Effect of Reassignment. The County recognizes that a vehicle assignment which provides free commutation to an employee, while not the primary purpose of such assignment, nonetheless is a secondary benefit conferred those employees. Accepting that premise the parties agree that if as a result of economies, realignment of duties, or reevaluation of priorities the County withdraws the assignment of a vehicle from a particular employee, that employee shall be entitled to replacement compensation as described hereafter. Since the only permissible use of a County vehicle is for a public purpose or commutation said compensation shall be calculated on a mileage reimbursement formula as set forth in Paragraph l of this section multiplied by the shortest road distance from the employee’s residence to his assigned work station and return on a five day a week basis. Said compensation shall be paid to such effected employee for a period of one year, except as is set forth in paragraph 4 immediately below.
Effect of Reassignment. Recertification on Skill Pays When a “skill” or additional pay referenced in this MOU is the result of assignment to specified duties or hours, or of maintenance of a registration, certificate, or other credential, the loss of the skill or additional pay due to the end of the assignment or failure to maintain the required registration, certificate, or credential shall not constitute a demotion, pursuant to Section 2.04.680 of the Municipal Code.
Effect of Reassignment. To reassign Receivables, we may charge first against your Reserve Account or Operating Account an amount equal to the unpaid balance of the reassigned Receivables, including accrued and unpaid finance charges on the date of reassignment. The reassignment shall be effective automatically upon the chargeback to you. In the event the Reserve Account or other account is insufficient to satisfy the balance of the reassigned Receivable, you agree that we may immediately fund and make advances pursuant to your Line of Credit with us as necessary to pay the deficiency amount due to us. Notwithstanding any provision to the contrary, you do not agree to pay and we do not intend to contract for, reserve, charge or collect any rate of interest which is higher than the maximum rate of interest we could charge under applicable law for the extension of credit that is agreed to in this Agreement. If any notice of interest accrual is sent and is in error, you and we mutually agree to correct it, and if we actually collect more interest than allowed by law and this Agreement, we agree to refund the excess portion. Any interest in excess of that maximum amount shall be credited to the principal amount of your Obligations relating to this Agreement, or, if the principal amount of the debt has been paid, refunded to your Operating Account.
Effect of Reassignment. A vehicle assignment which provides free commutation to an employee between their assigned work station and their residence or domicile is an incidental convenience of work and not a term or benefit of employment. The parties agree that if as a result of economics, realignment of duties, or reevaluation of priorities, the County withdraws the assignment of a vehicle from a particular employee on a minimum of 6 months notice, that employee shall not be entitled replacement compensation. If notice is less than 6 months, compensations shall be paid to the employee and calculated on the mileage reimbursement formula set forth in the County Personnel Policy for mileage reimbursement for use of personal vehicles, section 1:15 (1), multiplied by the shortest road distance on Mapquest from the employee’s nearest residence or domicile, whichever is closer, to his or her assigned nearest work station and return on a five day a week basis (or lesser time if relevant to such employee). Said compensation shall be paid to such effected employee for a period of six (6) months.
Effect of Reassignment. Prior to reassigning any receivable, the Bank may charge against the Business reserve (which reserve includes funds from other receivables not the subject of the reassignment) or other account with the Bank, an amount equal to the unpaid balance of the receivables proposed to be reassigned, including accrued and unpaid financial service charges to the date of such reassignment. If the reserves are inadequate to fully pay the Bank all amounts owed with respect to the receivables proposed to be reassigned, the Business shall be deemed to be in default under Section 3.1
Effect of Reassignment. In the event that the Executive's employment is terminated due to Reassignment (as defined in Section 5(c)(iv) hereof), the Executive will be entitled to commence payment of his Supplemental Benefit at any time he elects provided he has completed six (6) months of such Reassignment or earlier upon any termination of employment after such Reassignment. Payment of the Supplemental Benefit shall be made to the Executive in accordance with the benefit payment option he elects pursuant to Section 4(d)(iii) above. The Company shall have the obligation to pay the Executive's Supplemental Benefit if the Executive's employment with the Company terminates due to Reassignment. However, if the Reassignment occurs in connection with or after a Change in Control, the Company shall not have the obligation to pay the Supplemental Benefit. In this event, SUEZ shall be required to assume, in writing, the obligation to pay the Supplemental Benefit to the Executive as a condition of the Reassignment. In no event shall the Executive be entitled to the forbearance of the actuarial reduction provided in Section 4(d)(vi) if his termination is due to Reassignment in connection with or after a Change in Control.
Effect of Reassignment. The Enrolled Affiliate acknowledges that reassignments made in accordance with this Section will not be reflected in the Volume Licensing Service Center (VLSC). It will be the responsibility of the Government Partner to ensure accurate accounting for the reassignment and invoicing adjustments.
