Overnight Positions Clause Samples

The "Overnight Positions" clause defines the rules and conditions under which financial positions may be held open beyond the close of a trading day. It typically outlines the requirements for maintaining margin, the calculation of interest or fees for holding positions overnight, and any restrictions or additional risks associated with such positions. For example, in trading contracts, this clause may specify how margin requirements change after market hours or detail the process for rolling over positions to the next trading day. Its core practical function is to manage risk and clarify the obligations of parties when positions are not closed by the end of the trading session.
Overnight Positions. Please note that in accordance with our clearing firm policies a short position held overnight by a client shall not exceed 10% of the account's total value. Capital Markets Elite Group (UK) Limited therefore reserves the right to monitor and assess the overnight short positions to ensure compliance with set limits; • Limits are set at the discretion of the clearing firm and may vary based on market conditions and stock volatility. In the event that a client's overnight short position exceeds the stipulated limit, rights are reserved to initiate immediate liquidation of the excess position(s) without prior notice to the client; You are responsible for ensuring that your overnight short positions comply with set limits and Capital Markets Elite Group (UK) Limited shall not be held liable for any losses incurred due to liquidation; CapitalMarkets Elite Group (UK) Limited
Overnight Positions. The regular hours of work shall be between 10 p.m. and 8:30 a.m., inclusive of a paid meal period of one half (½) hour. Each shift shall consist of ten (10) consecutive hours. However, the parties agree that this clause shall not invalidate any current work schedules which provide differing hours of work or shifts. Overnight Asleep staff are required to perform, as a routine part of their job, certain duties towards the beginning and end of each shift; further, they are required to attend to non-routine matters which may arise during the night. However, if the Employee is actively engaged by such non-routine matters for two or more hours between midnight and 7:00 a.m., the shift will be considered to be an Overnight Awake from the beginning of this active engagement through to the end of the shift, and the Employee will be paid the Overnight Awake rate. However, in this case, the Employee must remain awake for the entire duration, and will assume all of the responsibilities adhering to the Overnight Awake shift, including the obligation to make call-ins. Further, if an Overnight Asleep staff is required to stay beyond the duration of his/her shift, then the Support Worker rate will apply for the extra hours worked. If a Full Time employee, other than an Overnight Asleep staff, is designated to work an Overnight Asleep shift, he or she shall be paid his/her regular rate for the entire shift. The Employer shall provide necessary and appropriate facilities for the overnight asleep position.
Overnight Positions. Please note that in accordance with our clearing firm policies a short position held overnight by a client shall not exceed 10% of the account's total value. The Firm therefore reserves the right to monitor and assess the overnight short positions to ensure compliance with set limits. Limits are set at the discretion of the clearing firm and may vary based on market conditions and stock volatility. In the event that a client's overnight short position exceeds the stipulated limit, rights are reserved to initiate immediate liquidation of the excess position(s) without prior notice to the client. You are responsible for ensuring that your overnight short positions comply with set limits and the Firm shall not be held liable for any losses incurred due to liquidation.
Overnight Positions. Please note that in accordance with our clearing firm policies a short position held overnight by a client shall not exceed 10% of the account's total value. Capital Markets Elite Group therefore reserves the right to monitor and assess the overnight short positions to ensure compliance with set limits. Limits are set at the discretion of the clearing firm and may vary based on market conditions and stock volatility. In the event that a client's overnight short position exceeds the stipulated limit, rights are reserved to initiate immediate liquidation of the excess position(s) without | prior notice to the client. You are responsible for ensuring that your overnight short positions comply with set limits and Capital Markets Elite Group shall not be held liable for any losses incurred due to liquidation; | Albion Plaza, ▇▇–▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇ ▇▇▇▇▇, Trinidad and Tobago
Overnight Positions. The regular hours of work shall be between 10 p.m. and 8:30 a.m., inclusive of a paid lunch period of one half (1/2) hour. Each shift shall consist of ten (10) consecutive hours. Permanent Part Time and Casual Relief Employees will receive their regular rate of pay for working O/N shifts, whether these be O/N Awake or O/N Asleep shifts. Specific duties adhere to the O/N Awake and O/N Asleep Job Descriptions, and part time employees who agree to work either of these shifts are committing to perform all tasks associated with them. It is understood that the primary obligation of O/N Asleep staff is to wake and respond to emergency situations and instances of client need. The employer reserves the right to designate an O/N Asleep shift as an Awake shift, at the point of offering the vacancy to a part time employee. The Employer shall provide necessary and appropriate facilities for the overnight asleep position. a) Work schedules for Permanent part time employees are fixed (typically a day or evening shift every Saturday and Sunday) and will not be changed without at least two weeks notice, or upon mutual agreement. b) Permanent part time employees’ work schedule will be based in a fixed program within a cluster of programs. c) Shifts which are identified as being required two weeks or more in advance, including time blocks of less than three months temporarily vacated by full time employees, will be preferentially offered in the following order of precedence: 1) to permanent part time employees who are based in the location where the vacancy exists. When everyone in this category has reached their 48 hour maximum, or has declined to work a particular shift, the shift will then be offered to... 2) permanent part time employees who are based elsewhere in the cluster. When everyone in this category has reached their 48 hour maximum, or has declined to work a particular shift...
Overnight Positions. Please note that in accordance with our clearing firm policies a short position held overnight by a client shall not exceed 10% of the account's total value. Capital Markets Elite Group therefore reserves the right to monitor and assess the overnight short positions to ensure compliance with set limits. Limits are set at the discretion of the clearing firm and may vary based on market conditions and stock volatility. In the event that a client's overnight short position exceeds the stipulated limit, rights are reserved to initiate immediate liquidation of the excess position(s) without prior notice to the client. You are responsible for ensuring that your overnight short positions comply with set limits and Capital Markets Elite Group shall not be held liable for any losses incurred due to liquidation.
Overnight Positions. The regular hours of work shall be between 10 p.m. and 8:30 a.m., inclusive of a paid lunch period of one half (1/2) hour. Each shift shall consist of ten (10) consecutive hours. The parties recognize the need for flexibility when it comes to scheduling the Overnight Asleep position. The parties agree that certain sites may require staffing models outside of hours outlined here in. If the Employer comes to the Union advising that a certain location needs an alternative scheduling model, a meeting will be struck where by the parties will discuss the location, the needs and the alternate schedule. It is understood that mutual agreement is necessary and will not be unreasonably withheld. Part time employees will receive their regular rate of pay for working O/N shifts, whether these be O/N Awake or O/N Asleep shifts. Specific duties adhere to the O/N Awake and O/N Asleep Job Descriptions, and part time employees who agree to work either of these shifts are committing to perform all tasks associated with them. It is understood that the primary obligation of O/N Asleep staff is to wake and respond to emergency situations and instances of supported persons needs. The employer reserves the right to designate an O/N Asleep shift as an Awake shift, at the point of offering the vacancy to a part time employee. The Employer shall provide necessary and appropriate facilities for the overnight asleep position. 15.02 a) Work schedules for part time employees are fixed (typically a day or evening shift every Saturday and Sunday) and will not be changed without at least two weeks notice, or upon mutual agreement.
Overnight Positions. The regular hours of work shall be between 10 p.m. and 8:30 a.m., inclusive of a paid lunch period of one half (1/2) hour. Each shift shall consist of ten (10) consecutive hours. Part time employees will receive their regular rate of pay for working O/N shifts, whether these be O/N Awake or O/N Asleep shifts. Specific duties adhere to the O/N Awake and O/N Asleep Job Descriptions, and part time employees who agree to work either of these shifts are committing to perform all tasks associated with them. It is understood that the primary obligation of O/N Asleep staff is to wake and respond to emergency situations and instances of supported persons needs. The employer reserves the right to designate an O/N Asleep shift as an Awake shift, at the point of offering the vacancy to a part time employee. The Employer shall provide necessary and appropriate facilities for the overnight asleep position.
Overnight Positions. Please note that in accordance with our clearing firm policies a short position held overnight by a client shall not exceed 10% of the account's total value. Capital Markets Elite Group therefore reserves the right to monitor and assess the overnight short positions to ensure compliance with set limits. Limits are set at the discretion of the clearing firm and may vary based on market conditions and stock volatility. In the event that a client's overnight short position exceeds the stipulated limit, rights are reserved to initiate immediate liquidation of the excess position(s) without prior notice to the client. You are responsible for ensuring that your overnight short positions comply with set limits and Capital Markets Elite Group shall not be held liable for any losses incurred due to liquidation.