Authorized Call Sample Clauses
An Authorized Call clause defines the circumstances under which a party, typically an issuer or lender, has the right to redeem or "call" a security or financial instrument before its scheduled maturity. This clause specifies the timing, notice requirements, and any premiums or penalties associated with exercising the call option. For example, a bond may be callable after a certain date, allowing the issuer to repay the principal early if interest rates decline. The core function of this clause is to provide flexibility to the issuer or lender, enabling them to manage interest costs or refinance debt under favorable conditions.
Authorized Call out
12.3.1 Employees who accept hours in addition to their regularly scheduled hours will not normally be entitled to call out pay for those hours
12.3.2 Call out pay will only apply if a specific employee is required to attend at the branch in an emergency situation OR outside of normal library hours (including Sunday).
12.3.3 Call out must be authorized by a Management representative and the employee so informed at the time of contact.