Restructuring Process Clause Samples
Restructuring Process a. There shall be an initial presentation to the school staff as a whole at a regularly scheduled faculty meeting and/or during staff development days.
b. Following the initial presentation, the staff may engage in any of the following activities or others:
1) divide into issue-oriented groups which will study and report back to the staff as a whole;
2) schedule in-service sessions for certificated staff with presentations from the District and Association;
3) self-educate through reading and discussion along with observation of classes and visitations of programs at other schools.
c. When a proposal is thoroughly developed and discussed by all unit members as a whole at a site, the site unit members will declare whether or not they are affected by the proposal. FAC shall conduct a secret ballot vote for affected members to be held within a five (5) working-day period to determine whether or not the proposal will be approved for implementation. The proposal shall be implemented if a minimum of sixty-six percent (66%) of those voting indicate that they concur with the proposal.
Restructuring Process. Where the provisions of this Agreement and the Term Sheet refer or apply to the Chapter 11 Cases, the Bankruptcy Court, and/or the Plan (including the Definitive Documents and any other documentation relating or relevant thereto) or events, circumstances, or procedures in the United States (the “US Process”) but do not equally reference or apply to (a) the Irish Examinership Proceedings, the High Court of Ireland, and/or the Scheme of Arrangement (including the Definitive Documents or any other documentation relating or relevant thereto) or equivalent events, circumstances, or procedures in Ireland (the “Irish Process”) or (b) the Recognition Proceedings, the Ontario Superior Court of Justice (Commercial List), and/or the order(s) recognizing the Plan in Canada (including the Definitive Documents or any other documentation relating or relevant thereto) or equivalent events, circumstances, or procedures in Canada (the “Canadian Process”), those provisions relating to the US Process shall be deemed to apply or refer equally to the Irish Process and the Canadian Process (and, if necessary, this Agreement and the Term Sheet will be deemed to include provisions relating to the Irish Process and Canadian Process which correspond to provisions relating to the US Process) to ensure that the rights and obligations of the Parties under this Agreement apply equally to the Irish Process and Canadian Process in the same way as the US Process, to the fullest extent necessary in order to implement the Restructuring in accordance with the terms, spirit, and intent of this Agreement and the Term Sheet.