LMC Committee definition
Examples of LMC Committee in a sentence
Members will receive up to two (2) hours pay per month, unless otherwise approved, for pursuit of sanctioned LMC Committee responsibilities.
The Company shall pay LMC Committee members at straight time rates for all time spent in LMC meetings and the appropriate overtime rate for all hours over 8 hours in a day and 40 hours in a week.
Bargaining unit members appointed to serve on the Umbrella LMC Committee shall be paid for attending the meetings.
Subcommittees shall study the issue(s) assigned to them and their findings and suggestions to the Umbrella LMC Committee.
Guests at meetings will be agreed upon by the LMC Committee prior to the meetings.
The LMC Committee reserved the right to change the pricing methodology.
The Umbrella LMC Committee shall meet a minimum of once a month for nine months (September through May) each year unless date changes are agreed upon by both sides.
The LMC Committee used the VWAP of the LMI Series A Stock as of the date of the meeting (the “Value”), which was $36.09, to establish the exercise price of the LMI Options, based on the Committee’s good faith determination at that time that this price was a reasonable reflection of the fair market value of the LMI Series A Stock immediately following the Spin-Off.
Labor Management Committee (LMC Committee) will discuss overtime as concerns develop.
The LMC Committee will annually review the district's discipline/consequence policy and make it uniformly applied in all schools within the district.