Leave for Association Business The Hospital agrees to grant leaves of absence, without pay, to nurses selected by the Association to attend Association business including conferences, conventions and Provincial Committee meetings and to any nurse elected to the position of Local Co-ordinator. The cumulative total leave of absence, the amount of notice, the number of nurses that may be absent at any time from one area and the number of days (including those of the Local Co-ordinator) is set out in the Appendix of Local Provisions. During such leave of absence, a nurse's salary and applicable benefits or percentage in lieu of fringe benefits shall be maintained by the Hospital and the local Association agrees to reimburse the Hospital in the amount of the daily rate of the full-time nurse or in the amount of the full cost of such salary and percentage in lieu of fringe benefits of a part-time nurse except for Provincial Committee meetings which will be reimbursed by the Association. The Hospital will bill the local Association within a reasonable period of time. Part-time nurses will receive service and seniority credit for all leaves granted under this Article.
Management Company The UCITS and its Sub-Funds are managed by the Management Company, in accordance with this Unit Trust Agreement for the account, and in the sole interest, of the Unitholders. In accordance with the applicable laws and regulations and this Unit Trust Agreement, the Management Company is entitled to dispose of the assets of the UCITS / Sub-Funds and to exercise any and all rights thereunder.
DISADVANTAGED BUSINESS ENTERPRISE OR HISTORICALLY UNDERUTILIZED BUSINESS REQUIREMENTS The Engineer agrees to comply with the requirements set forth in Attachment H, Disadvantaged Business Enterprise or Historically Underutilized Business Subcontracting Plan Requirements with an assigned goal or a zero goal, as determined by the State.
Investment Risks Purchaser understands that purchasing Securities in the Offering will subject Purchaser to certain risks, including, but not limited to, each of the following:
(i) The offering price of the Securities offered hereby has been determined solely by the Company and does not necessarily bear any relationship to the value of the Company’s assets, current or potential earnings of the Company, or any other recognized criteria used for measuring value, and therefore, there can be no assurance that the offering price of the Shares is representative of the actual value of the underlying Securities.
(ii) In order to fund its operations, attract and retain employees, consultants and other service providers, pursue business opportunities as they arise, which may include the acquisition of businesses or assets, and satisfy other obligations, the Company may be required to issue additional shares of Common Stock, securities exercisable or convertible into shares of Common Stock, or debt. Such securities may be issued for a purchase price consisting of cash, services or other consideration that may be materially different than the purchase price of the Shares. The issuance of any such securities may result in substantial dilution to the relative ownership interests of the Company’s existing shareholders and substantial reduction in net book value per share. Additional equity securities may have rights, preferences and privileges senior to those of the holders of Common Stock, and any debt financing may involve restrictive covenants that may limit the Company’s operating flexibility.
(iii) The Company has provided herein that it intends to use the net proceeds from the Offering for general working capital purposes and other general corporate purposes which may include the acquisition of businesses or assets. Thus, Purchaser is making its investment in the Securities based in part upon very limited information regarding the specific uses to which the net proceeds will be applied.
(iv) An investment in the Securities may involve certain material legal, accounting and federal and state tax consequences. Purchaser should consult with its legal counsel, accountant and/or business adviser as to the legal, accounting, tax and related matters accompanying such an investment.
SKILLED TRADES The Provisions of the General Agreement shall apply to employees in the skilled trades except as altered by the of this article. The term ‘Skilled Trades’ as used in this article shall mean any person: Who presently holds a journeyman’s classification in a skilled trades classification. Who has served a bona fide apprenticeship of four (4) years hours and holds certificate which substantiates his claim of service. The Union may elect or otherwise select, and the Company shall recognize a Skilled Trades ▇▇▇▇▇▇▇ as per Article The Company further agrees the ▇▇▇▇▇▇▇ shall be responsible for all matters pertaining to Skilled Trades. The following will confirm the Company policy regarding the performance of maintenance or trades work with our own employees and equipment. It is the intent to make every effort to keep the existing Skilled Trades work within the company. It is recognized that at times, for varying reasons, it is not considered practical or advisable for certain work to be performed by our company. The company must therefore, reserve the right to decide how and by whom such work is to be performed, except as altered by the terms of this article. If the company has the necessary facilities and equipment and can perform the work required with our own work force in a manner that is competitive in terms of cost, quality, within projected limits and the priorities placed on other work, then such work will be kept within the company. If the company finds necessary to contract out existing Skilled Trades work, such contracting to be done after fully utilizing all of the trades concerned as per Article Inthe event of a layoff in the Skilled Trades, if work normally and historically performed in house by this trade had been contracted out or has been scheduled to be contracted out, the company will review such work with the Skilled Trades ▇▇▇▇▇▇▇ with the intent of returning the work to the plant. This does not include warranty work. Except In the following circumstances identified below no work will be performed by employees non-scheduled positions, when such work comes within the jurisdiction of the bargaining unit. Road test; Perform minor adjustments; Example: mirror adjustments, seat adjustments, replacement of bulbs, etc.; Computer diagnostic assist; as per Letter of Understanding; Lend a helping hand to a mechanic. The Company shall assist employees who are required by the Company to attend training programs at approved Institutions off the premises and outside their normal working hours. The employee shall be reimbursed for tuition, texts as prescribed by the course and transportation when he has completed and passedthe training program. Reduction and Recall When reducing work, the junior employee in the affected classification shall be laid off first and additional employees, if required, shall be laid off in reverse seniority. When reducing forces, the junior in the affected classification shall be at least ten (10) days prior to the effective date. The displaced employee may exercise his seniority in another classificationother than his own and thereby displace that junior employee, provided he has sufficient qualifications, skill and ability to perform the work. Failing this, he is to be laid off. To be eligible for recall, a laid off employee must keep the Company informed of his current address and telephone number.
