Change to Minimum Bid Period Guarantee Sample Clauses

Change to Minimum Bid Period Guarantee a. A pilot’s minimum bid period guarantee shall be reduced by the net number of CH by which the pilot’s actual credit hour compensation for a bid period is less than his BLG/RLG as a result of activities being dropped from his awarded line with reduced pay or without pay. Examples of reduced pay include: trips dropped and trip traded down to a lesser value. Examples of trips dropped without pay include: pilot requested drops, phase-in conflict, transition to inactive pay status, emergency drop and disciplinary suspension. b. The minimum bid period guarantee shall be reduced to a minimum of 48/60 CH before any pilot is furloughed. At least a full bid period must follow the announcement of this action. This provision shall only be used to prevent or delay a furlough.
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Change to Minimum Bid Period Guarantee a. A pilot's minimum bid period guarantee shall be reduced by the net number of CH by which the pilot's actual credit hour compensation for a bid period is less than his BLG/RLG as a result of activities being dropped from his awarded line with reduced pay or without pay. Intent: Examples of reduced pay include: trips dropped and trip traded down to a lesser value. b. The minimum bid period guarantee shall be reduced to a minimum of 48/60/72 CH before any pilot is furloughed. At least a full bid period must follow the announcement of this action. This provision shall only be used to prevent or delay a furlough.
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Change to Minimum Bid Period Guarantee a. A pilot's minimum bid period guarantee shall be reduced by the net number of CH by which the pilot's actual credit hour compensation for a bid period is less than the pilot’s BLG/RLG as a result of activities being dropped from the pilot’s awarded line with reduced pay or without pay. b. If the System Wide Average Metric (XXX) falls below 68/85/102 CH for two consecutive bid periods, unless otherwise agreed to by the Association, the Company shall employ the measures set out in Section 4.A.2.b. i. The Company and the Association shall agree to the sequence and extent of the following: (a) Offer voluntary leaves of absences in certain crew positions as determined by the Company; (b) To an extent determined by the Company, consider an early retirement incentive as provided in Section 23.C.; (c) Administer Section 25.L.6. (Make-Up), system-wide, such that a pilot will not be eligible for a make-up assignment unless the pilot has at greater than a zero (i.e., at least 0:01) CH bank balance; (d) Reduce the BLG limit found in Section 25.L.8. (Trading with Open Time), system-wide, from +12 CH to +6 CH; (e) If not already employed prior to Section 4.A.2.b. being triggered, limit the construction of carryover TAFB into the subsequent bid period as follows: (1) In crew positions whose average BLG is below 68/85/102 CH, domestic carryover shall be limited to 48 hours TAFB; and (2) In crew positions whose average BLG is below 68/85/102 CH, international carryover shall be limited such that no more than 2% of total CH in any bid period package shall be attributable to carryover flying in excess of 168 hours TAFB; ii. The application of Section 4.A.2.b. shall cease when the XXX climbs above 70/87/105 CH for two consecutive, non-peak bid periods, or as otherwise agreed by the Company and the Association. c. If the System Wide Average Metric (XXX) has fallen below 64/80/96 CH for two consecutive bid periods, notwithstanding the application of Section 4.A.2.b., the minimum bid period guarantee shall be reduced to a minimum of 54/68/81 CH. For the bid periods during which Section
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Related to Change to Minimum Bid Period Guarantee

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Amounts; Limitation on Number of Borrowings At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of 8 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.

  • 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.

  • Minimum Call-Back Time All employees who are called out and required to work in an emergency outside their regular working hours shall be paid for a minimum of two (2) hours at overtime rates and shall be paid from the time they leave home to report for duty until the time they arrive back upon proceeding directly from work.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

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