BUMP PROCESS Sample Clauses

The BUMP PROCESS clause establishes a procedure that allows a party to match or exceed an offer made by a third party, typically in the context of rights of first refusal or similar arrangements. In practice, if one party receives a bona fide offer from an outside party, the other party is given a specified period to 'bump' or match the terms of that offer to retain their rights or interests. This mechanism ensures that the original party has a fair opportunity to maintain their position or asset, thereby protecting their interests and preventing loss to external competitors.
BUMP PROCESS. (a) Any employee losing their position due to a cur- tailment of work will exercise their seniority by bumping in order of seniority. Only employees bumped from their position shall be eligible to bump, providing the employee has the qualifica- tions to perform all the required duties of the new position. (b) Providing that employees had advance notice of a bump, they will be given a designated time to bump and will have fifteen (15) minutes to de- cide their preferred position. (c) The junior overall employee bumped will have to take an available full-time position. If there are no full-time positions available, he will be subject to layoff or may bump a junior person on the overall seniority list within the bargaining unit. (d) Each bump will be documented and signed by the affected employees, the Union ▇▇▇▇▇▇▇ and the Company Manager. 1. It is agreed and understood that the Company may employ and staff in any or all of the rural locations listed below and potentially employ people in other areas if business factors require. 2. Retainer fees payable fully compensated for the fol- lowing: (a) Being available via pager to receive notification of emergency service and repair calls. (b) Traveling to and from ABM machines to carry out emergency repairs and service calls. (c) Performing necessary emergency repairs and service calls. (d) Traveling to and from ABM machines to meet technical representatives. (e) Waiting while technical representatives perform technical services, maximum 30 minutes per in- dividual call. (f) Mileage charges relating to any business travel required to carry out the above service.
BUMP PROCESS. (a) Any employee losing their position due to a curtailment of work will exercise their seniority by bumping in order of seniority. Only employees bumped from their position shall be eligible to bump, providing the employee has the qualifications to perform all the required duties of the new position. (b) Providing that employees had advance notice of a bump, they will be given a designated time to bump and will have fifteen (15) minutes to decide their preferred position. (c) The junior overall employee bumped will have to take an available full- time position. If there are no full-time positions available, he will be subject to layoff or may bump a junior person on the overall seniority list within the bargaining unit. (d) Each bump will be documented and signed by the affected employees, the Union ▇▇▇▇▇▇▇ and the Company Supervisor. (Underwritten by ACE INA Insurance) See description Waiting Period Injury No waiting period Disease 3 consecutive normal working shifts Maximum Benefit Period 104 weeks Amount 70% of your weekly earnings to a maximum benefit equal to the maximum weekly payment under the Employment Insurance Act for the first 15 weeks and $250 per week maximum thereafter Individual $25 each calendar year Family $50 each calendar year The individual and family deductibles do not apply to Visioncare and In-Canada Hospital expenses Reimbursement Levels In-Canada Hospital and Visioncare Expenses 100% All Other Expenses 80% Basic Expense Maximums Hospital (Semi-private room) Semi-private room Nursing $10,000 every 3 consecutive calendar years In-Canada Prescription Drugs Included (generic substitution mandatory where available) Drugs Used To Treat Erectile Dysfunction $1,000 each calendar year Smoking Cessation Products $125 lifetime Fertility Drugs $6,000 lifetime Custom-fitted Orthopedic Shoes $250 each calendar year Custom-made Foot Orthotics $200 every 2 calendar years, $200 each calendar year for dependents under 18 years Myoelectric Arms $10,000 per prosthesis External Breast Prosthesis 1 every 12 months Surgical Brassieres 2 every 12 months Mechanical or Hydraulic Patient Lifters $2,000 per lifter once every 5 years Outdoor Wheelchair Ramps $2,000 lifetime Blood-glucose Monitoring Machines 1 every 4 years Transcutaneous Nerve Stimulators $700 lifetime Extremity Pumps for Lymphedema $1,500 lifetime Custom-made Compression Hose 4 pairs each calendar year Wigs for Cancer Patients $200 lifetime Paramedical Expense Maximums Chiropractors $300 ea...
BUMP PROCESS. (a) Any employee losing their bid position (or posting) due to a curtailment of work will exercise their seniority by bumping in order of seniority. Only employees bumped from their position shall be eligible to bump, providing the employee has the qualifications to perform all the required duties of the new position.
BUMP PROCESS. (a) Any employee losing their bid position (or post- ing) due to a curtailment of work will exercise their seniority by bumping in order of seniority. Only employees bumped from their position shall be eligible to bump, providing the employee has the qualifications to perform all the required duties of the new position. (b) Providing that employees had at least one (1) week’s advance notice of a bump, they will be given a designated time to bump and in the pres- ence of the union ▇▇▇▇▇▇▇ will have fifteen (15) minutes to decide their preferred position. (c) The junior overall employee bumped will have to take an available full-time position. If there are no full-time positions available, they will be reduced to casual or be subject to layoff or may bump a jun- ior person on the overall seniority list within the bargaining unit. (d) Each bump will be documented and signed by the affected employees, the Union ▇▇▇▇▇▇▇ and the Company Supervisor. (e) Each week, by 3:00 P.M. on Tuesday, Spare em- ployees, in order of seniority, will select open pos- itions on the following week’s schedule. Employ- ees that fail to select by this time will be assigned as needed, regardless of their seniority. 1. The parties agree thatservice work” and “cash transfer work” within Elliot Lake Triangle and the Sault, may be contracted out subject to the following restrictions: (a) The work may only be performed by contractors in the geographic area identified above; (b) “Service work” only consists of maintenance work on ABM’s. Service work does not include any cash loading or emergency cash loading. (c) The following “cash transfer work” is currently be- ing performed by contractors” i. The Sault – 20 stops/week (3 ▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇ daily 5 days/week; ii. Elliot Lake Triangle – 15 stops/week (3 each day at ▇▇ ▇▇▇▇▇ 5 days/week); In the event the two areas have 10 or more stops/ week to be done by a contractor in addition to the cash transfer work currently being done by the con- tractor in that geographic area, the Company must obtain consent from the Union as set out in para- graph 2 below: 2. The Company, in order to assist the Union in monitoring the work referred to in paragraph 1, that is being done by contractors, agree to provide the Union with a listing of all work performed by contractors in The Sault on a monthly basis effective April 2004. The listing shall describe the work in a manner consistent with paragraph 1 and shall show the total hours worked by the Contrac...