Benefits of Sample Clauses

The "Benefits of" clause defines which party is entitled to receive the advantages, rights, or value arising from a contract or specific provision. In practice, this clause clarifies whether benefits are limited to the original parties or may extend to third parties, such as affiliates, successors, or assignees. Its core function is to prevent disputes by clearly specifying who can claim or enforce the benefits under the agreement, thereby ensuring clarity and managing expectations among all involved parties.
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Benefits of. This Rights Agreement; Determinations and Actions by the Board of Directors, etc. .............................................30 29. Severability...........................................................30 Section Page ------- ----
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Benefits of. In the event of a lay-off of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.
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Benefits of. Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto (including any Paying Agent appointed pursuant to and Authenticating Agent appointed pursuant to to the extent provided herein) and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. Section 112.
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Benefits of. This Agreement Nothing in this Agreement shall be construed to give to any person or corporation other than the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the shares of Common Stock) any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the shares of Common Stock).
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Benefits of. This Rights Agreement; Determinations and Actions by the Board of Directors, etc. (a) Nothing in this Rights Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Right Certificates (and,
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Benefits of. Performance Based Maintenance Contract
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Benefits of. In the event of a layoff of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three months from the end of the month in which the layoff occurs or until the laid-off employee is employed elsewhere, whichever occurs first. , When an employee requests and is permitted by the Hospital to transfer to another department or classification, she shall be paid at the starting rate for the classification in the department to which she is transferred for a period of thirty days, thereafter she shall be paid at the one year rate for such classification for a period of sixty days, thereafter she shall be paid at the two year rate for such classification for a period of ninety days and thereafter provided that no employee so transferred shall be entitled to be paid the one year rate, two year rate or maximum rate until she has continuously been employed by the Hospital for one year, two years or three years. When an employee relieves in a higher paid classification within the bargaining unit she shall be paid the rate of the higher classification for all hours worked.
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Benefits of. In the event of a layoff of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three months from the end of the month in which the layoff occurs or until the laid-off employee is employed elsewhere, whichever occurs first. When an employee is transferred to another classification through the posting procedure, shall be paid at the start rate for the classification for thirty working days, thereafter they will be paid at the wage rate in accordance to their seniority. An employee who transfers as a result of the application of Article or as a result of a permanent accommodation will be paid at the wage rate in accordance to their seniority. When an employee relieves in a higher paid classification within the bargaining unit she shall be paid the rate of the higher classification for all hours worked.
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Related to Benefits of

  • Benefits   on In the event of a lay-off of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.