Individual Options Clause Samples
The 'Individual Options' clause defines the rights or opportunities available to individual parties within an agreement to make specific choices or selections. Typically, this clause outlines the circumstances under which a party may exercise an option, such as purchasing additional services, extending a contract term, or opting into certain features. By clearly specifying these individual rights, the clause ensures that each party understands their ability to tailor the agreement to their needs, thereby providing flexibility and reducing the risk of disputes over what actions are permitted.
Individual Options. (a) There shall be an AWS Facilitator, who shall be knowledgeable in flexible schedule issues. The Facilitator shall be available to resolve such matters as are set forth hereafter. The State and the Union shall share equally the Facilitator’s expenses.
(b) An employee who can demonstrate a need for a non- AWS option, schedule modification based upon childcare responsibilities, eldercare, family or personal medical condition or treatment, or other care obligations, educational programs, carpooling or mass transportation considerations, shall be accommodated whenever possible. The AWS Facilitator shall have binding authority to resolve these disputes. Such request shall be reviewed quarterly.
(c) An employee shall qualify for said accommodation unless the Agency can establish that the employee has demonstrated a pattern of a lack of dependability during the preceding twelve (12) months. Said pattern must have been documented in writing, and the employee must have been provided with an opportunity to acknowledge receipt of said documentation. Management shall give due consideration as to whether the grant of said schedule might logically cure the dependability problem.
(d) The Appointing Authority may revoke a preferred schedule if an employee has been found to have misconducted him/herself in any manner with respect to the schedule. The removal of said schedule shall be stayed until the matter can be reviewed initially by the AWS Facilitator, who may issue an interim order regarding the schedule. Said order shall be limited to the issue of whether the stay should continue pending submission of the threshold issue to the [disciplinary] arbitrator [Grievance Panel].
Individual Options. (a) An employee who can demonstrate a need for a non-AWS option, schedule modification based upon childcare responsibilities, eldercare, family or personal medical condition or treatment, or other care obligations, educational programs, carpooling or mass transportation considerations, shall be accommodated whenever possible. The AWS Facilitator shall have binding authority to resolve these disputes. Such request shall be reviewed quarterly.
(b) An employee shall qualify for said accommodation unless the Agency can establish that the employee has demonstrated a pattern of a lack of dependability during the preceding twelve (12) months. Said pattern must have been documented in writing, and the employee must have been provided with an opportunity to acknowledge receipt of said documentation. Management shall give due consideration as to whether the grant of said schedule might logically cure the dependability problem.
(c) The Appointing Authority may revoke a preferred schedule if an employee has been found to have misconducted him/herself in any manner with respect to the schedule. The removal of said schedule shall be stayed until the matter can be reviewed initially by the AWS Facilitator, who may issue an interim order regarding the schedule. Said order shall be limited to the issue of whether the stay should continue pending submission of the threshold issue to the [disciplinary] arbitrator [Grievance Panel].
Individual Options. (a) An employee who can demonstrate a need for a non- AWS option, schedule modification based upon childcare
(b) An employee shall qualify for said accommodation unless the Agency can establish that the employee has demonstrated a pattern of a lack of dependability during the preceding twelve (12) months. Said pattern must have been documented in writing, and the employee must have been provided with an opportunity to acknowledge receipt of said documentation. Management shall give due consideration as to whether the grant of said schedule might logically cure the dependability problem.
(c) The Appointing Authority may revoke a preferred schedule if an employee has been found to have misconducted him/herself in any manner with respect to the schedule. The removal of said schedule shall be stayed until the matter can be reviewed initially by the AWS Facilitator, who may issue an interim order regarding the schedule. Said order shall be limited to the issue of whether the stay should continue pending submission of the threshold issue to the [disciplinary] arbitrator [Grievance Panel].
Individual Options. The Stock Option Agreement between the Company and ▇▇. ▇▇▇▇▇▇ dated the date hereof in the form of Exhibit V. J(i) (providing for the grant of options concurrently herewith), shall be effective on the date hereof. Such Stock Options shall not become exercisable until, without limitation, the Closing Date and the approval by the Stockholders of the Company of an increase in the shares underlying the Stock Option Plan. The Board has confirmed its acceptance of the terms of the Stock Option Agreement with ▇▇. ▇▇▇▇▇▇ in a resolution adopted by the Board. The Company shall not be deemed in violation of the covenants in this Section V. J if ▇▇. ▇▇▇▇▇▇ elects not to serve the Company or the Company has the right to terminate his employment and Stock Option Agreement for "Cause" as reasonably determined by the Board.
Individual Options. To the extent a present or former employee holds option rights granted outside of any equity-based compensation plan, the parties agree to provide such employee or former employee with the same type of option rights accorded to MRI Optionees, as contemplated by the foregoing provisions of this Section.
Individual Options. The Stock Option Agreement between the Company and Mr. Meyers dated the date her▇▇▇ ▇▇ ▇▇▇ form of Exhibit V. J(i) (providing for the grant of options concurrently herewith), shall be effective on the date hereof. Such Stock Options shall not become exercisable until, without limitation, the Closing Date and the approval by the Stockholders of the Company of an increase in the shares underlying the Stock Option Plan. The Board has confirmed its acceptance of the terms of the Stock Option Agreement with Mr. Meyers in a resolution ad▇▇▇▇▇ ▇▇ ▇he Board. The Company shall not be deemed in violation of the covenants in this Section V. J if Mr. Meyers elects not to ser▇▇ ▇▇▇ ▇▇▇▇any or the Company has the right to terminate his employment and Stock Option Agreement for "Cause" as reasonably determined by the Board.