Section 1 G Sample Clauses

Section 1 G. 1. will not apply if the transaction that constitutes a “change in control” 30 consists solely of a corporate form restructuring that creates a parent holding company of 31 the Company, whose shareholders and Board of Directors at the closing of the transaction 32 are substantially the same as the shareholders and Board of Directors of the Company 34 transaction during the Company’s Chapter 11 reorganization or to a plan of 35 reorganization resulting in emergence from Chapter 11.
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Section 1 G. 1. will not apply to any entity that is an IRS qualified employee benefit plan 12 of the Company (or a parent), or a trustee or other fiduciary of such plan acting in its 13 capacity as such, provided that the plan is one in which (i) all pilots who meet the general 14 service requirements applicable to all participants are entitled to participate; (ii) stock of 15 the Company or Company affiliate allocated to accounts of participants is voted in 16 accordance with the instructions of the participants if any are given and (iii) the trustee 17 voting unallocated stock is a nationally recognized bank or financial institution. If stock 18 in the plan which is not required to be voted in accordance with directions of the 19 participants is tendered to an entity outside the plan, such stock will be deemed to be no 20 longer owned by the plan for purposes of Section 1 G. 3.
Sample 1
Section 1 G. 1. will not apply to any entity that is an IRS qualified employee benefit plan 45 of the Company (or a parent), or a trustee or other fiduciary of such plan acting in its 46 capacity as such, provided that the plan is one in which (i) all pilots who meet the general 1 service requirements applicable to all participants are entitled to participate; (ii) stock of 2 the Company or affiliate allocated to accounts of participants is voted in accordance with 3 the instructions of the participants if any are given and (iii) the trustee voting unallocated 4 stock is a nationally recognized bank or financial institution. If stock in the plan which is 5 not required to be voted in accordance with directions of the participants is tendered to an 6 entity outside the plan, such stock will be deemed to be no longer owned by the plan for 7 purposes of Section 1 G. 3. 9 H. Opportunity to Make Competing Proposal 10 11 In the event the Company receives a proposal for a transaction that would, if completed, 12 result in a successor or change in control, and the Company determines to pursue or facilitate 13 the proposal the Company and/or affiliate will in good faith seek to provide the Association 14 with the opportunity to make a competing proposal at such time and under such 15 circumstances as the Board of Directors of the Company and/or affiliate reasonably 16 determines to be consistent with their fiduciary duties. 17 18 I. General Furlough Protection 19
Sample 1

Related to Section 1 G

  • Section 1.2 43 Nothing contained herein shall be construed to include in the bargaining unit any person whose duties 44 as deputy, administrative assistant, supervisor, xxxxxxx or secretary necessarily imply a confidential 45 relationship to the Board of Directors or Superintendent of the District pursuant to RCW 41.56.030 (2).

  • Section 1. General The Appointing Authority may authorize travel at State expense for the effective conduct of the State's business. Such authorization must be granted prior to the incurrence of the actual expenses. Employees affected under this Article shall be reimbursed for such expenses that had been authorized by the Appointing Authority in accord with the terms of this Article.

  • Section 1.4 (a) Upon timely request, the Department of Administrative Services shall make available at no cost to the Union the latest copy of any SEIU Local 503, OPEU bargaining unit employee statistical and expenditure reports relative to employment and benefits currently produced by the Department of Administrative Services which do not require manual or machine editing to remove confidential data or non-SEIU Local 503, OPEU bargaining unit employee data. Such request must be made in advance of the preparation of the reports. If new and appropriate employee statistical and expenditure reports are produced by the Department of Administrative Services, the Department and the Union may mutually agree in advance to provide such reports at no cost.

  • Section 4.3 11 The Association reserves and retains the right to delegate any right or duty contained herein to appropriate 12 officials of the Public School Employees of Washington State Organization.

  • Section 4 04 Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.......................................................65 Section 4.05 Allocation of Realized Losses.........................................66 Section 4.06 Reports of Foreclosures and Abandonment of Mortgaged Property.........66 Section 4.07 Optional Purchase of Defaulted Mortgage Loans.........................67 Section 4.08 Surety Bond...........................................................67

  • Section 14.3 24 The parties recognize that an employee should have the option of declining to participate as a member in 25 the Association, yet contribute financially to the activities of the Association in representing such 26 employee as a member of the collective bargaining unit. Therefore, as an alternative to, and in lieu of the 27 membership requirements of the previous sections of this Article, an employee who declines membership 28 in the Association may pay to the Association each month a service charge as a contribution towards the 29 administration of this Agreement in an amount not to exceed the regular monthly dues. This service 30 charge shall be collected by the Association in the same manner as monthly dues.

  • Section 7.4 43 In the event an employee is assigned to a shift less than the normal work shift previously 44 defined in this Article, the employee shall be given a fifteen (15) minute rest period for each 45 consecutive/continuous four (4) hours of work. Employees assigned six (6) or more hours shall 46 be given two (2) 15-minute rest periods and an unpaid lunch period.

  • Section 17.3 13 This Agreement may be reopened and modified at any time during its term upon mutual consent of the 14 parties in writing; provided, however, that this Agreement shall be reopened to renegotiate Article XII,

  • Section 10 11. Article 10 Not To Prevent Events of Default or Limit Right To Accelerate..................................... 91 SECTION 10.12. Trust Moneys Not Subordinated........................... 91 SECTION 10.13. Trustee Entitled To Rely................................ 92 SECTION 10.14.

  • Section 4.5 37 The President of the Association and designated representatives will be provided time off without loss of 38 pay to a maximum of three (3) days per year to attend regional or State meetings when the purpose of 39 those meetings is in the best interests of the District as determined by the District administration.

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