Section Term. The term of the Company commenced on the date the Certificate was filed with the office of the Secretary of State of the State of Delaware and shall continue in existence perpetually until termination in accordance with the provisions of Section 7.3(d) and the Act.
Section Term. The employment of Executive hereunder shall commence as of the date hereof and shall continue for a period of five years (the "Employment Term") from the date hereof. Following the Employment Term, this Agreement shall continue in force for successive one-year terms (each, a "Renewal Term") unless either the Company or the Executive provides not less than ninety days prior written notice to the other that this Agreement shall terminate at the end of the Employment Term. During any Renewal Term, either the Company or the Executive may terminate this Agreement effective at the end of a subsequent Renewal Term by giving the other party not less than ninety days prior written notice of such termination.
Section Term. The Company will provide a long term disability plan based on fifty percent (50%) of an employee’s lessoffsets, from of expiration of weekly indemnity coverage to age sixty-five (65). “Normal annual earnings” is defined as an employee’s regular straight time hourly rate multiplied by hours. The premium cost of the plan will be shared equally by the employee and the Company. Participation in the Plan is to be a condition of employment. The Company will provide safety glasses to all permanent employees who require corrective lenses. Safety glasses will be repaired or replaced by the Company as required. Effective April a vision care program will be implemented. The program will pay up to a maximum of one hundred, fifty dollars ($150.00) for each employee and each eligible dependent in any twenty-four (24) month period and once per twelve (12) months for eligible dependents fourteen (14) years of age or younger with a prescription change. EffectiveApril themaximumpayable will increase to one hundred, seventy-five ($175.00) (above). The premium cost of providing this benefit will be paid by the Company. Effective April the Company will implement a Pension Plan. The plan will encompass the following principles. Defined Benefit Pension Plan. One hundred percent (100%) Company funded. The plan will have a benefit of thirty-six dollars ($36.00) per month per year of service. The plan will have a joint administrative board and will be modeled after the existing Valley retirement plan. The Company shall notify the Shop Committee and the Union not less than three (3) months in advance of intent to institute material changes in working methods or facilities which would involvethe discharge or laying off of employees. Section Severance Pay Employees discharged, laid off or displaced from their regularjob becauseof mechanization,technologicalchange or automation shall be entitled to severance pay of one (1) week's pay for each year of service with the Company. The amount calculated under such entitlement shall not exceed a maximum of thirty (30) weeks' pay. This Section shall not apply to employees covered by Section below.
Section Term. The Partnership commenced upon the filing of the Certificate of Limited Partnership in accordance with the Delaware Act and shall continue in existence until the close of Partnership business on July 31, 2084, or until the earlier dissolution of the Partnership in accordance with the provisions of Article XIV.
Section Term. The obligations of the Company and the rights provided to the holders of Registrable Securities hereunder shall terminate at such time as all the Commitment Period has expired and any Registrable Securities theretofore issued have ceased to be Registrable Securities in accordance with the definition thereof contained in the Investment Agreement. Notwithstanding the foregoing, Section 1.1(c) and (d), Article III, Section 4.8, and Section 4.9, shall survive the termination of this Agreement.
Section Term. The period of existence of the Company (the “Term”) commenced on the Original Filing Date and shall end at such time as a certificate of cancellation is filed with the Secretary of State of the State of Delaware in accordance with Section 12.04.
Section Term. The term of the Charter shall commence on the Effective Date and end forty-five (45) days after completion of the seventh (7th) school year of the Charter School.
Section Term. This Agreement shall be in full force and effect from the first day of April, until the first day of December, and shall remain in full force and effect from year to year thereafter provided that either party may not less than ninety (90) days immediately preceding the thirty-first (31 day of December, or immediately preceding any succeeding thirty-first day of December thereafter by written notice to the other party: Require the other party to commence collective bargaining with a view to the conclusion of a renewal or revision of the Collective Agreement or a new Collective Agreement. Terminate the Agreement on the next succeeding anniversary date thereof, and require the other party to commence collective bargaining with the view aforesaid. Terminate the Agreement on the next succeeding anniversary date thereof. Should either party give written notice to the other party pursuant to sub-section (a) hereof, this Agreement shall thereafter continue in full force and effect until the Union shall give notice of strike, or the Company shall give notice of lockout, or the parties shall a renewal or revision of the Agreement or a new Collective Agreement. This Agreement shall be binding upon the parties hereto or their successors, administrators, executors and assigns. In the event an entire business or any part thereof is sold, leased, transferred or taken over by sale, transfer, lease, assignment, receivership or bankruptcy proceedings, such business or any part thereof, shall, without to the vending company, continue to be subject to the terms and conditions of this Agreement for the life thereof. this Section Rates of Pay Employees Hired Employees Hired Prior to I. After I.
Section Term. This Agreement shall become effective December and shall continue in effect until November and each year thereafter unless sixty (60) days written notice is given by either party prior to the expiration date. After one of the parties has served written notice, the parties shall set a date for the exchange of proposed changes and amendments to the Agreement.
