Deviation from Retention Points Sample Clauses
The 'Deviation from Retention Points' clause defines the conditions under which the standard retention points specified in a contract may be altered. In practice, this clause allows parties to agree on exceptions or modifications to the usual retention schedule, such as adjusting the percentage of payment withheld or changing the milestones at which retention is released. Its core function is to provide flexibility in managing cash flow and risk allocation, ensuring that the retention mechanism can be tailored to suit the specific needs or circumstances of a project.
Deviation from Retention Points. The Board of Supervisors may approve deviations from the order of layoff by retention points or demotions in lieu of layoff (bumping) when retention points order alone would result in retaining employees unable to maintain a satisfactory level of performance in the department affected. In such cases, the Department Head or designee shall fully justify and document the reasons therefore. The affected employees shall be provided a written notice of the department's request, reasons therefore and the date the Board of Supervisors shall consider the department's request.