Exempt Time definition

Exempt Time means the time of the first public announcement of adoption of this Agreement.
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Exempt Time means the time of the first public announcement of this Agreement.
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Exempt Time means June 20, 2012.
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Examples of Exempt Time in a sentence

  • Employees who go from Exempt status to Non-exempt status will be allowed to retain their Exempt Hours (not to exceed 80 hours) under the condition that the Exempt Time be used prior to any other paid leave.

  • The County grants time off (i.e., Exempt Time) to exempt employees on an hour for-hour basis for hours actually worked over regularly scheduled hours in a work week up to 80 hours.

  • After 30 business days, both Comp and Exempt Time accrued will expire.

  • An employee who is exempt from the Fair Labor Standards Act (FLSA) will be granted Exempt Time and an FLSA non-exempt employee can receive FLSA Comp Time for the hours of outreach activities or training that she/he preformed.

  • Comp Time and Exempt Time should be repaid no longer than 30 business days after accrued.

  • Compensatory (“comp”) Time and Exempt Time Off (“exempt time”) will only be awarded when pre- approved by a Supervisor.

  • Investigators are removed from the Exempt Time Guidelines and MOU Appendix G Letter of Understanding.

  • Exempt Time Off has the following features:  Accrues in 1 hour increments for actual overtime worked; Limited to 80 hours; except with approval from the personnel authority an employee may accrue up to 120 hours; and  May be used in one hour increments like annual leave, and must be used by the end of the leave year following the leave year in which it is earned or it is forfeited.

  • FLSA Exempt employees, who routinely work in excess of forty (40) hours in a work week, may request to use Exempt Time Off (ETO) to take paid time away that won’t be subtracted from vacation or holiday hours.

  • If an employee separates from District service he or she will not receive any payments for accrued Exempt Time Off.


More Definitions of Exempt Time

Exempt Time means the time of the first public announcement of adoption of this Agreement. (t) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. (u) “Exchange Ratio” shall have the meaning set forth in Section 24(a) hereof. (v) “Expiration Date” shall have the meaning set forth in Section 7(a) hereof. (w) “Final Expiration Date” shall have the meaning set forth in Section 7(a) hereof. (x) “NASDAQ” shall have the meaning set forth in Section 11(d)(i) hereof. (y) “NOLs” shall mean the Company’s net operating loss carryforwards. (z) “NYSE” shall have the meaning set forth in Section 11(d)(i) hereof. (aa) “Person” shall mean any individual, firm, corporation, partnership, limited liability company, limited liability partnership, trust, syndicate or other entity, or group of persons making a “coordinated acquisition” of Common Stock or otherwise treated as an “entity” within the meaning of Section 1.382-3(a)(1) of the Treasury Regulations or otherwise, and also includes any successor (by merger or otherwise) of any such individual or entity. (bb) “Preferred Stock” shall mean shares of Series A Junior Participating Preferred Stock, par value $0.001, of the Company having the terms set forth in Exhibit A hereto, and, to the extent that there are not a sufficient number of shares of Series A Junior Participating Preferred Stock authorized to permit the full exercise of the Rights, any other series of preferred stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series A Junior Participating Preferred Stock. (cc) “Principal Party” shall have the meaning set forth in Section 13(b) hereof. (dd) “Purchase Price” shall have the meaning set forth in Section 4(a) hereof. (ee) “Record Date” shall have the meaning set forth in the recitals of this Agreement. (ff) “Redemption Price” shall have the meaning set forth in Section 23(a) hereof. (gg) “Rights” shall have the meaning set forth in the recitals of this Agreement. (hh) “Rights Agent” shall have the meaning set forth in the preamble of this Agreement. (ii) “Rights Certificates” shall have the meaning set forth in Section 3(a) hereof. (jj) “Rights Dividend Declaration Date” shall have the meaning set forth in the recitals of this Agreement. (kk) “Section 11(a)(ii) Event” shall mean any event described in Section 11(a)(ii) hereof. (ll) “Section 11(a)(ii) Trigger Date” shall have the meaning set forth in Section 11(a)(iii) hereof.
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Exempt Time means 5:00 P.M., New York City time, on July 23, 2007.
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Exempt Time means the time of the first public announcement of adoption of this Plan.
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Related to Exempt Time

  • Part-time means regularly working less than the number of full time hours set by the Employer as a regular work day for Employees in an Eligible Class of Employees in the Policy.

  • Exempt Transaction means an increase in the percentage of the outstanding shares of Common Stock or the percentage of the combined voting power of the outstanding Voting Stock of the Company beneficially owned by any Person solely as a result of a reduction in the number of shares of Common Stock then outstanding due to the repurchase of Common Stock or Voting Stock by the Company, unless and until such time as (a) such Person or any Affiliate or Associate of such Person shall purchase or otherwise become the Beneficial Owner of additional shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or additional Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock, or (b) any other Person (or Persons) who is (or collectively are) the Beneficial Owner of shares of Common Stock constituting 1% or more of the then outstanding shares of Common Stock or Voting Stock representing 1% or more of the combined voting power of the then outstanding Voting Stock shall become an Affiliate or Associate of such Person.

  • Exempt Person means the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, and any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan.

  • Exempt Transactions means the transactions described in the section hereof titled “Exempt Transactions.”

  • Exempt Area means a county where there is a county agency that provides similar programs for licensing and inspection of adult foster homes that the Director finds are equal to or superior to the requirements of ORS 443.705 to 443.825 and that the Director has exempted from the license, inspection, and fee provisions described in ORS 443.705 to 443.825. Exempt area county licensing rules require review and approval by the Director prior to implementation.

  • Tax Exempt Person means a person who is exempt from tax under Part I of the Tax Act.

  • Exempt income means all of the following:

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.

  • Short-term suspension means any disciplinary action whereby a student is not permitted to attend school for a period not to exceed ten school days.

  • Exempt Transfer means, in relation to shares held by a member:

  • Exempt Issuance means the issuance of (a) shares of Common Stock or options to employees, officers or directors of the Company pursuant to any stock or option plan duly adopted for such purpose, by a majority of the non-employee members of the Board of Directors or a majority of the members of a committee of non-employee directors established for such purpose for services rendered to the Company, (b) securities upon the exercise or exchange of or conversion of any Securities issued hereunder and/or other securities exercisable or exchangeable for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement, provided that such securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange price or conversion price of such securities (other than in connection with stock splits or combinations) or to extend the term of such securities, and (c) securities issued pursuant to acquisitions or strategic transactions approved by a majority of the disinterested directors of the Company, provided that any such issuance shall only be to a Person (or to the equityholders of a Person) which is, itself or through its subsidiaries, an operating company or an owner of an asset in a business synergistic with the business of the Company and shall provide to the Company additional benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing in securities.

  • Disqualified Holder means any holder of shares of stock of the Corporation whose holding of such stock, either individually or when taken together with the holding of shares of stock of the Corporation by any other holders, may result, in the judgment of the Board of Directors, in the loss of, or the failure to secure the reinstatement of, any license or franchise from any governmental agency held by the Corporation or any of its subsidiaries to conduct any portion of the business of the Corporation or any of its subsidiaries.

  • Settlement Time means any time within two Business Days immediately following the Creation Order Date or the Redemption Order Date, as applicable.

  • Exempt employee means an at will employee who serves at the discretion of the appointing authority in a position that is exempted by State law, the City Charter or SMC 4.13 from compliance with the provisions of the Personnel Rules or SMC Title 4 related to selection, discipline, termination or appeals of personnel actions to the Civil Service Commission.

  • Exempt Information means any information or class of information (including but not limited to any document, report, Agreement or other material containing information) relating to this Agreement or otherwise relating to the Provider, which potentially falls within an exemption to FOIA (as set out therein);

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (a) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (b) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • Measurement Time means 11:59 p.m. Eastern Time on the day immediately prior to the Closing.

  • Section 409A Limit means the lesser of two (2) times: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Company’s taxable year preceding the Company’s taxable year of Executive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.

  • Company Minimum Gain has the meaning given the term “partnership minimum gain” in Sections 1.704-2(b)(2) and 1.704-2(d) of the Regulations.

  • Qualified health plan means a health benefit plan that has in effect a certification that the plan

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • Excluded Issuance means an issuance and sale of Qualified Capital Stock of Holdings, to the extent such Qualified Capital Stock is used, or the Net Cash Proceeds thereof shall be, within ninety (90) days of the consummation of such issuance and sale, used, without duplication, to finance Capital Expenditures or one or more Permitted Acquisitions.

  • Payment Time means the time when a Stock Retainer is payable to a Participant pursuant to Paragraph 5 hereof (without regard to the effect of any Deferral Election).

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.