Job Rights in Member Districts Sample Clauses

Job Rights in Member Districts. Illinois Public Act 85-760 (SB 696), which amends Section 24-11 of the Illinois School Code, provides guidance as to the nature and extent of joint agreement licensed staff members' tenure rights. Licensed staff employed by NSSEO prior to September 23, 1987, have tenure in each of the member districts, and in certain previous member districts as provided in withdrawal agreements. Tenure in the member districts is all the regular benefits of tenure, including those provided by Section 24-12 of the Illinois School Code. In the event that NSSEO is closed altogether and ceases to exist as a joint agreement, tenured staff hired on or after September 23, 1987, also have limited rights to tenure in member districts per Illinois statute.
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Related to Job Rights in Member Districts

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  • Multi-Member The Members, or their designees, shall maintain complete and accurate records and books of the Company’s transactions in accordance with generally accepted accounting principles. The Company shall furnish each Member, within seventy-five days after the end of each fiscal year, an annual report of the Company including a balance sheet, a profit and loss statement a capital account statement; and the amount of such Member’s share of the Company’s income, gain, losses, deductions and other relevant items for federal income tax purposes. The Company shall prepare all Federal, State and local income tax and information returns for the Company, and shall cause such tax and information returns to be timely filed. Within seventy-five days after the end of each fiscal year, the Company shall forward to each person who was a Member during the preceding fiscal year a true copy of the Company’s information return filed with the Internal Revenue Service for the preceding fiscal year. All elections required or permitted to be made by the Company under the Internal Revenue Code, and the designation of a tax matters partner pursuant to Section 6231(a)(7) of the Internal Revenue Code for all purposes permitted or required by the Code, shall be made by the Company by the affirmative vote or consent of Members holding a majority of the Members’ Percentage Interests. Upon request, the Company shall furnish to each Member, a current list of the names and addresses of all of the Members of the Company, and any other persons or entities having any financial interest in the Company.

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