With Binding Commitment Sample Clauses
The 'With Binding Commitment' clause establishes that the parties involved are legally obligated to fulfill the terms agreed upon in the contract. In practice, this means that once the agreement is executed, both sides are required to perform their respective duties, such as delivering goods, providing services, or making payments, as specified in the contract. This clause ensures that the agreement is enforceable in a court of law, providing certainty and security to both parties by preventing either side from backing out without consequence.
With Binding Commitment. Intermittent budgetary leave may be granted (subject to the business needs of the Department) if requested by the employee in writing no later than thirty
With Binding Commitment. Intermittent budgetary leave shall be granted (subject to the business needs of the Department) if requested by the employee in writing on or before November 1st for leave to be taken in the following payroll year. The written request must specify the number of days of unpaid leave to be taken by the employee. Once the request is received by the Employer, the employee must take unpaid leave in the amount requested, unless the Employer in its sole discretion, agrees. To take the time off, the employee shall notify the Employer at least 30 days before the beginning of the 28-day scheduling period of the days they want off during that scheduling period. Requests for leave made on less than 30 days’ notice may be granted or denied by the Employer on the same terms as a request for vacation, however, the Employer shall use its best efforts to accommodate the requests of the Employee. If the Employee has not exhausted their leave or designated the days on which they will be off on or before September 1, the Employer may schedule the time off at its discretion, but shall attempt to do on days mutually agreeable to the employee.
With Binding Commitment. Intermittent budgetary leave may be granted (subject to the business needs of the Department) if requested by the employee in writing no later than thirty (30) days prior to the commencement of the first segment of such leave. The employee shall notify the Employer at least thirty (30) days before the first day of each segment of the leave. Requests for leave made on less than thirty (30) days’ notice may be granted or denied by the Employer on the same terms as a request for vacation; however, the Employer shall use its best efforts to accommodate the requests of the Employee. The written request must specify the number of days of unpaid leave to be taken by the employee. Once the Employer approves the request, the employee must take unpaid leave in the amount approved unless the Employer, in its sole discretion, agrees to rescind or cancel the leave. If the Employee has not exhausted his/her leave or designated the days on which he/she will be off on or before September 1, the Employer may schedule the time off at its discretion, but shall attempt to do so on days mutually agreeable to the employee. Employees who request budgetary leave with a "binding commitment" may request a portion of their hours actually worked be banked for use during budgetary leave using a form designated by the Employer. The Employer shall be responsible for maintaining a record of each employee’s “bank”. In such case, the employee shall draw upon the budgetary leave bank during the time of leave. For exempt employees, such budgetary leave must be in full-day increments. Employees may accrue a negative balance in the “bank” not to exceed ten (10) days. Such amount shall not exceed the total amount to be banked during that calendar year. Employees separating from service prior to the end of the calendar year will be required to refund any negative amount in the “bank.”