Replacement Rights definition

Replacement Rights has the meaning set forth in Section 2.09(a).
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Replacement Rights. Any teacher, who is qualified as defined in Section 2, Subd. 2, of this Article, placed on unrequested leave of absence, whether or not a member of the appropriate unit, may elect to displace the least senior teacher on the seniority list who is employed in a position for which both are certified by the MDE. To be considered as a certified teacher, a teacher must have filed a certification of license in the Office of Human Resources by March 1 preceding the year in which the unrequested leave is to take place.
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Replacement Rights means the rights of NPI LTIP Participants to acquire Units (or after January 1, 2011, Common Shares) for no additional payment, on or after the Conversion Date.
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Examples of Replacement Rights in a sentence

  • The Borrower is not in default under or in breach of any term or condition of any Material Project Document that would have, either individually or in the aggregate, a Material Adverse Effect, nor is the Borrower aware of any default under or breach of any term or condition of any Material Project Document by any other party thereto other than as it relates to any Material Project Document for which the Borrower is exercising its Replacement Rights.

  • The court also allowed Trisha to claim the two youngest children and Emilio to claim the two oldest children as deductions on their federal and state income tax returns.

  • If a holder of LTI’s rejects the offer of Replacement Rights, then that person will have their LTI’s cancelled for an amount per LTI which is equal to the Offer Price.The Company and ROC have agreed that either the Bidder shall or ROC shall (at ROC’s election) make offers by private treaty to persons holding options exercisable into ROC Shares which are subject to the conditions set out above being satisfied, and the Bidder has acquired an interest in 90% or more of the ROC Shares.

  • If the parties cannot agree the terms of the Replacement Plan or Replacement Rights within one month after the date of this agreement, either party may require that a partner from KPMG Australia ( Expert) be appointed to act as an expert to determine the terms of the Replacement Plan and the Replacement Rights.

  • The Borrower has not sold, assigned, created a Lien over (other than Permitted Liens) or otherwise disposed of any Material Project Document or any right, title or interest therein, other than pursuant to the expiry of its term or in respect of any Material Project Document whereby the Borrower is exercising its Replacement Rights.

  • Such Replacement Rights must be granted within one month or such shorter timeframe as payments are being made under the Offer after receipt by ROC of the acceptance by the Ineligible Holder.

  • In accordance with section 724(2) of the Corporations Act, if you applied for Shares under the Rights Issue Prospectus dated 4 October 2022 or Replacement Rights Issue Prospectus dated 17 October 2022 (Existing Applicant), you may withdraw your application and be repaid your application monies, provided you give the Company written notice of your wish to do so by 3 December 2022.

  • The Consulting Organization is and throughout this Agreement shall be an independent contractor and not an employee, partner or agent of Company.

  • In accordance with section 724(2) of the Corporations Act, if you applied for Shares under the Rights Issue Prospectus dated 4 October 2022, Replacement Rights Issue Prospectus dated 17 October 2022 or the Second Replacement Rights Issued Prospectus dated 3 November 2022 (Existing Applicant), you may withdraw your application and be repaid your application monies, provided you give the Company written notice of your wish to do so by 4 December 2022.

  • Any Options that are not assumed or replaced by Replacement Rights, exercised, or cashed out prior to or concurrent with a Change of Control (including, without limitation, any Options that are not exercisable as of the effective date of the Change of Control) will terminate effective upon the Change of Control or at such other time as the Board deems appropriate, unless otherwise expressly provided in any applicable Grant Agreement.


More Definitions of Replacement Rights

Replacement Rights has the meaning set forth in Section 2.09(a). 2019 Term Loan Agreement
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Replacement Rights means, in respect of a Material Project Document which is terminated or rescinded following a default or breach of any term or condition thereof, the replacement of such Material Project Document by an Obligor (other than a Sponsor Group Member) with a legal, valid, binding and enforceable document which is equivalent in effect to such Material Project Document, in form and substance acceptable to the Administrative Agent (on the instruction of the Majority Lenders), within 30 days of such termination or rescission (provided such grace period only applies if the Borrower actively cooperates with the Administrative Agent to so replace such Material Project Document).
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Replacement Rights means the rights of NPI LTIP Participants to acquire Common Shares for no additional payment, on or after January 16, 2012.
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Related to Replacement Rights

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Replacement Option has the meaning set forth in Section 3.06.

  • replacement grant means an option that a reasonable person would consider to be granted in relation to a prior or potential cancellation of an option;

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Replacement Facility means 1 of the following:

  • Replacement unit means a landfill, surface impoundment, or waste pile unit (1) from which all or substantially all of the waste is removed, and (2) that is subsequently reused to treat, store, or dispose of hazardous waste. “Replacement unit” does not apply to a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with an approved closure plan or EPA or State approved corrective action.

  • Replacement Airframe means any airframe substituted for the Airframe pursuant to Article IV of the Trust Indenture.

  • Adjustment Right means any right granted with respect to any securities issued in connection with, or with respect to, any issuance or sale (or deemed issuance or sale in accordance with Section 2) of shares of Common Stock (other than rights of the type described in Section 3 and 4 hereof) that could result in a decrease in the net consideration received by the Company in connection with, or with respect to, such securities (including, without limitation, any cash settlement rights, cash adjustment or other similar rights).

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Replacement Price Section 1.51 is amended by (i) adding the phrase “for delivery” immediately before the phrase “at the Delivery Point” in the second line and (ii) deleting the phrase “at Buyer’s option” from the fifth line and replacing it with the phrase “absent a purchase”.

  • Appurtenant Rights means (i) all agreements, easements, rights of way or use, rights of ingress or egress, privileges, appurtenances, tenements, hereditaments and other rights and benefits at any time belonging or pertaining to the Land or the Improvements, including, without limitation, the use of any streets, ways, alleys, vaults or strips of land adjoining, abutting, adjacent or contiguous to the Land and (ii) all permits, licenses and rights, whether or not of record, appurtenant to the Land.

  • Replacement Candidate means any Candidate Introduced by the Agency to the Client to fill the Engagement following the Introduction of another Candidate whose Engagement either did not commence or was terminated during the first 12 weeks of the Engagement;

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • Replacement Notice is defined in Section 4.11.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Replacement Notes means Notes issued to the Beneficial Owners of the Notes in accordance with Article II hereof.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Sub-Contractor means a sub-contractor of the Replacement Supplier to whom Transferring Supplier Employees will transfer on a Service Transfer Date (or any sub-contractor of any such sub-contractor);