Unscheduled Closing Clause Samples
The Unscheduled Closing clause allows a transaction or agreement to be finalized on a date that is not predetermined or originally specified in the contract. In practice, this means that the parties may agree to close the deal earlier or later than the scheduled closing date, often in response to unforeseen circumstances or mutual convenience. This clause provides flexibility, ensuring that the transaction can still proceed smoothly even if the original timeline cannot be met, thereby reducing the risk of delays or disputes over timing.
Unscheduled Closing. 4.01. All twelve (12) month employees are expected to work their regular hours on snow days unless the conditions are such that they can not get to work on time. Twelve month employees are not to leave early on snow days unless conditions warrant it, and the Superintendent has approved such an early leaving. If a Declaration of Emergency is issued by Otsego County, employees will not be expected to work and no days will be taken from accumulated leave for that day. For those who are asked to work will receive one additional floating holiday.
4.02. In the event that the Superintendent sends employees home early, the employee shall be paid for a full work day.
4.03. If a twelve month employee is required to work and fails to report, the Superintendent may approve the use of a personal day. If an employee wants to use a personal day for this purpose, he/she must notify the Superintendent as soon as possible of their intent to use a personal leave day. Failure to report to the Superintendent shall be considered a waiver of the option to use a personal day. If an employee has no personal days available or does not want to use a personal day for this purpose, the employee shall not be paid for that day.
Unscheduled Closing