Contract Status Sample Clauses

Contract Status. The parties acknowledge that this Agreement and each Contract entered into pursuant to this Agreement are each a “securities contract”, “swap agreement,” “forward contract,” or “commodity contract” within the meaning of the United States Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”) and that each delivery, transfer, payment and grant of a security interest made or required to be made hereunder or thereunder or contemplated hereby or thereby or made, required to be made or contemplated in connection herewith or therewith is a “transfer” and a “margin payment” or a “settlement payment” within the meaning of Sections 362(b)(6),(7),(17) and/or (27) and Sections 546(e), (f), (g) and/or (j) of the Bankruptcy Code. The parties further acknowledge that this Agreement is a “master netting agreement” within the meaning of the Bankruptcy Code and a “netting contract” within the meaning of the Federal Deposit Insurance Corporation Improvement Act of 1991.
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Contract Status. A unit member on a limited contract who has been granted a leave of absence prior to the second semester will have his/her contract run concurrent with the leave. If the contract expires during the leave or if the leave and contract terminate at the same time, the unit member shall be granted an additional one (1) year limited contract. The unit member will return to the appropriate limited contract sequence following a successful evaluation under this one (1) year limited contract.
Contract Status. The service of a Retired Temporary Unit Member shall not be included in computing the service required as a prerequisite to attainment of, or eligibility for, classification as a permanent employee of the District and are subject to the Ed Code sections related to Temporary Employment Status.
Contract Status. Upon return to duty, at the expiration of the leave of absence, the person shall resume the contract status he had prior to such leave.
Contract Status. 1. Upon the return to service at the expiration of a parental leave of absence, the Unit Member shall resume the contract status held prior to such leave.
Contract Status. 1. All teachers appointed by the Board to the teaching staff of the District shall be appointed on a continuing contract of employment, except for:
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Contract Status. A. A bargaining unit member will be granted a limited contract or a continuing contract. To be eligible for a continuing contract, a bargaining unit member must have held an Ohio educator’s license for at least seven (7) years, have taught in the District for at least three (3) of the last five (5) years, and have either a professional, permanent, or life certificate or a Professional License with the required hours. Notwithstanding Section 3319.11(B) of the Ohio Revised Code, a new bargaining unit member who has previously been issued a continuing contract by another district may, at the discretion of the Board, be deemed eligible for a continuing contract after two years, but shall otherwise be ineligible for continuing contract status until such time as his or her three (3)-year probationary period is fully completed (that is, the fourth year of employment).
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