TRAINING CONTRACTS Sample Clauses

TRAINING CONTRACTS. The Company retains the right to use training contracts for Pilots subject to the following:
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TRAINING CONTRACTS. The purpose of a training contract agreement, or training bond, is to provide financial protection to the Company in the event a Pilot leaves employment during the term of the training agreement. The parties to this Agreement agree that the Company will maintain its practice of providing training to Pilots, subject to the Pilot’s signing of the Company’s training contract of which the format may be amended by the Employer from time to time. See attached at Appendix B for a copy of the current training contract at time of ratification, which may be amended from time to time, with notice to the Union.
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TRAINING CONTRACTS. 10.13.1 The Company retains the right to use training contracts for Pilots subject to the following: a) A Pilot who receives initial training who leaves the employ of the Company either voluntarily or by dismissal for cause within the twenty-four (24) month period following such training, shall (subject to forgiveness as follows) forthwith reimburse the cost of the training, up to a maximum of twelve thousand ($12,000) dollars. i) Leaves within 0 – 12 months: 100% of training costs, less 2.083% for each of those completed months (i.e., forgiveness of 25% for the full year) ii) Leaves within 13-24 months: 75% of training costs, less 6.25% for each of those completed months (i.e., forgiveness of the remaining 75% for the full second year) b) A Pilot who is laid off will not be required to reimburse the Company for training costs unless he fails to return from layoff upon being required to return by recall, at which time the training costs become due and payable. Time spent on layoff will not be taken into account when calculating the amount of forgiveness. c) The Company will be deemed to forgive in full a Pilot’s training costs if: i) the Company files for bankruptcy; ii) the Pilot dies; or iii) the Pilot loses his Class 1 medical. iv) the Pilot is dismissed during his probationary period. d) No Pilot with four (4) or more years of accumulated service as a Pilot will be required to commence a training contract. No Pilot shall be obliged to carry more than one (1) training contract. On submission of a second training contract the first shall be deemed to be forgiven in full by the Company. The training contracts to be used shall be attached to this Agreement as Appendix C.1 TRAINING CONTRACT METRO and Appendix C.2 – TRAINING CONTRACT DASH 8. e)
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TRAINING CONTRACTS. Consultants who are engaged must be apprised in writing of this Policy and, where appropriate, participate in further training. The Chief Compliance Officer or his or her designee must confirm and document that the consultant was apprised of the Policy. The Group Company line of business responsible for the hire must provide and document any required additional training. After a consultant is hired, the Group Company line of business responsible for the hire must perform and document ongoing due diligence and training, as appropriate. The consultant will also be required to enter into a written agreement with the Group Company that includes anti-corruption provisions in the form attached as Attachment C to this Policy; any variations to these provisions (to take into account local laws or other considerations) must be approved by the appropriate Designated Legal/Compliance Officer.
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Related to TRAINING CONTRACTS

  • Operating Contracts Subject to the rights of the Timeshare Owners' Association as set forth in the Timeshare Documents, no Operating Contract shall be modified, extended, terminated or entered into, without the prior written approval of Agent, if any such modification, extension, termination or new agreement could have a material adverse impact on the operation of the Resort or the Collateral.

  • Customer Contracts 6.2.1 The Redistributor should ensure that its contracts with its Customers give it all necessary rights to control and monitor Data use. 6.2.2 The Redistributor is obliged to make the contents of this Schedule available to its customers.

  • Business Contracts (a) Schedule 2.13(a) sets forth a true, complete and correct list of the following Contracts (x) to which any of the Companies are a party as of the date of this Agreement or (y) by which any of the Companies are otherwise bound (other than (I) Contracts for commercially available software or any clickwrap, shrinkwrap or other similar standard form electronic Contracts and Company Benefit Plans and (II) the Leases) (the “Business Contracts”): (i) any Contract providing for aggregate annual payments to or by the Companies in excess of One Hundred Thousand Dollars ($100,000); (ii) any Contract that relates to the sale of any of the Companies, in whole or in part, directly or indirectly, or a material portion of the Companies’ assets, other than the sale of tangible personal property in the Ordinary Course of Business; (iii) any property management, leasing, brokerage or similar Contract with respect to the Real Property; (iv) any Contract relating to indebtedness (including, without limitation, guarantees) of any Company, in each case having an outstanding principal amount in excess of One Hundred Thousand Dollars ($100,000), other than indebtedness that is being paid in full at the Closing; (v) all collective bargaining agreements or agreements with any labor organization, union or association to which any Company is a party; (vi) any Contract under which any Company grants any exclusive rights, noncompetition rights, rights of first refusal, rights of first offer or rights of first negotiation to any Person; (vii) any Contract that contains a covenant not to compete that restricts the Business of the Companies or their Subsidiaries in any geographic location; (viii) all partnership agreements, limited liability company agreements and joint venture agreements relating to the Companies; and (ix) any Contract relating to the acquisition or sale of a business (or all or substantially all of the assets thereof) by the Companies. (b) HoldCo has made available or has caused to be made available to the Buyer Parties, prior to the date hereof, true, correct and complete copies of each Business Contract, together with all amendments or supplements thereto. There exist no defaults under any Business Contract by any of the Companies, or, to HoldCo’s Knowledge, by any other Person that is a party to any Business Contract. To HoldCo’s Knowledge, no party to any Business Contract other than the Companies intends to terminate any Business Contract.

  • Existing Contracts Billing terms and provisions contained in existing contracting entity agreements (existing as of the date this policy is approved by the Board of Supervisors) shall remain in effect for the life of the contract. However, when these existing contracts are renegotiated, they shall contain the billing provisions as set forth in this policy.

  • Vendor Contracts (a) ASO Contracts, Group Insurance Policies, HMO Agreements, and Letters of Understanding (1) Before the Distribution Date, Acuity shall, in its sole discretion, take such steps as are necessary under each ASO Contract, Group Insurance Policy, HMO Agreement, letter of understanding, and arrangement in existence as of the date of this Agreement to permit SpinCo to participate in the terms and conditions of such ASO Contract, Group Insurance Policy, HMO Agreement, letter of understanding, or arrangement from Immediately after the Distribution Date through August 31, 2008. The methodology used to allocate costs between SpinCo and Acuity under such policies and arrangements prior to the Distribution Date shall remain the same after the Distribution Date. The participation by SpinCo in such policy or arrangement shall relate to the SpinCo Health and Welfare Plan and SpinCo shall have all fiduciary responsibilities under ERISA with respect to the participation by the SpinCo Health and Welfare Plan in such policies or arrangements. Alternatively, with respect to any of such policies or arrangements, Acuity may take such steps as are necessary to arrange for an ASO Contract, Group Insurance Policy, HMO Agreement, letter of understanding, or arrangement EMPLOYEE BENEFITS AGREEMENT covering SpinCo that mirrors substantively that covering Acuity. This mirror arrangement shall apply for all or a portion of such period, as necessary under the circumstances. Acuity, in its sole discretion, may cause one or more of its ASO Contracts, Group Insurance Policies, HMO Agreements, letters of understanding, and arrangements into which Acuity enters after the date of this Agreement to allow SpinCo to participate in the terms and conditions thereof. Nothing contained in this Section 5.2(a) shall preclude Acuity from choosing to enter into ASO Contracts, Group Insurance Policies, HMO Agreements, letters of understanding, or other arrangements with new or different vendors; provided, until August 31, 2008, Acuity shall give SpinCo advance notice of any decision to change or add vendors. Furthermore, nothing contained in this paragraph (1) shall require Acuity to use more than its reasonable best efforts in complying with the provisions of the first four sentences of this paragraph (1). (2) Acuity shall have the right to determine, and shall promptly notify SpinCo of, the manner in which SpinCo’s participation in the terms and conditions of ASO Contracts, Group Insurance Policies, HMO Agreements, letters of understanding and arrangements as set forth above shall be effectuated; provided, however, Acuity shall use its best efforts to accommodate any reasonable needs communicated to Acuity by SpinCo that relate thereto. Such terms and conditions shall include the financial and termination provisions, performance standards, methodologies, auditing policies, quality measures, reporting requirements, and target claims. SpinCo hereby authorizes Acuity to act on its behalf to extend to SpinCo the terms and conditions of the ASO Contracts, Group Insurance Policies, HMO Agreements, and letters of understanding and arrangements. SpinCo shall fully cooperate with Acuity in such efforts, and, for periods through August 31, 2008, SpinCo shall not perform any act or fail to take any action that would prejudice Acuity’s efforts and financial arrangements under the Health and Welfare Plans (other than taking reasonable steps to enter into replacement ASO Contracts, Group Insurance Policies, HMO Agreements, and letters of understanding and arrangements for periods after August 31, 2008).