Downturn in Business Sample Clauses

Downturn in Business. 7.5.1 Where there is a demonstrable downturn in business the Company will call for volunteers to reduce hours, call for volunteers to redeploy to another site and call for volunteers to take leave of absence including unpaid leave. 7.5.2 If the required reduction in hours has still not been met and the affected employee so invites, the Company will initiate discussions with the employees potentially affected and the employee’s representative of the employee’s choice (which may be the Union if the employee so chooses) to see if any agreement can be reached on a reduction in hours. Provided that in the event that hours are reduced the affected part time employees must have the first option of any hours to restore the agreed number of hours as the opportunity arises.
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Downturn in Business. 7.5.1 Where there is a demonstrable downturn in business, the Company will call for volunteers to reduce hours, call for volunteers to redeploy to another site and call for volunteers to take leave of absence including unpaid leave. 7.5.2 If the required reduction in hours has still not been met and the affected employee so invites, the Company will initiate discussions with the employees potentially affected and the employee’s representative of the employee’s choice (which may be the Union if the employee so chooses) to see if any agreement can be reached on a reduction in hours. Provided that in the event that hours are reduced, the affected Part-time employees must have the first option of any hours to restore the agreed number of hours as the opportunity arises. 7.5.3 A Part-time employee who has the skills, ability and training to do the work will not have their hours reduced before a casual employee’s hours are reduced. 7.5.4 A Part-time employee’s hours will not be reduced by more than 20% per annum, nor below the minimum number of hours for a Part-time employee. 7.5.5 The employee must be advised that they have the right, if they so choose, to notify the Union of any reduction in hours proposed by the Company pursuant to this clause. Any such reduction in hours must be with the agreement in writing of the affected employee and if requested by the employee, the Union. If there is no Agreement, the Company may refer the matter to FWA as per Clause 34 – Dispute and Grievance Procedure.
Sample 1
Downturn in Business. (A) Where there is a demonstrable downturn in business the company will call for volunteers to reduce hours, call for volunteers to redeploy to another store and call for volunteers to take leave of absence including unpaid leave. (B) If the required reduction in hours has still not been met and the affected employee so invites, the SDA will have discussions with the employees potentially affected and the employer to see if any agreement can be reached on a reduction in hours. Provided that in the event that hours are reduced the affected part time employees must have the first option of any hours to restore the agreed number of hours as the opportunity arises. (C) A part time employee who has the skills, ability and training to do the work will not have their hours reduced before a casual’s hours. (D) A part time employee’s hours will not be reduced by more than 20% per annum, nor below the minimum number of hours for a part time employee. (E) The employee must be advised that they have the right to notify the SDA of any reduction in hours proposed by the employer pursuant to this clause. Any such reduction in hours must be with the agreement in writing of the affected employee and if requested by the employee, the SDA. If there is no Agreement, the Company may refer the matter to the Australian Industrial Relations Commission as per Clause 28 –
Sample 1

Related to Downturn in Business

  • Change in Business Borrower shall not enter into any line of business other than the ownership and operation of the Property, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.

  • Changes in Business Neither the Borrower nor any of its Subsidiaries will engage in any business if, as a result, the general nature of the business, taken on a consolidated basis, which would then be engaged in by the Borrower and its Subsidiaries, would be substantially changed from the general nature of the business engaged in by the Borrower and its Subsidiaries on the Closing Date.

  • DISADVANTAGED BUSINESS ENTERPRISE OR HISTORICALLY UNDERUTILIZED BUSINESS REQUIREMENTS The Engineer agrees to comply with the requirements set forth in Attachment H, Disadvantaged Business Enterprise or Historically Underutilized Business Subcontracting Plan Requirements with an assigned goal or a zero goal, as determined by the State.

  • No Change in Business The Issuer covenants that it shall not make any change in the character of its business.

  • Material Change in Business Seller shall not make any material change in the nature of its business as carried on at the date hereof.

  • Disadvantaged Business Enterprises In connection with the performance of this Agreement, the Municipality/Sponsor shall cause its contractors to cooperate with the State in meeting its commitments and goals with regard to the utilization of Disadvantaged Business Enterprises (DBEs) and will use its best efforts to ensure that DBEs will have opportunity to compete for subcontract work under this Agreement. Also, in this connection the Municipality or Municipality/Sponsor shall cause its contractors to undertake such actions as may be necessary to comply with 49 CFR Part 26. As a sub-recipient under 49 CFR Part 26.13, the Municipality/Sponsor hereby makes the following assurance. The Municipality/Sponsor shall not discriminate on the basis of race, color, national origin, or sex in the award and performance of any United States Department of Transportation (USDOT)-assisted contract or in the administration of its Disadvantaged Business Enterprise (DBE) program or the requirements of 49 CFR Part 26. The Municipality/Sponsor shall take all necessary and reasonable steps under 49 CFR Part 26 to ensure nondiscrimination in the award and administration of the United States Department of Transportation-assisted contracts. The New York State Department of Transportation’s DBE program, as required by 49 CFR Part 26 and as approved by the United States Department of Transportation, is incorporated by reference in this agreement. Implementation of this program is a legal obligation and failure to carry out its terms shall be treated as a violation of this agreement. Upon notification to the recipient of its failure to carry out its approved program, the USDOT may impose sanctions as provided for under part 26 and may, in appropriate cases, refer the matter for enforcement under 18 U.S.C. 1001 and/or the Program Fraud Civil Remedies Act of 1986 (31 U.S.C. 3801 et seq.).

  • Outside Businesses Subject to the provisions of Section 6.3, any Covered Person, the Sponsor, the Delaware Trustee and the Property Trustee may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the activities of the Trust, and the Trust and the Holders of Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the activities of the Trust, shall not be deemed wrongful or improper. No Covered Person, the Sponsor, the Delaware Trustee or the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the Sponsor, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Sponsor or any Affiliate of the Sponsor, or may act as depositary for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Sponsor or its Affiliates.

  • Disadvantaged Business Enterprise To the extent authorized by applicable federal laws, regulations, or requirements, the Recipient agrees to facilitate, and assures that each Third Party Participant will facilitate, participation by small business concerns owned and controlled by socially and economically disadvantaged individuals, also referred to as “Disadvantaged Business Enterprises” (DBEs), in the Underlying Agreement as follows:

  • No Material Adverse Change in Business Except as otherwise stated therein, since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, (A) there has been no material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business (a “Material Adverse Effect”), (B) there have been no transactions entered into by the Company or any of its subsidiaries, other than those in the ordinary course of business, which are material with respect to the Company and its subsidiaries considered as one enterprise, and (C) there has been no dividend or distribution of any kind declared, paid or made by the Company on any class of its capital stock.

  • Historically Underutilized Businesses (“HUBs”). In accordance with state law, it is TFC’s policy to assist HUBs whenever possible to participate in providing goods and services to the agency. TFC encourages those parties with whom it contracts for the provision of goods and services to adhere to this same philosophy in selecting subcontractors to assist in fulfilling PSP’s obligations with TFC. If PSP subcontracts with others for some or all of the services to be performed under an Assignment to this Agreement, PSP shall comply with all HUB requirements pursuant to Chapter 2161 of the Texas Government Code. At or prior to the execution of an Assignment with a value that is anticipated to meet or exceed One Hundred Thousand and No/100 Dollars ($100,000.00), PSP must provide a completed HUB Subcontracting Plan, which shall be approved by TFC prior to execution of the Assignment. A copy of the HUB Subcontracting Form is attached hereto and incorporated herein for all purposes as Exhibit G. PSP shall provide the HUB Program of TFC with pertinent details of any participation by a HUB in fulfilling the duties and obligations arising under an Assignment, on the HUB Subcontracting Plan Progress Assessment Report (“PAR”). A copy of the PAR Form is attached hereto and incorporated herein for all purposes as Exhibit H.

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