Employee Option Clause Samples
The Employee Option clause grants employees the right to purchase company shares, typically at a predetermined price and within a specified timeframe. In practice, this clause outlines eligibility, vesting schedules, and the process for exercising options, such as how many shares can be bought and under what conditions. Its core function is to incentivize employees by aligning their interests with the company's success, while also providing a structured mechanism for equity participation.
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Employee Option. Time Off or Cash
Employee Option. Upon written request from individual employees, the Employer will deduct and submit additional contributions in addition to those in Article 22.01(a).
Employee Option. 1. It is desired that differences between employees and supervisors be resolved as quickly and satisfactorily as possible. To achieve this goal, employees are encouraged to discuss such differences with their supervisor as soon as possible after they are aware of the event leading to the difference and prior to the filing of a grievance. Supervisors are similarly encouraged to be responsive to such discussion. Adjustments may not conflict with this Agreement or applicable written laws or regulations and shall not be precedential.
2. Such discussion is at the employee's option. Regardless of whether this option is exercised, the time limits for filing a grievance shall be adhered to. This means that if the supervisor has not responded or if the employee is not satisfied with the supervisor's response, the employee must file a written grievance at Step One within the time limits set forth at Step One.
Employee Option. Time Off or Cash Hours worked under this Article shall be taken at the option of the employee as time off or pay. Should the option be time off, such time off shall be accumulated and taken at a time agreed to by the employee and the Employer.
Employee Option. Employees may choose to take a lump sum payment for compensatory time earned and approved within the time limits established by this section. The approved form must be turned into the Business Manager by the last working day of the school year. Payment will be processed within the following pay period. This payment will be at the employee's current rate of pay. The payment will be for all unused compensatory time within the limits specified in Section 41.2. This payment will cancel all earned compensatory time for the previous school year and will be paid only once a year.
Employee Option. 1. Each regular employee who is covered by Civil Service regulations and who has been disciplined shall, except for written reprimands, have the option of pursuing the grievance-arbitration procedures set out in Article VI of this Agreement or Civil Service remedies where applicable.
a. Any employee choosing to pursue the remedy under Civil Service waives his/her right to pursue the remedy under Article VI and such remedy shall no longer be available to that employee.
b. An employee pursuing an appeal under Article VI waives his/her right to pursue Civil Service remedies. An employee who appeals under Article VI shall begin at Step 1 within ten (10) work days following the notification of discipline.
Employee Option. 2.5(a) Employee Option Plans .................................... 2.5(a) ERISA .................................................... 3.9(a) ERISA Affiliate .......................................... 3.9(a) Exchange Act ............................................. 1.1(a) GAAP ..................................................... 3.5
Employee Option. 11 1. Each regular employee who is covered by Civil Service regulations and who has 12 been disciplined shall, except for written reprimands, have the option of pursuing the 13 grievance-arbitration procedures set out in Article 6 of this Agreement or Civil
Employee Option. 2.4(a) Environmental Claim..............................................3.12(b)(i) Environmental Laws...............................................3.12(b)(ii) Environmental Permits............................................3.12(a)(ii) Equipment........................................................3.19 ERISA............................................................3.9(a) ERISA Affiliate..................................................3.9(a) Exchange Act.....................................................1.1(a) Financing........................................................4.5 GAAP.............................................................3.5
Employee Option the aggregate voting power of the capital stock of the Corporation issued and outstanding; and