DEMOTION, LAYOFF, TRANSFER Sample Clauses

DEMOTION, LAYOFF, TRANSFER. (1) Selection of employees for demotion, layoff or transfer because of a reduction in the work force shall be based on seniority, provided that the senior employees have the necessary qualifications and ability to perform the job requirements. (2) Employees electing to work in a lower classification as the result of being designated for layoff or being displaced shall retain their former rate of pay until the rate of their new classification catches up if such employees have thirty (30) years of service, or fifteen (15) years of service and are fifty (50) years of age. (3) Seniority and qualifications will determine the ability of a PPTI to displace a PPTII in the event of a layoff, except for employees who were employed in a PPTI classification on or before December 2, 2004 who shall be deemed to have seniority within the PPTII classification in the event of a layoff. (4) Multi-trade is not a classification, it is a premium and shall not play a part in the event of a layoff. Employees receiving multi-trade premiums must designate their primary classification for layoff purposes. (5) Temporary Lay Off (TLO) - Supplemental Unemployment Benefits (SUB) Plan Temporary Lay Off (TLO) is applicable when NSPI is not able to offer other alternative employment options within one hundred (100)km of the employees defined headquarters. The Company and the Union will jointly apply to participate with Human Resources Development Canada in a temporary layoff arrangement. The terms and conditions will be governed by the joint application approved by Human Resources Development Canada and may vary in accordance with this approval. Highlights of this application and plan are as follows: (A) Benefit level calculations are to be within the guidelines of the plan equivalent to 77.5% of normal gross income. In any week, the total amount of SUB and the weekly rate of EI benefits will not exceed 77.5% of the employee's weekly earnings. (B) Employees selected for a SUB Plan will be in accordance with the guidelines of the Collective Agreement in regards to seniority. (C) The Company and the employee will contribute their normal shared contributions to health benefit plans, accidental death, pension and other sundry plans. (D) The employee will continue to earn years of service and seniority credits while on a SUB Plan. (E) The employee will continue to pay regular Union dues while on a SUB Plan. (F) The SUB Plan will be in effect from date of ratification for the life of the Collec...
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Related to DEMOTION, LAYOFF, TRANSFER

  • Effective Date of Transfer Any assignment of a Limited Partner's Interest or Special Limited Partner's Interest pursuant to Section 12.1 shall become effective as of the first day of the calendar month in which the last of the conditions to such assignment are satisfied.

  • Closing of Transfer Books At the Effective Time, the stock transfer books of the Company shall be closed and no transfer of Shares shall thereafter be made.

  • Closing of Transfer Records After the close of business on the Closing Date, transfers of Target Shares outstanding prior to the Effective Time shall not be made on the stock transfer books of the Surviving Corporation.

  • Effective Date of Transfer Certificate A Transfer Certificate becomes effective on the date, if any, specified in the Transfer Certificate as its effective date Provided that it is signed by the Agent under Clause 26.3 on or before that date.

  • Documentation of Transfer Seller shall undertake to file the documents which would be necessary to perfect and maintain the transfer of the security interest in and to the Receivables and Other Conveyed Property.

  • Appointment of Transfer Agent 2.1 Each Fund hereby appoints and constitutes Transfer Agent as transfer agent, registrar and dividend disbursing agent for Shares of the Fund and as shareholder servicing agent for the Portfolios. Transfer Agent accepts such appointment and agrees to perform the duties hereinafter set forth.

  • Identity of Transfer Agent The Transfer Agent for the Common Stock is Corporate Stock Transfer, Inc. with a mailing address of 3000 Xxxxxx Xxxxx Xxxxx Xxxxx #000, Xxxxxx, XX 00000. Upon the appointment of any subsequent transfer agent for the Shares, the Company will mail to the Warrant Holder a statement setting forth the name and address of such transfer agent.

  • Effect of Transfer Within Escrow After the transfer of escrow securities within escrow, the escrow securities will remain in escrow and released from escrow under this Agreement as if no transfer has occurred on the same terms that applied before the transfer. The Escrow Agent will not deliver any share certificates or other evidence of the escrow securities to transferees under this Part 5.

  • Documentation of Transfers You can receive a transaction receipt at the time you make any transfer to, from, or between your account(s) using an ATM. · If you have arranged to have direct deposits (which are electronic funds transfers as described in Section 4) made to your asset account(s) at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money. You may visit any branch, call us at 000-000-0000 or 000-000-0000, or access your transaction history via ComputerLine, MoneyLine, Green on the Go® for mobile, or the MSUFCU Mobile app to find out whether the deposit has been made. · You will get a statement every month if you have authorized any electronic funds transfer service described in Section 4. If no electronic funds transfer occurs in a particular calendar quarter, you will still receive a statement for that quarter. However, for an asset account to which you have authorized no electronic funds transfers other than preauthorized credits, you will get a statement quarterly. On any account considered dormant, a statement will be sent to you annually. · Periodic statements we send you on accounts that are subject to electronic funds transfers described in Section 4 and transaction receipts issued by an ATM are admissible evidence. · Your right to documentation as set forth above in this section does not apply when the electronic funds transfer occurs outside of the United States.

  • Conveyance of Transferred Assets In consideration of the Issuer’s sale and delivery to, or upon the order of, the Seller of all of the Notes and the Certificate on the Closing Date, the Seller does hereby irrevocably sell, transfer, assign and otherwise convey to the Issuer without recourse (subject to the obligations herein) all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Transferred Assets, as evidenced by an assignment substantially in the form of Exhibit A delivered on the Closing Date. The sale, transfer, assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Seller or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto.

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