RECLASSIFICATION DATE Sample Clauses
The Reclassification Date clause establishes a specific date on which the classification of an asset, liability, or contractual item may change according to predefined criteria. In practice, this clause is often used in financial agreements to mark when a loan, investment, or other asset transitions from one accounting or risk category to another, such as from current to non-current, or from performing to non-performing. By clearly defining when reclassification occurs, the clause ensures transparency and consistency in reporting and risk assessment, helping parties manage their obligations and expectations effectively.
RECLASSIFICATION DATE. 18.1 Where an employee makes application for reclassification to the Chief Executive in writing on a form approved by the Chief Executive, and if that application is acceded to, the operative date for that application will be no earlier than the date of lodgement and no later than three (3) calendar months from the date of lodgement.
RECLASSIFICATION DATE. Upon receiving written confirmation from the Joint Training Committee that employees have been classified as qualified journeymen, the Company shall begin paying the journeyman's wage rate to the employees. The journeyman's wage rate shall be effective the date the Company is notified that the employee is classified by the J.T.C. as a qualified journeyman.
RECLASSIFICATION DATE. 24.1 Where an employee applies for reclassification and is successful, the operative date for reclassification will be the date of lodgement of the application.
RECLASSIFICATION DATE. Except as provided in Clause 12 of this Agreement, where an employee makes application for reclassification to the Chief Executive in writing on a form approved by the Chief Executive, and if that application is acceded to, the operative date for that application will be no earlier than the date of lodgement and no later than three calendar months from the date of lodgement.
RECLASSIFICATION DATE. 13.1 Where an employee makes application for reclassification to the Public Trustee in writing on a form approved by the Public Trustee, and if that application is acceded to, the operative date for that application will be no earlier than the date of lodgement and no later than three calendar months from the date of lodgement.