TERMINATION OF AGREEMENT BY BOARD OF EDUCATION (SUBSTANTIAL REVENUE/EXPENSE CHANGES) Sample Clauses

TERMINATION OF AGREEMENT BY BOARD OF EDUCATION (SUBSTANTIAL REVENUE/EXPENSE CHANGES). The Board of Education may, by written notice to the Association, elect to terminate this Agreement at the end of a contract year, if revenue reductions due to change(s) in the District’s appropriations for evidence-based funding (formerly general state aid), for mandated categorical aid payments or for Federal grants, reduction or elimination (tax freeze) of property tax levy increases currently available to the District under Illinois law, and/or cost increases for the District in contributions to the Teachers' Retirement System (e.g. "cost shift"), will cumulatively exceed $500,000 for the succeeding fiscal year. The parties agree that, if the Board gives such notice, negotiations shall commence as soon as possible towards a successor agreement. The parties further agree that salary and benefits shall be continued as paid and provided in the prior contract year, during any contract "hiatus" between the termination of this Agreement and the ratification of a successor agreement. PROTOCOL FOR MEDICAL INSURANCE PREMIUMS 2017-2022 AGREEMENT Key elements of Agreement:  Payment shares for Board and BEA for the first two years of this Agreement are shown following this Protocol.  Payment shares for years after 2018-19 shall be determined in accordance with Section VII.B.  Payment shares for 2018-19 and later years, as so shown or so determined, shall then be adjusted as necessary under the following rules.  The total insurance cost to the Board and BEA from each year provides a base from which to measure the size of future increases in total cost. For calculating the tentative change from one year to the next, increases or decreases in the number of BEA members eligible for participation (“headcount changes”) are not taken into account.  The tentative annual insurance cost, aggregated for all plan types, and including the effects of migration among plans or enrollment of new hires (other than headcount changes), is to be calculated in dollars, and then divided between Board and BEA based on the premium sharing described in the next section.  If the tentative increase in total insurance cost to the Board and BEA does not exceed 6% of the prior year’s total, then the premium shares remain as so shown or determined. If the tentative increase does exceed 6%, then the percentage shares for each type of coverage shall be redetermined by the Insurance Committee, such that the Board pays 30% and BEA 70% of the portion of the increase exceeding 6%. The timeline s...
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TERMINATION OF AGREEMENT BY BOARD OF EDUCATION (SUBSTANTIAL REVENUE/EXPENSE CHANGES). The Board of Education may, by written notice to the Association, elect to terminate this Agreement at the end of a contract year, if revenue reductions due to change(s) in the District’s appropriations for evidence-based funding (formerly general state aid), for mandated categorical aid payments or for Federal grants, reduction or elimination (tax freeze) of property tax levy increases currently available to the District under Illinois law, and/or cost increases for the District in contributions to the Teachers' Retirement System (e.g. "cost shift"), will cumulatively exceed $500,000 for the succeeding fiscal year. The parties agree that, if the Board gives such notice, negotiations shall commence as soon as possible towards a successor agreement. The parties further agree that salary and benefits shall be continued as paid and provided in the prior contract year, during any contract "hiatus" between the termination of this Agreement and the ratification of a successor agreement.
Sample 1

Related to TERMINATION OF AGREEMENT BY BOARD OF EDUCATION (SUBSTANTIAL REVENUE/EXPENSE CHANGES)

  • OPERATION OF AGREEMENT This Agreement will be effective and binding immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the occurrence of a Change in Control at any time during the Term, without further action, this Agreement shall become immediately operative.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • COMPLETION OF AGREEMENT The District and the Union agree that this contract is complete. There shall be no additions to or deletions from the content of any Articles and there shall be no Articles added except by mutual agreement by the Board and the Union. In addition, there shall be no further negotiations on any matter that is within or comes within the scope of representation for the duration of the contract except by mutual agreement.

  • A-E Compensation and Extra Work 1.5.1. For the PROJECTS/SERVICES authorized under this CONTRACT, A-E shall be compensated in accordance with the following:

  • Files Management and Record Retention relating to Grantee and Administration of this Agreement a. The Grantee shall maintain books, records, and documents in accordance with generally accepted accounting procedures and practices which sufficiently and properly reflect all expenditures of funds provided by Florida Housing under this Agreement.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Promotion of Agreement It is agreed that Vendor will encourage all eligible entities to purchase from the TIPS Program. Encouraging entities to purchase directly from the Vendor and not through TIPS Agreement is a violation of the terms and conditions of this Agreement and will result in removal of the Vendor from the TIPS Program.

  • Provision of Alcohol at Social Events Where social functions are held they will be located in a hazard-free area where responsible serving of alcoholic beverages will apply. This includes provision of non- alcoholic and low-alcoholic beverages.

  • Application of this Revenue Sharing Agreement to Notes The terms of this Revenue Sharing Agreement shall apply to each Note as if the terms of this Revenue Sharing Agreement were fully set forth in each Note.

  • Performance of Agreement Purchaser shall have performed in all material respects all obligations and agreements and complied in all material respects with all covenants and conditions contained in this Agreement to be performed or complied with by it at or prior to the Closing Date.

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