Open Position. When a bargaining unit position has not been filled through a lateral transfer under section 14.1, or if a vacancy has been created through a lateral transfer, then the open position shall be posted internally at appropriate work locations for not less than ten (10) working days, as well as advertised externally. Any employee in the bargaining unit may apply for the position by filing an appropriate District approved application with the Office of Human Resources within the time limits specified. All qualified bargaining unit members who apply shall be interviewed.
Open Position. No Restricted Person shall at any time have any Open ------------- Positions; provided, however, that a Restricted Person may have:
(i) Physical inventories of crude oil (A) consisting of tank bottoms and pipeline linefill requirements, in each case classified as a long-term asset, (B) working inventory of up to 1,300,000 barrels in the aggregate at any time, (C) excess inventory of up to 200,000 barrels in the aggregate at any time resulting from crude gathering receipts in excess of scheduled quantities, provided that such Restricted Person shall establish an Offsetting Position with respect to such quantities within five business days following identification of such inventory, but in any event not later than the 20/th/ day following the month in which such excess volumes were received and (D) Hedged Eligible Inventory.
(ii) Floating Price Contracts to purchase or sell crude oil in the Current Trading Month; provided that, such Floating Price Contracts either (A) have an Offsetting Position by the 26th day of the month preceding the month of receipt or delivery, or (B) are scheduled to be stored at a Plains Terminal or in pipelines Currently Approved by Majority Lenders and are hedged in the delivery month with NYMEX contracts; and further provided that such Floating Price Contracts relating to the sale of crude oil for the Current Trading Month do not exceed purchases by more than 15,000 barrels per day.
(iii) Floating Price Contracts to purchase or sell crude oil to be received or delivered after the Current Trading Month, but within the twelve months following the Current Trading Month provided that (A) such contracts are at the then market price and (B) at any point in time the sum of (x) net realized losses relating to such contracts within the preceding twelve months and (y) xxxx to market exposure relating to such contracts does not, at any time, exceed $5.0 million.
Open Position. The first stage in a whole transaction where a trader is to create a trans- action with an equal volume
Open Position. (Posisi Terbuka) adalah posisi terbuka jual (sell) atau beli (buy) yang belum ditutup atau dilikuidasi.
Open Position. A Deal of purchase/sale not covered by the opposite sale/ purchase of the contract. Parties: The parties to this Agreement. Pending order: Order for Buy or Sell at a price different from the market price.
Open Position. Any newly created position to be filled or any previously existing or continuing position to be filled to which no existing employee will be assigned by the District.
Open Position. Job - any bargaining unit position/job vacated for more than ten (10) workdays.
Open Position. The result of the first part of a completed position. When opening a position, the Customer undertakes the following obligations:
1.48.1. To conduct the second part of the completed position (buy/sell) of the same size;
1.48.2. To maintain equity over 30% of the margin.
Open Position. An open position may result from a death, resignation, retirement, transfer, reassignment, non-renewal or termination of the member filling such position or by reason of being newly created by action of the Board or administration. Open positions will be filled by assignment, reassignment or transfer prior to the determination or posting of a vacancy.
Open Position. An unfilled position which is not to be filled by an Employee. An open position is to be further distinguished from a vacancy or vacant position which is a position expected to be filled by an Employee.
