Common use of Financial Emergency Clause in Contracts

Financial Emergency. Reductions Not Covered by the Exigency Policy 21.7.1 The University will notify the Union when a financial emergency will require a reduction in force. If in the University’s judgment emergency action is necessary, the President will present justifications for the declaration of a financial emergency. 21.7.2 Although the conditions that constitute an emergency may continue indefinitely, the emergency response to these conditions will extend no longer than two years. 21.7.3 The re-employment provisions specified in 21.5 will apply.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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