Common use of Cancellation Fees Clause in Contracts

Cancellation Fees. a) Cancellation fees shall be paid at the rate of $500 for each 1/8 reduction of a full workload to a maximum of $4,000. If a non-regular type 2 faculty member is reassigned and that reassignment does not result in a loss of income, no cancellation fee will be paid. b) When workload is partially reduced and cancellation fees are paid, a non-regular type 2 faculty member still retains non-regular type 2 status along with pro-rated entitlements provided the criteria in Article 1.05

Appears in 23 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Cancellation Fees. β€Œ (a) Cancellation fees shall be paid at the rate of $500 for each 1/8 reduction of a full workload to a maximum of $4,000. If a non-regular type 2 faculty member is reassigned and that reassignment does not result in a loss of income, no cancellation fee will be paid. (b) When workload is partially reduced and cancellation fees are paid, a non-regular type 2 faculty member still retains non-regular type 2 status along with pro-rated entitlements provided the criteria in Article 1.05

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Cancellation Fees. (a) Cancellation fees shall be paid at the rate of $500 for each 1/8 reduction of a full workload to a maximum of $4,000. If a non-regular type 2 faculty member is reassigned and that reassignment does not result in a loss of income, no cancellation fee will be paid. (b) When workload is partially reduced and cancellation fees are paid, a non-regular type 2 faculty member still retains non-regular type 2 status along with pro-rated entitlements provided the criteria in Article 1.05

Appears in 1 contract

Samples: Collective Agreement

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