Employer Initiated New or Revised Classification Sample Clauses

Employer Initiated New or Revised Classification. The Employer shall provide the Union with a copy of the draft job description for any proposed new classification or revision to an existing classification. Upon receipt of the draft job description the Union shall have thirty (30) calendar days to make representation to the Employer before it is finalized. The Employer shall give notice to the Union when the job description is finalized and any intention to negotiate a new rate of pay. After giving notice, even if there is no agreement on the rate of pay, the Employer may post and fill a vacant position at the rate proposed by the Employer, subject to the Union’s right to grieve. If the Union is dissatisfied with the rate of pay proposed by the Employer, and failing settlement of the matter through negotiation, the Union shall within twenty-one (21) calendar days of receipt of written notice of the establishment of the rate of pay, file a grievance in accordance with Article 9 – Dispute Resolution Process. The decision on the rate of pay reached during the Dispute Resolution Process shall be retroactive to the date of filling the vacancy.
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Related to Employer Initiated New or Revised Classification

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

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