OPENING AND CLOSING OF DOMICILES Sample Clauses

OPENING AND CLOSING OF DOMICILES. 1. If possible, the Company shall advise the Union and the Flight Attendants of its decision to open or close domiciles at least sixty (60) days prior to the effective date. 2. If, during the terms of this Agreement, the Company chooses to open additional Flight Attendant domiciles, the following rules shall apply: a. If possible, the Company will notify the Union in writing at least sixty (60) days prior to the opening of a Flight Attendant domicile. b. The Company will announce the new domicile vacancies via CrewTrac message to all Flight Attendants and post it, in writing, at each domicile crew lounge for a period no fewer than seven (7) calendar days. The announcement shall state the new domicile location, number of positions available, their effective date, and any other relevant information. c. All voluntary transfers to the new domicile will be awarded in seniority order of active and available Flight Attendants, system wide, from the new domicile bid awards on file. Any remaining vacancies in the new domicile will be filled in reverse seniority order, system wide, or awarded to new hire Flight Attendants. d. Vacancy awards for the new domicile must be posted at each domicile crew lounge in two (2) business days, but no later than five (5) calendar days, after the closing of the bids. The affected Flight Attendants must be sent written notification, via CrewTrac message, of the vacancy award at the time of the posting. e. A Flight Attendant who is awarded or assigned a permanent position at a new domicile shall be given no fewer than twenty (20) days, unless extenuating circumstances exist, then it may be reduced to no fewer than fourteen (14) days from the vacancy posting to report to the new domicile. 3. If, during the terms of this Agreement, the Company chooses to close, or reduce the number of Flight Attendants in a domicile by more than twenty-five percent (25%) in a thirty (30) day period, the following rules shall apply: a. If possible, the Company will notify the Union in writing at least sixty (60) days prior to the closing of a domicile or the reduction of the number of Flight Attendants at a domicile by more than twenty-five percent (25%) in a thirty (30) day period. b. In the event that a reduction of Flight Attendants by more than twenty-five percent (25%) in a thirty (30) day period occurs in a domicile, this reduction will be posted by the Company as a domicile bid at least sixty (60) days prior to the effective date of the reduction...
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OPENING AND CLOSING OF DOMICILES. A. The Company shall advise the Union of anticipated domicile openings as early as practical. Anticipated domicile closings will be made known to the Union as early as practical, but at least sixty (60) days prior to the closing date. B. When a new domicile is opened, openings will be posted and awarded as described in Section 19 of this Agreement. C. When a new domicile is opened that involves a reallocation of flying for existing staff, and insufficient bids are received to fill the openings at the new domicile, the most junior Flight Attendants within the domicile from which flying is being moved will then be assigned to fill remaining vacancies. D. When a domicile is closed or reduced, but no furloughs are to occur, the Company shall open vacancies at each domicile equal to at least ten percent (10%) of the number of active Flight Attendants currently at that base, or the number of vacancies created by the movement of flying to that base, whichever is greater. Flight Attendants being displaced from the affected domicile may exercise their seniority to transfer to a vacancy. E. When the closing, or reduction of a domicile will result in furloughs, the provisions of Section 18 of this Agreement will apply. F. In the event the Company opens a new domicile, the parties will meet and confer to discuss the appropriate report time and crew lounge facilities within thirty (30) days of the announcement of the new domicile. X. Xxxxxxxxx Packages When a net reduction in system-wide flying results in a domicile being closed, the company will offer severance packages to affected flight attendants who opt not to transfer. Such severance packages shall include, at a minimum, the following: 1. non-revenue travel privileges in accordance with Company policy for furloughees at the time. 2. pay out of accrued sick leave at three-quarters of an hour (0.75) for every one (1) hour in the sick bank (provided she/he has Perfect Attendance for the 60 days prior to the closing). 3. pay out of accrued vacation. 4. no contest of unemployment benefits.
OPENING AND CLOSING OF DOMICILES. A. The Company shall advise the Union of anticipated domicile openings as early as practical. Anticipated domicile closings will be made known to the Union as early as possible and in compliance with minimum legal requirements, but no less than thirty (30) days prior to the closing date. B. When a new domicile is opened, openings will be posted and awarded as described in the Filling of Vacancies Section of this Agreement. C. When a new domicile is opened that involves a reallocation of flying for existing staff, and insufficient bids are received to fill the openings at the new domicile, the most junior Flight Attendants within the domicile from which flying is being moved will then be assigned to fill remaining vacancies. New hire Flight Attendants will be assigned those vacancies prior to any existing Flight Attendant being involuntarily assigned. D. When a domicile is closed or reduced, but no furloughs are to occur, Flight Attendants being displaced from the affected domicile may exercise their seniority to transfer to a vacancy and will be eligible for moving expenses. E. When the closing, or reduction of a domicile will result in furloughs, the provisions of the Furlough and Recall Seciton of this Agreement will apply. F. In the event the Company opens a new domicile, the parties will meet and confer to discuss the crew lounge facilities, parking, and other issues within thirty (30) days of the announcement of the new domicile.
OPENING AND CLOSING OF DOMICILES. The Company will advise the Union of anticipated domicile openings and closings as soon as it finalizes the decision to open or close the domicile(s). When a new domicile is opening, vacancies will be posted and awarded as described in Section 20. When a new domicile is opened which involves a reallocation of flying among the existing work force, and there are insufficient bids to fill the new positions, the most junior Flight Attendants within the domicile(s) at which the reduction in flying occurred will be assigned the unbid vacancies. When a domicile is closed or reduced and no furloughs result, a Flight Attendant may exercise her/his seniority to bid a vacancy under the provisions of Section 20 but may not displace another Flight Attendant. When the closing or reduction of a domicile results in a furlough, the provisions of Section 19 will govern. If the Company opens a new domicile, the Company and the Union will meet and confer over appropriate report times for reserve in the new domicile.
OPENING AND CLOSING OF DOMICILES. A. The Company will advise the Union of anticipated domicile openings and closings as soon as it finalizes the decision to open or close the domicile(s). B. When a new domicile is opening, vacancies will be posted and awarded as described in Section 19. C. When a new domicile is opened which involves a reallocation of flying among the existing work force, and there are insufficient bids to fill the new positions, the most junior Flight Attendants within the domicile(s) at which the reduction in flying occurred will be assigned the unbid vacancies. D. When a domicile is closed or reduced and no furloughs result, a Flight Attendant may exercise her/his seniority to bid a vacancy under the provisions of Section 19, but may not displace another Flight Attendant. E. When the closing or reduction of a domicile results in a furlough, the provisions of Section 18 will govern.
OPENING AND CLOSING OF DOMICILES. A. The Company shall advise the Union of anticipated domicile openings as early as practical. Anticipated domicile closings will be made known to the Union as early as possible and in compliance with minimum legal requirements, but no less than thirty (30) days prior to the closing date. B. When a new domicile is opened, openings will be posted and awarded as described in Section 7, Filling ofVacancies and Moving Expenses. C. When a new domicile is opened that involves a reallocation of flying for existing staff, and insufficient bids are received to fill the openings at the new domicile, the most junior Flight Attendants within the domicile from which flying is being moved will then be assigned to fill remaining vacancies. New hire Flight Attendants will be assigned those vacancies prior to any existing Flight Attendant being involuntarily assigned. D. When a domicile is closed or reduced, but no furloughs are to occur, Flight Attendants being displaced from the affected domicile may exercise their seniority to transfer to a vacancy and will be eligible for moving expenses. Flight Attendants who opt not to transfer to another domicile may opt to resign and be paid out their vacation and their unemployment claims will not be disputed by the Company. E. When the closing, or reduction of a domicile will result in furloughs, the provisions of the Furlough and Recall Section of this Agreement will apply. F. In the event the Company opens a new domicile, the parties will meet and confer to discuss the crew lounge facilities, parking, and other issues within thirty (30) days of the announcement of the new domicile.

Related to OPENING AND CLOSING OF DOMICILES

  • CLOSING AND CLOSING DATE 3.1 Subject to the terms and conditions set forth herein, the Closing Date shall be April 27, 2007, or such other date as the parties may agree. All acts taking place at the closing of the transactions provided for in this Agreement (Closing) shall be deemed to take place simultaneously as of the close of business on the Closing Date unless otherwise agreed to by the parties. The close of business on the Closing Date shall be as of 4:00 p.m., Eastern Time or such later time on that date as the Acquired Funds net asset value and/or the net asset value per share of each class of shares of the Acquiring Fund is calculated in accordance with paragraph 2.2 and after the declaration of any dividends. The Closing shall be held at the offices of Xxxxxxx Xxxx & Xxxxxxxxx LLP or at such other time and/or place as the parties may agree. 3.2 The Acquired Entity shall direct State Street Bank and Trust Company (the Custodian) to transfer ownership of the Assets from the accounts of the Acquired Fund that the Custodian maintains as custodian for the Acquired Fund to the accounts of the Acquiring Fund that the Custodian maintains as custodian for the Acquiring Fund and to deliver to the Acquiring Entity, at the Closing, a certificate of an authorized officer stating that (i) the Assets of the Acquired Fund have been so transferred as of the Closing Date, and (ii) all necessary taxes in connection with the delivery of the Assets of the Acquired Fund, including all applicable federal and state stock transfer stamps, if any, have been paid or provision for payment has been made. 3.3 The Acquired Entity shall direct PFPC Inc., in its capacity as transfer agent for the Acquired Fund (Transfer Agent), to deliver to the Acquiring Entity at the Closing a certificate of an authorized officer stating that its records contain the name and address of each Acquired Fund Shareholder and the number and percentage ownership of each outstanding class of Acquired Fund Shares owned by each such shareholder immediately prior to the Closing. The Acquiring Fund shall deliver to the Secretary of the Acquired Fund a confirmation evidencing that (a) the appropriate number of Acquiring Fund Shares have been credited to the Acquired Funds account on the books of the Acquiring Fund pursuant to paragraph 1.1 prior to the actions contemplated by paragraph 1.5 and (b) the appropriate number of Acquiring Fund Shares have been credited to the accounts of the Acquired Fund Shareholders on the books of the Acquiring Fund pursuant to paragraph 1.5. At the Closing, each party shall deliver to the other party such bills of sale, checks, assignments, share certificates, if any, receipts or other documents as the other party or its counsel may reasonably request. 3.4 In the event that on the Valuation Date (a) the New York Stock Exchange or another primary trading market for portfolio securities of the Acquiring Fund or the Acquired Fund (each, an Exchange) shall be closed to trading or trading thereupon shall be restricted, or (b) trading or the reporting of trading on such Exchange or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquired Fund or the Acquiring Fund is impracticable (in the judgment of the Acquiring Entity Board with respect to the Acquiring Fund and the Acquired Entity Board with respect to the Acquired Fund), the Closing Date shall be postponed until the first Friday (that is also a business day) after the day when trading shall have been fully resumed and reporting shall have been restored.

  • Closing and Closing Deliveries 27 8.1 Closing...............................................................................27 8.2

  • Closing and Closing Documents 7 4.1 Closing...................................................................................... 7 4.2 Seller's Deliveries.......................................................................... 7 4.3 Purchaser's Deliveries....................................................................... 8 4.4 Fees and Expenses; Closing Costs............................................................. 8 4.5 Adjustments.................................................................................. 8 ARTICLE V Miscellaneous......................................................................................... 9

  • CONDITIONS TO CLOSING OF COMPANY The Company's obligation to sell and issue the Shares at the Closing is, at the option of the Company, subject to the fulfillment or waiver of the following conditions:

  • Closing Location The Closing shall be held at the location designated by the Corporation or, if no such designation is made, at the office of Seller's Attorney.

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions: (i) All of the representations and warranties of the Mortgage Loan Seller and the Purchaser made pursuant to Section 4 of this Agreement shall be true and correct in all material respects as of the Closing Date (or as of such other specific date expressly contemplated by any such representation or warranty); (ii) All documents specified in Section 7 of this Agreement (the “Closing Documents”), in such forms as are agreed upon and reasonably acceptable to the Purchaser and, in the case of the Pooling and Servicing Agreement (insofar as such Agreement affects the obligations of the Mortgage Loan Seller hereunder or the rights of the Mortgage Loan Seller as a third party beneficiary thereunder), to the Mortgage Loan Seller, shall be duly executed and delivered by all signatories as required pursuant to the respective terms thereof; (iii) The Mortgage Loan Seller shall have delivered and released to the Purchaser or its designee, all documents, funds and other assets required to be delivered thereto on or before the Closing Date pursuant to Section 2 of this Agreement; (iv) The result of any examination of the Mortgage Files for, and any other documents and records relating to, the Mortgage Loans performed by or on behalf of the Purchaser pursuant to Section 3 hereof shall be satisfactory to the Purchaser in its reasonable determination; (v) All other terms and conditions of this Agreement required to be complied with on or before the Closing Date shall have been complied with in all material respects, and the Mortgage Loan Seller shall have the ability to comply with all terms and conditions and perform all duties and obligations required to be complied with or performed by it after the Closing Date; (vi) The Mortgage Loan Seller shall have paid all fees and expenses payable by it to the Purchaser or otherwise pursuant to this Agreement; (vii) The Mortgage Loan Seller shall have received the purchase price for the Mortgage Loans, as contemplated by Section 1 of this Agreement; (viii) Neither the Underwriting Agreement nor the Certificate Purchase Agreement shall have been terminated in accordance with its terms; and (ix) The Commission shall not have issued any stop order suspending the effectiveness of the Purchaser’s Registration Statement. (x) Prior to the delivery of the Preliminary Prospectus to investors, an officer of the Mortgage Loan Seller shall have delivered to the Depositor a sub-certification (the “Mortgage Loan Seller Sub-Certification”) to the certification provided by the Chief Executive Officer of the Depositor to the Securities and Exchange Commission pursuant to Regulation AB. Each of the parties agrees to use their commercially reasonable best efforts to perform their respective obligations hereunder in a manner that will enable the Purchaser to purchase the Mortgage Loans on the Closing Date.

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

  • Closing and Effective Time Subject to the provisions of this Agreement, the parties shall hold a closing (the "Closing") on (i) the first business day on which the last of the conditions set forth in Article V to be fulfilled prior to the Closing is fulfilled or waived or (ii) at such time and place as the parties hereto may agree. Such date shall be the date of Exchange (the "Effective Time").

  • Opening of Escrow Buyer shall immediately cause an escrow (the "Escrow") to be opened at Escrow Holder's office located at 000 Xxxx Xxxxx Xxxxxx, Xxxxx Xxx, Xxxxxxxxxx 00000, Attention: Xxxx Xxxx-Xxxxxxxx for the purpose of facilitating the consummation of this Agreement, by delivering the Deposit (as defined in Section 4.1 below) to Escrow Holder along with a copy of the fully executed original (or executed counterparts) of this Agreement within two (2) business days after executing this Agreement. Escrow Holder shall, immediately upon its receipt of the Deposit and executed Agreement, execute and deliver to Buyer and Seller the Consent and Acceptance of Escrow Holder attached to this Agreement, which Consent and Acceptance of Escrow Holder shall specify the date of such receipt (the "Escrow Opening Date"). This Agreement constitutes instructions to Escrow Holder. Buyer and Seller shall execute such additional mutual instructions as Escrow Holder may reasonably require, provided that such additional instructions shall be consistent with this Agreement. Any inconsistency between any such additional instructions and this Agreement shall be resolved in a manner consistent with this Agreement, and the provisions of this Agreement shall prevail unless Buyer and Seller waive such inconsistent provision in writing by specifically referring to the fact of such inconsistency and their intent to waive it.

  • Closing of Books The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

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