Evaluation Option Sample Clauses

The Evaluation Option clause grants one party the right to assess or test certain goods, services, or intellectual property before committing to a full purchase or long-term agreement. Typically, this clause outlines the scope, duration, and conditions under which the evaluation can occur, such as providing access to a software demo or trial period for equipment. Its core practical function is to allow the evaluating party to make an informed decision, reducing the risk of unsatisfactory performance or incompatibility before entering into a binding commitment.
Evaluation Option. Provisional Teachers shall be evaluated on a comprehensive evaluation in accordance with provisions listed in Section 2.E. Comprehensive Evaluation Option.
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Evaluation Option. 11.7.1. At year 8 in the district and thereafter, unit members with an Overall Rating of Satisfactory on their previous evaluation shall have the option of participating in a formal evaluation process or may, with the approval of their administrator, select an Evaluation Option (Form H). 11.7.2. The evaluator has final approval of the classroom unit member’s project. 11.7.3. The classroom unit member shall present the project at an appropriate staff meeting. 11.7.4. The evaluator shall sign the Evaluation Option: Final Acceptance section on Form H and send the form to the Human Resources Department. Form H will be placed in the classroom unit member’s personnel file to complete the evaluation process for the year.
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Evaluation Option. Provisional Employees shall be evaluated on a comprehensive evaluation in accordance with provisions listed in section 4.E. Comprehensive Evaluation Option.
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Evaluation Option. (i) Upon termination or expiration of this Agreement, Company shall have the option to evaluate whether to purchase or arrange for a third-party (“Potential Purchaser”) to purchase the Accounts and Accounts Receivable (“Company Purchase Option”), whether held by Bank or a third-party, exclusive of any Accounts that have been charged off, or should have been charged off, by Bank in accordance with Bank Applicable Law and the Credit Standards, free and clear of all liens, encumbrances, claims, third-party rights, mortgages, restrictions, security interests, or similar rights, and any and all Account documentation and records relating to the Accounts, Cardholder information, the master file maintained by the Bank with respect to the Accounts, all solicitation and promotional materials exclusive of Bank Marks, and any toll-free store or customer access numbers (the “Portfolio”). Within thirty (30) days after either Party notifies the other of its intent to terminate or not to renew this Agreement as set forth in Section 9.1, Company may notify Bank in writing of Company’s intent to evaluate the Portfolio (“Notice of Intent”). If Company does not provide Notice of Intent within such thirty (30) day period, the Company Purchase Option shall expire.
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Evaluation Option. Provisional Teachers shall be evaluated on a comprehensive evaluation in 2285 accordance with provisions listed in section F Comprehensive Evaluation Option. 2286 2287 3. Ninety (90) day Observation: Provisional teachers shall be observed for thirty (30) minutes in the 2288 first ninety (90) calendar days. 2289 2290 2291 2292 2293 2294 2295 2296 2297 2298 2299 2300 2301 2302 2303 2304 2305 2306 2307 2308 2309 2310 2311 2312 2313 2314 2315 2316 2317 2318 2319 2320 2321 2322 2323 2324 2325 2326 2327 2328 2329 2330 2331 2332 2333 2334 2335 2336
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Evaluation Option. 11.8.1 At year 8 in the district and beyond, unit members with an “Overall Rating” of “Satisfactory” on his/her previous evaluation shall have the option of participating in a formal evaluation process, or may, with the approval of his/her administrator select an “Evaluation Option” (Form H or Form H-NC). 11.8.1.1 The “Evaluation Option” may be utilized in two out of every three evaluation cycles. 11.8.1.2 The evaluator shall provide all classroom permanent unit members who are in year 8 in the district or beyond with information regarding the “Evaluation Option” (Form H or Form H-NC) by October 1. 11.8.1.3 Classroom unit members who are eligible shall notify the evaluator by October 8 of his/her desire to participate in a specific “Evaluation Option” (Form H or Form H-NC). 11.8.1.4 Classroom unit members participating in the “Evaluation Option” shall complete Form H or Form H-NC and meet with his/her evaluator by October 15 to have the project approved. 11.8.1.1.1 The evaluator has final approval of the classroom unit member’s project. 11.8.1.1.2 When the project is approved, a copy of Form H or Form H-NC shall be sent to the Human Resources Department and placed in the classroom unit member’s personnel file. 11.8.1.5 By May 1, the classroom unit member shall complete the “Evaluation Option: Final Acceptance” section on Form H or Form H-NC and meet with his/her evaluator. 11.8.1.5.1 The classroom unit member shall present the project at an appropriate staff meeting. 11.8.1.5.2 The evaluator shall sign the “Evaluation Option: Final Acceptance” section on Form H and send the form to the Human Resources Department and placed in the classroom unit member’s personnel file to complete the evaluation process for the year. 11.8.1.6 A unit member who selects the “Evaluation Option” (Form H or Form H-NC) and does not complete the Evaluation Option shall be evaluated the following year using the standard evaluation process (Form F or Form F-NC).
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Evaluation Option. Provisional Employees shall be evaluated on a comprehensive 5 evaluation in accordance with provisions listed in section 4.E. Comprehensive 6 Evaluation Option. 7 8 3. Ninety (90) day Observation: Provisional employees shall be observed for thirty 9 (30) minutes in the first ninety (90) calendar days. 10
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Related to Evaluation Option

  • Termination Option The Mortgages Trustee (as trustee for the Beneficiaries) and Funding may, upon a breach by the relevant Account Bank of its obligations under this Agreement, any Issuer Bank Account Agreement, the Funding Guaranteed Investment Contract, the Mortgages Trustee Guaranteed Investment Contract, the Cash Management Agreement, any Issuer Cash Management Agreement or the Servicing Agreement (for the avoidance of doubt, to the extent that the relevant Account Bank is party to the relevant agreement) by giving one month's prior written notice to the relevant Account Bank (with a copy to the Security Trustee), terminate the appointment of such Account Bank, provided that: (a) such termination shall not be effective until a replacement financial institution or institutions (in each case (A) whose short-term, unsubordinated, unguaranteed and unsecured debt obligations are rated at least P-1 by Moody's, (B) whose unsubordinated, unguaranteed and unsecured debt obligations are rated at least A-1 short-term and A long-term (or, if such institution has no short-term rating from S&P, at least A+ long-term) by S&P and (C) whose short-term and long-term “Issuer Default Ratings” are at least F1 and A (respectively), by Fitch) shall have entered into an agreement in form and substance similar to this Agreement; and (b) such termination would not adversely affect the then current ratings of the Rated Notes. The Cash Manager, the Mortgages Trustee and Funding shall use reasonable endeavours to agree such terms with such a replacement financial institution or institutions within 60 calendar days of the date of the notice. In the event of such termination the relevant Account Bank shall assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby and the Mortgages Trustee and Funding shall reimburse the relevant Account Bank for its reasonable costs and any amounts in respect of Irrecoverable VAT thereon (including reasonable costs and expenses) incurred during the period of, and until completion of, such transition. Account Bank A shall have no obligation to find a replacement financial institution and shall not be liable for any cost, expenses or fees of any person in respect of the appointment of any replacement financial institution.

  • Option (a) In order to induce Parent and Purchaser to enter into the Merger Agreement, Stockholder hereby grants to Purchaser an irrevocable option (a "SECURITIES OPTION") to purchase the Securities (the "OPTION SECURITIES") at the Offer Price, subject to increase as set forth below (the "PURCHASE PRICE"). The Securities Option may be exercised, in whole but not in part, by written notice to Stockholder (as set forth below), for a period of ten (10) business days (the "10 DAY PERIOD") following termination of the Merger Agreement or termination of the Offer, whichever shall first occur; PROVIDED that, prior to such termination, either (i) a Trigger Event shall have occurred or (ii) (A) the Company shall have received a written proposal from any person other than Parent, Purchaser or any affiliate of Parent or Purchaser for an Acquisition Transaction, which proposal shall not have expired or been withdrawn, (B) the Merger Agreement shall have been terminated by Parent pursuant to Section 8.01(b), 8.01(d)(ii), 8.01(f) or 8.01(g) and (C) at the time of such termination the Minimum Condition shall not have been satisfied. Notwithstanding the foregoing, the Securities Option may not be exercised until: (i) all waiting periods under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended (the "HSR ACT"), required for the purchase of the Securities upon such exercise shall have expired or been waived and any other conditions under the other Antitrust Laws shall have been satisfied and (ii) there shall not be in effect any preliminary injunction or other order issued by any Governmental Entity prohibiting the exercise of the Securities Option pursuant to this Agreement; provided that if (i) all HSR Act waiting periods shall not have expired or been terminated or (ii) there shall be in effect any such injunction or order, in each case on the expiration of the 10 Day Period, the 10 Day Period shall be extended until five (5) business days after the later of (A) the date of expiration or termination of all HSR Act waiting periods, and (B) the date of removal or lifting of such injunction or order. (b) In the event that Purchaser wishes to exercise the Securities Option, Purchaser shall send a written notice (the "NOTICE") to Stockholder identifying the date (not less than two (2) nor more than five (5) business days from the date of the Notice) for the closing of such purchase, which closing shall be held at the executive offices of the Company (or such other place as the parties may agree). At the closing, Stockholder shall deliver to Purchaser appropriate and effective instruments of transfer of the Option Securities, against payment to Stockholder of the Purchase Price, in same day funds, by wire transfer to such account as Stockholder shall designate. (c) In the event the Option Securities are acquired by Purchaser pursuant to the exercise of the Securities Option (the "ACQUIRED SECURITIES") and, either before or at any time within the one-year period following such acquisition, Parent, Purchaser or any affiliate of Parent or Purchaser shall acquire Common Stock (other than from the Company) at a price in excess of the Purchase Price, then the Purchase Price hereunder shall be increased to such higher price. If the purchase of the Acquired Securities has been completed at the time of such increase, Stockholder shall be entitled to receive, and Purchaser shall promptly (and in no event more than 48 hours following such increase) pay to Stockholder, by wire transfer of same day funds to such account as Stockholder shall designate, the amount of the increase. (d) In the event the Option Securities are acquired by Purchaser pursuant to the exercise of the Securities Option, Stockholder shall be entitled to receive, and Purchaser shall promptly (and in no event more than 48 hours following such Sale) pay to Stockholder, upon any subsequent disposition, transfer or sale to an unaffiliated third party ("SALE") of all or any portion of the Acquired Securities within the one-year period following such acquisition, an amount per share in cash equal to the excess, if any, of the net proceeds received per share in the Sale over the Purchase Price. Any such payment shall be made by wire transfer of same day funds to such account as Stockholder shall designate.