Involuntary Trial Service Rights (Following a Voluntary Demotion Sample Clauses

Involuntary Trial Service Rights (Following a Voluntary Demotion. An employee who, following a voluntary demotion, is removed from a position during the trial service period will have the right to revert to a vacant position or a position held by a probationary employee for which the employee meets the position requirements which has the same or lower salary range maximum as the class from which the employee is reverting. If the employee is not returned to a vacant position or a position held by a probationary employee, the employee may request to be placed on the appropriate layoff list(s) in accordance with the terms of this Agreement.
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Related to Involuntary Trial Service Rights (Following a Voluntary Demotion

  • Voluntary Demotion An employee requesting a voluntary demotion from a higher-rated position and who is subsequently demoted to the lower-rated position, shall be paid on the increment step appropriate to the employee’s continuous service with the Employer. A voluntary demotion shall not change an employee’s anniversary date.

  • Involuntary Bankruptcy; Appointment of Receiver, Etc (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of Company or Holdings in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against Company or Holdings under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Company or Holdings, or over all or a substantial part of its respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of Company or Holdings for all or a substantial part of its respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Company or Holdings, and any such event described in this clause (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

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