Section 4(b). Any S.A.W. member promoted to a higher position or classification within the bargaining unit shall be placed at a step level which has a salary immediately higher than his/her current salary plus one additional step in the new position unless the Board, upon recommendation of the Superintendent so determines that a higher step is warranted due to circumstances of consideration. All such exceptions will be forwarded to S.A.W. for informational purposes only and shall not be subject to the grievance procedure.
Section 4(b). In connection with Sections 1-3 above, should a situation arise not covered, a committee from the WTA, appointed by its President, will meet with the Superintendent of Schools or his/her designee from central office to resolve said situation. The solution shall then be reduced to writing and made an addition to this Section and will be used as a guide to decide the outcome of similar situations should they arise. If the committee from the WTA and the Superintendent or his/her designee from central office cannot resolve the matter, the WTA will meet with the Finance Committee of the Board to resolve said situation.
Section 4(b). The second sentence of Section 4(b) of the Employment Agreement is hereby deleted and replaced in its entirety with the following: “It is expected that the target date-of-grant value of the Employee’s annual long-term incentive awards will be 200% of his Base Salary (“Target LTIP”) granted in the following allocations: 40% of the award as a time-vesting award, vesting ratably over three years (one-third per year from the date of grant), and 60% of the award as a performance-vesting award, vesting over a three-year performance period.”
Section 4(b). (i) of the Forbearance Agreement is hereby deleted in its entirety and replaced with the following:
Section 4(b). Conditions Precedent to Obligations of the relevant Initial Borrower, each Lender, the Facility Agent, the Security Trustee and Ex-Im Bank on the Borrowing Date for an Aircraft........................................................... 7
Section 4(b). Section 4(b) of the Existing Agreement is amended and restated to read in its entirety as follows:
Section 4(b). Section 4(b) of the Agreement is hereby replaced in its entirety with the following:
Section 4(b). As of the Effective Date, Section 4(b) of the Agreement is amended to read as follows:
Section 4(b). Conditions Precedent to the Showboat Merger Effective Date and the incurrence of Loans on such date.........................28
Section 4(b). Section 4(b) of the Stock Warrant is hereby amended and restated by replacing such Section in its entirety with the following: “(b) the closing of a Qualified IPO, or”
