Options Available to Employees Who Have Been Notified of Layoff Sample Clauses

Options Available to Employees Who Have Been Notified of Layoff. 8/3/1 At the time a written notice of layoff is issued, the Employer will provide the employee with options available, and an employee may, within seven (7) calendar days, elect one or more of the following options: Demotion, Bumping, Transfer or Layoff. The Employer may extend the preceding time limits. Between the notification of layoff and the effective date of the layoff, the Employer will provide the employee with additional options under this section when available.
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Options Available to Employees Who Have Been Notified of Layoff. Upon notice of layoff, the affected employee may within five (5) calendar days thereafter elect one or more of the following options: A. Transfer in lieu of layoff. Prior to the layoff effective date, the most senior employees determined by the Employer to be laid off may transfer to permanent vacant positions in the same classification provided the employee is qualified and, if so, is capable of performing the duties of the job after the customary period of orientation for such a qualified employee.
Options Available to Employees Who Have Been Notified of Layoff. 8/3/1 Upon notice of layoff, any employee may, within seven (7) calendar days elect one or more of the following options: Bumping, Transfer, Voluntary Demotion in lieu of layoff, or Layoff.
Options Available to Employees Who Have Been Notified of Layoff. 10/3/1 Upon notice of layoff, the affected employee may within five (5) working days thereafter elect one or more of the following options. For purposes of this section, “working days” is defined as Monday through Friday. A. Transfer in lieu of layoff. Prior to the layoff effective date, the most senior employee determined by the Employer to be laid off shall have the right to transfer laterally to permanent vacant positions in any class in the same or counterpart pay range in any employing unit within his/her department provided the employee is qualified and, if so, is capable of performing the duties of the job after the customary period of orientation for such a qualified employee. The affected employee may elect to move into such a vacant position even when the FTE of the vacancy is more or less than the FTE of the employee’s current position. B. Between Departments 1. The employee may file a request for transfer to any department in state service. Such employee shall have the right to be appointed to any permanent vacancy in a class for which s/he meets the qualifications in the same or counterpart pay range as the position occupied at the time of notification of layoff. 2. The employee may file a request for demotion to any department in state service. Upon approval of that department, such employee may be appointed to any permanent vacancy in a class for which s/he meets the qualifications in a lower pay range as the position occupied at the time of notification of layoff. C. Employees transferring or demoting outside of their employing unit under A. or B., above, may be placed on permissive probation at the discretion of the appointing authority. D. At-Risk Employees for Closing or Downsizing Agencies 1. Employees who receive “at risk” letters may apply for transfer to a class in the same or counterpart pay range in any agency. These agencies must offer interviews to the five (5) most senior qualified employees who apply. If qualified, employees designated as “at risk” will receive first consideration for the position. If ability and job requirements are comparable, seniority shall govern. 2. Employees who receive “at risk” letters and who previously attained permanent status in a lower classification shall be granted interviews for vacancies in that lower classification in any agency provided the employee has the necessary qualifications to perform the work. If qualified, employees designated as “at risk” will receive first consideration for the p...

Related to Options Available to Employees Who Have Been Notified of Layoff

  • RESTRICTIONS ON EMPLOYMENT OF FORMER STATE OFFICER OR EMPLOYEE The Engineer shall not hire a former state officer or employee of a state agency who, during the period of state service or employment, participated on behalf of the state agency in this agreement’s procurement or its negotiation until after the second anniversary of the date of the officer’s or employee’s service or employment with the state agency ceased.

  • ACCOUNTS SUBJECT TO ERISA The ERISA Rider is applicable to all Customers Under Section II of this Schedule A.

  • Additional Terms Applicable to an Incentive Option In the event this option is designated an Incentive Option in the Grant Notice, the following terms and conditions shall also apply to the grant: (i) This option shall cease to qualify for favorable tax treatment as an Incentive Option if (and to the extent) this option is exercised for one or more Option Shares: (A) more than three (3) months after the date Optionee ceases to be an Employee for any reason other than death or Permanent Disability or (B) more than twelve (12) months after the date Optionee ceases to be an Employee by reason of Permanent Disability. (ii) No installment under this option shall qualify for favorable tax treatment as an Incentive Option if (and to the extent) the aggregate Fair Market Value (determined at the Grant Date) of the Common Stock for which such installment first becomes exercisable hereunder would, when added to the aggregate value (determined as of the respective date or dates of grant) of the Common Stock or other securities for which this option or any other Incentive Options granted to Optionee prior to the Grant Date (whether under the Plan or any other option plan of the Corporation or any Parent or Subsidiary) first become exercisable during the same calendar year, exceed One Hundred Thousand Dollars ($100,000) in the aggregate. Should such One Hundred Thousand Dollar ($100,000) limitation be exceeded in any calendar year, this option shall nevertheless become exercisable for the excess shares in such calendar year as a Non-Statutory Option. (iii) Should the exercisability of this option be accelerated upon a Change in Control, then this option shall qualify for favorable tax treatment as an Incentive Option only to the extent the aggregate Fair Market Value (determined at the Grant Date) of the Common Stock for which this option first becomes exercisable in the calendar year in which the Change in Control occurs does not, when added to the aggregate value (determined as of the respective date or dates of grant) of the Common Stock or other securities for which this option or one or more other Incentive Options granted to Optionee prior to the Grant Date (whether under the Plan or any other option plan of the Corporation or any Parent or Subsidiary) first become exercisable during the same calendar year, exceed One Hundred Thousand Dollars ($100,000) in the aggregate. Should the applicable One Hundred Thousand Dollar ($100,000) limitation be exceeded in the calendar year of such Change in Control, the option may nevertheless be exercised for the excess shares in such calendar year as a Non-Statutory Option. (iv) Should Optionee hold, in addition to this option, one or more other options to purchase Common Stock which become exercisable for the first time in the same calendar year as this option, then the foregoing limitations on the exercisability of such options as Incentive Options shall be applied on the basis of the order in which such options are granted.

  • NOTICE TO EMPLOYEES REGARDING THE SAFELY SURRENDERED BABY LAW The Contractor shall notify and provide to its employees, and shall require each Subcontractor to notify and provide to its employees, a fact sheet regarding the Safely Surrendered Baby Law, its implementation in Los Angeles County, and where and how to safely surrender a baby. The fact sheet is set forth in Exhibit I of this Contract and is also available on the Internet at xxx.xxxxxxxxxx.xxx for printing purposes.

  • RESTRICTION ON OUTSIDE EMPLOYMENT Unless otherwise specified by the Employer as being in an area that could represent a conflict of interest, employees shall not be restricted in engaging in other employment outside the hours they are required to work for the Employer.

  • System for Award Management (XXX) Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a XXX.xxx proof of registration and Commercial and Government Entity (CAGE) number. Grantee will continue to maintain an active XXX registration with current information at all times during which it has an active award under this Agreement.

  • NOTICE TO EMPLOYEES REGARDING THE FEDERAL EARNED INCOME CREDIT The Contractor shall notify its employees, and shall require each subcontractor to notify its employees, that they may be eligible for the Federal Earned Income Credit under the federal income tax laws. Such notice shall be provided in accordance with the requirements set forth in Internal Revenue Service Notice No. 1015.

  • Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability No recourse under or upon any obligation, covenant or agreement contained in this Indenture or any indenture supplemental hereto, or in any Security or any coupons appertaining thereto, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or future stockholder, officer, director or employee, as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities and the coupons appertaining thereto by the holders thereof and as part of the consideration for the issue of the Securities and the coupons appertaining thereto.

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a Xxxx XXX may not be rolled over into a Traditional IRA. If you have a 401(k), Xxxx 401(k) or Xxxx 403(b) and you wish to rollover the assets into an IRA you must roll any designated Xxxx assets, or after tax assets, to a Xxxx XXX and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

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