Section 12A. 02. Liability for Taxes; Preparation of Returns................................................... 95 Section 12A.03. Tax Sharing Agreements......................................... 97 Section 12A.04.
Section 12A. Failure to comply with any requirement contained in this Agreement may result in the SCHOOL giving written notice to BUSCO of noncompliance. The notice will describe the date, time and place of the incident of noncompliance and identify the parties involved. In the event the BUSCO does not correct noncompliance within twenty-four
Section 12A. Failure to comply with any requirement contained in this Agreement may result in the SCHOOL giving written notice to BUSCO of noncompliance. The notice will describe the date, time and place of the incident of noncompliance and identify the parties involved. In the event the BUSCO does not correct noncompliance within twenty four (24) hours from the receipt of the written notice, SCHOOL may terminate this Agreement by delivering to BUSCO written notice of termination, which shall be effective upon receipt. Section 12b: Except as otherwise permitted under this Agreement, if BUSCO shall at any time fail to furnish at least ninety (90) percent of the fully equipped and operating buses required to provide the transportation services required herein for a period of twenty four (24) hours, then, at the option of the SCHOOL this Agreement may be terminated by SCHOOL delivering to BUSCO written notice of exercise such option to terminate. Failure to exercise this right of termination by SCHOOL shall not be construed as a waiver of any default and shall not preclude SCHOOL’s subsequent right to terminate this Agreement. If this Agreement is terminated in accordance with the forgoing provisions, all rights of BUSCO shall immediately terminate.
Section 12A. The Board shall pay no more of the annual costs or illustrative rate and any payments for reimbursement of co-pays, deductibles, or payments into health savings accounts, flexible spending accounts or similar accounts used for health care costs, than a total amount equal to $5,500.00 times the number of employees with single person coverage, $11,000.00 times the number of employees with individual and spouse coverage, plus $15,000.00 times the number of employees with family coverage, for a medical benefit plan coverage.
Section 12A. Compliance with Regulation AB............................... 36
Section 12A. The last sentence of Section 12(a) of the Employment Agreement is hereby amended to read, in its entirety, as follows: “For purposes of this Section 12, termination of employment Without Cause shall include without limitation any Demotion or any termination by Executive due to a Demotion or Company Default, and for purposes of this Section 12 (and only for purposes of this Section 12) termination of employment Without Cause shall also include any termination of employment that would constitute a “Covered Termination” under any of the Severance Benefits Agreements.”
Section 12A. Section 12(a) of the Pledge Agreement is hereby amended and restated as follows:
Section 12A. The following Section 12A is hereby added to the Employment Agreement immediately after Section 12 thereof:
Section 12A. 06 Limitation; Sole Remedy................................................47
Section 12A. 07 Indemnification of Shareholders' Representative; Successor Shareholders' Representative...........................................47 Section 12A.08
