Callback Provisions Clause Samples

A callback provision is a contractual clause that allows an issuer or seller to repurchase or reclaim an asset, security, or interest from the holder under specified conditions. Typically found in bond agreements or stock option plans, this provision enables the original issuer to buy back bonds before maturity or to repurchase shares from employees if they leave the company. The core practical function of a callback provision is to provide flexibility and control to the issuer, helping manage financial obligations or retain ownership structure, and to address scenarios where early repurchase is beneficial or necessary.
Callback Provisions. Employees called back to work, to work overtime shall be compensated for a minimum of two hours at applicable overtime rates.
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Callback Provisions. Employees called back to work at an Employer's worksite, to work overtime will be compensated for a minimum of two hours at applicable overtime rates. These employees will receive a transportation allowance based on the cost of taking a taxi from their home to the Employer's place of business and return or, if the employee normally drives their automobile to work, the vehicle allowance from the employee's home to the Employer's place of business and return. The minimum allowance will be two dollars. Employees who are required to work without being called back to attend at the Employer's worksite (e.g. fielding telephone calls) will be compensated at one and one-half times the normal rate of pay for 30 minutes or portion thereof for every call-back or for the actual duration of the work if it exceeds 30 minutes.
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Callback Provisions. ‌ Employees called back to work, to work overtime will be compensated for a minimum of two hours at applicable overtime rates. These employees will receive a transportation allowance based on the cost of taking a taxi from their home to the Employer's place of business and return or, if the employee normally drives her automobile to work, the vehicle allowance from the employee's home to the Employer's place of business and return. The minimum allowance will be two dollars.
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Callback Provisions. ‌ An employee called back to work after completing a normal day's work, or from a normal day off, or from vacation, shall be paid at overtime rates for all hours worked, and will be paid for a minimum of four hours.
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Callback Provisions. (a) Employees called back to work at an Employer's worksite, to work overtime will be compensated for a minimum of two (2) hours at applicable overtime rates. These employees will receive reimbursement for mileage if they are called into work and the employee is not at the worksite when overtime is requested. (b) Employees who are required to work without being called back to attend at the Employer's worksite (e.g. fielding telephone calls) will be compensated at one and one-half times (1½x) the normal rate of pay for thirty (30) minutes or portion thereof for every call-back or for the actual duration of the work if it exceeds thirty (30) minutes. This will only happen with pre-approval from the Program Director.
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Callback Provisions. ‌ When an employee is called or reports for work on regular schedule and finds the schedule has been changed without proper notification twenty-four (24) hours, such employee shall receive four (4) hours' pay for any originally scheduled time not worked because of the change in schedule.
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Callback Provisions. ‌ Employees called back to work, after they have punched out and left the site, to work overtime shall be compensated for a minimum of two hours at applicable overtime rates. Overtime Entitlement‌ Overtime entitlement shall be calculated in 15 minute increments; however, employees shall not be entitled to any compensation for periods of overtime of less than eight minutes per day. Allocation of Overtime‌ For the Culinary department, overtime work shall be allocated as set out in Article 15 (Culinary Scheduling). For Casino operations, overtime shall be allocated as follows:
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Related to Callback Provisions

  • Lock-Up Provisions (a) Holder hereby agrees not to, during the period (the “Lock-Up Period”) commencing from the Closing and ending on the earlier of (A) the one (1) year anniversary of the date of the Closing, (B) the first date subsequent to the Closing with respect to which the closing price of the Purchaser Common Stock has equaled or exceeded $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Closing or (C) the date on which the Purchaser completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Purchaser’s stockholders having the right to exchange their shares of Purchaser Common Stock for cash, securities or other property: (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Restricted Securities or (iii) publicly disclose the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery of Restricted Securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited Transfer”). The foregoing sentence shall not apply to the transfer of any or all of the Restricted Securities owned by ▇▇▇▇▇▇ (I) by gift, (II) by will or other testamentary document or intestate succession upon the death of ▇▇▇▇▇▇, (III) to any Permitted Transferee (as defined below), (IV) pursuant to a court order or settlement agreement or other domestic order related to the distribution of assets in connection with the dissolution of marriage or civil union, (V) to the Purchaser pursuant to any contractual arrangement in effect on the date of this Agreement that provides for the repurchase of shares of Purchaser Common Stock in connection with the termination of the undersigned’s employment with or service to the Purchaser; provided, however, that in any of cases (I), (II), (III) or (IV) above, it shall be a condition to such transfer that the transferee executes and delivers to the Purchaser and the Purchaser Representative an agreement stating that the transferee is receiving and holding the Restricted Securities subject to the provisions of this Agreement applicable to Holder, and there shall be no further transfer of such Restricted Securities except in accordance with this Agreement. As used in this Agreement, the term “Permitted Transferee” shall mean: (A) the members of Holder’s immediate family (for purposes of this Agreement, “immediate family” shall mean with respect to any natural person, any of the following: such person’s spouse, the siblings of such person and his or her spouse, and the direct descendants and ascendants (including adopted and step children and parents) of such person and his or her spouses and siblings), (B) any trust for the direct or indirect benefit of Holder or the immediate family of Holder, (C) if Holder is a trust, the trustor or beneficiary of such trust or to the estate of a beneficiary of such trust, (D) if Holder is an entity, as a distribution to limited partners, shareholders, members of, or owners of similar equity interests in Holder upon the liquidation and dissolution of Holder and (E) any affiliate of Holder,. ▇▇▇▇▇▇ further agrees to execute such agreements as may be reasonably requested by Purchaser or the Purchaser Representative that are consistent with the foregoing or that are necessary to give further effect thereto.