Local Options Sample Clauses

The 'Local Options' clause allows parties to tailor certain terms or conditions of an agreement to fit specific local requirements or preferences. This clause typically enables the selection or modification of provisions—such as governing law, dispute resolution methods, or operational procedures—based on the jurisdiction or location where the contract is being performed. By incorporating local options, the clause ensures that the agreement remains flexible and compliant with regional laws or business practices, thereby reducing the risk of legal conflicts and enhancing the contract's practical effectiveness in different locales.
Local Options. 1. After reaching mutual agreement, non-instructional days may be added as determined by the individual building principal/pastor/president and teachers. After consulting with the teachers, a stipend will be determined by the building principal/pastor/president. 2. If, with the approval of the Office of Catholic Schools, additional days of instruction are to be added, teachers will be paid at a per diem rate for these days. Teachers will be notified of the additional days by April 1 of the preceding school year.
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Local Options. All local agreements including the following options shall be reduced to writing and signed by both the Union and Management with a copy sent to the respective central offices. Alternative list - is a list of additional employees who meet the qualified employee definition and may be used to work voluntary or mandated overtime. These may be classifications that have worked overtime based on practice or it may be other employees from other sister work sites such as ▇▇▇▇▇ Center and Millcreek or the Northfield and Cleveland campuses of NBHS.
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Related to Local Options

  • Options (1) Upon receipt of Instructions relating to the purchase of an option or sale of a covered call option, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the purchase or writing of the option by a Fund; (b) if the transaction involves the sale of a covered call option, deposit and maintain in a segregated account the Securities (either physically or by book-entry in a Securities System) subject to the covered call option written on behalf of such Fund; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any notices or other communications evidencing the expiration, termination or exercise of such options which are furnished to the Custodian by the Options Clearing Corporation (the "OCC"), the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. (2) Upon receipt of Instructions relating to the sale of a naked option (including stock index and commodity options), the Custodian, the appropriate Fund and the broker-dealer shall enter into an agreement to comply with the rules of the OCC or of any registered national securities exchange or similar organizations(s). Pursuant to that agreement and such Fund's Instructions, the Custodian shall: (a) receive and retain confirmations or other documents, if any, evidencing the writing of the option; (b) deposit and maintain in a segregated account, Securities (either physically or by book-entry in a Securities System), cash and/or other Assets; and (c) pay, release and/or transfer such Securities, cash or other Assets in accordance with any such agreement and with any notices or other communications evidencing the expiration, termination or exercise of such option which are furnished to the Custodian by the OCC, the securities or options exchanges on which such options were traded, or such other organization as may be responsible for handling such option transactions. The appropriate Fund and the broker-dealer shall be responsible for determining the quality and quantity of assets held in any segregated account established in compliance with applicable margin maintenance requirements and the performance of other terms of any option contract.