OCIS definition
Examples of OCIS in a sentence
While TJC will work with the OCIS to develop the teach out plan, only the College may submit the teach-out agreement to SACSCOC for approval.
A teach-out agreement is a written agreement between institutions that provides for the equitable treatment of students and a reasonable opportunity for students to complete their program of study if an institution, or an OCIS ceases to operate before all enrolled students have completed their program of study.
DISCONTINUATION OF THE OFF-CAMPUS INSTRUCTIONAL SITE: Should the School District or the College elect to discontinue the operation of the dual credit program as an Off-Campus Instructional Site (OCIS), SACSCOC requires a provision for serving the dual credit students currently enrolled in the program.
All Authorizations relating to the business of OCIS or the OCIS Subsidiary are in full force and effect, no violations have been made in respect thereof, and no proceeding is pending or threatened which could have the effect of revoking or limiting any such Authorizations and the same will not cease to remain in full force and effect by reason of the transactions contemplated by this Agreement.
The Company has a standstill deposit of $100,000 with OCIS as of the date of this Agreement.
Neither OCIS nor the OCIS Subsidiary have presently nor have they ever had any employee benefit plans and have no announced plan or legally binding commitment to create any employee benefit plans.
The Company and the Shareholders have duly executed and delivered this Agreement to OCIS, and all corporate action required to consummate the Merger and the transactions contemplated hereby shall have been duly and validly taken.
Set forth in Section 3.12 of the OCIS Disclosure Schedule is a complete list of all material documents to which OCIS or the OCIS Subsidiary is a party.
Set forth in Section 3.11 of the OCIS Disclosure Schedule is a list of property leased by OCIS.
Immediately prior to the Effective Time there shall be 1,600,000 OCIS Shares issued and outstanding, subject to adjustment as provided above.