Method of Reduction. The Covered Payments shall be reduced in a manner that maximizes the Executive’s economic position. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A of the Code; provided, that, (i) cash payments shall be reduced before non-cash payments; and (ii) payments to be made on a later payment date shall be reduced before payments to be made on an earlier payment date.
Method of Reduction. Notwithstanding any provision herein to the contrary, if the Reduction Method or the Pro Rata Reduction Method would result in any portion of the Payments being subject to taxes pursuant to Section 409A that would not otherwise be subject to taxes pursuant to Section 409A, then the Reduction Method and/or the Pro Rata Reduction Method, as the case may be, shall be modified so as to avoid the imposition of taxes pursuant to Section 409A as follows: (i) as a first priority, the modification shall preserve to the greatest extent possible, the greatest economic benefit for Executive as determined on an after-tax basis; (ii) as a second priority, Payments that are contingent on future events (e.g., being terminated without Cause), shall be reduced (or eliminated) before Payments that are not contingent on future events; and (iii) as a third priority, Payments that are “deferred compensation” within the meaning of Section 409A shall be reduced (or eliminated) before Payments that are not deferred compensation within the meaning of Section 409A.
Method of Reduction. Reduction not achieved through attrition may be made by suspending employment contracts. Within the teaching field affected, continuing contract members shall have a preference over limited contract members irrespective of seniority. For suspension of limited or continuing contracts during the term of the member’s contract, for the reasons set forth in the Preface, the procedures shall be as follows: Among bargaining unit members within each of these two (2) groups (i.e., the group holding continuing teaching contracts and the group holding limited teaching contracts in each area of certification affected), the Board shall not give preference to any member based on seniority, except when making a decision between members who have comparable evaluations. The definition of comparable evaluations will fall into three separate tiers: 1. Accomplished Members
Method of Reduction. 13 A. METRO shall determine the positions to be eliminated. Layoffs shall occur by 14 inverse classification seniority, except as otherwise specified in this AGREEMENT.
15 B. A laid-off employee who has attained regular status in another job classification 16 may displace a less senior Employee in such classification, provided that the laid-off employee has 17 obtained all necessary certifications to perform the duties of such classification. A position in the 18 highest-paying classification in which there is a less senior Employee and in which the employee 19 previously has attained regular status will be offered. No Employee shall be placed into a 20 classification from which the Employee has demoted or failed to complete the probationary period. A 21 laid-off Employee who exercises the right to return to a previous position will be reinstated to the 22 position in classification seniority order which s/he had previously held, except as provided in Article 23 6, Section 2, Paragraph E.
Method of Reduction. 13 A. METRO shall determine the positions to be eliminated. Layoffs shall occur by 14 inverse classification seniority, except as otherwise specified in this AGREEMENT.
15 B. A laid-off Employee who has attained regular status in another job classification 16 may displace a less senior Employee in such classification, provided that the laid-off Employee has 17 obtained all necessary certifications to perform the duties of such classification. No Employee shall 18 be placed into a classification from which the Employee has demoted or failed to complete the 19 probationary period. A laid-off Employee who exercises the right to return to a previous position will 20 be reinstated to the position in classification seniority order which s/he had previously held, except as 21 provided in Article X0, Xxxxxxx 0, Xxxxxxxxx X.
Method of Reduction. A. METRO shall determine the positions to be eliminated. Layoffs shall occur by inverse classification seniority, except as otherwise specified in this AGREEMENT.
B. A laid-off Employee who has attained regular status in another job classification may displace a less senior Employee in such classification, provided that the laid-off Employee has obtained all necessary certifications to perform the duties of such classification. No Employee shall be placed into a classification from which the Employee has demoted or failed to complete the probationary period. A laid-off Employee who exercises the right to return to a previous position will be reinstated to the position in classification seniority order which s/he had previously held, except as provided in Article R6, Section 2, Paragraph E.
Method of Reduction. METRO shall determine the positions to be eliminated. Layoffs shall occur by 5 inverse classification seniority, except as otherwise specified in this AGREEMENT.
Method of Reduction. A. METRO shall determine the positions to be eliminated. Layoffs shall occur by inverse seniority, within the affected job classification, within the division.
B. A laid-off Employee who has attained regular status in another job classification may displace a less senior Employee in said classification. A position in the highest paying classification, in which there is a less senior Employee and in which the Employee previously has attained regular status, will be offered, except that an Employee shall not be placed into a classification from which the Employee has demoted or failed to complete the probationary period. For such purpose, seniority shall be calculated to include all time spent in the classification in which the Employee is placed, plus any continuous time spent in other Bargaining Unit classifications with higher top step wage rates, in which the Employee had attained regular status.
Method of Reduction. A. METRO shall determine the positions to be eliminated. Layoffs shall occur by inverse classification seniority, except as otherwise specified in this AGREEMENT.
B. A laid-off employee who has attained regular status in another job classification may displace a less senior Employee in such classification, provided that the laid-off employee has obtained all necessary certifications to perform the duties of such classification. A position in the highest-paying classification in which there is a less senior Employee and in which the employee previously has attained regular status will be offered. No Employee shall be placed into a classification from which the Employee has demoted or failed to complete the probationary period. A laid-off Employee who exercises the right to return to a previous position will be reinstated to the position in classification seniority order which s/he had previously held, except as provided in Article 6, Section 2, Paragraph E.
Method of Reduction. Reductions needed beyond those available by attrition will be made by suspending contracts. Those contracts to be suspended will be chosen as follows:
