Guaranteed Return definition
Guaranteed Return means: teachers upon return shall be placed in a position appropriate to their qualifications and as close as possible to the one which they had at the time the leave was granted. The concept of “guaranteed return” does not abrogate any of the provisions of termination of contract or lay-off which apply to teachers. Operational Guidelines: Applications shall be submitted to the Superintendent of Schools by April if the leave is to commence on September of the same year. The purpose of the leave must be stated by the applicant. Gainful employment during the leave is not prohibited. During leaves of more than one (1) year, accumulation of sick leave and other fringe benefits are only available to teachers participating in out-of-the-country or exchange teaching as approved by the Board. Teaching experience gained during such leave shall be recognized on the same basis as other experience gained outside the Division. Teachers whose applications are approved will receive a leave with a “guaranteed return” as defined above. Teachers will sign a memorandum covering the details of their leave and the memorandum will specify that teachers on leave of absence without pay will be deemed to have tendered their resignation if they do not give five (5) months notice in writing of their intention to return and/or do not return by the date specified. No teacher is entitled to more than three (3) leaves of absence without pay during employment in the Division. Additional leave may be granted at the discretion of the Board. The Division reserves the right to limit the number of teachers on leave of absence without pay to three percent (3%) of the number of teachers on staff. A leave may be on a full or part-time basis provided such leave is taken for a full school year. In exceptional circumstances, and when mutually agreed upon by the Division and the teacher, a leave for less than a school year may be granted.
Guaranteed Return shall have the meaning ascribed to that term in Subsection 8.1 of this Agreement.
Guaranteed Return of any New Investor means the lower of (i) the aggregate purchase price for the portion of Series A Preferred Shares subscribed by such New Investor under the Share Purchase Agreement and then held by such New Investor immediately prior to the consummation of a Qualified IPO plus return on such investment calculated based on 25% per annual compound rate of return; and (ii) 200% of the aggregate purchase price for the portion of Series A Preferred Shares subscribed by such New Investor under the Share Purchase Agreement and then held by such New Investor immediately prior to the consummation of a Qualified IPO.
Examples of Guaranteed Return in a sentence
Any Guaranteed Return received by the SFA must remain in the nonprofit food service account.
The Company may limit purchase payments paid to the Guaranteed Return Fund Accounts (Section 3.4).
Net purchase payments received (see Section 4.3) or amounts transferred from other investment accounts under this contract (see Section 4.4) may be credited to a Guaranteed Return Fund Account (GRF Account).
In addition, if required pursuant to Section 3(d) hereof, Executive shall be entitled to receive the Guaranteed Return Payment, or a portion thereof, if any.
On the closing date set by the Company, the Company shall purchase and pay the Guaranteed Return Price for ▇▇▇▇▇▇▇▇’▇ entire Interest in the Company and ▇▇▇▇▇▇▇▇ shall sell to the Company ▇▇▇▇▇▇▇▇’▇ entire Interest in the Company.
More Definitions of Guaranteed Return
Guaranteed Return means, where at the time of the issue of a financial instrument or policy with a maturity date, all amounts payable in respect of that financial instrument or policy are —
Guaranteed Return means, for the Interest Period, the product of (a) the amount deposited into the Principal Funding Account on the Distribution Date falling in August 2003, (b) the Guaranteed Rate and (c) the actual number of days in the Interest Period divided by 360.
Guaranteed Return means a gross return of 25% per annum calculated on the Subscription Amount (which shall include all interest previously paid to the Bondholder)
Guaranteed Return shall have the meaning ascribed thereto in the Original Agreement.
Guaranteed Return. The SFA and FSMC shall work together to ensure a financially sound operation. The FSMC guarantees that the SFA shall receive a surplus of
Guaranteed Return means that employees upon return shall be placed in a position which, in the opinion of the Superintendent/CEO or designate, is suitable and appropriate to their qualifications and as similar as possible to the one which they had at the time the leave was granted. The concept of "guaranteed return" does not abrogate any provisions for the termination of employment of any employee of the Division.
Guaranteed Return has the meaning set forth above.