Percentage Limits. Upon date of implementation (March 16, 2016), the number of part- time Employees in the system within a classification covered by this agreement shall not exceed 13%. Those stations where flight activity exceeds 12 departures per day may not exceed 18% of any classification as part-time agents. In stations where flight activity does not exceed twelve (12) departures per day, 100% of Employees may be part-time and are excluded from the maximum percentages for the system. However, in stations where flight activity does not exceed twelve (12) departures and are grandfathered per Article 2.F.2 of this agreement, the Company may go up to 100% part-time Employees through attrition only and are included in the maximum percentages for the system. On the one-year anniversary of the date of implementation (March 16, 2017), the following limits apply regarding stations with flight activity that exceeds 12 departures per day: • Maximum system percentage will not exceed 15% • Stations with flight activity greater than 12 departures per day will have a maximum of 20% part-time Employees for each station’s individual classification. On the three-year anniversary of the date of implementation (March 16, 2019), the following limits apply regarding stations with flight activity that exceeds 12 departures per day: • Maximum system percentage will not exceed 17% • Stations with flight activity greater than 12 departures per day will have a maximum of 22% part-time Employees for each station’s individual classification. In calculating percentages, the Company will round to the nearest whole number.
Percentage Limits. No share of Common Stock will be sold or ----------------- otherwise transferred (with or without consideration) to any individual if such transfer would result in the ownership by such individual in combination with four or fewer individuals (within the meaning of Section 542(a)(2) of the Internal Revenue Code of 1986 (the "Code")) of more than fifty percent of the aggregate value of all shares of all classes of capital stock of the Corporation (the "Percentage Ownership Limit"). --------------------------
Percentage Limits. The number of part-time Employees in the system within a classification covered by this Agreement shall not exceed ten percent (10%) of any classification. In addition, stations employing twenty (20) or fewer Employees covered by this Agreement may not schedule more than twenty percent (20%) of any classification as part-time Employees. Those stations employing more than twenty (20) Employees may not schedule more than fifteen percent (15%) of any classification as part-time agents. In calculating percentages, the Company shall round to the nearest whole number, but, in any event, each classification within a station shall be entitled to at least one (1) part-time Employee.
