Special company agreement provisions Sample Clauses

Special company agreement provisions. 5.1. Definition
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Special company agreement provisions. In companies employing 10 persons or more, and where at least half of these agree, employ- ees may request that the collective wage agreement between the parties is adapted to the needs of the workplace in question. In the same manner, the employer may request negotiations for such adaptation. The requirement of half the employees does not apply if the employer agrees to such adaptation. Agreements according to this Section must be in writing and signed by the employer and a representative of the employees. When negotiations pursuant to the above have been decided, each party must inform VR/LÍV and FA of such negotiations. Either party may seek advice from the parties to the agreement. Adaptation agreements must clearly state the benefit to the company as well as the share of employees in such benefits. The employees’ share may take the form of a reduction in the number of working hours without a corresponding reduction of income, the payment of a fixed sum, a percentage supplement on their wages or some other form. The company agreement is prepared under peaceable means and may laps before termi- nation of employment. Either party may terminate the contract with three months’ notice based on the beginning of the month. In order for termination to be binding on the part of employees, the approval of the majority of employees must be obtained by secret ballot. The shop xxxxxxx, or union in the absence of a shop xxxxxxx in the company in question, shall appoint up to five persons to a negotiating committee for the employees, based on the size of the company. Company agreements allow deviations from collective wage agreements as regards the following issues: 1. Transferring a proportion of the overtime supplement to daytime work. 2. Lengthening the daytime work period. Under no circumstance, however, may daytime work begin before 07:00 and must end before 19:00. 3. Working hours may be arranged in such a manner that the number of daytime hours is variable over a specified period while ensuring that the average number does not exceed normal weekly daytime hours. 4. That overtime is not paid until a particular number of working hours has been achieved. 5. That overtime is paid at the close of a predetermined reference period. 6. That part of the annual holiday entitlement is used to reduce the level of activity or to close the company on certain days outside the normal holiday period. 7. To negotiate a workweek of 36 hours and 15 minutes (35 hours and 30 minute...
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Special company agreement provisions. In companies where 10 or more people work, and at least half of them are in favour, the employees may request that the provisions of the agreement between the parties be adapted to the needs of the workplace in question. In the same way, the employer may request negotiations on such an adaptation. The condition regarding at least half of the employees shall not apply if the employer approves such an adaptation. Agreements made under this Article shall be made in writing and shall be signed by the employer and representatives of the employees. When negotiations under the foregoing provision have been arranged, each of the parties shall notify VR and FÍS. Each of the parties may seek advice from the parties to this Agreement. An agreement on adaptation shall state clearly what the gain is to the company, and also the share of the employees in that gain. Consideration to the employees may take the form of a reduction in working hours, without a corresponding abridgement of wages, the payment of a fixed sum, a proportional supplement to wages, or another form. Company agreements are made under the obligation to pursue peaceable relations, and may cease to apply as a result of termination. Each party may terminate the agreement with 3 months’ notice, running from the change of month. In order for such termination to binding on the employees, it must have been approved by a majority of them in a secret ballot. The shop xxxxxxx, or the trade union if there is no shop xxxxxxx, shall appoint up to 5 persons, depending on the size of the company, to the negotiating committee on behalf of the employees. Under company agreements, the provisions of this Agreement may be adapted regarding the following matters: 1. Part of the overtime supplement may be incorporated in the basic rate for daytime work. 2. Lengthening of the daytime work period. However, daytime work may at no time begin before 07:00 and shall end not later than 19:00. 3. Organisation of working time such that the number of daytime working hours per week is variable over a specific period, with the average not exceeding the ordinary weekly total of daytime working hours. 4. To have no payment applying for overtime until a specific number of working hours has been reached. 5. To have payment for overtime work made at the end of a reference period which is to be decided in advance. 6. To have part of annual holiday used in order to reduce activity or close operations on specific days outside the traditional ...
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Related to Special company agreement provisions

  • Amendment of Limited Liability Company Agreement (a) Except as otherwise provided in this Section 8.1, this Agreement may be amended, in whole or in part, with: (i) the approval of the Board (including the vote of a majority of the Independent Directors, if required by the 0000 Xxx) without the Members approval; and (ii) if required by the 1940 Act, the approval of the Members by such vote as is required by the 0000 Xxx. (b) Any amendment that would: (i) increase the obligation of a Member to make any contribution to the capital of the Company; (ii) reduce the Capital Account of a Member other than in accordance with Article V; or (iii) modify the events causing the dissolution of the Company; may be made only if (i) the written consent of each Member adversely affected thereby is obtained prior to the effectiveness thereof or (ii) such amendment does not become effective until (A) each Member has received written notice of such amendment and (B) any Member objecting to such amendment has been afforded a reasonable opportunity (pursuant to such procedures as may be prescribed by the Board) to tender its entire Interest for repurchase by the Company. (c) The power of the Board to amend this Agreement at any time without the consent of the other Members as set forth in paragraph (a) of this Section 8.1 shall specifically include the power to: (i) restate this Agreement together with any amendments hereto that have been duly adopted in accordance herewith to incorporate such amendments in a single, integrated document; (ii) amend this Agreement (other than with respect to the matters set forth in Section 8.1(b) hereof) to effect compliance with any applicable law or regulation or to cure any ambiguity or to correct or supplement any provision hereof that may be inconsistent with any other provision hereof; and (iii) amend this Agreement to make such changes as may be necessary or advisable to ensure that the Company will not be treated as an association or a publicly traded partnership taxable as a corporation as defined in Section 7704(b) of the Code for U.S. federal income tax purposes. (d) The Board shall cause written notice to be given of any amendment to this Agreement to each Member, which notice shall set forth (i) the text of the proposed amendment or (ii) a summary thereof and a statement that the text of the amendment thereof will be furnished to any Member upon request.

  • Intercompany Agreements (a) Except as set forth in Section 6.07(b), in furtherance of the releases and other provisions of Section 8.01, Newmark and each member of the Newmark Group, on the one hand, and BGC Partners and each member of the BGC Partners Group, on the other hand, hereby terminate any and all Contracts, arrangements, commitments or understandings, whether or not in writing, between or among Newmark and/or any member of the Newmark Group, on the one hand, and BGC Partners and/or any member of the BGC Partners Group, on the other hand, effective as of immediately prior to the Distribution Effective Time. No such terminated Contract, arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Distribution Effective Time. Each Party shall, at the reasonable request of the other Party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. (b) The provisions of Section 6.07(a) shall not apply to any of the following Contracts, arrangements, commitments or understandings (or to any of the provisions thereof): (i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this Agreement or any Ancillary Agreement to be entered into by any of the Parties or any of the members of their respective Groups or to be continued from and after the Distribution Effective Time); (ii) any Contracts, arrangements, commitments or understandings listed or described on Schedule 6.07(b)(ii); and (iii) any Contracts, arrangements, commitments or understandings to which any Person other than a member of the BGC Partners Group or the Newmark Group is a party thereto. (c) All of the intercompany accounts payable or accounts receivable between any member of the BGC Partners Group, on the one hand, and any member of the Newmark Group, on the other hand, accrued as of the IPO Closing Date that are reflected in the books and records of the Parties or otherwise documented in writing in accordance with past practices shall, as promptly as practicable after the IPO Closing Date (and in any event within ninety (90) days thereafter), be net settled in cash by means of cash payments, a dividend, capital contribution, a combination of the foregoing, or otherwise as determined by BGC Partners in its sole and absolute discretion.

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

  • Limited Liability Company Agreement The Member hereby states that except as otherwise provided by the Act or the Certificate of Formation, the Company shall be operated subject to the terms and conditions of this Agreement.

  • Termination of Intercompany Agreements (a) Except as set forth in Section 2.4(b), DevCo, on behalf of itself and each of the other members of the DevCo Group, and SpinCo, on behalf of itself and each of the other members of the SpinCo Group, hereby terminate, effective as of the Effective Time, any and all Intercompany Agreements. No such terminated Intercompany Agreement will be of any further force or effect from and after the Effective Time and all Parties shall be released from all Liabilities thereunder other than the Liability to settle any Intercompany Accounts as provided in Section 2.5. Each Party shall take, or cause to be taken, any and all actions as may be reasonably necessary to effect the foregoing. (b) The provisions of Section 2.4(a) shall not apply to any of the following agreements (which agreements shall continue to be outstanding after the Effective Time and thereafter shall be deemed to be, for each relevant Party (or the member of such Party’s Group), an obligation to a third party and shall no longer be an Intercompany Agreement) (collectively, the “Surviving Intercompany Agreements”): (i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this Agreement or any Ancillary Agreement); (ii) the agreements listed on Schedule 2.4(b)(ii); and (iii) any confidentiality or non-disclosure agreements among any members of either Group.

  • Amendment of Agreement and Certificate of Limited Partnership For the admission to the Partnership of any Partner, the General Partner shall take all steps necessary and appropriate under the Act to amend the records of the Partnership and, if necessary, to prepare as soon as practical an amendment of this Agreement (including an amendment of Exhibit A) and, if required by law, shall prepare and file an amendment to the Certificate and may for this purpose exercise the power of attorney granted pursuant to Section 2.4 hereof.

  • Amendment of Partnership Agreement Pursuant to Section 17-211(g) of the Delaware Act, an agreement of merger or consolidation approved in accordance with this Article XIV may (a) effect any amendment to this Agreement or (b) effect the adoption of a new partnership agreement for the Partnership if it is the Surviving Business Entity. Any such amendment or adoption made pursuant to this Section 14.5 shall be effective at the effective time or date of the merger or consolidation.

  • Amended and Restated Agreement and Declaration of Trust A copy of the Amended and Restated Agreement and Declaration of Trust for the Trust is on file with the Secretary of the Commonwealth of Massachusetts. The Amended and Restated Agreement and Declaration of Trust has been executed on behalf of the Trust by Trustees of the Trust in their capacity as Trustees of the Trust and not individually. The obligations of this Agreement shall be binding upon the assets and property of the Trust and shall not be binding upon any Trustee, officer, or shareholder of the Trust individually.

  • Amended and Restated Trust Agreement This Trust Agreement is the amended and restated trust agreement contemplated by the Trust Agreement dated as of [___], 20[___], between the Depositor and the Owner Trustee (the “Initial Trust Agreement”). This Trust Agreement amends and restates in its entirety the Initial Trust Agreement.

  • Operating Agreement The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.

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