Purpose of Section Sample Clauses
The "Purpose of Section" clause defines the specific intent or objective of the section within a contract or legal document. It typically outlines what the section aims to address, such as clarifying the scope of obligations, setting out the context for subsequent provisions, or explaining the rationale behind certain requirements. For example, it may state that the section is intended to govern payment terms or to establish confidentiality obligations. This clause ensures that readers understand the focus and boundaries of the section, thereby promoting clarity and reducing the risk of misinterpretation.
Purpose of Section. This Article is intended to insure that the Plan complies with Code Section 416. If the Plan is or becomes Top-Heavy in any Plan Year, the provisions of this Section will supersede any conflicting provision in the Plan.
Purpose of Section. This Section is intended to insure that the Plan complies with Code Section 401(d). Any ambiguity herein will be construed to that end, and this Article will override any other provision of the Plan with which it may be inconsistent.
Purpose of Section. This Section is intended to apply for the benefit of Participant prior to the time Shares held by the Participant are freely transferable under applicable federal and state securities laws without the Participant holding the Shares for a minimum period of time (e.g., the holding period requirement of Rule 144 adopted by the Securities and Exchange Commission under the Securities Act). More specifically, if the Participant holds an unvested Option, he or she may commence this holding period for the Shares subject to the Option by exercising the unvested Option and receiving Shares of restricted stock which will Vest on the same date as the Option would have Vested. In this way, the Participant is able to begin the holding period for the Shares prior to the date the Option would have Vested.
Purpose of Section. Grievance procedures for employees are provided herein to:
A. Promote improved employer-employee relations by establishing grievance procedures on matters for which appeal or hearing is not provided by other regulations;
B. Afford employees individually or through a qualified employee organization a systematic means of obtaining further considerations of problems after every other reasonable effort has failed to resolve them through discussions;
C. Provide that grievances shall be settled as near as possible to the point of origin; and
D. Provide that grievances shall be heard and settled as informally as possible.
Purpose of Section. The sole purpose of this Section shall be to provide a basis for the computation of straight time, overtime and other premium wages. Nothing contained in this Section shall be construed as a guarantee or commitment by the Company to any Associate for a minimum or maximum number of hours of work per day, per week, or per year. The Company's pay records, practices and procedures shall govern the payment of all wages.
Purpose of Section. 19 23.02 Definitions .............................................. 19 23.03
Purpose of Section. It is the intent of the parties that holiday pay, as hereinafter established, is intended to insure that all Deck Officers, whether they work on a holiday or not, shall receive an additional day’s pay for every holiday. The provisions of Rule 11 shall apply to all instances where the Deck Officer is not on leave without pay.
Purpose of Section. The purpose of this section is to provide a mechanism whereby a person other than a child's parent can obtain legal guardianship of a child where no other section of this Law provides for it.
Purpose of Section. 19 22.02 Control ................................................... 19 22.03 Limitations ............................................... 19
Purpose of Section. CONSULTANT agrees that CITY, and its elected officials, officers, employees, and agents (cumulatively “City Indemnitees”) shall, to the fullest extent permitted by California law, be fully protected from any loss, injury, damage, claim, liability, taxes, fees, lawsuit, cost, expense, attorneys’ fees, litigation costs, defense costs, court costs or any other cost or damages of any kind arising out of or in any way related to CONSULTANT’s provision of the Services or performance of this Agreement. This Section is intended by the Parties to provide the fullest protection possible under California law to CITY and the City Indemnitees. CONSULTANT acknowledges that CITY would not have entered into this Agreement without the covenants and commitments of CONSULTANT in this Section 10.