Bump Procedure Sample Clauses

The Bump Procedure clause outlines the process by which one party can match or exceed an offer made by a third party, typically in the context of a right of first refusal or similar arrangement. In practice, if a seller receives a bona fide offer from an outside party, the party holding the bump right is notified and given a specified period to match or improve upon the terms of that offer. This clause ensures that the original party has a fair opportunity to retain an asset or contract by meeting competitive terms, thereby protecting their interests and preventing loss to external bidders.
Bump Procedure. The bump procedure in Section 5 – Article 2(E) does not apply to this section. A driver whose route has been reduced by one (1) hour from the previous school year who has not bid on another route under paragraph (i) shall have the right to bump another driver with lower classification seniority. A bumped driver under this section may also assert his/her bumping rights according to classification seniority.
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Bump Procedure. Food & Nutrition Employees will select their job location, classification and hours by seniority for the school year and it shall be limited to bumping within an individual group, classification as identified in the Food & Nutrition salary schedule. Should an Employee assignment be reduced by four tenths (.4) of an hour or more, the Employee shall be allowed to exercise his/her seniority to bump within his/her classification or any lesser classification. Management has the right to interview on the spot for a promotion. Displaced Employees shall be afforded the same procedure as identified above.
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Bump Procedure. During full department bump, Food & Nutrition Employees will select their job location, classification and hours. Full department bump starts with highest classification (Class IV), by seniority, and then proceeds to the next classification (Class III), by seniority, until all current Employees have bid for a position. Employees in a higher classification may bid on a lower classification. If no one bids for an opening within a classification, Employees in the next classification may bid for the open position. If more than one (1) Employee in a lower classification bids on a higher classification than they are currently classified, Management has the right to interview on the spot for a promotion. The results of the bump will take place on the first day of the new payroll schedule. All positions that remain open after bump shall be posted for outside candidates. In between full department bumps, if an Employee assignment is reduced by four tenths (.4) of an hour or more, the Employee shall be allowed to exercise his/her seniority to bump within his/her classification or any lesser classification. Displaced Employees shall be afforded the same bump procedure.
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Bump Procedure. The bump procedure in Article 24 does not apply to this section. A driver whose route has been reduced by one (1) hour from the previous school
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Bump Procedure. During full department bump, Food & Nutrition Employees will select their job location, classification and hours. Full department bump starts with highest (Class V), by seniority, then proceeds to the next classification (Class IV), by seniority, and then to the next classification (III), by seniority, until all current Employees have bid for a position. Employees in a higher classification may bid on a lower classification. Employees in a higher classification may bid on a lower classification. If no one bids for an opening within a classification, Employees in the next classification may bid for the open position. If more than one (1) Employee in a lower classification bid on a higher classification than they are currently classified, Management has the right to interview on the spot for a promotion. The results of the bump will take place on the first day of the new payroll schedule. All positions that remain open after bump shall be posted for outside candidates. In between full department bumps, if an Employee assignment is reduced by four tenths (.4) of an hour or more, the Employee shall be allowed to exercise his/her seniority to bump within his/her classification or any lesser classification. Displaced Employees shall be afforded the same bump procedure.
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Related to Bump Procedure

  • ARTICLE GRIEVANCE PROCEDURE The parties to this Agreement are agreed that it is of the utmost importance to adjust complaints and grievances as quickly as possible. Unless agreed to by both the Company and the Union, no grievance shall be presented, the alleged circumstances of which originated or occurred, or should have come to the attention of the employee concerned, more than five (5) working days prior to its original presentation in writing at Step A grievance shall consist of a dispute concerning interpretation and/or application of any Article, Schedule or Clause in this Agreement. Should a grievance arise it shall be handled as follows. Prior to filing a formal grievance, an employee will, with the assistance of his ▇▇▇▇▇▇▇, refer the on an informal basis to his immediate Supervisor. If the grievance cannot be settled as a result of this discussion, then it may be dealt with as follows: STEP The employee shall a written grievance with his immediate Supervisor within five (5) working days of the incident giving rise to the complaint. The immediate Supervisor shall answer the grievance within five (5) working days. The grievance shall specify the Article or Articles and subsections of the Agreement of which a violation is alleged, indicate the relief sought and be signed by the employee. STEP Should the employee be dissatisfied with the disposition of the grievance at Step the grievance may be referred to the Plant Manager within five (5) working days after receipt of the immediate Supervisor's reply at Step The Plant Manager shall convene a meeting with the and Chief ▇▇▇▇▇▇▇ and shall answer the grievance in writing within five (5) working days of such meeting. STEP If no settlement is reached at Step the the Union Grievance Committee and representatives of Management shall meet to discuss the grievance within five (5) working days of receipt of the reply of the Plant Manager. The Union's National Representative will be in attendance at this meeting. If the grievance is not settled within five (5) working days it may be referred to arbitration as hereinafter provided. The Union or the Company may initiate a grievance beginning at Step of the Grievance Procedure. Such grievance shall be filed within five (5) working days of the incident giving rise to the complaint and be in the form prescribed in Step Any such grievance may be referred to arbitration under Article by either the Union in the case of a Union grievance or the Company in the case of a Company grievance. The Union may not institute a grievance directly affecting an employee or employees which such employee or employees could themselves institute and the regular Grievance Procedure shall not thereby be by-passed except where the grievance would affect the Bargaining Unit as a whole. This Clause shall not preclude a group grievance signed by a group of employees commencing at Step Any complaint or grievance which is not commenced or processed through the next stage of the Grievance or Arbitration Procedure within the time specified shall be deemed to have been dropped. However, time limits specified in the Grievance Procedure may be extended by mutual agreement in writing between the Company and the Union. An employee who has been discharged or suspended may file a written grievance at Step within five (5) working days of the discharge or suspension. In taking disciplinary action within twenty-four (24) months from the date of a suspension or dismissal (reinstatement) for a similar infraction, the Company may consider the employee's entire record preceding suspension or dismissal (reinstatement), as the case may be. In taking disciplinary action within twelve 2) months from the date of an oral or written warning for a similar infraction, the Company may consider the employee's entire record preceding the employee's oral or written warning, as the case may be.

  • Procedure If any action is brought against an Underwriter, a Selected Dealer or a Controlling Person in respect of which indemnity may be sought against the Company pursuant to Section 6.1, such Underwriter, such Selected Dealer or Controlling Person, as the case may be, shall promptly notify the Company in writing of the institution of such action and the Company shall assume the defense of such action, including the employment and fees of counsel (subject to the reasonable approval of such Underwriter or such Selected Dealer, as the case may be) and payment of actual expenses. Such Underwriter, such Selected Dealer or Controlling Person shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of such Underwriter, such Selected Dealer or Controlling Person unless (i) the employment of such counsel at the expense of the Company shall have been authorized in writing by the Company in connection with the defense of such action, or (ii) the Company shall not have employed counsel to have charge of the defense of such action, or (iii) such indemnified party or parties shall have reasonably concluded that there may be defenses available to it or them which are different from or additional to those available to the Company (in which case the Company shall not have the right to direct the defense of such action on behalf of the indemnified party or parties), in any of which events the reasonable fees and expenses of not more than one additional firm of attorneys selected by such Underwriter (in addition to local counsel), Selected Dealer and/or Controlling Person shall be borne by the Company. Notwithstanding anything to the contrary contained herein, if any Underwriter, Selected Dealer or Controlling Person shall assume the defense of such action as provided above, the Company shall have the right to approve the terms of any settlement of such action which approval shall not be unreasonably withheld.

  • BILLING PROCEDURE a. The Contractor shall submit, not more than semi-monthly, properly completed A-19 vouchers (the "voucher") to one of the following: The Department of Children, Youth, and Families Attn: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ PO Box 40970 Olympia WA 98504-0970 Or, email a scan of an original, signed A-19 voucher directly to the DCYF Contract Manager at ▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇.▇▇▇ b. Payment to the Contractor for approved and completed work shall be made by warrant or Electronic Funds Transfer by DCYF and considered timely if made within 30 days of receipt of a properly completed voucher. Payment shall be sent to the address designated by the Contractor and set forth in this Contract. c. Each voucher must clearly reference the DCYF Contract Number and the Contractor's Statewide Payee Registration number assigned by the Office of Financial Management (OFM). d. Properly completed vouchers and attachments completed by the Contractor must contain the information described in Exhibit A under the Section titled "Compensation and Voucher Payment".

  • Formal Procedure No different or additional Work or contractual obligations will be authorized or performed unless contemplated within the Scope of Work and memorialized in an amendment or modification of the Contract that is executed in compliance with this Article. No waiver of any term, covenant, or condition of the Contract will be valid unless executed in compliance with this Article. Contractor will not be entitled to payment for Work that is not authorized by a properly executed Contract amendment or modification, or through the express written authorization of HHSC. Any changes to the Contract that results in a change to either the term, fees, or significantly impacting the obligations of the parties to the Contract must be effectuated by a formal Amendment to the Contract. Such Amendment must be signed by the appropriate and duly authorized representative of each party in order to have any effect.

  • 000 GRIEVANCE PROCEDURE 7. 100 It is agreed that it is the spirit and intent of this Agreement to adjust grievances promptly. All grievances, including discharge for just cause, but not those pertaining to jurisdictional disputes that may arise on any work covered by this Agreement, must be initiated within fifteen (15) working days of the incident by either the employee in Step I or the Local Union in Step II and shall be handled in the following manner: