Sell, Assign or Delegate Ownership Sample Clauses

Sell, Assign or Delegate Ownership. A. In order to preserve the integrity of the hierarchical structure, it is necessary for Magneceutical Health to place restrictions on the transfer, assignment, or sale of a business. B. A Wellness Advisor may not sell or assign his or her rights or delegate his or her position and business as a Wellness Advisor without prior written approval by the Company, which approval will not be unreasonably withheld. Any attempted sale, assignment, or delegation without such approval may be voided at the discretion of Magneceutical Health. C. Should the sale be approved by Company, the Buyer assumes the position of the Seller at the current qualified title, but at the current “paid as” rank, at the time of the sale and acquires the Seller’s Downline. D. To request corporate authorization for a sale or transfer of a Magneceutical Health business, the following items must be submitted to the Company: I. A Sale/Transfer of Business Form properly completed, with the requisite signatures. II. A copy of the Sales Agreement signed and dated by both Buyer and Seller. III. A Wellness Advisor Agreement completed and signed by the Buyer; IV. Payment of the $400.00 USD administration fee; and V. Any additional supporting documentation requested by Wellness Advisor. E. Any debt obligations that either Seller or Buyer may have with the Company must be satisfied prior to the approval of the sale or transfer of the Magneceutical Health business. F. A Wellness Advisor who sells his or her business is not eligible to re-enroll as a Wellness Advisor in any organization for six (6) full calendar months following the date of the sale except as otherwise expressly set forth in these Policies and Procedures. 11.6
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Sell, Assign or Delegate Ownership. A. In order to preserve the integrity of the hierarchical structure, it is necessary for Magneceutical Health to place restrictions on the transfer, assignment, or sale of a business.
Sample 1
Sell, Assign or Delegate Ownership. A. In order to preserve the integrity of the hierarchical structure, it is necessary for Company to place restrictions on the transfer, assignment, or sale of a position.
Sample 1

Related to Sell, Assign or Delegate Ownership

  • Union Delegate 32.5 Where an Employee is elected by Employees of the Employer as a Union Delegate, and the Union notifies the Employer of this election, the Employee will be classified as the higher of CW4, or the Employees usual classification. In addition, a Union Delegate is entitled to an all- purpose hourly allowance for the life of this agreement as per the table at Appendix 2 – Delegate Allowance.

  • Union Delegates The Employer recognizes the right of the Union to designate Union Delegates who shall be authorized to take up employee or group grievances through the grievance procedure. A Union Delegate who is a bargaining unit employee and is processing a grievance in accordance with the grievance procedure shall be permitted a reasonable time to assist in the resolution of legitimate employee grievances on the Employer's property without loss of pay. Such time off for processing grievances shall be granted by supervision following a request, but in consideration of any job responsibilities.

  • Delegate A person expressly designated to act on behalf of another in certain matters. Department A department, as duly constituted by the Senate and the Board. Emergency (for appointment purposes) An emergency is an unforeseen circumstance for which there is not enough time to follow regular appointment procedure and the program requires that the course be offered. Employer The Board of Trustees of the University. Faculty An academic Faculty (including the School of Business), as duly constituted by the Senate and the Board. Fiscal Year A period of twelve (12) calendar months which commences on the first day of May and ends on the last day of April in the next calendar year, inclusive. For the Record An electronic bulletin board where announcements are made regarding, among other matters, important personnel matters of the University.

  • Other Rights and Obligations of the Authority Upon Termination for any reason whatsoever, the Authority shall:

  • Transfer of rights and obligations 12.1 Lender has the right to transfer all or part of the right in this contract to a third party, the transferring actions do not need to acquire the consent of the borrower. If without the consent of the lender in writing, the borrower cannot transfer any right and obligations in this contract to a third party.

  • No Assignment or Delegation No party may assign any right or delegate any obligation hereunder, including by merger, consolidation, operation of law, or otherwise, without the written consent of the other party. Any purported assignment or delegation without such consent shall be void, in addition to constituting a material breach of this Agreement.

  • Taxes and Fees Imposed Directly On Either Providing Party or Purchasing Party 11.2.1 Taxes and fees imposed on the providing Party, which are not permitted or required to be passed on by the providing Party to its customer, shall be borne and paid by the providing Party.

  • RESIDENCY RIGHTS NEITHER SHARABLE NOR TRANSFERABLE BY RESIDENTS Residence accommodations, including bedroom space, shared common areas (such as living rooms and bathrooms) and shared community facilities (such as floor community rooms and laundries) may only be occupied by the resident to whom the room is assigned. Residence accommodations shall not be shared with any other individual not officially assigned to that residence by UCF DHRL, and may not be sublet, assigned, or in any way transferred by the Student.

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent.

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