary of the committee
Scope of the Plan. 3.1 Subject to the terms of Section 3.3 hereof, the total number of shares of Stock reserved and available for grant and issuance pursuant to this Plan will be 750,000, all of which can be Incentive Options. In addition, if shares of Stock are subject to an Award that terminates without such shares of Stock being issued, then such shares of Stock will again be available for grant and issuance under this Plan. Should any Option expire or be canceled prior to its exercise in full or should the number of shares of Stock to be delivered upon the exercise in full of an Option be reduced for any reason, the shares of Stock theretofore subject to such Option may be subject to future Options under the Plan, except where such reissuance is inconsistent with the provisions of Section 162(m) of the Code.
3.2 The Company will, at all times, reserve and keep available the number of shares of Stock necessary to satisfy the requirements of all Awards then outstanding under this Plan. The shares of Stock subject to the Plan shall consist of unissued shares, treasury shares or previously issued shares held by any Subsidiary of the Company, and such amount of shares of Stock shall be and is hereby reserved for such purpose. Any of such shares of Stock that may remain unsold and that are not subject to outstanding Options at the termination of the Plan shall cease to be reserved for the purposes of the Plan, but until termination of the Plan the Company shall at all times reserve a sufficient number of shares of Stock to meet the requirements of the Plan.
3.3 In the event of any merger, reorganization, consolidation, recapitalization, stock dividend, or other change in corporate structure affecting the Stock, the Committee shall make an appropriate and equitable adjustment in the number and kind of shares reserved for issuance under the Plan and in the number and option price of shares subject to outstanding Options granted under the Plan, to the end that after such event each Optionee’s proportionate interest shall be maintained as immediately before the occurrence of such event. The adjustments described above will be made only to the extent consistent with continued qualification of the Option under Section 422 of the Code (in the case of an Incentive Option) and Section 409A of the Code (in the case of grantees potentially subject to Section 409A of the Code).
Scope of the Plan. DHC will provide provisioning spare parts support at Buyer's main base of operation and one line station based upon the following assumptions and comprising the following inclusions and/or exclusions:
2.1 ASSUMPTIONS - 25 Dash 8 Series 200 aircraft. - Aircraft delivered at a rate of 2 per month. - Minimum Annual Utilization will be 2700 Flight Hours per year. - Main Maintenance Base located at Grand Junction, Colorado, or such other location in the United States as may be mutually agreed between DHC and Buyer. - Line Station located at Denver, Colorado.
2.2 THE PROGRAM INCLUDES THE FOLLOWING COVERAGE: [CONFIDENTIAL PORTION DELETED] the Program spare parts inventory. [CONFIDENTIAL PORTION DELETED].
2.3 THE PROGRAM DOES NOT PROVIDE COVERAGE OF THE FOLLOWING: - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - [CONFIDENTIAL PORTION DELETED] - Damages to the Program spare parts from foreign object damage, fuel, oil and/or hydraulic system contamination, severe or unpredictable weather conditions, Acts of God or any other similar causes, which are beyond the reasonable control of and without fault or negligence of the Buyer while the spare parts are under the care, custody and control of Buyer. - Any damages to Program spare parts as a result of any Abuse by the Buyer or any third party, while such spare parts are under the care, custody and control of Buyer. - Any costs incurred for any Program spare parts returned by the Buyer to DHC that is subsequently determined to be [CONFIDENTIAL PORTION DELETED].
2.4 DISPOSITION OF REMOVED PARTS [CONFIDENTIAL PORTION DELETED].
Scope of the Plan
