Top-up Provisions Sample Clauses
A top-up provision is a contractual clause that allows one party to increase its stake, investment, or ownership in a company or asset to maintain a specified percentage or threshold. In practice, this often applies in financing or shareholder agreements, where an investor is given the right to purchase additional shares if new shares are issued, ensuring their ownership percentage is not diluted. The core function of a top-up provision is to protect existing stakeholders from dilution and maintain their agreed-upon level of influence or control within the entity.
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Top-up Provisions. Employees accessing short-term disability leave as set out in paragraph c) will have access to any unused sick leave days from their last fiscal year worked for the purpose of topping up wages to one hundred percent (100%) under the short-term disability leave. This top-up is calculated as follows: Eleven (11) days less the number of sick leave days used in the most recent fiscal year worked. Each top-up to 100% from 90 to 100% requires the corresponding fraction of a day available for top-up. In addition to the top-up bank, top-up for compassionate reasons may be considered at the discretion of the board on a case by case basis. The top-up will not exceed two (2) days and is dependent on having two (2) unused Short-Term Paid Leave Days/Miscellaneous Personal Leave Days in the current year. These days can be used to top-up salary under the short-term disability leave. When employees use any part of a short-term disability leave day they may access their top up bank to top up their salary to 100%.
Top-up Provisions. Employees accessing short term disability leave will have access to any unused sick leave days from their last fiscal year worked for the purpose of topping up wages to one hundred percent (100%) under the short term disability leave. This top‐up is calculated as follows: Eleven (11) days less the number of sick leave days used in the most recent fiscal year worked. Each top‐up from 90% to 100% requires the corresponding fraction of a day available for top‐up. In addition to the top‐up bank, top‐up for compassionate reasons may be considered at the discretion of the board on a case by case basis. The top‐up will not exceed two (2) days and is dependent on having two (2) unused Short Term Paid Leave Days/Miscellaneous Personal Leave Days in the current year. These days can be used to top‐up salary under the short term disability leave. When employees use any part of a short term disability leave day they may access their top up bank to top up their salary to 100%.
Top-up Provisions. Employees accessing short-term disability leave as set out in paragraph c) will have access to any unused sick leave days from their last fiscal year worked for the purpose of topping up wages to one hundred percent (100%) under the short-term disability leave. This top-up is calculated as follows: Eleven (11) days less the number of sick leave days used in the most recent fiscal year worked. Each top-up to 100% from 90 to 100% requires the corresponding fraction of a day available for top-up. In addition to the top-up bank, top-up for compassionate reasons may be considered at the discretion of the board on a case by case basis. The top-up will not exceed two
Top-up Provisions. Employees accessing short term disability leave as set out in paragraph
Top-up Provisions. Employees accessing short term disability leave as set out in paragraph c) will have access to any unused sick leave days from their last fiscal year worked for the purpose of topping up wages to one hundred percent (100%) under the short term disability leave.
Top-up Provisions. Employees accessing short term disability leave will have access to any unused sick leave days from their last fiscal year worked for the purpose of topping up wages to one hundred percent (100%) under the short term disability leave. This top-up is calculated as follows: Eleven (11) days less the number of sick leave days used in the most recent fiscal year worked. Each top-up from 90% to 100% requires the corresponding fraction of a day available for top-up. When employees use any part of a short term disability leave day they may access their top up bank to top up their salary to 100%.