FRINGE OPTION Sample Clauses

FRINGE OPTION. It is further agreed that if additional sums are necessary to maintain or improve the fringe benefit plans, such sums may be deducted from wages at any anniversary date of the Agreement by mutual agreement, giving sixty (60) days prior notice.
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FRINGE OPTION. If additional sums are necessary to maintain the fringe benefits, by mutual agreement, on sixty (60) days’ notice, such sums may be deduct- ed from wages.
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FRINGE OPTION. If additional sums are necessary to maintain the fringe benefits, by mutual agreement, on sixty
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FRINGE OPTION. Union option to allocate up to 50% of any negotiated increase or $ .40, whichever is greater, from wages to apply to fringe benefits with thirty (30) days' notice prior to any anniversary date of this Agreement. APPENDIX 1 SCHEDULE "B" FRINGE BENEFITS
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FRINGE OPTION. If additional sums are necessary to maintain the fringe benefits, by mutual agreement, on sixty (60) days’ notice, such sums may be deducted from wages. Note; Residential Construction shall be defined as; construction, alteration, repair, improvement, or maintenance of single family dwellings, duplexes, apartments, condominiums, and other residential structures not to exceed four stories in height, including basement, when used solely as permanent residences. It does not include the utilities construction (water and sewer lines), or work on streets, or work on other structures (e.g., for recreation and business.) XXXXXXX/GENERAL XXXXXXX IN ALL CLASSIFICATIONS: XXXXXXX shall receive ten percent (10%) per hour above the highest paid journeyman wage classification working under him. GENERAL XXXXXXX will be paid five percent (5%) above the highest paid xxxxxxx rate, if one is used at the option of the employer. Should the classifications not provided for herein become involved, such classifications and the wage rates for same shall be negotiated by the Employer and the Union. Any Xxxxxxxxx, Millwright and Machine Erector, or Piledriver covered by this Agreement shall be supervised by a Xxxxxxx/General Xxxxxxx of their respective craft, when one is employed. APPRENTICE RATES FOR ALL CLASSIFICATIONS First Period 3 Months - 60% Fifth Period 6 Months - 80% Second Period 3 Months - 65% Sixth Period 6 Months - 85% Third Period 6 Months - 70% Seventh Period 6 Months - 90% Fourth Period 6 Months - 75% Eighth Period 12 Months - 95% *No Pension contributions will be paid for apprentices during the 1st or 2nd period.
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FRINGE OPTION. Union option to take money from wages to apply to fringe benefits with thirty (30) days notice prior to any scheduled increase or anniversary date of this Agreement. SCHEDULE "C" HIRING HALL
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FRINGE OPTION. If additional sums are necessary to maintain the fringe beneßts, by mutual agreement, on sixty
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FRINGE OPTION. If additional sums are necessary to maintain the fringe benefits, by mutual agreement, on sixty (60) days’ notice, such sums shall be paid by the employer up to, but not more than $0.50 during the effective dates of this agreement. Any amount required beyond $0.50 may be deducted from wages. Note: Residential Construction shall be defined as; construction, alteration, repair, improvement, or maintenance of single-family dwellings, duplexes, apartments, condominiums, and other residential structures not to exceed four stories in height, including basement, when used solely as permanent residences. It does not include the utilities construction (water and sewer lines), or work on streets, or work on other structures (e.g., for recreation and business.) FOREPERSONS/GENERAL FOREPERSONS IN ALL CLASSIFICATIONS: FOREPERSONS shall receive ten percent (10%) per hour above the highest paid journeyperson wage classification working under them. GENERAL FOREPERSON will be paid five percent (5%) above the highest paid foreperson rate, if one is used at the option of the employer. Should the classifications not provided for herein become involved, such classifications and the wage rates for same shall be negotiated by the Employer and the Union. Any Xxxxxxxxx, Millwright and Machine Erector, or Piledriver covered by this Agreement shall be supervised by a Foreperson/General Foreperson of their respective craft, when one is employed. APPRENTICE RATES FOR ALL CLASSIFICATIONS *1st Year – 80% of Journeyperson Scale 2nd Year – 85% of Journeyperson Scale 3rd Year – 90% of Journeyperson Scale 4th Year – 95% of Journeyperson Scale *No Pension contributions shall be required for an apprentice in the 1st year of their apprenticeship, except for hours worked on projects that are subject to State of Montana Prevailing Wage Rates as referred to in Montana Codes Annotated 18-2-416.
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Related to FRINGE OPTION

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • Exchange Option (a) The Board of Directors may, at its sole option and without seeking the approval of holders of Voting Shares or Rights but with the prior written consent of the Exchange if the Common Shares are then listed on such exchange, at any time after a Flip-in Event has occurred, authorize the Company to issue or deliver in respect of each Right which is not void pursuant to Subsection 3.1(b), either: (i) in return for the applicable Exercise Price and the Right, debt, equity or other securities or assets (or a combination thereof) having a value equal to twice the applicable Exercise Price; or (ii) in return for the Right, subject to any amounts that may be required to be paid under applicable law, debt, equity or other securities or assets (or a combination thereof) having a value equal to the value of the Right, in full and final settlement of all rights attaching to the Rights, where in either case the value of such debt, equity or other securities or other assets (or a combination thereof) and, in the case of Clause 3.2(a)(ii), the value of the Right, shall be determined by the Board of Directors which may rely upon the advice of a nationally or internationally recognized firm of investment dealers or investment bankers selected by the Board of Directors.

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

  • Employment Option If the State determines that it would be in the State’s best interest to hire an employee of the Contractor, the Contractor will release the selected employee from any non-competition agreements that may be in effect. This release will be at no cost to the State or the employee.

  • Share Options With respect to the share options (the “Share Options”) granted pursuant to the share-based compensation plans of the Company and its subsidiaries (the “Company Share Plans”), (i) each Share Option intended to qualify as an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Share Option was duly authorized no later than the date on which the grant of such Share Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Share Plans, the Exchange Act, and all other applicable laws and regulatory rules or requirements, including the rules of the New York Stock Exchange (the “Exchange”), and (iv) each such grant was properly accounted for in accordance with IFRS in the financial statements (including the related notes) of the Company. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Share Options prior to, or otherwise coordinating the grant of Share Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Option The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of all Leased Data Management Equipment.

  • Nonstatutory Stock Option The Optionee may incur regular federal income tax liability upon exercise of a NSO. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If the Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

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