Examples of Vested Percentage Interest in a sentence
The use of “timeout” procedures during which a staff member remains accessible to the student shall not beconsidered “seclusion restraint.” Notwithstanding the above, in the event of an emergency in which physical restraint is deemed the only appropriate option to prevent injury to students and/or staff, nothing shall preclude a teacher or District employee from using reasonable force to protect students, other persons or themselves from assault or imminent, serious, physical harm.
If the Managing Member so decides the mechanism for effectuating such redemption shall be that the Members shall have a subscription period in the first Quarter of each such calendar year, whereby each Member shall inform the Company of how much of their Vested Percentage Interest such Member would like to have redeemed.
This procedure is strictly enforced in order to maintain focus on academics and to keep a safe learning environment for all the students at Hayt School.ENTRANCE PROCEDURESOutside Pick UpOnce on school grounds, students are not to leave for any reason.
The purchase price for the Involuntary Sale Interest which constitutes Vested Percentage Interest will be the fair market value of such Vested Percentage Interest, as determined in the sole discretion of the Voting Members.
However, no modification, amendment or termination shall adversely affect the then Vested Percentage Interest of any Participant in his (or his applicable) Phantom Stock Benefit.