Method of Release Sample Clauses

Method of Release. A request in writing, signed by the president of the Association, or his/her designee, shall be submitted to the Director of Labor Relations two (2) days prior to the requested leave time. This requirement may be waived by the Superintendent or his/her designee in special situations. Except for unusual circumstances, the request shall be granted. If a substitute is required, the released teacher shall procure the substitute following normal District procedures.
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Method of Release. In the discretion of the Escrow Agent, the Escrow Agent may release Escrow Shares to the Buyer or to the Company, as and when required by this Agreement, by means of (i) delivering physical certificates representing such Escrow Shares or (ii) electronic transfer of such Escrow Shares by DWAC or a similar system to an account designated in writing to the Escrow Agent by the Buyer or the Company, as the case may be.
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Method of Release. Each such request referred to in the preceding sections (i) and (ii) shall be made pursuant to a Request to Withdraw Collateral, which shall (A) specify the Collateral Account from which Cameron requests that Collateral be released, the Collateral to be released, the amount of Collateral requested to be released, and the applicable Approved Currency of such Collateral, (B) specify the requested date of release of such Collateral (which shall be a Business Day not sooner than 5 Business Days after the Letter of Credit Issuer's receipt of such notice), (C) if such release relates to the cancellation, expiration, termination of or reduction in value of a Secured Letter of Credit, specify the Secured Letter of Credit to which such Collateral relates, (D) certify that Complete Collateral Compliance then exists and will exist after giving effect to such release, (E) certify that no Default or Event of Default then exists or would be caused by such release, (F) certify such release is in compliance with the relevant section above and (G) include any other information contemplated by Exhibit D. Each such Request to Withdraw Collateral shall be accompanied by a Collateral Certificate dated as of the date of such proposed withdrawal, and shall include a calculation showing pro forma Complete Collateral Compliance after giving effect to such requested withdrawal and, with respect to a Request to Withdraw Collateral relating to Collateral required to be pledged pursuant to Section 2.13(d), a Compliance Certificate with a calculation showing pro forma compliance with the ratio in Section 2.13(d).
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Method of Release. ‌ Any honorable dismissal of a faculty member as a result of a decision by the Board to decrease the number of faculty members employed or to discontinue a particular area of teaching service shall comply with all the requirements contained in Section 24-12 (b) of the Illinois School Code, except as these requirements have been lawfully modified by a Joint Committee on Honorable Dismissals (Joint Committee) provided for in Section 24-12 (c). The eight member Joint Committee is composed of equal numbers of members from the Association and Administration, appointed jointly by the Superintendent and the Association President and assumes the duties described in Section 24-12 (c) of the Illinois School Code. The Association representatives and the Administration representatives will each choose from their respective committee members a person to serve as co-chair. Written minutes will be recorded for all Committee meetings. The committee will meet monthly or as requested by the co-chairs, with its first meeting no later than November 1 of each year. Each faculty member must be categorized into all positions for which the faculty member is qualified on or before May 10 of the year prior to the school year during which the sequence of dismissal is determined. Within each position and subject to agreements made by the Joint Committee, the school district must establish 4 groupings of faculty members qualified to hold the position:
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Method of Release. Any honorable dismissal of a teacher as a result of a decision by the Board to decrease the number of teachers employed or to discontinue a particular area of teaching service shall comply with all the requirements contained in Section 24-12 (b) of the Illinois School Code, except as these requirements have been lawfully modified by a Joint Committee on Honorable Dismissals (Joint Committee) provided for in Section 24-12 (c). The eight member Joint Committee is composed of equal numbers of members from the Association and Administration, appointed jointly by the Superintendent and the Association President and assumes the duties described in Section 24-12 (c) of the Illinois School Code. The Association representatives and the Administration representatives will each choose from their respective committee members a person to serve as co-chair. Written minutes will be recorded for all Committee meetings. The committee will meet monthly or as requested by the co-chairs, with its first meeting no later than November 1 of each year. Each teacher must be categorized into all positions for which the teacher is qualified on or before May 10 of the year prior to the school year during which the sequence of dismissal is determined. Within each position and subject to agreements made by the Joint Committee, the school district must establish 4 groupings of teachers qualified to hold the position:
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Related to Method of Release

  • Method of Notice All notices shall be given (i) by delivery in person (ii) by a nationally recognized next day courier service, (iii) by first class, registered or certified mail, postage prepaid, (iv) by facsimile, or (v) by electronic mail] to the address of the OETC Contract Administrator or Contractor's Contract Coordinator or such other address as either party may specify in writing.

  • Method of Option Exercise The Option may be exercised in whole or in part by filing a written notice with, and which must be received by, the Secretary of the Company at its corporate headquarters prior to the Expiration Date. Such notice shall (a) specify the number of shares of Stock which the Participant elects to purchase; provided, however, that not less than one hundred (100) shares of Stock may be purchased at any one time unless the number purchased is the total number of shares available for purchase at that time under the Option, and (b) be accompanied by payment of the Exercise Price for such shares of Stock indicated by the Participant’s election. Payment shall be by cash or by check payable to the Company, or, at the discretion of the Committee at any time: (a) all or a portion of the Exercise Price may be paid by the Participant by delivery of shares of Stock acceptable to the Committee (including, if the Committee so approves, the withholding of shares otherwise issuable upon exercise of the Option) and having an aggregate Fair Market Value (valued as of the date of exercise) that is equal to the amount of cash that would otherwise be required; and (b) the Participant may pay the Exercise Price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise.

  • Method of Payment Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:

  • Method of Exercise Holder may exercise this Warrant by delivering a duly executed Notice of Exercise in substantially the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Article 1.2, Holder shall also deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.

  • Method of Allocation The Employer must specify in its Adoption Agreement the manner of allocating each annual Employer contribution to this Trust.

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Method of Exercising Options (i) The Option may be exercised by giving written notice, in form substantially as set forth in the Company's Stock Option Exercise Form, to the Company at its principal office, specifying the number of Option Shares to be purchased and accompanied by payment in full of the aggregate purchase price for such Option Shares. Only full shares shall be delivered and any fractional share which might otherwise be deliverable upon exercise of the Option shall be forfeited.

  • Method of Distribution (a) All distributions with respect to each Class of Certificates on each Distribution Date shall be made pro rata among the outstanding Certificates of such Class, based on the Percentage Interest in such Class represented by each Certificate. Payments to the Certificateholders on each Distribution Date will be made by the Trustee to the Certificateholders of record on the related Record Date by check or money order mailed to a Certificateholder at the address appearing in the Certificate Register, or upon written request by such Certificateholder to the Trustee made not later than the applicable Record Date, by wire transfer to a U.S. depository institution acceptable to the Trustee, or by such other means of payment as such Certificateholder and the Trustee shall agree.

  • Method of Computation To determine the Adviser’s liability with respect to the Excess Amount, each month the Fund Operating Expenses for the Fund shall be annualized as of the last day of the month. If the annualized Fund Operating Expenses for any month exceeds the Operating Expense Limit of the Fund, the Adviser shall first waive or reduce its investment advisory fee for such month by an amount sufficient to reduce the annualized Fund Operating Expenses to an amount no higher than the Operating Expense Limit. If the amount of the waived or reduced investment advisory fee for any such month is insufficient to pay the Excess Amount, the Adviser shall also remit to the Fund an amount that, together with the waived or reduced investment advisory fee, is sufficient to pay such Excess Amount.

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