Attrition Arrangements Sample Clauses

Attrition Arrangements. No regular employee shall be dismissed or have the employee’s regular hours reduced by the Board because of mechanization, technological or other change.
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Attrition Arrangements. (a) If by reason of any technological change, (1) the Employer is unable to provide work for any employee and additional knowledge and skill are not appropriate pursuant to Clause 23.7, or (2) an employee cannot meet job requirements upon completion of the training period pursuant to Clause 23.7, (3) the Employer shall pay lump sum severance pay. (b) In lieu of severance pay an employee who is laid off due to technological change may choose to exercise her rights as outlined in Article 12. (c) Severance pay shall be determined on the same basis as outlined in Article 12.4(d). (d) Should employees be laid off without notice required by Article 12, they shall receive pay in lieu of notice additional to the severance pay required by this clause.
Attrition Arrangements. No employee will be laid off because of technological change or new method of operation unless such employee refuses, without good reason, to avail of additional training provided to equip the employee with the new or greater skills required by the technological change or new method of operation.
Attrition Arrangements. ‌ (a) If by reason of any technological change, (1) the Employer is unable to provide work for any employee and additional knowledge and skill are not appropriate pursuant to Article 23.7, or (2) an employee cannot meet job requirements upon completion of the training period pursuant to Article 23.7, the Employer shall pay lump sum severance pay. (b) In lieu of severance pay an employee who is laid off due to technological change may choose to exercise her rights as outlined in Article 12. (c) Severance pay shall be determined on the basis of one (1) week's pay at the employee's current rate of pay for each complete year of service. (d) Should employees be laid off without notice required by Article 12, they shall receive pay in lieu of notice additional to the severance pay required by this clause.
Attrition Arrangements. ‌ (a) If by reason of any technological change, (1) the Employer is unable to provide work for any employee and additional knowledge and skill are not appropriate pursuant to Clause 23.7 (Training), or (2) an employee cannot meet job requirements upon completion of the training period pursuant to Clause 23.7 (Training), (3) the Employer shall pay lump sum severance pay. (b) In lieu of severance pay an employee who is laid off due to technological change may choose to exercise their rights as outlined in Article 12 (Xxxxxx, Severance & Recall). (c) Severance pay shall be determined on the same basis as outlined in Article 12.4(d). (d) Should employees be laid off without notice required by Article 12 (Xxxxxx, Xxxxxxxxx & Recall), they shall receive pay in lieu of notice additional to the severance pay required by this clause.

Related to Attrition Arrangements

  • Certain Arrangements The Company will not consummate or permit to occur any Section 13 Event unless (A) the Principal Party has a sufficient number of authorized, unissued and unreserved Common Shares to permit the exercise in full of the Rights in accordance with this Section 13 and (B) prior thereto the Company and the Principal Party have executed and delivered to the Rights Agent a supplemental agreement confirming that (1) the requirements of this Section 13 will be promptly performed in accordance with their terms, (2) the Principal Party will, upon consummation of such Section 13 Event, assume this Plan in accordance with Section 13(a) and Section 13(b), (3) such Section 13 Event will not result in a default by the Principal Party pursuant to this Plan (as it has been assumed by the Principal Party) and (4) the Principal Party, as soon as practicable after the date of such Section 13 Event and at its own expense, will: (i) prepare and file a registration statement pursuant to the Securities Act with respect to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form, and use its best efforts to cause such registration statement to (x) become effective as soon as practicable after such filing and (y) remain effective (with a prospectus at all times meeting the requirements of the Securities Act) until the Expiration Date, and similarly comply with applicable state securities laws; (ii) use its best efforts to list (or continue the listing of) the Rights and the securities purchasable upon exercise of the Rights on a national securities exchange or to meet the eligibility requirements for quotation on a national securities exchange and to list (and continue the listing of) the Rights and the securities purchasable upon exercise of the Rights on a national securities exchange; (iii) deliver to holders of the Rights historical financial statements for the Principal Party and its Affiliates that comply in all respects with the requirements for registration on Form 10 (or any successor form) promulgated under the Exchange Act; and (iv) take all other action as may be necessary to allow the Principal Party to issue the securities purchasable upon exercise of the Rights.

  • Distribution Arrangements Subject to compliance with the 1940 Act, the Trustees may retain underwriters and/or placement agents to sell Trust Shares. The Trustees may in their discretion from time to time enter into one or more contracts, providing for the sale of the Shares of the Trust, whereby the Trust may either agree to sell such Shares to the other party to the contract or appoint such other party its sales agent for such Shares. In either case, the contract shall be on such terms and conditions as the Trustees may in their discretion determine not inconsistent with the provisions of this Article IV or the By-Laws; and such contract may also provide for the repurchase or sale of Shares of the Trust by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with persons who are not registered securities dealers to further the purposes of the distribution or repurchase of the Shares of the Trust.

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