Initial Review Period Sample Clauses

Initial Review Period. New employees shall be on initial review for one hundred and twenty (120) calendar days. Upon satisfactory completion of the initial review period seniority shall be credited from the date of hire. Any employee with less than one hundred and twenty (120) calendar days of service who, in the sole opinion of the Company is nor performing satisfactorily, shall be subject to disciplinary action and or dismissal and such employee shall not have recourse to the grievance procedure or arbitration during the initial review period. If a temporary employee has worked for the Company for 30 or more days and is offered a full-time bargaining unit position on the DSN O&M contract, then that employee’s probationary period will be 90 days instead of the 120 days set forth in Article 12 Section 12.02 of this agreement.
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Initial Review Period. New employees shall be on initial review for one hundred and twenty (120) calendar days. Upon satisfactory completion of the initial review period seniority shall be credited from the date of hire. Any employee with less than one hundred and twenty (120) calendar days of service who, in the sole opinion of the Company is nor performing satisfactorily, shall be subject to disciplinary action and or dismissal and such employee shall not have recourse to the grievance procedure or arbitration during the initial review period.
Sample 1
Initial Review Period. A. An employee who has never accrued seniority under this agreement or predecessor agreements between the Company and the Union, or an employee rehired after termination of seniority shall be in initial review status until completion of 6 months employment. An employee in initial review status shall be entitled to all benefits. An employee in initial review status shall covered by the terms and conditions of this Agreement with exception to the following. The discipline or discharge for cause as determined solely by the Company, of an employee who is in initial review status shall not be subject to the grievance and arbitration provisions of this Agreement.
Sample 1
Initial Review Period. The parties agree that starting on the date hereof through the Closing Date (or such additional period thereafter as may be mutually agreed to by the parties) (the “Initial Review Period”) they shall cooperate and take such actions reasonably required, including the appointment of representatives to inspect the books and accounts of the Seller to review, as Buyer may find necessary in its sole discretion, the information and data included in the Pre-Closing Statement.
Sample 1
Initial Review Period. Any employee who has been in the employment of the company for ninety (90) consecutive days shall be considered a seniority employee of the Company and granted seniority from his starting date. Until receiving seniority, an employee shall be subject to termination, discipline, or discharge at the sole discretion of the Company.
Sample 1
Initial Review Period. The first six (6) months of employment, during which employees may be discharged by the Employer without recourse to the Grievance Procedure contained herein.
Sample 1
Initial Review Period. New employees shall be on initial review for ninety (90) calendar days. Upon satisfactory completion of the initial review period seniority shall be credited from the date of hire. Any employee with less than ninety (90) calendar days of service who, in the sole opinion of the Company is nor performing satisfactorily, shall be subject to disciplinary action and or dismissal. If a temporary employee has worked for the Company for thirty (30) or more calendar days and is offered a full-time bargaining unit position on any Naval installation covered by this contract, then that employee’s probationary period will be sixty (60) days from the date of accepting a full time position instead of the ninety (90) calendar days set forth in this section. It is understood between both parties that all Operation Generalists initial review period shall be nine calendar months.
Sample 1
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Initial Review Period. Notwithstanding anything contained herein to the contrary, upon the conclusion of the first ninety (90) days following the effective date of the credit facility, Lender shall have the rights to (a) review Company and Company’s use of the credit facility and (b) based on such review, terminate the credit facility by providing ninety (90) days written notice to Company. Such review and termination rights shall be in addition to any other rights and remedies of Lender as provided herein, in the Agreement or otherwise. Additional Conditions: Lender and Company agree that this preliminary term sheet is not intended to, and does not, constitute a binding offer by Lender to extend credit to Company. Lender and Company further agree that Lender shall not be bound by the terms set forth herein, or be otherwise obligated to provide a credit facility to Company, unless and until (a) Lender has completed its due diligence review of Lender and has approved, in its sole discretion, Company for the contemplated credit facility, and (b) Lender and Company have executed a mutually acceptable revolving credit and security agreement, together with such other documents as may be necessary to effect the contemplated transaction (collectively, the “Loan Documents”). Please acknowledge your agreement to the terms and conditions of this Commitment Letter by signing in the appropriate space below and returning a copy of the same to the undersigned. Facsimile signatures shall be deemed valid and binding to the same extent as the original. Sincerely, Agreed to and Accepted by Countrywide Warehouse Lending Encore Credit Corporation By: /s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxx Xxxxxx Xxxxxx X. Xxxxxxxx President Xxxxx Xxxxxx Chief Executive Officer
Sample 1

Related to Initial Review Period

  • Review Period The Asset Representations Reviewer will complete the Review of all of the Review Receivables within sixty (60) days after having received access to the Review Materials pursuant to Section 3.2(a). However, if additional Review Materials are provided to the Asset Representations Reviewer in respect of any Review Receivables pursuant to Section 3.2(b), the Review period will be extended for an additional thirty (30) days in respect of any such Review Receivables.

  • Transition Review Period In accordance with Article 35, Layoff and Recall, the Employer may require an employee to complete a transition review period.

  • Review Periods Owner shall have up to ten (10) Business Days from its receipt of the documents listed in Sections 1.3 and 1.4 above, to issue to Contractor written comments on such documents, Drawings and Specifications. The Owner’s approval rights only apply to documents listed in Section 1.3. If comments are not received for items listed in Section 1.3 in ten (10) Business Days, the Contractor may proceed with the development of the Drawings and Specifications with the design reflected in the uncommented document. Owner will annotate the Drawings and Specifications as appropriate and return to Contractor. In the event that Owner disapproves the Drawings or Specifications, Owner shall provide Contractor with a written statement of the reasons for such rejection within the time period required for Owner’s response, and Contractor shall provide Owner with agreed to revised and corrected Drawings and Specifications as soon as possible thereafter.

  • Inspection Period Buyer shall be under no obligation to purchase the Property or otherwise perform under this Agreement unless Buyer determines the Property to be, in all respects, suitable for its intended purposes. The decision as to whether the Property is suitable for its intended purposes shall be the sole decision of Buyer, determined in the absolute discretion of Buyer, with Buyer’s decision being final and binding upon both Parties. Buyer shall have until , 20 , at : ☐ AM ☐ PM to notify Seller of its termination of this Agreement due to Buyer's determination that the Property is unsuitable for its intended purpose ("Inspection Period"). In the event Buyer elects to terminate this Agreement, Buyer shall provide written notice of termination to Seller prior to the expiration of the Inspection Period. In the event Buyer provides said notice of termination, Seller and any Escrow Agent shall be obligated to return the Escrow Money to the Buyer as provided in Section V hereof, and neither party shall have any further rights or obligations under this Agreement. In the event Buyer does not submit written notice of termination prior to the expiration of the Inspection Period, the Buyer shall be deemed to be satisfied with its inspections of the Property and this contingency shall be deemed to be fulfilled. The Seller, at no expense, shall fully cooperate with Buyer in obtaining any and all approvals required from any Federal, State, or Local Government ("Governmental Approvals") necessary for Buyer to satisfy their needs during the Inspection Period for the suitability of the Property. Said Governmental Approvals shall be obtained during the Inspection Period unless the Parties agree otherwise. Any additional agreements related to this Section must be done in writing and attached to this Agreement.

  • Interview Period It is agreed that upon commencement of employment new employees will be advised by a representative of the Hospital of the existence of the Union and the conditions surrounding their employment as contained in the herein collective agreement and any rules that may be formulated under its terms. It is also agreed that a representative of the union will be given an opportunity to interview each employee once within the completing month of his/her probationary period for the purpose of ascertaining the wishes of the employee concerning membership in the Union. Such interview may take place on the day of orientation. The Hospital will notify the Union monthly of the names of those employees who are completing their probationary period and on request will arrange a time and place for such interview that time of which shall not exceed 15 minutes. Neither employee shall suffer loss of regular pay as a result of such interview.

  • Title Review Seller shall be obligated to clear any and all encumbrances of title of an ascertainable monetary amount (“Seller Liens”), which Seller’s Liens Seller shall cause to be satisfied and or released at or prior to Closing (with Seller having the right to apply the Purchase Price or a portion thereof for such purpose). Notwithstanding the foregoing, prior to the Due Diligence Date, Purchaser shall give notice (“Purchaser’s Title Notice”) to Seller of the existence of any encumbrances and defects in title to which Purchaser objects and that are not Permitted Encumbrances (“Title Objections”). Seller shall, within five (5) business days from receipt of Purchaser’s Title Notice, notify Purchaser of those Title Objections that Seller elects not to attempt to remove or correct, provided that failure of Seller to give said notice shall be deemed to mean that Seller shall remove or correct all of Purchaser’s Title Objections. In the event Seller elects to attempt to remove or correct Title Objections(s) and by the later of the Due Diligence Date or the date which is thirty (30) business days following Seller’s receipt of Purchaser’s Title Notice, Seller has not arranged for removal or correction of said Title Objections, then Purchaser shall either (i) terminate this Agreement in which event the Deposit shall be returned to Purchaser and the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof, or (ii) accept the condition of the title to the Property as it then is, without diminution of the Purchase Price. If Purchaser fails to elect (i) above, then Purchaser shall be deemed to have elected (ii) above. Encumbrances and defects to title that are not included in Purchaser’s Title Objections and those Title Objections that are accepted pursuant to this subsection shall be deemed to be Permitted Encumbrances. Notwithstanding anything herein to the contrary, Seller’s Liens shall not be deemed Permitted Encumbrances. Recording fees for recording documents to discharge Title Objections and Seller’s Liens shall be borne by Seller.

  • DATE OF COMPLETION The Developer must ensure that the Developer’s Works reach Completion on or before the date or milestone referred to in clause 1 of Schedule 3 of this document.

  • Title and Survey Review The condition of the title to the Properties. Prior to the Effective Date, Seller has provided to Buyer an ALTA title report or commitment for title insurance (individually, a “Title Commitment” and collectively, the “Title Commitments”) prepared by First American Title Insurance Company (the “Title Company”) with respect to each Real Property. Buyer may request from the Title Company an updated Title Commitment, together with copies of all documents referred to therein, for any or all of the Properties. Prior to the Effective Date, Seller has provided to Buyer a copy of an existing survey of each Property, and Buyer may, at Buyer’s sole cost and expense, obtain an update of each survey (the “Surveys”). It shall be a condition to Closing that the Title Company shall be committed to issue to Buyer an ALTA extended coverage Owner’s Policy of Title Insurance for each Property, in an amount equal to the Allocated Purchase Price and insuring title to each Property is vested in Buyer, subject only to the “Permitted Exceptions” (as hereinafter defined) and including only the “Endorsements” (as hereinafter defined) (individually and collectively, the “Title Policy”). The following matters shall be deemed “Permitted Exceptions”: all matters disclosed by the Title Commitments other than (A) those matters which the Title Company has removed from the Title Commitment by written supplement and (B) those “Mandatory Cure Items” (as hereinafter defined). “Mandatory Cure Items” shall mean (1) those matters which Seller has agreed in writing to cause to be removed at or before Closing in accordance with, and subject to, Paragraph 3(c), (2) any mortgages, deeds of trust or other similar encumbrance evidencing outstanding indebtedness voluntarily created by Seller which can be satisfied by the payment of an ascertainable amount of money, and (3) any mechanic’s, materialman’s or broker’s liens filed against a Property as a result of Seller’s acts or omissions (e.g., failure to pay) which can be satisfied by the payment of an ascertainable amount of money. The “Endorsements” shall include only those endorsements which, prior to the expiration of the Due Diligence Period, the Title Company has agreed in writing to include in the applicable Title Policy or Seller has agreed in writing to cause to be included in such Title Policy;

  • Work Period The normal work period shall consist of forty (40) hours of work within a seven (7) day period or eighty (80) hours of work within a fourteen (14) day period.

  • Feasibility Period (a) For a Feasibility Period of ninety (90) days from the date hereof (the "Feasibility Period"), Buyer is granted the right to conduct physical inspections, tests and investigations of the Premises in such a manner as not to inconvenience the tenants and to review copies of the Leases, Service Contracts, bills for calendar years 1994 and 1995 for real estate taxes, utilities (water, sewer, gas and electric) insurance premiums and trash removal pertaining to the Premises. At any time during said Feasibility Period, Buyer shall have the right, for any reason whatsoever, to cancel and terminate this Agreement by serving written notice thereof upon Seller on or before the expiration of said Feasibility Period; if Buyer elects to terminate this Agreement as permitted herein, then this Agreement shall be cancelled and terminated and the Deposit, together with interest earned thereon, shall be returned to Buyer and neither party hereunder shall have any further liability or obligation to the other hereunder except with respect to the indemnifications contained in this Xxxxxxxxx 0, Xxxxxxxxx 5(e) and Paragraph 22; if Buyer fails to exercise its right to terminate this Agreement as permitted herein, then said right shall automatically lapse, terminate and become null and void. Buyer shall indemnify and save harmless the Seller from any liability, loss, cost or expense (including reasonable attorney's fees) arising from or in connection with such inspection and/or entry upon the Premises; said indemnification shall survive Closing and/or termination of this Agreement."

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