Preemptive Clause Clause Samples
A Preemptive Clause grants existing shareholders the right to purchase additional shares before the company offers them to external investors. In practice, when the company issues new shares, current shareholders are given the opportunity to buy a proportional amount to maintain their ownership percentage. This clause primarily protects shareholders from dilution of their ownership and ensures they have a chance to retain their influence in the company.
Preemptive Clause. 1.6.1 Nothing contained in this Agreement is intended to nor shall it conflict or abrogate the powers or duties and responsibilities vested in the Idaho Legislature, State Board of Education or New Plymouth School District Board of Trustees by the laws of the state of Idaho.
Preemptive Clause. Nothing contained in this Negotiation Agreement is intended to or shall conflict with, or abrogate the powers or duties and responsibilities vested in the legislature, State Board of Education, or the Moscow School District Board of Trustees by the laws of the State of Idaho and all federal laws. The Moscow School District Board of Trustees is entitled, without negotiation or reference to any Negotiated Agreement, to notify the Moscow Education Association President and to take immediate action that may be necessary to carry out its responsibility due to situations of emergency or force majeure (sometimes called acts of God). Nothing contained within this passage shall diminish the right of the Board of Trustees of the District to promulgate rules and regulations for the governance of the District as provided by the Idaho Code and federal law.
Preemptive Clause. 1.3.1 Nothing contained in this Agreement is intended to nor shall it conflict with or abrogate the powers or duties and responsibilities vested in the Idaho Legislature, State Board of Education or the Rockland School District Board of Trustees by the laws of the state of Idaho. The Rockland School District is entitled, without negotiation or reference to any Collective Bargaining Agreement (Master Contract), to notify the Rockland Education Association and to take immediate action that may be necessary to carry out its responsibility due to situations of emergency or force majeure. Nothing contained within this passage shall diminish the right of the Board of Trustees of the District to promulgate rules and regulations for the governance of the District as provided by Idaho Code.
1.3.2 The Board is empowered to change policy from time to time as need exists. Such changes, when approved by official Board action, become Board policies and are binding on all parties. When a change in Board policy results in a conflict with this Agreement, the agreement controls and shall be followed for the duration of the contract year.
1.3.3 It is recognized that matters falling under the prerogative of management as a function of administration are not negotiable. Among the prerogatives are the rights to: a. Recruit
Preemptive Clause. Nothing contained in this Agreement is intended to or shall conflict with or abrogate the powers or duties and responsibilities vested in the Idaho Legislature, State Board of Education, or the Mountain Home School District Board of Trustees by the laws of the state of Idaho. The Mountain Home School District is entitled, without negotiation or reference to any Negotiated Agreement, to notify the Mountain Home Education Association and to take immediate action that may be necessary to carry out its responsibility due to situations of emergency or force majeure (sometimes called Acts of God). Nothing contained within this passage shall diminish the right of the Board of Trustees of the District to promulgate rules and regulations for the governance of the District as provided by Idaho Code.