Primary Reduction Clause Samples
The Primary Reduction clause establishes the conditions under which a party's obligations or liabilities are reduced, typically in response to a specific event or fulfillment of certain criteria. In practice, this clause might apply to the reduction of payment amounts, debt, or other contractual duties if a triggering event occurs, such as partial performance or the receipt of a third-party payment. Its core function is to ensure that parties are not held to the original full extent of their obligations when circumstances justify a proportional decrease, thereby allocating risk and providing fairness in changing situations.
Primary Reduction. Any requirement to force a Reduction shall take place in reverse order of seniority, with the following exceptions:
i) A senior Pilot holding an Awarded Position wherein there is a requirement for a Reduction, may take the displacement of the most senior Displaced Pilot in the same Position to any Position in the system that the most senior Displaced Pilot’s seniority would entitle him to hold in accordance with the more senior Pilot’s ESPB. This more senior Pilot shall not hold a reinstatement right to his current awarded Position. The provisions of Section 21-4 (INVOLUNTARY MOVE) shall apply.
Primary Reduction. Any requirement to force a Reduction will take place in reverse order of seniority, with the following exceptions, where a Pilot who has been reduced is able to increase his Status as a result of the Reduction: In this case Pilots in order of seniority in that Status and Base would be allowed to bid for the Reduction that would have increased the originally reduced Pilots Status. However, the Pilot exercising the above option can only bid into the that the originally reduced Pilot could have held. The Pilot will displace according to his standing bid on file as of the closing date of the primary Reduction bulletin subject only to any qualifications as to the minimum number of Positions below him at the time of the Reduction assignment.
Primary Reduction. Any requirement to force a Reduction shall take place in reverse order of seniority, with the following exceptions:
Primary Reduction. Any requirement to force a reduction will take place in reverse order of seniority. The pilot will displace according to his standing bid on file as of the closing date of the primary reduction bulletin subject only to any qualifications as to the minimum number of POSITIONS below him at the time of the reduction assignment.