EXTRAORDINARY FINANCIAL EXIGENCY Sample Clauses

EXTRAORDINARY FINANCIAL EXIGENCY. 29.01 When a College plans to reduce the number of full-time regular employees who have completed the probationary period by lay-off of five percent or 20 employees whichever is less because of an extraordinary financial exigency the following provisions shall apply prior to the application of the procedures set out in 27.05 (vii) and 27.06 A.
AutoNDA by SimpleDocs
EXTRAORDINARY FINANCIAL EXIGENCY. When a College plans to reduce the number of full-time regular employees who have completed the probationary period by lay-off of five percent or employees whichever is less because of an extraordinary financial exigency the following provisions shall apply prior to the application of the procedures set out in and In the above circumstances the College shall give written notification to the Union Local President and the College Employment Stability Committee of the College's plan to reduce the number of full-time regular employees who have -completed the probationary period by lay-off of five percent or employees whichever is less and indicate the courses, programs and services to be reduced or eliminated and provide the Union Local and the with the budgetary data used by the College in reaching its tentative decision for a planned staff reduction. During the calendar day period following such notification, the shall be given an opportunity to present its recommendations or advice on measures to deal with the extraordinary financial exigency that may include: the budgetary measures other than, or in addition to, reduction in the full-time academic salary budget, which might be resorted to in order to prevent or minimize such salary budget reduction; whether the utilization of other means such as normal retirement, voluntary early retirements, leaves or transfers can postpone or alleviate the need to discontinue appointments; the size of the required reduction, if any, in the full-time academic salary budget; a set of priorities for meeting the exigency and a proposal on how any required reductions in the full-time academic salary budget could be accommodated within such priorities; whether or not, and to what extent, any required reductions could be accommodated, in whole or in part by: adjusting faculty instructional assignments; curtailing certain academic programs. The College shall not proceed with its plan to reduce the number of full-time employees referred to in until the expiry of the calendar day period referred to in or receipt of the recommendations or advice, whichever should first occur. The may have other persons at its meetings to assist in examination of the planned reduction of employees. Article
EXTRAORDINARY FINANCIAL EXIGENCY. 29.01 When a College plans to reduce the number of full-time regular em- ployees who have completed the probationary period by lay-off of five percent or 20 employees whichever is less because of an extraordinary financial exigency the following provisions shall apply prior to the application of the procedures set out in 27.05 (vii) and 27.06.
EXTRAORDINARY FINANCIAL EXIGENCY. When a College plans to reduce the number of full-time regular employees who have completedthe probationary period by lay-off of five (5) percent or twenty (20) employeeswhichever is less becauseof an extraordinary financial exigency the following provisions shall app- ly prior to the application of the procedures set out in Article and of this Agreement. In the above circumstances the College shall give written noti- fication to the Union Local President and the College Employment Stability Committee of the College’s plan to reduce the num- ber of full-time regular employees who have completed the probation- ary period by lay-off of five (5) percent or twenty (20) employees whichever is less and indicatethe courses, programs and services to be reduced or eliminatedand providethe UnionLocal and the College Employment Stability Committee with the budgetary data used by the College in reaching its tentative decision for a planned staff reduction. During the thirty (30) calendar day period following such the shall be given an opportunity to present its recom- mendations or advice on measures to deal with the extraordinary financial exigency that may include:
EXTRAORDINARY FINANCIAL EXIGENCY. When a College plans to reduce the number of full-time regular employees who have completed the probationary period by lay-off of five percent or employees whichever is less because of an extraordinary financial exigency the following provisions shall apply prior to the application of the procedures set out in and In the above circumstances the College shall give written notification to the Union Local President and the College Employment Stability Committee of the College's plan to reduce the number of full-time regular employees who have -completed the probationary period by lay-off of five percent or employees whichever is less and indicate the courses, programs and services to be reduced or eliminated and provide the Union Local and the with the budgetary data used by the College in reaching its tentative decision for a planned staff reduction. During the calendar day period following such notification, the shall be given an opportunity to present its recommendations or advice on measures to deal with the extraordinary financial exigency that may include: the budgetary measures other than, or in addition to, reduction in the full-time academic salary budget, which might be resorted to in order to prevent or minimize such salary budget reduction; whether the utilization of other means such as normal retirement, voluntary early retirements, leaves or transfers can postpone or alleviate the need to discontinue appointments; the size of the required reduction, if any, in the full-time academic salary budget; a set of priorities for meeting the exigency and a proposal on how any required reductions in the full-time academic salary budget could be accommodated within such priorities; whether or not, and to what extent, any required reductions could be accommodated, in whole or in part by: adjusting faculty instructional assignments; curtailing certain academic programs. The College shall not proceed with its plan to reduce the number of full-time employees referred to in until the expiry of the calendar day period referred to in or receipt of the recommendations or advice, whichever should first occur. The may have other persons at its meetings to assist in examination of the planned reduction of employees. Article

Related to EXTRAORDINARY FINANCIAL EXIGENCY

  • Extraordinary Event Registry Operator will use commercially reasonable efforts to restore the critical functions of the registry within twenty-­‐four (24) hours after the termination of an extraordinary event beyond the control of the Registry Operator and restore full system functionality within a maximum of forty-­‐eight (48) hours following such event, depending on the type of critical function involved. Outages due to such an event will not be considered a lack of service availability.

  • Extraordinary Events No fault if failure due to an Extraordinary Event

  • Independent Evaluation Buyer is experienced and knowledgeable in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, accounting, marketing, land, engineering, environmental and other professional counsel concerning this transaction, the Subject Property and value thereof.

  • FINANCIAL EVALUATION (a) The financial bid shall be opened of only those bidders who have been found to be technically eligible. The financial bids shall be opened in presence of representatives of technically eligible bidders, who may like to be present. The institute shall inform the date, place and time for opening of financial bid.

  • Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

  • Termination in the Event of Financial Difficulties If the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver the Funder will consult with the Director before determining whether this Agreement will be terminated. If the Funder terminates this Agreement because a person has exercised a security interest as contemplated by section 107 of the Act, the Funder would expect to enter into a service accountability agreement with the person exercising the security interest or the receiver or other agent acting on behalf of that person where the person has obtained the Director's approval under section 110 of the Act and has met all other relevant requirements of Applicable Law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!