Employee Telework Option Sample Clauses

Employee Telework Option. Appropriately planned and managed, telework is an option that can benefit the District and employees. Teleworking is an important means by which we can help reduce air pollution, traffic and parking congestion, and demand for office space. Teleworking is also an important means to lower absenteeism and employees’ stress levels, to increase employees’ productivity and improve quality of life. The District will provide telework for employees that have assigned duties that allow them to do so such as writing, reading, analyzing, telephoning, computer work and data entry. Teleworking staff will contribute to District objectives, while maintaining or improving efficiency, productivity, and customer service. Telework is defined as working one or more days away from the employee’s main office or school site, either at home in a space specifically set aside as an office in an employee’s residence or at an alternative location. The telework schedule must be preapproved by the employee’s supervisor prior to the start of the schedule. A supervisor must approve an employee’s request for telework unless it places an undue hardship on the employer. Supervisors cannot discriminate in the approval of telework requests. Any violation of this section shall be subject to the grievance procedure in Article 18. Telework employees will: remain accessible during work hours by phone and/or email; check in with the supervisor regularly to discuss status and open issues; be available for teleconferences, scheduled on an as-needed basis; be available to come into the office if a business need arises; request supervisor approval in advance of working any overtime hours (if employee is non-exempt); and request supervisor approval to use vacation in the same manner as when working at Employee’s regular work location. Employees need not obtain approval to take emergency, sick, or imminent death leaves or to use comp time. The District shall provide all necessary equipment for employees to telework. Upon request, the District shall provide all employees teleworking with an annual stipend of $ 1,500. 17.1 The purpose of the professional growth program is to offer financial incentive for improving job skills and performance, and for obtaining training related to promotional opportunities within the District and within the employee's current occupational area.
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Related to Employee Telework Option

  • Employment Option If the State determines that it would be in the State’s best interest to hire an employee of the Contractor, the Contractor will release the selected employee from any non-competition agreements that may be in effect. This release will be at no cost to the State or the employee.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Employee Stock Options Except as provided in this Agreement or pursuant to the provisions of any Plan or employee or director stock option agreement as in effect on the date hereof, from the date hereof Company will not accelerate the vesting or exercisability of or otherwise modify the terms and conditions applicable to the Employee Stock Options. At the Effective Time, each of the Employee Stock Options which is outstanding and unexercised at the Effective Time shall be converted automatically into an option to purchase Parent Shares in an amount and at an exercise price determined as provided below (and otherwise subject to the terms of the stock option plans of Company governing the Employee Stock Options (the "Company Stock Option Plans")): (1) The number of Parent Shares to be subject to the new option shall be equal to the product of the number of Shares subject to the original option and the Exchange Ratio, PROVIDED that any fractional Parent Shares resulting from such multiplication shall be rounded down to the nearest share and, except with respect to any options which are intended to qualify as "incentive stock options" (as defined in section 422 of the Code ("ISOs")), Parent shall pay an amount in cash to the holder of such Employee Stock Option equal to the fair market value immediately prior to the Effective Time of such fractional Parent Shares calculated based on the average closing price on the New York Stock Exchange for the last five trading days immediately preceding the day prior to the Effective Time; and (2) The exercise price per Parent Share under the new option shall be equal to the aggregate exercise price of the original option divided by the total number of full Parent Shares subject to the new option (as determined under (1) immediately above), PROVIDED that such exercise price shall be rounded up to the nearest cent. The adjustment provided herein with respect to any ISOs shall be and is intended to be effected in a manner that is consistent with section 424(a) of the Code. The duration and other terms of the new option shall be the same as that of the original option, except that all references to Company shall be deemed to be references to Parent. Parent shall file with the SEC a registration statement on Form S-8 (or other appropriate form) or a post-effective amendment to the Registration Statement as promptly as practicable after the Effective Time for purposes of registering all Parent Shares issuable after the Effective Time upon exercise of the Employee Stock Options, and shall have such registration statement or post-effective amendment become effective and comply, to the extent applicable, with state securities or blue sky laws with respect thereto at the Effective Time.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.