LMC Sample Clauses
LMC. The Motor Vehicle Administration Police and SLEOLA will establish and maintain an LMC as follows:
(1) Will schedule meetings at least quarterly with any variance to that schedule being mutually agreed upon by the Union and the Employer.
(2) An equal number of Union and Employer members will be present at each meeting unless mutually agreed upon by the Union and the Employer prior to the start of the LMC meeting.
(3) SLEOLA will designate the Union representatives from its affiliated organization(s).
(4) Members will be deemed in duty status while attending LMC (no overtime).
LMC. At the Closing, LMC will deliver or cause to be delivered to Spinco:
(i) the Tax Sharing Agreement duly executed by an authorized officer of LMC;
(ii) the Services Agreement duly executed by an authorized officer of LMC;
(iii) the Facilities Sharing Agreement duly executed by an authorized officer of LMC;
(iv) the Lease Agreement duly executed by an authorized officer of [ ] (a Subsidiary of LMC;
(v) each Aircraft Time Sharing Agreement duly executed by an authorized officer of [ ] (a Subsidiary of LMC);
(vi) a secretary’s certificate certifying that the LMC Board has authorized the execution, delivery and performance by LMC of this Agreement, the Restructuring Agreements and the Other Agreements, which authorization will be in full force and effect at and as of the Closing; and
(vii) such other documents and instruments as Spinco may reasonably request.
LMC. The District and SEA will add a standing agenda item to Labor Management Committee meeting agendas to discuss the increased need for mental health and social emotional supports amongst some SEA-represented staff including school counselors, family support workers, student family advocates, social workers, and school nurses. Staff may be invited to meetings by SEA to share their personal experience and needs.
LMC. At the call of either the Union or the Employer, the Employer and the Union will form a Joint Labor-Management Committee within the judicial district for the continuing purpose of meeting and discussing matters of mutual interest and concern. The judicial district committee shall be comprised of up to three (3) Employer representatives from the district judiciary and/or court administration and up to three (3) Union representatives from the bargaining unit within the judicial district. The number of committee representatives for both the Employer and the Union may be increased upon mutual agreement of the parties. The committee shall be chaired jointly by a representative of the Employer and a representative of the Union. The Committee shall meet as needed at the call of either the Union or the Employer chairperson, not to exceed once per quarter unless otherwise mutually agreed. The Committee shall operate on a recommendation basis only and the Committee Chairs shall mutually determine all questions of process, procedure and agenda content. Union representatives shall be paid regular time for LMC meetings held during the workday. The Employer’s Travel and Reimbursement Policy applies.
LMC. At the Closing, LMC will deliver or cause to be delivered to Splitco:
(i) the Tax Sharing Agreement duly executed by an authorized officer of LMC and Liberty Media LLC;
(ii) the Services Agreement duly executed by an authorized officer of LMC;
(iii) the Facilities Sharing Agreement duly executed by an authorized officer of LMC;
(iv) each Aircraft Time Sharing Agreement duly executed by an authorized officer of Liberty Media LLC (a Subsidiary of LMC);
(v) a secretary’s certificate certifying that the LMC Board has authorized the execution, delivery and performance by LMC of this Agreement, the Restructuring Agreements and the Other Agreements, which authorization will be in full force and effect at and as of the Closing; and
(vi) such other documents and instruments as Splitco may reasonably request.
LMC. At the Closing, LMC will deliver or cause to be delivered to LEI:
(i) the Tax Sharing Agreement duly executed by an authorized officer of LMC; and
(ii) the Services Agreement duly executed by an authorized officer of LMC and
(iii) a secretary's certificate certifying that the LMC Board has authorized the execution, delivery and performance by LMC of this Agreement, the Restructuring Agreements and the Other Agreements, which authorization will be in full force and effect at and as of the Closing.
LMC. At the Closing, LMC will deliver or cause to be delivered to Spinco:
(i) the Tax Sharing Agreement duly executed by an authorized officer of LMC;
(ii) the Services Agreement duly executed by an authorized officer of LMC;
(iii) the Facilities Sharing Agreement duly executed by an authorized officer of Liberty Property Holdings, Inc. and an authorized officer of LMC;
(iv) each Aircraft Time Sharing Agreement duly executed by an officer of LMC or one or more of its Subsidiaries, as applicable;
(v) the Charter Stockholders Agreement Amendment, duly executed by an authorized officer of LMC and an authorized officer of Charter;
(vi) the Voting Agreement Assignment and Assumption Agreement, duly executed by an authorized officer of LMC and an authorized officer of Comcast;
(vii) a secretary’s certificate certifying that the LMC Board has authorized the execution, delivery and performance by LMC of this Agreement, the Restructuring Agreements and the Other Agreements, which authorization will be in full force and effect at and as of the Closing; and
(viii) such other documents and instruments as Spinco may reasonably request.
LMC. The parties understand that this is a work in progress; issues will arise that may require additional adjustments to the collective bargaining agreement and/or current practices (such as overtime in the “short” week, etc.). The parties are committed to continuing to meet and confer in good faith to address any such challenges in order to reach equitable and efficient solutions. The existing provisions and procedures contained in the collective bargaining agreement and this Agreement shall continue to apply unless modified per agreement of the parties.
LMC. The County and the Union agree to meet and discuss issues of common concern during the term of this Agreement. The frequency of such meetings are to be determined by the parties, by mutual agreement, given the issues to be discussed and the schedules of the parties. Though the parties may at any time agree to a different arrangement, for the present the parties agree to meet quarterly at a time and place agreed upon. This may be either during Court time or before or after Court or during lunch time. Meetings may alternate between these times. The Union may be accompanied by up to two shop stewards, who will be paid for this time.
LMC. On November 7, 2019, the Company entered into a transaction with LMC pursuant to which the Company agreed to grant LMC a perpetual and worldwide license to certain intellectual property relating to the Company’s W-15 electric pickup truck platform and its related technology (the “Licensed Intellectual Property”) in exchange for royalties, equity interests in LMC, and other consideration (the “LMC Transaction”). LMC was founded by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, a current stockholder and former Chief Executive Officer and Director of the Company. In connection with the LMC Transaction, the following agreements (collectively, the “Agreements”) were entered into: ● Intellectual Property License Agreement between the Company and LMC (the “License Agreement”); ● Subscription Agreement between the Company and LMC (the “Subscription Agreement”); ● Voting and Registration Rights Agreement among the Company, LMC, and certain LMC stockholders (the “Voting Agreement”); and ● Consent and Waiver to Credit Agreement among the Company, Wilmington Trust, as agent, and the lenders under the Credit Agreement (defined below) (the “Consent and Waiver”). LMC will endeavor to, among other things, raise sufficient third-party capital for the acquisition, retrofitting, and restart of the Lordstown Assembly Complex, and the ongoing operating costs, of which are expected to be significant (the “Capital Raise”). The Agreements provide that LMC would manufacture electric pickup trucks or similar vehicles under 10,001 gross vehicle weight (“GVW”) using the Licensed Intellectual Property (the “Vehicles”). Under the Agreements, LMC has exclusive rights to the Licensed Intellectual Property from the date of the License Agreement until the earliest of: (i) June 30, 2020, if the Capital Raise has not occurred; (ii) the second anniversary of the LMC Transaction, if LMC has not started regularly manufacturing Vehicles; (iii) the third anniversary of the LMC Transaction; and (iv) the date that any third-party automotive manufacturer acquires more than ten percent of LMC’s outstanding common stock. The Licensed Intellectual Property excludes the Company’s intellectual property relating to delivery trucks for last mile delivery or commercial use. LMC will have the right, with limited exceptions, to match the best competing offer as a subcontractor for the Company should need to engage a subcontractor in connection with larger potential production contracts to assemble such vehicles utilizing its existing cap...