Adding Gangs Sample Clauses

Adding Gangs. If an employer desires to add another permanent gang to its roster, it shall so advise the Seniority Board. Notice of such intent shall then be posted in the Union Hall and the Dispatch Center where notices are normally posted. An existing gang may bid for the right to be added to that employer’s roster. If more than one gang bids, then the gang with the highest rating shall be given the opportunity. The rating of a gang shall be established as follows: Each “A” employee in gang shall entitle gang to 26 points. Each “B” employee in gang shall entitle gang to 25 points. Each “C” employee in gang shall entitle gang to 24 points. Each “D” employee in gang shall entitle gang to 23 points. Each “E” employee in gang shall entitle gang to 22 points. Each “F” employee in gang shall entitle gang to 21 points. Each “G” employee in gang shall entitle gang to 20 points. Each “H” employee in gang shall entitle gang to 19 points. Each “I” employee in gang shall entitle gang to 18 points. Each “J” employee in gang shall entitle gang to 17 points. Each “K” employee in gang shall entitle gang to 16 points. Each “L” employee in gang shall entitle gang to 15 points. Each “M” employee in a gang shall entitle gang to 14 points. Each “N” employee in a gang shall entitle gang to 13 points. In the event of a tie, the following point system will be used, only to break ties: Each Group 1 employee in gang shall entitle gang to 3/4 point. Each Group 2 employee in gang shall entitle gang to 1/2 point. Only the Gang Carrier and the first thirteen (13) employees (twelve (12) employees after October 1, 1998) in a gang shall be used in computing the gang’s rating. If a gang bids for and is placed on another employer’s roster, it shall automatically be removed from the roster of the employer on whose list it had been. When no gang bids for transfer to the permanent roster of an employer seeking to add a gang, a new gang shall be formed. Members of the gang, including the gang carrier, shall be selected in accordance with their positions on the Master List in the same manner as provided for filling gang vacancies.
Sample 1
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Related to Adding Gangs

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  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • A G R E E M E N T In consideration of the foregoing recitals and of the mutual covenants contained herein, the parties, intending to be legally bound, agree as follows:

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • R E E M E N T It is agreed as follows:

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

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