Examples of Exchange Time in a sentence
Exchange Time allows an employee to request time off during a scheduled workday to be made up within the workweek (Sunday through Saturday).
Granting of Exchange Time will be subject to business needs as determined by the Company.
Granting of Exchange Time will be at the Company’s discretion, but will not be granted or denied arbitrarily and shall be based upon such factors as the Company, in its judgment, believes relevant, including the needs of the business.
The Stockholders shall have the right, in its sole discretion, to designate in writing on Exhibit B hereto to Parent at any time prior to the Exchange Time specific Owned Shares held by the Stockholder that are intended to treated as Rollover Shares.
Immediately upon such action by the Board of Directors (the "Exchange Time"), the right to exercise the Rights will terminate and each Right will thereafter represent only the right to receive a number of shares of Common Stock equal to the Exchange Ratio.