VOLUNTARY CLOSING Sample Clauses

The Voluntary Closing clause defines the conditions under which the parties to an agreement may mutually agree to finalize or close the transaction. Typically, this clause outlines the procedures, required documentation, and any preconditions that must be satisfied before the closing can occur, such as regulatory approvals or delivery of assets. Its core practical function is to provide a clear and structured process for completing the transaction, ensuring that both parties understand when and how the agreement will be formally concluded.
VOLUNTARY CLOSING. When the Employer voluntarily closes his store to the public on any holiday other than those set forth in Section A above, it is agreed that the employees shall suffer no reduction in straight-time weekly earnings on account of such closing. Neither shall the employees suffer a reduction in straight-time weekly earnings in the event the Employer chooses to close his store in memory of or in tribute to any individual or event.
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VOLUNTARY CLOSING. When the Employer voluntarily closes his store to the public because of any commemoration day or celebration day, or on any holiday other than those set forth in Section A, above, it is agreed that the Pharmacists shall suffer no reduction in straight-time weekly earnings on account of such closing.
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VOLUNTARY CLOSING. I f any store is closed because of observance of other holi­ days not listed herein, no full-time em­ ployee of the store shall suffer a reduction in pay below forty (40) hours’ pay for that workweek. The Employer further agrees that all stores w ill close and that no employee w ill be required to work after 7:00 p.m. on Christmas Eve, unless principal completi- tion in the area remains open for business. Whenever the Employer requires the bonding of any employee or the carrying of any insurance for the indemnification of the Employer, the premiums for the same shall be paid by the Employer.
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VOLUNTARY CLOSING. Notwithstanding the foregoing, each Purchaser shall have the right to fund any or all of its Subscription Amount to the Company, up to the aggregate amount set forth on Schedule 1 hereto, at any time and the Company shall be obligated to issue, or update the aggregate Subscription Amount on, the Note upon receipt of such Subscription Amount. Upon the issuance of a Note, the Company shall also issue a Warrant, and the number of Warrant Units shall be automatically updated based on the Subscription Amount delivered to the Company by such Purchaser.
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VOLUNTARY CLOSING. A first-line service provider shall comply with the following procedures to close a site location within thirty (30) 30 days of cancellation or expiration of the BPA contract and/or permit:
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VOLUNTARY CLOSING. Each closing of the exchange of the Canco Shares for Common Shares pursuant to subsection 3.2 (the "Voluntary Closing") shall be held at the offices of the Company in Hauppauge, New York, at 10:00 a.m., local time, fifteen (15) Business Days after receipt by the Company of a properly completed and executed notice of exchange in the form attached hereto as Schedule "4.1" (the "Notice of Exchange") on behalf of any Purchaser or at such other time and place upon which the Company and such Purchaser shall mutually agree.
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Related to VOLUNTARY CLOSING

  • Voluntary Reassignment If a vacancy occurs in the same or other department or division outside the unit member’s normal assignment, the unit member may submit a written request to the College President to be reassigned. Such requests, if received at least one (1) week prior to the closing date for application for an advertised position, shall be considered before those of other applicants.

  • Involuntary Reassignment In the absence of volunteers to fill a vacancy internally, the college may administratively reassign from any overstaffed area that qualified faculty member with the lowest seniority.