Term Limitation Sample Clauses

Term Limitation. If term employment of an employee extends beyond five (5) years in the aggregate, the employee will be granted non-pro- bationary indeterminate employment status. The employee’s seniority shall then date back to the original date of hire. Unless otherwise provided in this Agreement, term employees shall be entitled to all provisions provided under this Agreement. Pension and Benefit Coverage
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Term Limitation. FRANCHISEE shall limit the terms of customer subscription orders to no longer than the remaining term of this Agreement.
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Term Limitation. Notwithstanding any other provision relating to the Expansion Option, Tenant shall not be entitled to exercise the Expansion Option if the remaining Term under the Lease (not including unexercised options to extend the Term) is less than one (1) year.
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Term Limitation. Notwithstanding any other provision relating to the Expansion Right, Tenant shall not be entitled to exercise the Expansion Right if the remaining Term under the Lease (not including unexercised options to extend the Term) is less than one (1) year.
Sample 1
Term Limitation. If term employment of an employee extends beyond five (5) years in the aggregate, the employee will be granted non-probationary indeterminate employment status. The employee’s seniority shall then date back to the original date of hire. Term employees hired prior to the parties reaching agreement on a collective agreement shall not be affected by the change in the qualifying period to five (5) years but rather shall have their rights under this article determined as if the three (3) year period still applied. Unless otherwise provided in this Agreement, term employees shall be entitled to all provisions provided under this Agreement. Pension and Benefit Coverage Term employees may be eligible to participate in the benefit and life insurance plans provided under this Agreement, in accordance with the terms of the plans, if initially hired for a period in excess of six (6) months, or when their initial term is extended beyond six (6) months, subject to the respective qualification period( Term employees are not eligible to participate in the pension plan. Subject to the provisions of Clause above, term part-time employees who may be entitled to participate in the benefit and life insurance plans, shall participate in accordance with the terms of the plans, subject to current premium cost-sharing for life insurance and long term disability. Overtime For term full-time employees, overtime will be paid for work performed: on a designated paid holiday, or in excess or outside of their normal scheduled daily hours of work, or in excess of their normal scheduled weekly hours of work as prescribed by Article Hours of Work, or on an employee’s day of rest. For term part-time employees, overtime will be paid for work performed: on a designated paid holiday, or in excess or outside of their normal scheduled daily or weekly hours of work prescribed by Article Hours of Work, or in excess of thirty (30) hours per week. The overtime rate of pay shall be equal to the rates provided to employees as prescribed by Article Overtime. Part-time employees shall have the right to decline work beyond their regularly scheduled daily or weekly hours, provided the Employer shall have the right to assign work to the junior qualified part time employee available to perform the required work. In no case will the Employer use a part time employee to replace a time employee. (e.g. to make a full time position into two or more part time positions) Designated Holidays Term part-time employee...
Sample 1
Term Limitation. If term employment of an employee extends beyond three (3) years in the aggregate, the employee will be granted non- probationary indeterminate employment status. The employee’s seniority shall then date back to the original date of hire. Unless otherwise provided in this Agreement, term employees shall be entitled to all provisions provided under this Agreement. Pension and Benefit Coverage
Sample 1

Related to Term Limitation

  • ANNUAL LIMITATION Notwithstanding anything contained in this Agreement to the contrary, and with respect to each Tax Year of the Tax Limitation Period beginning after the first Tax Year of the Tax Limitation Period, in no event shall (i) the sum of the maintenance and operations ad valorem taxes paid by the Applicant to the District for such Tax Year, plus the sum of all payments otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement with respect to such Tax Year, exceed (ii) the amount of the maintenance and operations ad valorem taxes that the Applicant would have paid to the District for such Tax Year (determined by using the District’s actual maintenance and operations tax rate for such Tax Year) if the Parties had not entered into this Agreement. The calculation and comparison of the amounts described in clauses (i) and (ii) of the preceding sentence shall be included in all calculations made pursuant to Article IV of this Agreement, and in the event the sum of the amounts described in said clause (i) exceeds the amount described in said clause (ii), then the payments otherwise due from the Applicant to the District under Articles IV, V, and VI shall be reduced until such excess is eliminated.

  • Conversion Limitations The Company shall not effect any conversion of this Debenture, and a Holder shall not have the right to convert any portion of this Debenture, to the extent that after giving effect to the conversion set forth on the applicable Notice of Conversion, the Holder (together with the Holder’s Affiliates, and any other person or entity acting as a group together with the Holder or any of the Holder’s Affiliates) would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of this Debenture with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are issuable upon (A) conversion of the remaining, unconverted principal amount of this Debenture beneficially owned by the Holder or any of its Affiliates and (B) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company subject to a limitation on conversion or exercise analogous to the limitation contained herein (including, without limitation, any other Debentures or the Warrants) beneficially owned by the Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of this Section 4(c), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. To the extent that the limitation contained in this Section 4(c) applies, the determination of whether this Debenture is convertible (in relation to other securities owned by the Holder together with any Affiliates) and of which principal amount of this Debenture is convertible shall be in the sole discretion of the Holder, and the submission of a Notice of Conversion shall be deemed to be the Holder’s determination of whether this Debenture may be converted (in relation to other securities owned by the Holder together with any Affiliates) and which principal amount of this Debenture is convertible, in each case subject to the Beneficial Ownership Limitation. To ensure compliance with this restriction, the Holder will be deemed to represent to the Company each time it delivers a Notice of Conversion that such Notice of Conversion has not violated the restrictions set forth in this paragraph and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 4(c), in determining the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock as stated in the most recent of the following: (A) the Company’s most recent periodic or annual report, as the case may be; (B) a more recent public announcement by the Company; or (C) a more recent notice by the Company or the Company’s transfer agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Debenture, by the Holder or its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of this Debenture held by the Holder. The Holder, upon not less than 61 days’ prior notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 4(c), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon conversion of this Debenture held by the Holder and the Beneficial Ownership Limitation provisions of this Section 4(c) shall continue to apply. Any such increase or decrease will not be effective until the 61st day after such notice is delivered to the Company. The Beneficial Ownership Limitation provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 4(c) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation contained herein or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Debenture.

  • TAX LIMITATION So long as the Applicant makes the Qualified Investment as required by Section 2.5, during the Qualifying Time Period, and unless this Agreement has been terminated as provided herein before such Tax Year, on January 1 of each Tax Year of the Tax Limitation Period, the Appraised Value of the Applicant’s Qualified Property for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of:

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