Classification Downgrading Sample Clauses

Classification Downgrading. Any downgrading of a classification shall not become effective until the employee(s) affected has had an opportunity to appeal the decision through the appeals procedure described in Section F above. As long as the employee(s) remains in the same position, the salary of the employee(s) reclassified downward may be:
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Related to Classification Downgrading

  • Rating The Notes can be issued without the requirement that they have any rating from a nationally recognized statistical rating organization.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

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