Stand. OFF AGREEMENT. BETWEEN THE DATE OF THIS TERMS AGREEMENT AND THE SETTLEMENT DATE, MEC WILL NOT, WITHOUT THE PRIOR CONSENT OF THE UNDERWRITERS, OFFER OR SELL, OR ENTER INTO ANY AGREEMENT TO SELL, ANY DEBT SECURITIES OF MEC (OTHER THAN THE NOTES AND COMMERCIAL PAPER IN THE ORDINARY COURSE OF BUSINESS).]
Stand still The Parties represent to each other that (i) as of the date of this Agreement they respectively own or hold, directly or indirectly, the interests in TI shares indicated in Annex 7 hereto (the “Relevant TI Interests”), calculated by taking into account all the shares and interests also held by entities connected to the Parties pursuant to Article 109 of Legislative Decree No. 58 of February 28, 1998 (the “Connected Entities”) and (ii) they have not executed nor taken part, directly or indirectly, also by means of the Connected Entities, in any agreement whatsoever, also oral, concerning interests in TI shares granting voting rights on the matters listed in Article 105 of Legislative Decree No. 58 of February 28, 1998 or any option rights, convertible bonds, warrants, derivatives, granting the right to subscribe or acquire TI shares granting voting rights on the matters listed in Article 105 of Legislative Decree No. 58 of February 28, 1998 (collectively the “TI Voting Shares”) that may cause the holding by the Parties, Newco and the Connected Entities, taken as a whole, of a number of TI Voting Shares exceeding the 30% mandatory tender offer threshold pursuant to article 109 of Legislative Decree No. 58 of February 28, 1998 (the “Threshold”). The Parties also acknowledge that O is currently part of a pre-emption agreement with Holinvest S.p.A. under which Holinvest S.p.A. is allowed to hold up to n. 492,697,862 plus 1% of the overall number of the issued TI Voting Shares (the "Holinvest Shares"). For the purpose of this Article 7, the "Initial Balance" shall be equal to the number of TI Voting Shares resulting from the difference between (i) the number of TI Voting Shares equal to the Threshold and (ii) the total aggregate number of the TI Voting Shares held by O, the Relevant TI Interests and - until waiver of the pre-emption rights set out in pre-emption agreement with Holinvest S.p.A. as provided below - the Holinvest Shares. Starting from the date hereof and for the duration of this Agreement, each Party undertakes not to execute or take part, directly or indirectly, also by means of the Connected Entities, in any agreement whatsoever, also oral, concerning TI Voting Shares (including option rights) that may cause the holding by the Parties, Newco and the Connected Entities, taken as a whole, of a number of TI Voting Shares exceeding the Threshold. Without prejudice to the above, the acquisition of TI Voting Shares will be permitted to each Party...
Stand. By Pay - Employees who are designated by management to be immediately available to report to work outside their regularly scheduled hours will receive payment of $10.00 per day for this assignment. Employees designated for stand-by on a holiday will receive payment of $13.00 per day. Qualified employees will be assigned on a rotational basis unless extenuating circumstances such as a major project requires a specific employee to be assigned. In the event an employee is called out to work, they will be eligible for call-out pay as outlined above in addition to the stand-by pay. Stand-by assignments will be based on a combination of site requirements, employee home locations and practicality of schedules.
Stand. Alone Pension Plan. Effective as of the Time of Distribution, Rockwell Xxxxxxx will or will cause one or more Rockwell Xxxxxxx 25 <PAGE> 29 Subsidiaries to assume and adopt or retain, as applicable, sponsorship of the Kaiser Aerospace Retirement Plan, as amended through the Time of Distribution (the "Stand-Alone Pension Plan"), the trust related thereto and all assets and Liabilities related thereto. Effective as of the Time of Distribution, Rockwell Xxxxxxx hereby assumes or retains, as applicable, and agrees to fully perform, pay and discharge, and agrees to cause the Stand-Alone Pension Plan and the trust related thereto to assume or retain, and to fully perform, pay and discharge, all accrued benefit and other Liabilities of Rockwell or any of its Subsidiaries (including members of the Rockwell Xxxxxxx Group and members of the Rockwell Science Center Group), the Stand-Alone Pension Plan and the trust related thereto under and relating to the Stand-Alone Pension Plan and the trust related thereto with respect to all participants who were covered under the Stand-Alone Pension Plan prior to the Time of Distribution. Section 3.03 U.S. Non-Qualified Pension Plan. (a) Establishment and Sponsorship of Non-Qualified Pension Plans and Rabbi Trusts. (i) Prior to the Time of Distribution, Rockwell will have established (A) a new non-qualified supplemental pension plan (the "Rockwell Automation Non-Qualified Pension Plan"), the purpose of which will be to provide benefits to Rockwell Automation Participants, and the Rockwell Automation Master Rabbi Trust, (B) a new non-qualified supplemental pension plan (the "Rockwell Science Center Non-Qualified Pension Plan"), the purpose of which will be to provide benefits to Rockwell Science Center Participants, and the Rockwell Science Center Master Rabbi Trust and (C) the Rockwell Master Rabbi Trust. The Rockwell Automation Non-Qualified Pension Plan and the Rockwell Science Center Non-Qualified Pension Plan each will be substantially similar in all material respects to the Rockwell Non-Qualified Pension Plan, and will provide a benefit formula which will be substantially similar in all material respects to the benefit formula that the Rockwell Non-Qualified Pension Plan provided immediately prior to the Time of Distribution. The Rockwell Automation Non-Qualified Pension Plan and the Rockwell Science Center Non-Qualified Pension Plan each will credit each participant thereunder for purposes of eligibility to participate, v...
Stand. DOWN The employer shall have the right to deduct or withhold payment for any day that the employee cannot be usefully employed because of any strike, breakdown in machinery or a stoppage of work for which the company is not reasonably responsible.
Stand. (a) The Hospital will notify the Bargaining Unit President or designate prior to initiating ongoing standby assignments on any unit. Employees scheduled for standby shall be provided with beepers. Standby assignments shall be posted one week in advance and cover a one week period. Standby schedules will not be reassigned without consultation with the employee whose schedule is being changed.
Stand. BY 9 Employees assigned to mandatory standby status for one calendar week at a 10 time will be paid $100.00 for each such week of standby. If the mandatory 11 standby is for less than one week, then the $100 shall be prorated. Mandatory 12 standby will normally be on a weekly basis.
Stand. DOWN The employer shall take all reasonable steps to provide the employee with paid work on each recognised working day providing that the employee possesses the necessary skills to satisfactorily and safely carry out the work. The employer shall (also) have the right to deduct or withhold payment for any day that the employee cannot be usefully employed because of a slackness in trade, or when practice dentists are required to be absent. If the employee so requests, the employer may elect to allow the employee to take annual leave rather than standing down the employee. This option will not apply during any probation period.
Stand. Employees who violate this policy are subject to potential disciplinary action which will result in a warning and or/up to • Pending investigation or requiring further investigation of the allegation(s) and tell the employee. what the allegation(s) are in as much detail that is available at the time of the suspension. • Preventing the employee from having access to the workplace. • Reserving the right to restrict IT access and access to customers during the period of suspension. The Manager must notify relevant departments that the employee will not be attending work but is entitled to normal pay and benefits. Suspension should be for the shortest possible period. The need to continue the suspension must be reviewed regularly Appeal same time as you are informed of the outcome of a disciplinary meeting, you will be advised of your right to l against the disciplinary decision. The basis of the appeal must be made in writing within seven calendar days of ation of the disciplinary action. You will be invited within 5 working days of putting in your appeal to attend an l hearing. Employees attending appeal hearings have the same right to be accompanied as those attending linary hearings. Unless further investigation is required, the decision in connection with the appeal will be notified in writing within seven calendar days of the appeal hearing or as soon as practical thereafter. The decision on peal will be final. If it is necessary to spend longer than seven days investigating the appeal the Manager may a holding letter. Just culture lture supports learning from unsafe acts. This is then used to improve awareness of safety situations through the ination and sharing of safety information. This means that every individual within easyJet is responsible for ng that safety is given priority and those occurrences, errors and hazards are honestly and openly reported ut fear of retribution. However deliberate violations, which jeopardise safety to our staff, passengers or ructure, cannot be tolerated. culture’ means a culture in which front line operators or others are not punished for actions, omissions or ns taken by them that are commensurate with their experience and training, but where gross negligence, wilful ons and destructive acts are not tolerated.” VNC easyJet CLA agreement No.1 - Effective 1/4/18- 311312020 •Rer.ognition Coaching •fnitiate Discipline Superviaor/ Monogor Conaequence NOTE: 1 • lf lhere is evidence of 3 such events withinlhe Company, revi...
Stand. BY Employees of the water treatment facilities shall be placed on stand-by on a weekly rotating schedule from Friday at 4:00 p.m. until the following Friday at 4:00 p.m. Employees serving under such stand-by week provision shall be compensated thirty dollars ($30.00) per day for each day on stand-by. Operations consisting of up to one (1) hour of work daily shall be included in the compensated stand-by pay.
