Membership Option Sample Clauses

Membership Option. All full-time and part-time nurses who are members of the Association, or who agree to pay a fee for collective bargaining service, at the time of ratification of this Agreement, and all full-time and part-time nurses who voluntarily join the Association, or who agree to pay a fee for collective bargaining service, during the term of this Agreement must retain that status in good standing as a condition of continued employment. All full-time and part-time nurses hired after April 30, 2004, shall have thirty (30) calendar days from the date of employment (hire) in which to give written notice by certified mail to the Association of their intention not to join the Association (such notice must be postmarked within thirty (30) calendar days of hire, and a copy furnished to the Hospital). If the newly employed nurse fails to exercise the foregoing option within thirty (30) calendar days, then said nurse shall be required to become and remain a member of the Association in good standing within thirty-one (31) calendar days of employment (hire) as a condition of continued employment. Good standing is herein defined as the tendering of the Association dues or service fees on a timely basis. Nurses who fail to comply with this requirement shall be discharged by the Hospital within thirty (30) calendar days after receipt of written notice to the Hospital from the Association unless the nurse fulfills the membership or service fee obligation set forth in this Agreement within that thirty
AutoNDA by SimpleDocs
Membership Option. The RTA Welfare Trust Fund has been established for the benefit of members of the Association(s) employed by the District. The District shall fund this benefit to members o f the Bargaining Unit to the same extent that benefits are funded for members of the Rhinebeck Teachers' Association. The uses o f the Fund are subject to the approval of the Superintendent. The Fund may be used for medical assistance programs, life insurance or any other programs agreed to by the RTA and the Superintendent. This Fund will be administered by the RTA and there shall be no buy-out option.
Membership Option. Subject to conditions set forth within this Article 2, regular full-time employees and regular part-time employees within 90 calendar days of hire shall as a condition of employment and at their option either: (1) apply for membership in the Union and if accepted, maintain membership in good standing thereafter during the term of this Agreement or, (2) alternatively arrange to pay to the Union a service fee equal in amount to the membership dues uniformly required for all members of the same class.
Membership Option. 8 If a nurse fails to exercise the options in Paragraph 3 for non- 9 membership or fair share contribution, the nurse shall have sixty (60) 10 calendar days following the day of employment within which to join the 11 Association or on demand of the Association be terminated by the 12 Hospital.
Membership Option. Many science centres and science museums offer a possibility to become a member of the centre. Memberships can be general or tailored for adults, children, or other target groups. For children, the name of the membership is typically something like a club, passport or science pass, in an effort to tempt young visitors.

Related to Membership Option

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

  • Cash Option [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.

  • Put Option The Company hereby grants to Lender an option (the “Put Option”) to sell all or any portion of the Issued Shares (the “Put Shares”) to the Company for a total purchase price of $195,000, pro-rated for any portion thereof (the “Put Price”). The Put Option may be exercised with respect to any amount that is equal to or less than the entire balance of the outstanding Put Shares, at any time during the earlier to occur of the following Put Option exercise periods (the “Put Period”): (a) the ten (10) Business Day period commencing on the first anniversary hereof, or (b) the ten (10) Business Day period commencing on the date which is nine (9) months after the date that the registration statement for the registration of the Issued Shares is declared effective by the SEC . If not exercised during the Put Period, the Put Option shall terminate and shall be of no further force or effect. The Put Option shall be exercisable by Lender’s delivery of written notice to the Company (the “Put Notice”). The Put Notice shall specify the date on which the closing of the purchase of the Put Shares shall take place (the “Put Closing Date”), which such date shall be no earlier than ten (10) days but no later than thirty (30) days from the date of the Put Notice. On or before the Put Closing Date, Lender will deliver to the Company the certificate(s) representing the Put Shares (duly endorsed for transfer by Lender or accompanied by duly executed stock powers in blank) and the Company shall tender to Lender the Put Price in cash by wire transfer of immediately available funds to an account at a bank designated by Lender. The Company and Lender acknowledge and agree that the Company’s obligation to purchase the Issued Shares from Lender pursuant to the Put Option is an Obligation secured by the Collateral and any related guarantees under the Loan Documents, and for so long as the Put Option is outstanding and, if exercised, the Put Price is not yet tendered, the Lender’s right to receive the Put Price shall be secured by the Collateral and any related guarantees under the Loan Documents. Lender’s right to exercise the Put Option shall not be transferred or assigned to any third party.

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Employee Options There are two (2) options available to an employee who is otherwise eligible for disability insurance benefits which are as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.