Condition No. 1. The Company and Executive acknowledge that until further mutual agreement between the parties that Executive may be providing additional services to the Company’s affiliates or subsidiaries, and might not be able to dedicate his full time and attention to the Company. This Condition No. 1 is intended to cover such a time period.
Condition No. 2: RMBS Trust Transaction Party Approval. The Settlement is conditioned upon DBNTC obtaining requisite approvals from specified parties to certain of the agreements governing RMBS trusts that held loans of settlement class members.
Condition No. 2: Effective January 1, 2004 and thereafter, all annual leave hours earned will be “use it or lose it” hours that will be forfeited if the employee’s accumulated but unused hours exceed the Carryover Cap or if the employee’s accumulated but unused hours exceed the employee’s Vested Hours on December 31st of each year. There will be no substitution of money for annual leave while an employee remains employed by XXX. Annual leave is accumulated from the first day of hire in a regular position and is deemed earned upon completion of the first three (3) months of the introductory period. Paid annual leave will not be granted during the first three (3) months of the introductory period, nor will it be granted in advance of accrual. Annual leave must be scheduled by department, by pay location, and by seniority in December each year. It is each supervisor’s responsibility to schedule annual leave so as to provide adequate coverage for the area supervised. Re-scheduling of annual leave must be requested, in writing, within fourteen (14) days of the originally scheduled leave. Each employee may use a maximum of forty (40) hours accumulated annual leave for unanticipated personal business. This leave, however, must be scheduled at least 24 hours in advance, whenever possible. The personal annual leave is from the same accumulated leave as the vacation (annual) leave. Employees who are on annual leave will be paid for holidays that occur during that time.
Condition No. 1: Approval. The Settlement must be approved by the Court in accordance with the following steps:
Condition No
