Section 1802 Clause Samples

Section 1802. Trustee and Holders of Debt Securities May Rely on Certificate of Liquidating Agent; Trustee May Require Further Evidence as to Ownership of Senior Debt; Trustee Not Fiduciary to Holders of Senior Debt......................101 Section 1803. Payment Permitted If No Default..............................101 Section 1804. Trustee Not Charged with Knowledge of Prohibition............101 Section 1805. Trustee to Effectuate Subordination..........................102

Section 1802. 26 a) Unused sick leave can be accumulated to a maximum of one thousand two hundred 27 (1,200) hours for forty (40) hour per week employees and one thousand two hundred thirty-seven 28 and one-half (1237.50) hours for forty-one and one-quarter (41.25) hour per week employees. 29 Any sick leave which is accumulated in excess of the hours referenced above shall be used as set 30 forth in paragraph (b) below. 1 b) The employee shall take the excess accumulated sick leave and apply it to the 3 last day of employment when the employee retires and calculated at the rate in existence at the 4 time of retirement. This money could only be dispersed for health insurance premiums for the 5 retiree and/or dependents.

Section 1802. Liquidation; Dissolution; Bankruptcy..................................... 85