FORFEIT OF RECALL RIGHTS Sample Clauses

FORFEIT OF RECALL RIGHTS. An employee who declines recall to a position with fewer hours or a lower pay rate shall forfeit his/her rights to that specific position, but not to other positions and/or future recalls. An employee who declines recall to a position with equal or greater hours and at least the same rate shall automatically lose all recall rights and rights to employment.
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FORFEIT OF RECALL RIGHTS. Employees bumping successfully who thereafter successfully bid for a promotion to a classification with the same or higher maximum pay rate as the classification from which they were laid off, shall forfeit recall rights to the classification from which they were laid off.

Related to FORFEIT OF RECALL RIGHTS

  • No Rights as Stockholder Until Exercise; No Settlement in Cash This Warrant does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Warrant Shares on a “cashless exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in no event shall the Company be required to net cash settle an exercise of this Warrant.

  • No Rights as Shareholder Until Exercise; No Settlement in Cash This Warrant does not entitle the Holder to any voting rights, dividends or other rights as a shareholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Warrant Shares on a “cashless exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in no event shall the Company be required to net cash settle an exercise of this Warrant.

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