Junior Management definition

Junior Management means an employee of the Measured Entity who is a member of the occupational category of “Junior Management” as determined using the Employment Equity Regulations. “Large Enterprise” means a Measured Entity with a total annual Revenue equal to or more than R50 million if it is a Contractor or equal to or more that R25 million if it is a BEP. “Learnership” means a work-based route to a qualification. It is a workplace education and training programme comprising both structured practical workplace (on-the-job) experience and structured theoretical training. “Learning Programmes” means any learning programme set out in the learning Programme Matrix “Learning Programme Matrix” means the Learning Programme Matrix annexed as Annexe CSC300 (A) in statement CSC300. “Leviable Amount” bears the meaning as defined in the Skills Development Levies Act of 1999 as determined using the Fourth Schedule to the Income Tax Act. “Management Fees” means the total Economic Interest received by a Broad-Based Ownership Scheme or Black participants in any year less the amounts distributed or applied to beneficiaries and the amounts reserved for the future distribution or application. “Mandated Investment” means any investments made by or through any third party regulated by South African legislation on behalf of the actual owner of the funds, pursuant to a mandate given by the owner to a third party, which mandate is governed by that legislation. Some examples of domestic mandated investments and the portions ofthose investments subject to the exclusion principle are contained in Annexe CSC100A attached to statement CSC100. “Measured Entity” means an Entity as well as an organ of state or public entity subject to measurement under the Codes. “Measurement Period” means, subject to the following, the financial period of the Measured Entity:(a) The financial period of a Measured Entity is a period of 12 consecutive calendar months;(b) Where however the Measured Entity amended its financial reporting period from one year to another the financial period may, for that particular year in question, be more or less than 12 consecutive months. In such exceptional cases the Measured Entity may at its discretion elect to be measured for the amended financial period (however many months it may include) or the 12 months ending on the last day of the amended financial period. For purposes of determining its classification as an EME, QSE or Large Enterprise the Measured Entity must however, irres...

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Junior Management means employees who are categorised as “Skilled technical and academically qualified workers, junior management, supervisors, foremen, and superintendents”.

Junior Management means the level of management below middle management and includes academically qualified workers who possess technical knowledge and experience in their chosen field;

Examples of Junior Management in a sentence

The exercise by each Exercising Purchaser shall be irrevocable except as hereinafter provided, and each such Exercising Purchaser shall be bound and obligated to acquire such amount of Junior Management Option-Eligible Shares as such Exercising Purchaser shall have specified in such Exercising Purchaser's written commitment.
The closing of the purchase pursuant to the Junior Management Option (the "Junior Management Closing") shall occur contemporaneously with and subject to the consummation of the Liquidity Event.
The Junior Management Options shall terminate on the earlier of (i) the twelfth anniversary of the date hereof and (ii) immediately following the consummation of the initial Liquidity Event.
CSFB and the Junior Management Investors shall have the option to purchase certain of the Option-Eligible Shares on the terms and conditions set forth in this Section 5.
Upon any transfer of Option-Eligible Shares other than upon exercise of a Junior Management Option, the transferring holder shall provide to the Junior Management Initial Investors and the Company a statement setting forth the number of Option-Eligible Shares transferred and the name and address of the transferee and a statement signed by the transferee acknowledging that the transferred Option-Eligible Shares shall continue to be subject to the Junior Management Options hereunder.
Upon execution of the Joinder and Supplement by each Junior Management Initial Investor, Schedule 5.1 shall be amended to set forth the number of Option-Eligible Shares subject to the Junior Management Option of such Junior Management Initial Investor.
In the event that an Exercising Purchaser elects to purchase less than the total number of Junior Management Option- Eligible Shares which are subject to his or her Junior Management Option, such Junior Management Investor shall be deemed to have waived all of his or her rights with respect to the remaining Junior Management Option-Eligible Shares, and his or her Junior Management Option shall terminate as to the remaining Junior Management Option- Eligible Shares upon consummation of the Liquidity Event.
In the event of any change in the number of issued and outstanding shares of Common Stock by reason of any stock dividend, split-up or combination of shares, the number and kind of shares subject to the Junior Management Options, and the Purchase Price, shall be appropriately adjusted.
No Junior Management Initial Investor who is not employed by the Company or one of its Affiliates at the time of consummation of the Liquidity Event may exercise his or her Junior Management Option with respect to any unvested Junior Management Option-Eligible Shares.
Each Junior Management Initial Investor who has not so elected to exercise his or her Junior Management Option shall be deemed to have waived all of his or her rights with respect to such Junior Management Option, and his or her Junior Management Option shall terminate upon consummation of the Liquidity Event.

More Definitions of Junior Management

Junior Management means an employee of the Measured Entity who is a member of the occupational category under “Junior Management” as determined using the Employment Equity regulations.

Junior Management means employees who are categorised as “Skilled technical and academically qualified workers, junior management, supervisors, foremen, and superintendents”. “Core and Critical Skills” are defined as all occupations stipulated in Form S, in particular the Mining, Engineering, Mineral Resources Management and Metallurgy disciplines. The West Wits operation comprises the following business units: Mponeng Mine, TauTona Mine, Savuka Mine, West Wits Metallurgy, West Wits AGA Health, West Wits SA Regional Services, the South Africa Region Operations (SARO) in West Wits and the West Wits Corporate Office portion which is proportionately divided between the West Wits and Vaal River Operations. The first three (3) years of the employment equity targets of the West Wits Region are aligned to the company’s Successive Employment Equity Plan submitted to the Department of Labour in accordance with Section 23 of EE Act. The Mining Charter scorecard requirements are indicated below along with the AGA WW (inclusive of Corporate Office) compliance as at end December 2015: SCORECARD FOR THE BROAD-BASED SOCIO-ECONOMIC EMPOWEREMENT CHARTER FOR THE SOUTH AFRICAN MINING INDUSTRY - WEST WITS OPERATIONS AS AT 31 DECEMBER 2015 No. ELEMENT DESCRIPTION MEASURE COMPLIANCE TARGET BY 2015 PROGRESS ACHIEVED BY 31 DECEMBER 2015 5 Employment Equity Diversification of the workplace to reflect the country's demographics to attain competitiveness. Board Level 40% 46% Top Management (F Band) 40% 50% Senior Management (E Band) 40% 40%. Middle Management 40% 53% Junior Management 40% 62% Note by AGA :Actuals adapted to correct any white female representation over 6% Core Skills 40% 54% The following three (3) tables depict the AGA Board of Directors, AGA Top Management level (EXCO) based at Corporate Office in Johannesburg, and the SA Region Management Committee (MANCOM) consisting of Senior Vice Presidents and Vice Presidents based mainly at South Africa Region Operations (SARO) in West Wits.

Junior Management. * means an employee of the Measured Entity who is a member of the occupational category of ‘Junior Management’ as determined using the Employment Equity reg- ulations.

Junior Management means an employee of the Measured Entity who is a member of the occupational category of 'Junior Management' as determined using the Employment Equity Regulations. 'Large Enterprise' means a Measured Entity with a total annual Revenue equal to or more than R50 million if it is a Contractor or equal to or more that [sic] R25 million if it is a BEP.

Junior Management means the level of management below middle