Purpose of Section Sample Clauses

Purpose of Section. This Section is intended to insure that the Plan complies with Code Section 401(d). Any ambiguity herein will be construed to that end, and this Article will override any other provision of the Plan with which it may be inconsistent.
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Purpose of Section. This Article is intended to insure that the Plan complies with Code Section 416. If the Plan is or becomes Top-Heavy in any Plan Year, the provisions of this Section will supersede any conflicting provision in the Plan.
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Purpose of Section. Grievance procedures for employees are provided herein to:
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Purpose of Section. The sole purpose of this Section shall be to provide a basis for the computation of straight time, overtime and other premium wages. Nothing contained in this Section shall be construed as a guarantee or commitment by the Company to any Associate for a minimum or maximum number of hours of work per day, per week, or per year. The Company's pay records, practices and procedures shall govern the payment of all wages. Nothing in this Collective Bargaining Agreement shall be construed so as to prohibit the Company from implementing overlapping shifts and a thirty (30) minute unpaid lunch period. 24/7 Work Schedule: The seven (7) day, 24/7 work schedule utilizes four (4) fixed shifts (A & B day shifts/C & D night shifts), three (3) regular twelve (12) hour workdays and one (1) regular six (6) hour workday per workweek, regular scheduled days off and every other weekend off. This 24/7 work schedule will be posted and distributed to all 24/7 Associates each December. Associates assigned to this seven (7) day schedule will work a regular workweek of four (4) shifts, forty-two (42) hours, consisting of three (3), twelve (12) hour shifts and one six (6) hour shift. Normal shift starting time for twelve (12) hour A and B shifts is 7:00 a.m. Normal shift starting time for twelve (12) hour C & D shifts is 7:00 p.m. Normal Wednesday shift starting time for six (6) hour shifts is C shift – 7:00 p.m. (Tuesday), D shift – 1:00 a.m., A shift – 7:00 a.m., B shift – 1:00 p.m.
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Purpose of Section. This Section is intended to apply for the benefit of Participant prior to the time Shares held by the Participant are freely transferable under applicable federal and state securities laws without the Participant holding the Shares for a minimum period of time (e.g., the holding period requirement of Rule 144 adopted by the Securities and Exchange Commission under the Securities Act). More specifically, if the Participant holds an unvested Option, he or she may commence this holding period for the Shares subject to the Option by exercising the unvested Option and receiving Shares of restricted stock which will Vest on the same date as the Option would have Vested. In this way, the Participant is able to begin the holding period for the Shares prior to the date the Option would have Vested.
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Purpose of Section. It is the intent of the parties that holiday pay, as hereinafter established, is intended to insure that all Deck Officers, whether they work on a holiday or not, shall receive an additional day’s pay for every holiday. The provisions of Rule 11 shall apply to all instances where the Deck Officer is not on leave without pay.
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Purpose of Section. 19 22.02 Control ................................................... 19 22.03 Limitations ............................................... 19
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Purpose of Section. 19 23.02 Definitions .............................................. 19 23.03
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Related to Purpose of Section

  • Amendment of Section 9.2. Section 9.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows:

  • Amendment of Section 4 6. Pursuant to Section 9.2 of the Indenture, Section 4.6(a) of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Amendment of Section 8 13(a). Section 8.13(a) of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment of Section 3 Section 3 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: Term. Unless otherwise terminated in accordance with Sections 8, 9, 10 or 11, the Employment Term shall be for a term ending April 30, 2015. This Agreement shall be automatically renewed for successive additional Employment Terms of one (1) year each unless notice of termination is given in writing by either party to the other party at least thirty (30) days prior to the expiration of the initial Employment Term or any renewal Employment Term.

  • Amendment of Section 9 03. In respect of the 2018 Notes only, the provisions of Section 9.03 of the Indenture are amended by deleting the text of such Section in its entirety and inserting in lieu thereof the phrase “[intentionally omitted]”. Such provisions shall be deemed not to have been deleted in respect of the 2021 Notes.

  • Amendment of Section 1 Section 1 of the Rights Agreement is supplemented to add the following definitions in the appropriate locations:

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 5 05. Section 5.05 of the Original Agreement is hereby amended and restated as follows:

  • Amendment of Section 7 1.11. Section 7.1.11 of the Credit Agreement is hereby amended and restated in its entirety to the following:

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