Prior Industry Experience Clause Samples

The Prior Industry Experience clause establishes requirements or expectations regarding a party's previous work or background in a specific industry relevant to the agreement. Typically, this clause may require one or both parties to disclose their past experience, demonstrate a certain level of expertise, or confirm that they possess the necessary qualifications to perform their obligations. For example, a service provider might need to show they have several years of experience in a particular sector before being engaged. The core function of this clause is to ensure that parties involved have the appropriate background, thereby reducing the risk of underperformance and increasing confidence in the successful execution of the contract.
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Prior Industry Experience a. New hires shall be credited with prior experience and paid at no less than the wage rate they were last receiving prior to leaving the industry. The number of years employed at the previous Employer shall be counted toward an employee’s six (6) year increase and seven (7) year top rate entitlement [five (5) year top rate entitlement for Pharmacy Technicians]. b. New hires not previously employed by the Employer or its predecessor Company who are entitled to prior experience shall receive the entry level wage rate during the first (1st) thirty
Prior Industry Experience. 7.1.3.1 New hires not previously employed by the Employer who are entitled to prior experience credit shall receive the entry level wage rate during the first (1st) thirty (30) days of employment and the six (6) month rate during the next ninety (90) days of employment. Thereafter the employee shall be paid in accordance with Appendix A. 7.1.3.2 New hires previously employed by the Employer shall receive full credit for prior experience with the Employer in the type of work to be performed. New hires shall be credited with prior experience and paid at no less than the wage rate they were last receiving prior to leaving the industry.
Prior Industry Experience a. New hires shall be credited with prior experience and paid at no less than the wage rate they were last receiving prior to leaving the industry. The number of years employed at the previous Employer shall be counted toward an employee’s six (6) year increase and seven (7) year top rate entitlement [five (5) year top rate entitlement for Pharmacy Technicians]. b. New hires not previously employed by the Employer or its predecessor Company who are entitled to prior experience shall receive the entry level wage rate during the first (1st) thirty (30) days of employment and the six (6) month rate during the next ninety (90) days of employment. Thereafter the employee shall be paid in accordance with paragraph (a) above. c. New hires previously employed by the Employer shall receive full credit for prior experience with the Employer in the type of work to be performed.
Prior Industry Experience. 7.1.3.1 New hires shall be credited with prior industry experience as follows: Less than 520 hours prior experience -- no credit. 520 hours but less than l,040 hours prior experience -- 520 hours' credit. l,040 hours but less than 1,560 hours prior experience -- l,040 hours' credit. 1, 560 hours but less than 2,080 hours prior experience -- 1,560 hours' credit. 2,080 hours but less than 2,600 hours prior experience -- 2,080 hours' credit. 3,120 hours but less than 3,640 hours prior experience -- 3,640 hours but less than 4,680 hours prior experience -- 3,640 hours' credit.

Related to Prior Industry Experience

  • Work Experience A sabbatical leave may be granted for contracted work or externship with other educational institutions, government agencies, corporations, or foundations related to the applicant’s discipline. A detailed, specific plan must be submitted by the applicant and approved by the Salary and Leaves Committee as likely to improve the applicant’s teaching effectiveness, strengthen the College’s academic program, or otherwise bring a clear benefit to students.

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year. 23.1.2 The College agrees to provide the Association with the authority to administer the program on behalf of the College for those activities approved by the College in accordance with 23.2, 23.4 and 23.5. 23.1.3 Nothing in this Agreement prevents the College from funding professional development activities in addition to those activities supported through the Professional Development Funds (23.1.1) in accordance with the procedures described in this Article.

  • Related Experience Previous experience related to the duties associated with the position.

  • Professional Development Fund Article 20

  • Investment Experience Holder understands that the purchase of this Warrant and its underlying securities involves substantial risk. Holder has experience as an investor in securities of companies in the development stage and acknowledges that Holder can bear the economic risk of such Holder’s investment in this Warrant and its underlying securities and has such knowledge and experience in financial or business matters that Holder is capable of evaluating the merits and risks of its investment in this Warrant and its underlying securities and/or has a preexisting personal or business relationship with the Company and certain of its officers, directors or controlling persons of a nature and duration that enables Holder to be aware of the character, business acumen and financial circumstances of such persons.